Excellent Exposure of I-T Mess

MoneyLIFE presents timely, action-oriented and unbiased cover stories. The bold attack on the I-T Department, with which almost everyone has to deal, establishes this. E-filing of income-tax returns has been made compulsory for all companies and persons who come under tax-audit; the tax has to be deposited online. The rules are strict but the difficulties that assessees face in complying with...

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  • Not a New Bull

    It is too early to call a bottom

    In the previous issue, I had written that stock price patterns suggested an imminent downward move in the Sensex which would probably take the market to 12,400-12,200. I had also suggested that there was chance that the Sensex would rally further from here to 14,500 but that there was hardly any trigger to take it beyond that level. Well, we did have a fresh...

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  • Cards on the Table, Money in the Bank

    Two years ago, on a whim, David Einhorn entered the World Series of Poker, the card game’s most prestigious annual tournament. Einhorn wasn’t much of a player. He joined a live game every two or three months and only occasionally ventured online. Nevertheless, Einhorn won more than $650,000, finishing 18th among more than 8,000 entrants. He promptly announced that his winnings would go to the...

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