Thursday, October 11, 2007

Fun story!

I read this story in yesterday's Hindustan Times and thought since so many words were once wasted on IIPM (almost exactly two years ago), it deserved a link!
The crux of the story is that Ponytail's institute has been served a Service Tax notice of Rs 17.5 crore. This is the interesting line - "According to the service tax law, commercial coaching institutes providing education or coaching leading to any qualification not recognised by the government are liable to pay service tax." Hmm, I guess plans to upgrade the Continental GT will have to wait a while.


thalassa_mikra said...

He's already tired of the electric blue? I love this - between him and Sahara-shri, we Bongs are producing our own breed of trashy rich.

Wonder what goaded the Tax guys to get on his case - he has enemies in high places?

Anonymous said...

you should see the new campus that is almost complete on SV rd, khar !!! no wonder I-T is interested !!!

- Bona