I've started what I call the really nightmare time of the financial year. I don't have a problem paying taxes, but can someone, please make sure there's a logic and ease to it all.
Take tax deducted at source, I have now to start deducting that for all consultants working with us. Ok, after you keep track of all of that including your income, you find that the payment for a telephone bill owned by a company is going to be levied a fringe benefit tax. Since when is a telephone, a landline from BSNL a fringe benefit for any company, it's a basic necessity. So the other minister at the Centre brings down rates of BSNL lines gloriously, then you find you have to pay as much as ever thanks to fringe benefit tax! It might have been better if it were straightforward termed as costs of a call with tax built in. At least we'd all be careful and thoughtful instead of acting like the greedy consumers we are turning out to be.
I've decided to take a break and grow a fringe instead!
And if anybody has any suggestions about how we can sell music downloads online in India, please do write in.