December 2011

Profitable discoms power Gujarat ahead

December 30, 2011

At a time when most parts of the country are facing power shortages and debt-laden state electricity boards and distribution companies (discoms) are seeking another bailout from the Centre, power sector entities in Gujarat are a study in contrast. All of Gujarat’s four state-owned discoms – Uttar Gujarat Vij Company,

The grand SEZ dream on deathbed

December 29, 2011

Income Tax·Miscellanea

Calculations seem to have gone offtrack along the way; the initiators blame policy confusion and lack of comprehension in coordination. The Special Economic Zone (SEZ) policy was launched with considerable hype in India in 2006, when the economy was booming and investors around the world were looking at the country

Tax treatment of a consultant differs from that of an employee

December 2, 2011

Income Tax

Today, an employer often gives flexibility to a person to be employed as an ’employee’ or a ‘consultant’. Such a situation may arise due to the type of the profession, the person’s age and the extent of reporting and supervision. Currently, employer is not defined in the Income Tax Act,

Profitable discoms power Gujarat ahead

The grand SEZ dream on deathbed

Tax treatment of a consultant differs from that of an employee

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