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ECONOMY: Din over monetary policy
I frankly cannot figure out the frenzied excitement of the commentariat (the new buzzword denoting the entire community of commentators) every time the Reserve Bank of India (RBI) Governor, Dr Y.V. Reddy, periodically busies himself with the ...

INCOME TAX: Diluted check on the cash route
The provisions of law are drafted with multiple objectives. One of the provisions meant to regulate taxpayers relates to acceptance and repayment of loans and deposits. Section 269 SS of the Income-Tax (I-T) Act mandates acceptance of loan only ...

TAXATION: A concrete ruling on intangible assets
Indian tax law brings to tax all income accruing or arising, directly or indirectly, through/from any property in India or from any asset or source of income in India or through the transfer of capital asset situate in India. ...

BOOKS: Tax planning avenues in transfer pricing
Transfer pricing (TP) provides a tax planning opportunity to enterprises, within the limits of applicable laws, states Transfer Pricing Law and Practice in India: A fine print analysis prepared by experts in Deloitte Touche ...

EDITORIAL: Cleaning up the oil slick
The Report of the High Powered Committee on Financial Position of Oil Companies, headed by Mr B. K. Chaturvedi, Member, Planning Commission, is notable for its in-depth analysis, reform-oriented approach and recommendations that are practical and ...

LETTERS: Bank mergers
The UPA Government is going ahead with the move to merge public sector banks, especially SBI’s associate banks with the SBI. And bank employees and officers are going to strike work on August 18 and 20, as part of a series of agitations ...

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