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Saudi Arabia imposes temporary visa ban on 14 countries, including PakistanUK protests against Israel detaining two British lawmakersGovt to set up dedicated startup India desk for budding entrepreneursDelhi Govt takes stern action against steep fee hike by private schoolsUK MP Dan Norris arrested for alleged child sex offencesIndian-American country judge nabbed on money-laundering chargesAustralia pledges 2.3 bn Australian dollar to enable households buy solar batteriesIndia, Lanka sign MoU on defence cooperationCX - Mere interconnection under Income Tax law does not establish a related party transaction under Central Excise law, thereby invalidating department's demand for duty at 110% of production cost: CESTATOwaisi moves SC against Waqf Amendment ActNo TDS to be deducted u/s 194EE on payments u/s 80CCAST - Removal of smart cards for pairing with set-top boxes (STBs) constituted job work under Rule 4(5)(a) of CCR, 2004 and thus, reversal of CENVAT credit is not required: CESTATCBIC issues AGT orders of 229 Jcs / ADCs + 308 ACs / DCs + 177 Pr Commissioners / Commissioners + 12 Pr CCs & CCsST - Activity of serving as intermediary between foreign entities & Indian customers, qualifies as export of services; commissions earned by assessee will not attract Service Tax levy: CESTATKessler Syndrome: Over 1200 objects of space debris banged into earth in 2024CX - Valuation - Specifications meant for guidance purposes per se differ from detailed engineering drawings; only the latter is to be included in assessable value: CESTATTrump grants another 75-day to TikTok to find Chinese buyerEU fears Trump beer tariffs may cost one lakh jobsTrump tosses out National Security Agency DirectorBudget Session of Parliament adjourns sine-die; 16 Bills passedHamas says Israeli offensive in Gaza is fatal for hostagesEuropean Commission votes to freeze existing sustainability rules to compete with China and USParliament passes Protection of Interest in Aircraft Objects Bill, 2025US economy adds 2.28 lakh jobs in March monthI-T - Provisions of section 50C are equally applicable to asset forming block of asset as well: ITATChina retaliates; imposes 34% tariffs on American goods

MESSAGE BOARD

   

Letter to the Prime Minister


Demonetization

The problem is most of the younger generations today, have not seen and interacted with a tall political leader, with blemish less image. Media has not only brought of news with pace, but coloured many news to such an extent that facts seem to be distorted.

In my opinion, once demonetization of the two high valued notes is accepted as a step in right direction, the support for it should be unconditional. This step hails the honest and nails the rotten. The people should sacrifice for the larger interest of the nation, whatever be the inconvenience, for it is not as much a pain as our fore-fathers have gone through for getting freedom. The trend set is catching up. The spontaneous support, the enthusiasm with which small traders, auto-wallas wanting to become tech-savy to march towards cash-less society, would make big brothers to change for good and start recording all the transactions, which automatically ensure many things such as more revenue, friendly tax laws, easy of doing business and ultimately freedom from corrupt practices. So, it is time for sacrifice, support and "blind" following of tall leader. Jai Hind.

V Ravindran 05/12/2016

 

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