Friday, August 27, 2010

DTC - Direct Tax Code - What does it mean for you and me?

DTC is all over the Indian media scene. The government had announced its intention revamp the archaic tax code that has been in use in the country for the last 50 years.

So, the question that comes to my mind is - What does it mean for you and me?

Tinkering with the rates of taxes is something that the government does every year, there is nothing new in it.

Overhauling of the DTC is all how the government will go about calculating and collecting its tax revenue.
The objective of DTC is to  bring all direct taxes like income-tax, dividend distribution tax, fringe benefit tax and wealth-tax to "establish an economically efficient, effective and equitable direct tax system which will facilitate voluntary compliance and help increase the tax-GDP ratio".

To achieve this objective the government is setting out to update and rewrite the outdated rules in the income tax. It is designed to provide stability in the tax regime as it is based on well accepted principles of taxation and best international practices. It will eventually pave the way for a single unified taxpayer reporting system.

Saturday, August 14, 2010

Hats off to Aamir Khan

Really Hats Off!!

Aamir certainly knows what the audience likes and one step more he also knows how to deliver it. The guy has been delivering hit after hit, be it his own production or somebody elses. Lagaan, Taare Zamin Par, Ghajini, Three Idots and now Peepli [Live].

The choice script by Aamir is very good. His films have always had strong content, content that he himself appreciated and knew would be appreciated by the audience.

As the saying goes "Content is King". If content is up to the mark, half the ladder to success has already been climbed. Supported with good direction and good acting, it is a sureshot formula for success.

This point was more than proved in his last release Peepli Live.
  • A film by a debutant director.
  • A film with almost no known star face.
  • A film with a real down-to-earth story - well researched story.
  • A film with content that the audiences could immediately connect to - at least audiences who have seen the rural environment of our country.
Good content was able to live up to the hype that was created around the movie before its release.

Once again - hats off to Aamir Khan for his ability to recognize good content.