My Tax Form Info

CHAMPIONS TROPHY: S AFRICA v/s NEW ZEALAND

Its a do or die match for the South Africa as they have lost their Ist match against Sri Lanka. If they lose this match they will be out of Champions Trophy.

South Africa have restricted New Zealand for 214 -10(47.5), W. Parnell taking 5 wickets in 8 overs giving 57 runs.

South Africans are stronger  and think so they will not have any problem against New Zealand.

INDIA STILL HOT FOR FDI

The US financial crisis has not been able to affect the FDI inflows in India. As per the World Economic Report prepared by United National Conference on Trade & Development (UNCTAD) the problems related to sup- prime crisis and fall out of major financial institutions like Freddie Mac and Fannie Mae, Lehman Brothers, AIG (American Insurance Group) and many more have disrupted financial markets in US and some European countries. This has created a liquidity crunch in the markets. The report also states that the economic recession in US & European countries will not affect developing countries like India, China, Brazil etc which are growing at a faster rate. The report also stated that India will find it difficult to fund the $ 495 billion infrastructure program spread over five years till 2012. According to World Bank estimates, $ 500 billion are required over a period of 2001-2010.

CORPORATE TAX RATES

If you want to do business in India you should be prepared to shell out extra money to government in form of taxes as compaired to any other developing countries. In a recent survey counted by major audit firm Ernst & Young, India has high tax rates for cos. along with Brazil