The Hindu Business Line : Saturday, December 16, 2006

TAXATION
Service tax woes
The mutual fund industry in India has grown by leaps and bounds since evolving many years back. NAVs of mutual funds now compete with stock prices for space in financial newspapers. To the conservative investor, mutual funds have given decent ... More

First principles on seconded staff
AT&S is Europe's number 1 printed circuit board (PCB) producer, announces www.ats.net. The company, based in Austria, has factories in India (Nanjangud), China (Shanghai) and Korea (Ansan). The Nanjangud plant produces multi-layer PCBs for ... More

Transfer pricing circular endures legal scrutiny
The Delhi High Court upholds CBDT's Instruction No. 3 of 2003 advising departmental officers to take up cases wherever the aggregate value of transfer-pricing transactions exceeds Rs 5 crore. More

Taxing industries, sparing the industrialists
The policy of not taxing industrialists was taken to its logical conclusion by abolishing tax on long-term capital gains from shares only if the related transactions suffered STT. More

ECONOMICS
The Friedman legacy
In an objective assessment of the theories and ideas of Milton Friedman, ALOK RAY pays tribute to the economist who was both way ahead of his time in his impassioned advocacy of the free market and yet sometimes detached from the realities of the day . More

INTERVIEW
Tax aspects to consider before sending staff on deputation
When an Indian company deputed its staff to the foreign parent company, should it deduct tax from salary paid to the staff? This, in simple, was the question before the Authority for Advance Ruling (AAR) recently. The company in question was ... More

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Looking back
Dec. 3-Dec. 9
How an oil company milked super-profits