 |
|
|
Two cops suspended
VAT turns businessmen to CAs
Schoolchildren brave fog
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
GND varsity foundation day today
Traders protest
|
|
Two cops suspended
Kapurthala, November 23 Earlier, both the policemen were arrested and an FIR under Section 336 of the IPC was registered against them at the city police station. According to information, the policemen belonging to PCR team `Romeo No 2’ were returning to the city after performing duty at Bhawanigarh village. They stopped at Markfed Chowk for drinking, and subsequently fired in the air about 9 pm. Panic-stricken shopkeepers and residents of the surrounding localities ran for cover as Baljinder fired in the air. Meanwhile, the police was informed and the two drunken policemen were arrested and their service weapons were taken into their possession. The two policemen were released on bail today. |
|
VAT turns businessmen to CAs
Phagwara, November 23 Chartered accountants have become the most sought after professionals as businessmen face difficulty in understanding the value added tax (VAT) and correct evaluation. Dinesh Singla, a chartered accountant, says, “People are not clear about the intricacies involved in VAT. They have to rely on professionals like chartered accountants and we are expecting a business growth of 15 per cent and 20 per cent.” Businessmen falling within the purview of VAT are facing problems related to billing, sales tax number to TIN conversion, VAT returns and VAT audit. Singla says, “For taking Input Tax Credit (ITC), the assessee has to file party-wise purchase details i.e. bills, hitherto conspicuous by its absence in the sales tax regime. Also, people want to avoid hassles included in the TIN and filing VAT returns as the paper wok has increased enormously because of complex formalities.” Another Jalandhar-based chartered accountant, Vijay Lamba says, “VAT is a self-assessment tax and as people are ignorant about minute details. So, they turn to us. Moreover, nobody wants to be on the wrong side of the pool in the beginning. So they have to take help of the professionals.” He also adds, “With the introduction of the VAT regime, paperwork has increased, and the veracity of their returns will be checked through random or selected scrutiny.” Officials reiterate that the fear on the part of consumers and several businessmen is uncalled for. Instead it would help simplify the indirect tax system, reduce tax evasion, bring transparency and enhance tax neutrality. With new software evaluation of VAT has been simplified manifold, they added. Man booked
The Phagwara police booked a man, along with his parents, for beating up his wife, mother-in-law and brother-in-law at their house at PSEB Colony here on Wednesday night. Satya, mother-in-law of the accused, lodged a complaint with the police stated that her daughter Rekha was married to Varinder Kumar, a resident of Bara Pind in Goraya, in 2001. They have a son. At the time of the marriage, she gave Rs 5 lakh to Varinder for a car along with other dowry items. But after 15 days of the marriage, Varinder and his family members started harassing Rekha for more dowry, she alleged. |
|
Schoolchildren brave fog
Phagwara, November 23 The visibility was just 100 metres on the Phagwara-Jalandhar and Phagwara-Phillaur National Highway. Several long distance passenger trains passing through Phagwara were running behind schedule. The fog cleared later. |
|
GND varsity foundation day today
Amritsar, November 23 Eminent historian and former Vice-Chancellor of the varsity, Dr J. S. Grewal; former Chairman of Punjab Arts Council, Padma Bhushan (Dr) Sardar Anjum; and noted German expert on Indology from Germany, Prof Monika Boehm Tettelbach, would speak on the life, teachings and philosophy of Guru Nanak Dev. An inter-college folk art exhibition on Punjabi heritage and culture would be organised where students would display rare folklore artifacts, old utensils, Punjabi dresses, ornaments, weapons in this exhibition. An inter-college still photography and on-the-sport painting competition were organised today. The photographs would be exhibited in the Khalsa Heritage Centre. The university will give 50 per cent discount on all university publications for which a sale counter has been put up near Bhai Gurdas Library. Bhog of akhand path and shabad kirtan would be held at the campus gurdwara by Hazoori Ragi of Sri Darbar Sahib Bhai Lakhwinder Singh. Youth festival from
November 25
The two-day zonal youth festival for educational colleges of Guru Nanak Dev University, Amritsar, will begin on November 25. Mr B.S. Sekhon, Director, Youth Welfare, said more than 500 students from the B.Ed colleges affiliated to the university would participate in various categories. |
|
Traders protest
Jalandhar, November 23 The dharna was organised by the Trade and Industry cell of the Bhartiya Janata Party and was led by BJP leaders, including, Mr Shiv Dayal Chugh, the district president of the BJP, and Mr Ravinder Dhir. Addressing the gathering, Mr Chugh and Mr Dhir alleged that the VAT based system had embroiled traders and businessmen in a web of intricacies as they have to submit C-form and other forms along with VAT return. They demanded that VAT return and C-form should be de-linked as far and there should be no deadline for submission of the C-form. |
|
3 killed in mishaps
Hoshiarpur, November 23 |
|
| HOME PAGE | |
Punjab | Haryana | Jammu & Kashmir |
Himachal Pradesh | Regional Briefs |
Nation | Opinions | | Business | Sports | World | Mailbag | Chandigarh | Ludhiana | Delhi | | Calendar | Weather | Archive | Subscribe | Suggestion | E-mail | |
