The Hindu Business Line : Saturday, May 30, 2009

OPINION

EDITORIAL: Full Government at last
It has taken longer than usual but, finally, India has a full Government in place with 78 ministers, including the 19 sworn in on May 23. The upward age bias in the Cabinet — the average age of the first batch was 65 — has ...

RURAL DEVELOPMENT: Cash or work: What do people want?
In analysing the mandate of the 2009 elections, and acknowledging the importance of the “aam aadmi” agenda, the National Rural Employment Guarantee Act (NREGA) is becoming a common focal point, with even the Left and the BJP ...

TAXATION: Tax signals crisscross broadcasting
Consider these examples of cascading effect of indirect taxation: A television channel company acquires satellite rights of a blockbuster movie from an Indian company, such rights being in the nature of ‘copyright’, would attract ...

TAXATION: Transfer of capital asset
In CIT vs Grace Collis, the Supreme Court held that “the definition of ‘transfer’ in Section 2(47) of the Act is an ‘inclusive’ definition and, therefore, extends to events and transactions which may ...

TAXATION: Depreciation on intangibles
Gone are the days, where the assets of a company would typically include tangible assets (or so to say traditional assets) such as plant, building, furniture, office appliances, etc. In the present day business environment, intangibles ...

INCOME TAX: I-T with a human face
The income-tax law is a nightmare as much for tax-evaders as it is for honest taxpayers. In the event, it is demonised by both. While it should remain a demon for tax-evaders, it should acquire a human face for honest taxpayers. One hopes the ...

TAXATION: Validity of audit objections
Of late, a spate of reassessment proceedings have been initiated as a result of audit objections. The moment the audit party raises an objection to the assessment made by the assessing officer (AO), the tax authority, as a matter of ritual, ...

LETTERS: Inflation misery
Although inflation has receded to lowest levels all over the country, the life of ordinary citizen has become miserable in as much as it has become very difficult to make both ends meet. Prices of foodgrains, oils, milk, vegetables and ...

Columnists: • C Gopinath • Harish Bijoor • G Chandrashekhar • S Murlidharan • Sharad Joshi • Mohan Murti • S Balakrishnan • Bharat Savur • B S Raghavan • Ganesh Challa • Bhanoji Rao • Swati • T Banusekar • Ramanujam Sridhar • Ranabir Ray Choudhury • Rasheeda Bhagat • P.V. Indiresan • P Devarajan • S Muralidhar • R K Raghavan • B Venkatesh • S Venkitaramanan

Comments & Letters to the Editor to: bleditor@thehindu.co.in
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Markets (May 29)

Nifty (at close)	4,448.95(+111.85)
US Dollar (Buy/Sell)	47.07/08
Brent crude (a bbl) Rs	3,113
Gold (a gram) Rs	1,372
Silver (a kg) Rs	24,865

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