Taxtortion The Nightmare Continues

Once I decided to get into social service and floated a charitable trust. Nobody had forced me to do it; it was something I wanted to do. I soon realised that I could not handle the workload alone and started thinking about how to get help. Then I had a brilliant idea! I
approached several retired people and wives of a few friends and coaxed them to help me as volunteers. Then I set about...

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  • Will It Last?

    Grasim has interests in viscose staple fibre, cement, chemicals, textiles and sponge iron. The main source of profits is cement. Cement companies are enjoying strong demand and have even raised prices recently. In March 2009, the price of cement went up by about Rs10 per 50kg bag. Simultaneously, there has been a sharp correction in coal prices from $193 last year to $62 now. This benefit was...

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  • CBDT clarifies new TDS, TCS rules; hopes to end deductor's 'nightmare'
    The Central Board of Direct Taxes (CBDT) had issued a new circular to clarify amendments to the Tax Deduction at Source (TDS) and Tax Collected at Source (TCS). While allowing the TDS and TCS to be filed electronically on a quarterly basis, the board has permitted the deductors to issue TDS and TCS certificates (Form 16, Form 16A and Form 27D) in the old or new substituted...
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