Accountancy
`Lawconomics' for learners -- II
PERSONS prohibited from acceptance of foreign contribution under the Foreign Contribution (Regulation) Act, 1976, according to Section 4(i), are: a candidate for election; a correspondent, columnist, cartoonist, editor, owner, printer or publisher of a r egistered newspaper; a judge, government servant or employee of any corporation; and a member of any legislature/political party. Section 23(i) provides for punishment with imprisonment for a term, which may extend to five years or with fine or with both .

Book Review
Get started: 1, 2, 3...
YOU ARE currently in a well paid, secure salaried position but bored out of your skull. ``Then do something about it,'' urges Jim Green in Starting your own business. Finding out what is really holding you back often takes some time, and a good deal of s oul searching. Again, the answer may come to you in a flash. Here are Green's tips:

Budget
The big picture
HOW does one evaluate a Budget and its impact on the economy? First, one looks at the figures for the previous year's performance and ferrets for any fudge factors that make a bleak picture look rosy. One then looks at the vision underlying the Budget. I f the vision is right, one looks for a coherent macro-strategy which lends credibility to this mission. In addition, one needs to look at the assumptions underlying the projections and question their viability. And finally, through the above analysis, th e impact of the Budget on

Information Technology
E-mail wails
While e-mail has been a boon to business, it is also a very blunt instrument in the hands of some, says Simon Lone

Taxation
The tax(ability) test
IN THE following instances, the income, though derived from land, will not be taxable as agricultural income: i) sale of trees of spontaneous growth; ii) purchase and sale of standing crops due for harvest and sale; iii) lease rent from vacant land; iv) income of salt produced by flooding the land with sea water; and v) royalty income of mines.

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