The Hindu Business Line : Saturday, October 02, 2004

EDITORIAL
Running well
IF THE INDIAN economy can sprint at 7.4 per cent in the second and third laps, as it has in the first, the effort will be worth a few cheers. The current account is in surplus while a higher trade deficit of $6.3 billion ($5.56 billion) indicates ... More

TAXATION
They also serve, but by making things difficult
Mohan R. Lavi on the volley of notifications on service tax More

Brand touch in tax law
T. C. A. Ramanujam looks at the emerging scene in brand valuation More

To tax all money receipts is taxing
By making receipt of any sums beyond Rs 25,000 by an individual or a Hindu Undivided Family taxable, the Finance Act aims to bring within the net amounts which are not genuine gifts but money so camouflaged to avoid tax. However, the provision covers even genuine gifts and money received from a charitable trust for medical treatment. This is unfair and the Finance Bill 2005 must rectify the situation to cover only money received from unrelated persons, says H. P. Ranina. More

Facets of losses
Can gains arise out of losses, asks R. Anand More

When milk mixes with water, won't software merge in hardware?
THE ACER India case that was decided by the Supreme Court on September 24 was about a simple dispute: When you load software onto a computer, does it become part of the hardware? If that sounds like a powerful Zen ... More

BOOKS
Market discipline can get stuck in Mint Street controls
A FAMILIAR scene in kindergarten classes is a general restlessness of children indulging in all sorts of noisy pranks till the teacher arrives to start, not with words, but with a few thundering thrashes on the table to ... More

CARTOON
Sticklish issues
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