Category: Editorial

to-owe 0

To Owe, or, Not to Owe

The lending sector today is extremely skewed in favour of the rich and famous. If a middle class borrower whose borrowings rarely exceed Rs. 1 crore defaults on his payment the lending institutions use...

business endors 0

In Soft So(A)p We Trust!

This is a continuation of the article Soft So(A)p. The company would first need to set up a trust which would act on behalf of the employees and give money to the trust in...

business endors 0

Soft So(A)P ?

“TV Soaps Ltd.” was an unlisted public company that churned out the scripts for most of the melodramatic mega-serials on air at the moment. As it was going to complete its 10th year in...

top-secret 0

Tattletale No More………..

Pappu had recently given to his employer (a leading electronics company) his notice of resignation from the post of Vice-President , Research & Development. After scrutinising his notice his employer acceded to his request...

loaned-or-stoned 0

On Sticky Wickets ??

Hunting Pvt. Ltd.  is a closely held company with paid up share capital Rs.10 lakh and borrowings from banks amounting to Rs.40 crore . Mr.Goodwill is its Managing Director and Majority shareholder (70%). Mrs....

apps 0

‘Apps’olutely Taxing

Is TDS payable on payments made towards purchase of “apps”? Before answering this question, let’s look at what TDS is about. In a way, Tax Deducted at Source (TDS) is a type of advance...