Comments on Capital Mind: Direct Tax Grows [Only] 3.69% in H1 2010

I guess we should see it in the light of the fact ...

2009-10-08T19:13:23.939+05:30

I guess we should see it in the light of the fact what was the base last year?

Besides lot of companies did have hard time to coup up with loss in dollar terms. Besides most of the companies had frozen or cut salary levels hence lower direct taxes. Plus uncertain monsoons this season has held on spend on consumer goods. Unfortunately we had seen cut of around 20% in mid management and on lower grade it was anywhere between 3-10% in IT industry itself.

Hopefully with stabilization and probable increase in salaries from September end onwards with have +ve impact on consumer spends. Hopefully worst is behind us :) touch wood

I was working in China and I heard from Technical ...

2009-10-08T13:58:51.895+05:30

I was working in China and I heard from Technical Sales Rep. of Leading European Equipment Maker that to sell stuff in China you will have to make arrangements. The CCP local bosses use this money deposited in Hong Kong, Singapore for their private use. As a matter of fact if you are a trusted Rep. then they will tell you to jack up your quotation.

Great Service by CCP.

Anon

Anon: I doubt right wing parties will be happy wit...

2009-10-07T22:17:40.149+05:30

Anon:
I doubt right wing parties will be happy with that.
Though I always think if leftist politicians have black money stacked in hongkong or China/Cuba?

Yes but Indian Money in Swiss Accounts are not tax...

2009-10-07T17:40:54.634+05:30

Yes but Indian Money in Swiss Accounts are not taxed. Even if the interest is taxed the Income tax Kitty will balloon.