Commerce Graduate by Education and Chartered Accountant by choice.
"Without freedom of thought, there can be no such thing as wisdom and no such thing as public liberty without freedom of speech" - Benjamin Franklin
My work involves Statutory audit assignments with MNCs in Pharmaceutical, Automobile, Logistics, FMCG and Retail Sector. My key skills are being a team player, having a positive attitude, adaptability to change and being creative. My interests include reading, travelling, following news and sports especially football, tennis and cricket.
Apart from the above I participate in Corporate Social Responsibility Initiatives and publish articles on relevant current topics mainly in Finance and Taxation on reputed online portals.
Link: https://craig-dsilva-on-demonetization.law.blog/
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Showing 1 to 5 of 5 Results
Language change: WhatsApp-era slang like 'What's up' reshapes greetings and raises debate over linguistic standards.
Use of 'What's up' as a greeting has supplanted earlier openings, creating rhetorical exchanges with no fixed response; its spread via chatrooms, gaming and social media marks in-group membership and informal register. Debate contrasts fears that slang erodes proper language with linguists' view of natural language change, concluding that impact depends on user context and urging care to preserve core meanings while recognising evolving usage. (AI Summary)
Other Topics
Aadhaar linking as a privacy restriction may be upheld, enabling mandatory linkage and limiting private remedies against the State.
Aadhaar linking raises whether compulsory biometric linkage to services and identity documents satisfies the constitutional right to privacy when assessed as a reasonable restriction. The government will defend mandatory linkage by reference to unique identity and welfare delivery, while framing Aadhaar provision and associated activities as sovereign functions, limiting private suits and potentially insulating such activities from non sovereign liability concerns. (AI Summary)
Corporate Laws / IBC / SEBI
Phillips curve trade-off implies monetary policy must balance inflation and unemployment after demonetisation's growth shock.
The Phillips curve posits a short-run inverse trade-off between inflation and unemployment that central banks use to forecast inflation and set monetary policy. Recent RBI-linked analysis finds a conventional Phillips relationship for core and headline inflation. Post-demonetisation GDP slowdown and lower inflation suggest rising unemployment under this framework, compelling policymakers to balance money supply adjustments to maintain unemployment near the non-accelerating inflation rate and to protect financial inclusion, while recognising that measures like ease-of-doing-business rankings may not reflect demonetisation's business impact. (AI Summary)
Corporate Laws / IBC / SEBI
Income tax rate reduction proposed to ease inflationary burden and reward compliant taxpayers ahead of electoral cycle.
Proposal that the income tax rate be reduced to 15% is advanced as a policy response to demonetisation, GST rollout, and inflation; increased compliance and revenue mobilization are said to justify passing benefits to honest taxpayers through lower direct tax rates, while GST rate convergence is identified as a related but more complex reform requiring longer study. (AI Summary)
Income Tax
Indirect tax burden increases recreational spending as GST raises consumer costs and affects tax incidence on leisure.
An illustrative household analysis demonstrates that GST raises consumer costs on leisure and recreational activities, yielding an estimated net increase of about five percent in quarterly recreational spending. The comparison uses pre GST effective average tax rates (entertainment tax, service tax, VAT and local levies) versus GST rates across typical weekend expenditures, showing itemised shifts and an aggregate rise. The note underscores that GST is an indirect tax passed to consumers and frames the rate structure debate-multiple rates to reduce regressivity versus a single rate raising absolute burdens on higher spenders-as central to distributional outcomes for recreational consumption. (AI Summary)
Goods and Services Tax - GST
TaxTMI 
TaxTMI 
09 Apr 2018 