The Hindu Business Line : Saturday, September 13, 2008

OPINION

INTERVIEW: Issues that tax companies
The new direct tax code that the Government is planning to introduce, to replace the current Income-tax Act, is expected to emphasise transparency and taxpayer-friendliness. Similarly, making suitable amendments in the indirect tax provisions ...

OILSEEDS & EDIBLE OIL: Edible oil: Important to keep the PDS supply flowing
Two suggestions from the recently concluded World Oilseeds and Oils Conference 2008 in Singapore deserve to be commented upon: One, the Indian Government should stop import of vegetable oils through parastatals and, two, it should re-impose ...

TAXATION: Housing needs more tax props
Incentives for development of housing projects were introduced in the Income-Tax Act, 1961 through Section 80-IB by Finance Act, 1999 w.e.f. April 1, 2000. Section 80-IB (10) is a beneficial provision giving deduction at 100 per cent of the ...

TAXATION: Casual approach to recovery proceedings
The observations of the Karnataka High Court in the M. Shivanna & Anr. vs DCIT (1008 218 CTR Karnataka 279) case should be an eye-opener for the CBDT (Central Board of Direct Taxes) with regard to the ways the income-tax ...

TAXATION: Taking the lead
The non-dom tax of a flat 30,000 British pounds or actual tax on whichever is less, with effect from the financial year 2008-09, payable on foreign income by those who have been residents of Britain for at least seven years in a block of ten ...

EDITORIAL: Illusory support
The extra-ordinary hike in the minimum support prices (MSP) of major kharif crops — coarse cereals, pulses, oilseeds and cotton — announced by the Government recently has the potential to reverse the sentiment in the food produce ...

FINANCIAL POLICY: RBI Annual Report 2007-08: Take the road less travelled
The Annual Report of the Reserve Bank of India (RBI) does not say anything new. Only a few weeks ago, the Bank had issued its quarterly reviews of policy and developments in the economy and had adequately covered all aspects comprehensively. ...

LETTERS: Nuclear treaty
The Indo-US nuclear agreement is under investigation by the US congress. If it is passed, the Prime Minister will travel to the US to sign it. ...

LETTERS: Save farmers
Your editorial “Thinly insured” (Business Line, September 12) has hit the nail on the head. Agriculture, which is the backbone of India’s economy, is vulnerable to floods, in particular. Hence, it is ...

LETTERS: Falling oil prices
It is good news that crude oil prices are falling below $100 per barrel. This has become possible due to the contraction of demand for oil because of the high prices and strengthening of the dollar against all major currencies. In the ...

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