Recent Posts

Why is Profession Tax so low when compared to the other taxes?

If you observe, the Government has increased every tax, be it Income Tax, GST, Property Tax, etc., over the years, but not the Profession Tax (PT) and it remains abysmally low. Any employee getting Rs.15,000 per month or Rs.15,00,000 per month, pays just Rs.200 per month as PT. What stops …

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Protection to Parents

Did you know there is an Act that defines the terms “Parents and Senior Citizens”? As per Section 2(d) of The Maintenance and Welfare of Parents and Senior Citizens Act, 2007, Parent means father or mother whether biological, adoptive or step-parent and includes father-in-law, mother-in-law, and grandparents, whether or not …

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Positive Pay system for Cheque Transactions

A couple of years back, on a sunny day, I received a call from my banker, Canara Bank, stating that there is a mismatch in my signature on a cheque which had come for clearing! It was no surprise to me, as I had a lot of variations in my …

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