The Hindu Business Line : Saturday, May 05, 2007

EDITORIAL
Not properly Budgeted
The changes to the tax structure now proposed suggest that the Government did not do the minimum homework initially. More

AGRICULTURE
Agro-commodities — Power of the G and H factors
The grower lobbies and the health factor positioning are important vectors affecting the demand for agro commodities in an increasingly competitive global market. Together with pricing and incomes, they play a vital role in shaping supply, demand and trade, and give a complete picture of what the market for an agro commodity, can or will look like, says GIRIJAA UPADHYAY. More

TAXATION
Portals are virtual permanent establishments
A foreign company that provides a portal with servers would attract tax liability in India if access to these is provided to Indian parties for a fee. More

Capital gains, with a proviso
The rate of tax on long-term capital gains arising to a non-resident would depend on the indexation, as provided in Sections 48 and 112. More

Restricting Tribunal's power of staying demands is unjust
The Tribunal is an important judicial forum and to restrict its power in the matter of grant of stay of demand during the pendency of appeals before it, is a serious intrusion in its functioning. More

Cash no longer carries
The Finance Bill, 2007 amends Section 40A(3) to restore the old law of 100 per cent disallowance of payments made otherwise than by an account payee cheque/draft. More

MANAGEMENT
A tryst with trust
People lead their lives on trust relationships. When driving on a road, they trust other people to follow traffic rules. When buying provisions from a grocery stores, they expect quality goods at a price, which ... More

INTERVIEW
`Doubtful if employers would think of FBT recovery on ESOP'
"In addition, the employers will have to go through the hazard of claiming it as revenue expenditure under the umbrella section 37(1) of the Income-Tax Act. More

INCOME TAX
Time to settle it once and for all?
The Income-Tax Settlement Commission Bar Association (ITSCBA) has taken up cudgels for the taxpayers who are caught with their pants down. As it is, one can seek the sanctuary of the Settlement Commission at the first hint of trouble from any ... More

LETTERS

Switching to CFLs

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Union Budget 2007-08

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