The Hindu Business Line : Saturday, September 15, 2007

EDITORIAL
Elusive FTA
Considering the roadblocks in the way of the India-Asean FTA, it might be a better idea to pursue individual accords with countries in the grouping. More

ECONOMY
Building on manufacturing strengths
Raising the share of manufacturing in GDP is possible, but calls for concerted action by government and industry. Indeed, it is the inadequacies and flaws in infrastructure that have hamstrung our competitiveness in manufacturing, notably in terms of high transaction and business costs, not to speak of export inefficiencies, says C.P. RAVINDRANATHAN. More

POLITICS
Turbulent monsoon session
The Government stuck to its stand on ruling out any JPC on the nuclear issue, pointing out that no international agreement had been subjected to Parliament’s scrutiny or ratification in the 57 years since the Constitution came into force. More

TAXATION
Overhauling the service tax regime
Milton Friedman remarked “Inflation is the one form of taxation that can be imposed without legislation.” The labyrinthine service tax provisions in India have also had a small impact on inflation though the set-off of Cenvat credit ... More

WTO
Time to focus on trade facilitation
More

INTERVIEW
Vodafone: A case of taxman lifting ‘the corporate veil’ Detaxification
In the case under discussion, the transfer is of shares of an investment company situated outside India and, as such, should not be liable to tax in India. More

INCOME TAX
Economic criteria in the AIR
The six-by-one economic criteria for mandatory filing of income-tax return, launched with a lot of fanfare, made a tame exit last year. In any investigative setup, including the income-tax department, the capacity to dwell deep into the matter is ... More

Putting forms to the acceptability test
Through a Notification, No.SO762(E), dated May 14, 2007, the Central Board of Direct Taxes introduced eight new return forms to be filed by various categories of assessees for the accounting year 2007-08. These returns are valid for one ... More

LETTERS

Raising money

Bank loans

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