The Hindu Business Line : Saturday, September 20, 2008

OPINION

TAXATION: Judicial definition of book profits
Minimum Alternate Tax (MAT) has been in the statute book for 20 years now. The concept of book profits to be arrived at in the case of zero taxpaying companies has been agitated at various levels. The Supreme Court ruling in the ...

EDITORIAL: Expanding financial inclusion
More than two years after Finance Minister, Mr P. Chidambaram introduced financial inclusion into the country’s economic lexicon and the Reserve Bank of India turned it into a policy for banks, how have the attempts worked? Mrs Usha ...

INTERVIEW: Extend the tax holiday for SMEs in IT
Even as those in the IT (information technology) industry clamour for tax incentives, others wonder if IT has not matured enough to be able to sustain itself without any further fiscal support of tax incentives from ...

INTERVIEW: Reduction in tax compliance burden, the most pressing need for corporates
Companies today consider compliances as a top priority item, says Mr Ajay Kumar, Executive Director, PricewaterhouseCoopers. "Companies feel that going forward there will be an all-round increase in the challenges they face today covering ...

TAXATION: Muddled common expenses regime
The Income-Tax Act, 1961 spares certain incomes from tax liability. There can hardly be any scope for doubt or dispute had such cases been straightforward — the expenditure in respect of activities giving rise to such income being unique ...

INTERVIEW: Franking boosts ranking
Doing business in India is not getting easier. Our rank in the World Bank's recent report `Doing Business 2009' (www.doingbusiness.org) is 122, a fall from 120 last year, in a list of 181 countries, ending with Congo. Among the countries ahead ...

ECONOMY: Centre-State relations — Breaking newer ground
After nearly a decade of attempts to restructure the finances of State Governments, the task before the Thirteenth Finance Commission, whose tenure begins in 2010, is to take stock of achievements and mistakes and chart a modified ...

LETTERS: 3G spectrum auction
The Minister for Communications is confident that 3G spectrum auctions will bring in thousands of crores of rupees to the ...

LETTERS: Supermarket banking
Apropos the article “Investment banks should be more like supermarkets” (Business Line, September 19), the problems engulfing the financial markets can, in fact, be traced to the super-market like nature ...

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Markets (Sept 19)

Nifty (at close)	4245.25(+207.10)
US Dollar (Buy/Sell)	46.34/35
Brent crude (a bbl) Rs	4,238
Gold (a gram) Rs	1,165
Silver (a kg) Rs	19,475

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