Articles tagged: "diwali"

1: Diwali (Deepavali) Celebration in India

Diwali is a five-day festival, which occurs on the 15th day of Kartika (October/ November). During this festive season, homes are thoroughly cleaned and windows are opened to welcome Laksmi - Goddess of Wealth. Candles and lamps are lit to greet Goddess Laksmi. Gifts and sweets are exchanged and festive meals are prepared during Diwali.

2: Fringe Benefit Tax

It is true that for the first time in India a new tax as Fringe Benefit Tax or FBT has been levied on the tax paying public consequent to the provisions contained in the Finance Act, 2005. The tax is levied upon the gifts that are given by the employer to the employees and to its business assoc