The Hindu Business Line : Saturday, November 25, 2006

EDITORIAL
SEBI's salvo on IPO scam
There is merit in SEBI's contention that both the DPs and depository institutions could have easily ascertained what was going on had they cared to find out. More

TAXATION
Service tax wants to be in the cocktail
The Revenue is trying to target alcoholic beverages by taxing contract-bottling under `business auxiliary services'. More

Deduction of knowledge-based incentives
From assessment year 1999-2000 onwards, depreciation is allowable on certain specified intangible assets. More

Tax on the trail of chatterbot charges
"Have you been chatting with your computer lately? Wouldn't it be a major achievement to stop clicking our way through the Web or complex programs and get answers in the same way we talk to a colleague ... More

MANAGEMENT
India Inc: The new turnaround specialist on the block
Over the last decade India Inc has proved its mettle on the global stage, not just by zealously acquiring companies but, more importantly, turning them around. These turnaround stories are making it easier for Indian companies to raise money in inter national markets, backed by greater credibility and their unique value-creating management expertise, says AJAY KHANNA. More

INCOME TAX
A raw deal for salaried
I am not a party pooper which several of my angry geek-friends described me as when I wrote in these columns wondering why the employee stock option scheme, particularly popular in the IT sector, begets the taxman's indulgence. This time round it ... More

Choice of place of assessment
The assessee cannot have the choice of asking for a particular officer or a place for the assessment to be made. More

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