Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: due date for vat payment :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: VAT Audit :: articles on VAT and GST in India :: empanelment :: cpt :: form 3cd :: list of goods taxed at 4% :: TDS :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT
General »
  Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 30, 2016)
 Cases for tax scrutiny will be selected by machines
 Time to revisit 1997 direct tax rates, says P Chidambaram
 Lok Sabha passes Bill to tax black money deposits post demonetisation
 Last day to pay property tax with old notes
 Income tax department asks IDS declarants to pay tax by 30 November
 Why PM Narendra Modi must beware of the breathtaking Arthakranti tax
 Japanese firms seek easing of restrictions on funding in India
 Tax on black money: How the cookie will crumble
 Income tax officials say raids on jewellers based on 'credible intelligence' proving fruitful
 Exchange window being misused, government forced to reduce limit to Rs 2000, says Arun Jaitley

Bags, no taxes and a 'foreign ka minister'
August, 01st 2011

"You don't want the attention to focus on the frivolous," Pakistani foreign minister Hina Rabbani Khar told British newspaper Guardian on her return from India. "A guy in my place would never get such attention; nobody would be talking about his suit. I refuse to be apologetic about it; I will continue to be who I am," she said.

Former foreign minister Yashwant Sinha had worn a Brioni suit on one of his visits to the US, which w a s commented upon by the cognoscenti in New Delhi, probably the first time an Indian foreign minister wore such a high-end brand.

Mayawati, the UP chief minister, too is enamoured of her brown bags - not Prada, Fendi or Louis Vuitton - and has made sure they remain a permanent memory, occupying an important place in her numerous statues. But whatever the verdict might be regarding her state of probity, Mayawati has at least filed her income tax. Not for Hina Rabbani Khar, or as she is now known on Twitter, HRK.

The media attention that Khar attracted was largely because of the fact that her accessories were conspicuous by their expense and that it was so incongruous.

For anybody who knows anything about Pakistan, its economic travails are now legendary. While the country lives off international aid, its abject failure to tax its own citizens causes massive distortions, its tax-to-GDP ratio is barely 9%.

The World Bank is trying to get Pakistan to increase its tax revenues, with little effect. The US Congress is currently working on laws to compel Pakistan to tax its own people.

According to the Pakistani media, which obtained tax statements filed by Yousuf Gilani government's ministers, 25 of them, including finance minister Hafiz Sheikh and Khar, do not pay income tax. Khar, according to her nomination papers, said she's only paid agriculture tax, which in Pakistan as in India is ridiculously low. Khar and her former boss, finance minister Hafeez Sheikh, both paid agriculture tax well under Rs 10,000 - Sheikh around Rs 9,500 and Khar around 7,500.

A Pakistani media report listed Khar, Abida Hussain, Zulfiqar Khosa, Makhdum Mehmood, Wasim Akram and Inzimam-ul Haq as people wanted by the Lahore excise office for not paying excise duty on their luxurious cars. Khar reacted angrily to questions regarding the coverage of her fashion in Indian dailies and TV channels, saying, "You see, paparazzi are everywhere. Besides, you (media) should not do such acts."

In Pakistan, her profile has shot up, but not all of it is complimentary. For instance, social commentator Moni Mohsin tweeted, sarcastically calling Khar a "foreign ka minister". "If HRK is style acorn because of her Birkin, then I tau shd be full fudged oak tree with my Choos and my Mui Muis and my Dior vaghera, no?"

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Integrated Software Solutions Integrated Software Development Integrated Software Services Integrated Software Solutions India Integrated Softw

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions