| Topic : Impact of Budget on Five Major Sectors |
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Activity:
22 views;
last activity : 07 06 2010 20:18:09 +0000
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NEW COURTS AND EXPECTED TAXATION
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Lawyers to face a miserable condition
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I agree with Thakur. In Bombay also many branches of the courts are opened at locations far from the main branch, which has reduced the work in each center of courts. The lawyers have to give up the matter transferred to another branch since it is impracticable to run from one center to another i.e. from one croner of the city to another. The burdan of Service tax is going to affect the individual lawyers also in near future. Though this way many junior lawyers have been benefitted with briefs which is a good sign. However the reducing work results in increase in fees collection and which will definitely cause it to be taxed a vicious circle wil develop. |
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As to my opinion i think that eventhough individual lawyers have been kept out of the purview of the tax, it is feared that in years to come, they might have to face a huge pay of their income in form of service tax. |
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