India Broadband Forum Feed

OMGZ.

Welcome to Steam

Likewise :D Diana too, looks pretty..!

There are relevant deductions, but such deductions do not include what is a fundamental cost of running the business. That would be like only paying tax on your income after accommodation, food, utilities etc. That's why tax is deducted at the source, before you even get the chance to spend it on all of these things (yes, I'm aware you can get tax credits on your mortgage and savings schemes and so forth but it's not the same thing as while it does lower your overall tax rate, it doesn't put you on a lower tier or anything like that).

Your post seemed to be implying that AGR was calculated as a more-or-less net figure (=income - expenses) which is not the case - AGR is, however, defined in the ISP license as income after service/sales tax, roaming revenue

Yes, basically. The idea is to reduce liabilities as much as possible.

If a company doesn't make a profit, guess how much tax it pays?

Why do you think so many large companies - not just in India - have operations in low-tax jurisdictions and pass off their incomes as being *in* those places to avoid paying so much tax in high-tax jurisdictions? Or why group companies (which most Telecoms are or are part of) often have LAQCs (loss attributed qualifying company) in order to basically sink money in to so as to apparently reduce the profit (on paper) of the really profitable parts of the group?

Some call it avoidance. Some call it evasion. Others all it efficient tax planning. But you do need to stop calling the license fee a tax, as the license fee is not paid to the IT department.

I can't find mention of termination charges being deductible in any of the license agreements. Care to point me in the right direction?

I'm aware of that, however the claim is that 90% of costs of doing business are deductible from the overall license fee liability, which causes one to wonder whether they can tell the difference or not.

Watched this one yesterday, except Ajay Devgn's performance and his translations, it was pretty much a bore.

Btw, people who loved Abhishek Bachchan in Dostana should see this one out for him :D

Google Maps expands biking direction data for Australia and Europe

Google Plus allows you to transfer your contacts from one account to another!

Its sad most part of India is struggling with low download speed :(

just register on CRM then u can change password