TIOL-DDT 2393 · the untouched capture
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<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"> <html> <head> <title>Untitled Document</title> <meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1"> </head> <body> <p><strong><font color="#663399" size="3" face="Verdana, Arial, Helvetica, sans-serif"><s><strong><font size="2"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=20079"><img src="http://www.taxindiaonline.com/RC2/image/stories/limca_book2014_1.jpg" alt="DDT in Limca Book of Records - Third Time in a row" width="250" height="123" hspace="5" border="0" align="right"></a></font></strong></font></strong></font></strong></font></strong></font></strong></s>TIOL-DDT 2393</font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br> 10.07.2014<br> Thursday</font></strong></p> <p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>The Budget </strong></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IF</strong> listening to the Budget speech of the Finance Minister was not a mandatory part of my efforts to make a living out of writing on tax matters, I would happily sleep through budget speeches as Rahul Gandhi was alleged to have done inside Parliament yesterday. I have tremendous respect for our Parliamentarians who have to fight that yawn during the prolonged boring budget speeches, though some occasionally succumb to it. Yawning in Parliament may be bad manners, if not un-parliamentary (though snoring, perhaps is), we must admit that it is an honest opinion. </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><img src="http://www.taxindiaonline.com/RC2/image/stories/2393_ddt.jpeg" alt="Legal Corner Icon" width="311" height="162" hspace="5" border="0" align="left">And this is said to be a global phenomenon. Vice President Biden is reported to have slept through President Obama's 2011 Budget speech. Door Darshan will have a tough time today to focus their cameras away from yawning and sleeping members. </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">After listening to so many budget speeches, I have not been able to understand why budget speeches can't be brief and just tell me how the Government plans to blow up my money and how the FM is going to tax me further. </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Anyway the wise men have decided that Budget speeches have to be long and boring and the really interesting part comes only towards the end and the vital parts are never revealed – they are hidden in the notifications. It is said that Budget speeches are like mini-skirts: </font></p> <blockquote> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. What they reveal is interesting but what they conceal is downright fascinating. </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. What they reveal is trivial, what they conceal is vital </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. What they hide is much more important than what they reveal. </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4. What they reveal is suggestive, but what they conceal is vital. </font></p> </blockquote> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">And today all the wise economists of the country who spend more on their well-tailored suits than the rich Indian's per day spending of fifty rupees, will cry their throats out hoarse on National, Regional and local TV channels analysing every aspect of the budget except the notifications and the Finance Bill which really matter. </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Is the Budget serving only the media? May be the government can earn some pretty revenue by having some advertising slots for the budget. Even the FM can announce, "I will now take a short commercial break, but please don't go away; you may be taxed soon". Can government make some money by selling the rights for the FM's Budget telecast? </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Our only prayer to the Finance Minister is TAKE ALL THE TAXES YOU WANT, BUT PLEASE DON'T MAKE LIFE MORE TAXING FOR US. </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">If you have the time, you may like to go through the following from our archives. </font></p> <blockquote> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>1. <a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=12143">My Wife's Budget Speech </a></strong></font></p> <p align="justify"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. <a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=6902">The Budget Speech </a></font></strong></p> <p align="justify"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. <a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=10463"> Before parting...</a></font></strong></p> </blockquote> <p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Ekla Cholo re </font></strong></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>MY </strong>colleague Shailendra has written in today's <strong><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=20886" target="_blank">CobWeb</a></strong> about ‘eklacholo re' – walk alone., while discussing GST.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Click <a href="https://www.youtube.com/watch?v=yPqdlR_X1Vk"><strong>here</strong> </a>to listen to the beautiful song by Shreya Ghosal of Gurudev's lyrics. </font></p> <p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Budget - The Great Indian Hope Trick </font></strong></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IF</strong> you are solving a cross word puzzle and the question is “this would help you when you are in great trouble.” HOPE, DOPE, or ROPE. India is the land of rope tricks and nirvana and for most of us, the budget is the Great Indian Hope Trick. So much is going to be talked about and written about all that the FM is going to read from his budget today. </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">What is so important about the budget when customs and excise duties can be increased or decreased by the government whenever they want to and they have been doing it whenever they want to? </font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The whole of today you will find the "experts" in the field analyse the budget from all angles without getting into any specific issues. Inflation, balance of payments, foreign exchange reserves, GDP, deficit - all these issues will be discussed and dissected, but nobody will tell you what the budget is all about, but what the small print implies, what the notifications mean. And this is exactly what TIOL has for you. We will tell you what the budget really means, we will tell you what the great analysts fail to tell you. We will tell you what the small print in the budget means and for that small print, be with us for today and the next few days. </font></p> <p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><img src="http://www.taxindiaonline.com/RC2/image/stories/Budget_talk.jpg" alt="Legal Corner Icon" width="537" height="385" hspace="5" border="0" align="center"></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">We are not carrying <strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#006600">Jurispruden</font><font color="#FF6633" size="5">tiol</font></strong></font></strong> today, as you may not have time to bother about case law amidst the BUDGET.</font></p> <p><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Until Tomorrow with more <strong>DDT</strong></font></p> <p><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Have a nice day.</font></p> <p><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Mail your comments to</font><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif"></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> <strong><a href="mailto:vijaywrite@taxindiaonline.com">vijaywrite@taxindiaonline.com </a></strong></font></p> </body> </html>