The Hindu Business Line : Saturday, September 01, 2007

FOREX
Remembering the financial earthquake
When the devaluation in Thailand took place in July 1997, following the floatation of the baht, no one imagined it would transform into the epicentre of a financial earthquake, affecting not just the region but even countries as far-flung as Russia, Brazil and Argentina, say D. SAMBANDHAN and S. S. TABRAZ More

POWER
‘Buddy, where is the catch?’
More

INCOME TAX
Guarding the chicken from a hungry taxman
In King Henry VI, York speaks of ‘an empty eagle set to guard the chicken from a hungry kite’, and Queen Margaret laments, in response, “So the poor chicken should be sure of death.” No different, you’d ... More

Recast, don’t repeal, the Income-Tax Act
Should the existing I-T Act be replaced by an altogether new Act or should changes be brought in the present Act itself? The latter may be preferable to avoid transitional problems. More

Neutralising taxable gains with pre-arranged loss
A Karnataka High Court case where the transaction was so designed as to pass on the depreciation claim from a non-taxable entity to a taxable entity without the latter having to pay the price for it. More

I-T ombudsman
The Swiss Banking ombudsman’s website blurb — mistakes can happen, what matters is how you handle them — is bound to strike a chord with individuals having interface with public authorities. The Indian income-tax ... More

LETTERS

Bank consolidation

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Guarding the chicken from a hungry taxman

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