Less Taxing

Yup... taxes are going to be less taxing, i.e. if Pranab Mukherjee has its way. The new direct tax code seems to be good for the end tax payer with the only glitch for those dabble in the stock market, wherein long term capital gains would also be taxed.

I, for one, definitely hope that this comes through in the not too distant future. :-)

Secure - FYI

Follow the link. Useful info for desi e-retailers.

The Madness Continues...

The fall in the financial markets in the US continues unabated and the Indian markets can't be too far behind...



What's next ? Who's next ??

Closing loopholes

The finance ministry in India has notified the guidelines for ESOPs given by a company and the tax implications of the same. It apparently does not cover the situation regarding a company not listed in India giving stock options to its employees working in India. A friend of mine found this doc which helps understand this more.

Lemme ask for more official help and figure this out...