OPINION
EDITORIAL
The waiver and beyond
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BUDGET
Sizing up the tax measures in Budget 2008
The bonanza that the Finance Minister, Mr P. Chidambaram, has conferred in the latest Budget on individual taxpayers has surpassed expectations. The exemption limit for attracting income-tax has gone up from Rs 1.10 lakh to Rs 1.50 lakh. This ...
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TAXATION
Return of prima facie adjustments
The lawmakers are known to change tax laws at regular intervals and the old decided cases become relevant because of the reincarnation of the statutory provisions. This change however keeps the subject of taxation, dynamic and interesting. ...
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Effect of service tax changes
An unknown author once remarked about taxes: “ Of life’s two certainties, the only one for which you can get an automatic extension.” Service tax in India also gets an automatic extension during Budget time every year. Budget ...
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Promoter, public disconnect
In the case of a company whose projects have not gone on stream, thus having nothing to show by way of profits, should there not be parity between the promoter and the public in the matter of price paid per share?
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GOLD & SILVER
The gold rush
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INTERVIEW
Is the ‘assessee in default’ amendment aimed at Vodafone?
Does Vodafone have something to worry about in the latest Finance Bill? Seems so, according to tax experts, who cite the proposed amendment to Section 201 of the Income-Tax Act, 1961 about ‘assessee in default’. Significantly, ...
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INCOME TAX
Revision in case of brief assessment orders
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LETTERS
Curbs on rice exports
Pragmatic Budget
From outlays to outcomes
Focus on the poor
Farm loan waiver
Spur for women
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