OPINION
EDITORIAL
Pipeline glitches
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ECONOMY
Economy: Growth drivers getting more broad-based
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US economy in real trouble?
The problem arising from defaults in home loans in the US is assuming global proportions. Simply put, these loans were mostly given to poorer people and hence placed in ‘sub-prime’ category. These borrowers are unable to make ...
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INFRASTRUCTURE
Autonomy goes with accountablilty
Financing infrastructure development
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TAXATION
Signal decoders in the tax code
This week the apex court had to decode a case about signal decoders, when deciding Commissioner of Customs, New Delhi vs C-Net Communication (I) Pvt Ltd.The dispute was whether these gadgets, used by cable operator for ...
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Asset ‘appreciation’
Suppose a machine was imported for one lakh US dollars when the exchange rate was Rs 45 per dollar. Both in the accounting records as well as in the tax records, the transaction would have been recorded debiting the asset concerned with Rs 45 ...
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INTERVIEW
How ‘export of services’ is mired in tax complexity
Service exporters have something more to worry about than rupee appreciation: the lack of clarity on the service tax front. “Not something that augurs well for the growth of the Indian economy,” ...
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INCOME TAX
Liability for TDS
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LETTERS
Needless burden
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