Archive for October, 2008

WISH YOU A VERY HAPPY & PROSPEROUS DIWALI.

Tuesday, October 28th, 2008

MAY THIS DIWALI BRING US

LOWER INFLIATION,

HEALTHY SENSEX,

LOWER INTREST RATES,

END TO DEPRESSION
&

GROWING ECONOMY!

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THE COMPANIES BILL, 2008 ON ITS WAY

Friday, October 24th, 2008

On Thursday, 23rd Oct. 2008 The Company Bill, 2008 was tabled on the Parliament. If the bill gets enacted then new Company Act 2008 will supersede the current Act. According to Corporate Affairs Minister Mr. Prem chand Gupta the new act would make things simpler. In the year 1956 their were 36,000 companies whereas in [...]

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THE TOP 10 STUPID TAXES – III

Wednesday, October 15th, 2008

(cont.)
7. 1689: Tax incentives for gin production
Anyone familiar with Hogarth’s engraving, Gin Lane, will understand the implications of this tax blunder. William and Mary, the protestant monarchs who ruled between 1689 and 1702, discouraged the importation of brandy from the Catholic French and instead promoted the local production of gin by abolishing taxes and licensing [...]

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THE TOP 10 STUPID TAXES-II

Tuesday, October 14th, 2008

(…cont.)
4. 1995: Illegal drug tax (USA)
On January 1 2005, Tennessee joined 23 other states in imposing a tax for possession of illegal drugs. People who bought drugs had 48 hours to approach the Department of Revenue and pay tax. It was levied per gram – $3.50 for marijuana, $50 for cocaine, and $200 for [...]

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Posted in TAXATION | No Comments »