The Hindu Business Line : Saturday, April 01, 2006

O, in what sweets dost thou thy sins enclose!
Sweets with sweets war not, joy delights in joy, sang the Bard in a sonnet. But sweets may war with taxman, as one saw in a recent case before the tribunal: Swan Sweets Pvt Ltd, Makson Foods Pvt Ltd, Makson Confectionary Pvt Ltd and ... More

For smoother appeals
The first appeal proceedings need streamlining More

Retrospectively unfair
Taxation of long-term capital gains requires fine-tuning More

Huff and puff over PF
Corporate sector is incensed over change to PF law More

TERRORISM

Tackling extremists
On Friday two newspaper reports indicated clearly that the Centre is taking the Naxalite threat seriously and contemplating long-term measures to tackle it. Some may argue that too much attention given to the ... More

ECONOMICS

Economic growth is about better life for individuals
Economics is about people — something that economists have done a very bad job at explaining. To help you see the world like an economist, and become a savvier consumer and voter, Tim Harford offers The Undercover Economist. D. MURALI terms the book an ideal read to start the new fisc with. "A normal person looking at an economist wouldn't notice anything remarkable. But normal people look remarkable in the eyes of economists." More

INCOME TAX

Taxing windfall gains
Any amount in the nature of a windfall and not likely to recur cannot be brought under the ambit of taxation. The only exception is where certain receipts are deemed to be income by a fiction of law. Courts have emphasised that the onus of proving that an amount is in the nature of a casual receipt is on the tax-payer. More

• Personal Computing resouces • Hawaii Vacations - Hanalei Bay Resort

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