Monday, July 6, 2009

Budget 2009-2010

Today at 11 am, pranab mukherjee presented the budget for FY 2009-10. In the budget, he has proposed to levy a service tax on the legal consultancy services provided by the commercial bodies (law firms) to other commercial bodies (companies etc). Thank fully, the services provided by the individual practicing lawyers to other individual litigants have been spared.

I being a lawyer, strongly believe that the tax on this noble profession is highly unjustified. In his speech, the Hon'ble Finance Minister mockingly stated that he differed in opinion on this with the previous FM (chidu, a lawyer himself). Chidu had abstained from imposing a service tax on this service as he believed that the services of a lawyer are not exactly 'services' per se. I would stand by chidu on this. Chidu understands that this profession is not exactly a commercial profession. Lawyers are the guardians of justice and assist people (whether individuals or commercial bodies) in fighting for their rights and against any injustice that may be done to them from the State.

11 comments:

Sameer Jain said...

i like the undertones of sarcasm in it... and also Chidu!!!!

Dhruv Jain said...

There's more to come baby

NJ said...

"guardians of justice " ??? was that where the sarcasm was!

Dhruv Jain said...

Na Bobo there is no sarcasm and if it is there it was unintended....beboo read it into my words...

Sameer Jain said...

yes sadly yes..!! the sarcasm was exactly there..!

Dhruv Jain said...

wat is so sad in there....I mean we are the guardians of justice....atleast on paper.... ;)

Kage01 said...

Nice one Micks!

Vibhor said...

Chidu! ...hehe.

but no tax on multi-millionaire firms? how long can u keep any govt. from that sort of money?

Dhruv Jain said...

In agreement with you Vibhor...if we cant get a part of it...better the government gets it...and it MAY be used for our benefit....

Unknown said...

dj hmmm.. really dont know what to comment but really unlike you this blog appears to be serious...bt im sure its gonna be like your forwards pretty soon.... assisted by chacha.. ;)

Unknown said...

dj hmmm.. really dont know what to comment but really unlike you this blog appears to be serious...bt im sure its gonna be like your forwards pretty soon.... assisted by chacha.. ;)