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EDITORIAL
Energies of competition
The positive lessons of competitive play in the telecom arena must be taken to other sectors. More

ECONOMY
Damn not the market
To tread the path of development, the country needs to adopt centralised, capital-intensive technologies. More

TAXATION
Animation creates illusion of life
There's a lot of action in the animation field. Intel Capital, the venture capital investment arm of Intel Corporation, has announced an investment in Real Image, a Chennai-based digital technology solutions provider for the film, video, audio ... More

Disallowing ERP expenses can be costly
Treatment of expenditure on such areas as ERP need to be in line with the changing times. More

REAL ESTATE & CONSTRUCTION
`Adventurous' property deals
Real-estate development has serious tax implications and litigation becomes inevitable as the Tax Department generally interprets facts to treat the transactions as an adventure in the nature of trade so that a larger amount of tax can be assessed. More

INCOME TAX
A tax leg-up for bank deposits
The latest tax incentives will make bank FDs even more attractive and provide a rival investment platform to mutual funds. More

`Judged' not taxable
Fees of an advocate cannot be taxed as income under the charging sections of the I-T Act after his elevation as a judge. More

BOOKS
However big the loss, true gamblers will survive
The Poker Face of Wall Street, by Aaron Brown, is all about how to gamble and win. Risky read, you may feel, says D. MURALI, but the author's emphasis is on managing risk, not minimising it. More

Top Stories
`Rlys has to be transparent in increasing passenger fares'

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