- September, 2013
- Posted by: admin
- Category: Uncategorized
‘Kar Lo Duniya mutthi mein’ (get the world in your fist) was a slogan coined by a leading Indian Telecom company in the last decade when they launched mobile services and vowed to empower every Indian with connectivity. From ‘around the world in 80 days’ to anywhere in the world in less than 80 seconds, technology has brought the world to our fingertips. From the comfort of your home you can access different places across the world but unless you set foot you cannot experience a place, its culture, its people, its language, its cuisine, its weather, its history, its geography etc. Experience, travel – these are as education in themselves. Therefore while technology can ease travel, it cannot replace it. As Burton Homes said “To travel is to possess the world”. Why this prelude to travel? Because 30th September was World Tourism Day.
As for tax professionals and corporates here in India, September is a busy time with tax returns filing, tax payments, accounts finalization, audit, annual general meetings etc. To top it, this season we have had a deluge of notifications enforcing parts of the new Companies Act as also draft Rules to review. Needless to say we are facing piquant situations trying to figure out if a provision is applicable from the old Act or the new one, always hoping the new one is not yet effective.