Hire a Chartered Accountant who is your friend and guide

- By A Tax Expert

As a business owner, you have a myriad of tasks on hand. Worrying about profit margins, increasing the line of products, finding innovative marketing ideas, handling customer complaints – there is certainly a lot on your platter. While these aspects of business are nevertheless often taken care of, there is one important, yet often neglected […]

Budget or ‘Bulga’ – Journey started in 1773

- By Aastha Prasad

Until last year I was quite baffled about why so many persons used to be expectantly excited on the budget day. Children were deprived of their undisputed right of watching their TV programmes on that day. I used to feel very irritated. What was in a Budget? Now, when I am in a Law School, […]

The language bar in taxation

- By Aastha Prasad

While talking of broadening tax base, we always talk of getting in more and more people in the tax net. Seems logical and convincing, but have we ever thought of educating those probable tax payers, right from the school. While discussing with my classmates and Professors, I was surprised to discover that though about fifty […]

A succinct and riveting story about ‘Taxation’

A succinct and riveting story about ‘Taxation’

- By A Tax Professional

There is no doubt that today ‘Tax’ is the buzzword. It is aptly said by an American scholar that ‘the democracy will cease to exist when you take away from those who are willing to work and give to those who would not’. So in a country like India, there has to be a crucial […]

कोष मूलो दंडः

- By राजेश चन्द्र प्रसाद

चाणक्य आज भी सार्थक हैI उन्हें आज भी हम एक महान अर्थशास्त्री, कूटनीतिज्ञ एवं राजनैतिक पंडित के रूप में जानते हैI कर प्रणाली पर भी उनके विचार मौजूदा भारतीय अर्थव्यवस्था पर बहुत ही सटीक हैI आयकर विभाग के प्रतीक चिन्ह ( Logo) मे एक सूत्र लिखा है – कोष मूलो दंडःI इस सूत्र को महान […]

“I like to pay taxes. With them, I buy civilization.”

- By Anuj Saxena

“I like to pay taxes. With them, I buy civilization.” Justice Oliver Wendell Holmes Jr. Taxation is an essential financial charge levied by any governmental body to be able to fund administrative activities. Dating back to Circa 3000 BC in Ancient Egypt and subsequently the Persian Empire back in 500 BC, taxation has served as […]

Playing Lottery is a vice but paying GST on tickets is not!

Playing Lottery is a vice but paying GST on tickets is not!

- By A Tax Professional

Goods & Services Tax (GST) is a headline grabber in India. What recently made it more ‘intaxicating’ was its ‘blending’ with Lottery. And the issue was – Some of the States which run the lottery business to raise funds for welfare schemes wanted to pay lower GST tax rate than the one to be paid […]

CY 2020 Implores GST to settle down

- By A Tax Professional

Well, a blog from a tax professional would not be different musings. Calendar 2019 held on to GST like the Moon which eclipsed the Sun rays from reaching Mother Earth. A calendar 2019 that is just nearing its end which focused on the Technological aspect more than the Tax framework for which it exists. Yes […]

Paying Taxes! Let’s Celebrate it!

- By TIOL News Service

Taxation! The expression sounds grim! Even our school books had anecdotes about how some kings had taxed their citizens for royals’ luxurious lives. The British taxed the peasants for centuries to finance their ambitious wars. Things changed when Modern States came into being. Elected governments tax only to build public assets and provide services such […]