Writing

Introduction of the Value Added Tax (VAT) at the Central and the State level has been considered to be a major step - an important breakthrough - in the sphere of indirect tax reforms in India. If the VAT is a major improvement over the pre-existing Central excise duty at the national level and the sales tax system at the State level, then the Goods and Services Tax (GST) will indeed be a further significant improvement - the next logical step - towards a comprehensive indirect tax reforms in the country. The choice of a single or a multiple VAT rates is highly controversial. There is a belief that the public will accept a VAT type GST more easily if products consumed by low-income households are taxed at lower rates than products consumed by those that are better off. If the Value Added Tax (VAT) is considered to be a major improvement over the pre-existing Central excise duty at the national level and the sales tax system at the State level, then the Goods and Services Tax (...

Implied meaning of Bhagavan Sri Krishna's relationship with Radha and the Gopis Radha is the manifestation of Krishna-bhakti . In response to the question, "How devoted should one be?"' the Naradbhaktisutra writes, "Like the Gopis (Cowherd Girls) of Vraj." In reality , these Gopis are incarnations of Rishis . Sri Krishna Himself sent His great friend Uddhav to the Gopis to teach them about the purest form of Krishna-bhakti . ` Once to illustrate the Krishna-bhakti of the Gopis, Sri Krishna pretended that He had intense headache, which did not respond to any medicine. Then Krishna asked Uddhava to take this message to Vraj , " Krishna 's pain will vanish with the application of mud beneath anyone's feet . However, the one giving the mud beneath his/her feet will go to hell in the event of any past mistake on his/her part ". Proclaim this and then bring the mud that anyone gives." On entering Gokul, when Uddhav asked thi...

Shraadh is a Sanskrit word which literally means "anything done with sincerity and faith." "Shraadh" also means "Shraddha" which means unconditional reverence. Shraadh is performed every year on the death anniversary of the deceased relative as per the Panchang (The Hindu calendar) or during this period of dark fortnight called Pitra Paksha. Pitrapaksha is that the event to repay debt to our departed ancestors by satisfying their souls through performing rites. For the current purpose “Shraddha” is performed with a belief that the obsolete ones would alive amongst us. Yamaraja, the God/bhagwan of death allows the souls to come down to the earth and obtain provides out of his or her descendants. The present follow is constructed for the extinct “pitris”. Of the fact that last day of the present time, of the actual fact that new moon day, is considered as of the fact that almost essential day in his year for enactment obsequies and rites. ...

US President Barack Obama on Thursday once again targeted outsourcing of jobs overseas by American companies, increasing the pressure on local firms in an attempt to secure some benefit ahead of the crucial November elections in his country. “One of the keys to job creation is to encourage companies to invest more in the United States. But for years, our tax code has actually given billions of dollars in tax breaks that encourage companies to create jobs and profits in other countries,” Obama said,. New Delhi: The government on Thursday indicated that the US administration’s move against outsourcing may be contested in the World Trade Organization (WTO), stating New Delhi will take up the issue with Washington. “We have to ensure what they (US) are doing is WTO compatible when we are talking about trade, movement of goods, movement of people and movement of services,” commerce and industry minister Kamal Nath said here. In his first address to the joint session of the US ...

Direct Tax Code does not have much for common man Direct Tax Code (DTC) Bill, which aims to replace the existing Income-Tax Act, 1961, has finally been presented in the Parliament and once approved by both Houses, it will be enacted as a law, effective from April 1 2012. The Direct tax Code Bill 2010 (DTC), , has given relief to the property owners on two major account, firstly, no deemed taxation for House Property and secondly, deduction for interest for self occupied house property.' While, the concept of deemed taxation of more than one house property has been done away with and their expectation of a simple mechanism of taxation of rental income has also been considered to a great extent. It was supposed to put a lot of money back into the wallet of the common man. However, the Direct Taxes Code Bill, 2010, which was tabled on August 30, did not fulfill that promise. Sure, it will definitely help people save some more on taxes. The new code will affect the...