IT’S ALL ABOUT MONEY!
The fallout of American economy and ongoing financial crisis had affected every one. As a rescue measure US government has announced a total package worth about 990 billion dollars. Some of the European countries have also announced a bailout package. The collective of US & Europe comes to about 1.8 trillion dollars. In the same way the Black Money of various politicians, diplomats, entrepreneurs deposited in Swiss Banks should be utilized. But you will ask why?Here is the answer. As per Swiss Banking Associations Report on ‘Black Money’ the 5 major countries have their money in Swiss Banks. According to an official of Swiss Bank, the money deposited by Indians is so much that Switzerland’s 10 Five year plans can be completed.
|
Rank |
Country |
Amount($ crores) |
|
1 |
India |
14560 |
|
2 |
Russia |
4700 |
|
3 |
England |
3900 |
|
4 |
Ukraine |
1000 |
|
5 |
China |
960 |
LAST DATE OF FILLING VAT RETURN
Last date of filling monthly MVAT Return for the month of Oct.08 is 22/11/2008. The return has to be filled in Form no. 231. As per circular 16 (T) electronic returns has to be filled in Form III E.