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OPINION

TAXATION: Withholding tax on Web-hosting payments?
Withholding tax on cross-border payments, especially in e-commerce, has always been a matter of complex analysis. This is not only because e-commerce is an evolving field but also because cross-border payments have to be, first, characterised ...

TAXATION: Amortisation of preliminary expenses
Companies have to incur heavy expenditure for commencement or expansion of business. Questions often arise whether such expenses can be claimed as revenue in nature. If it is revenue expenditure, it can be allowed as a deduction under ...

TAXATION: Where house scores over education
Acquiring a residential house and giving the best education to children are the dreams that make one wistful. Both cost a fortune and setting out to fulfil both the dreams costs doubly. Quality institutions of higher learning are woefully ...

TAXATION: Salary arrears
The decision of the Cabinet to hike the pay of Central Government employees, after some modification to the recommendations of the Sixth Pay Commission, is a welcome relief for the salaried class in the present context of rising prices, ...

EDITORIAL: Taming prices
Untamed escalation of food prices has got the government worried even as costlier food drove up the annual inflation rate to a multi-year high of 12.63 per cent as of August 9. Festival demand is beginning to kick in; and consumption of essential ...

PETROLEUM: Pushed to bottom of the barrel
Chaturvedi Committee Report. It is one of the most well-researched, in-depth reports by any government-appointed committee on the oil industry. Yet, the Report of the High Powered Committee on Financial Position of Oil Companies (the Chaturvedi ...

LETTERS: Health care
The article “What’s ailing health care in India?” (Business Line, August 22) made very useful reading. The author has not minced words in explaining the plight of the Indian poor, who still have only ...

LETTERS: Clarification: on Lehman Brothers investments
This has reference to a story headlined “Lehman Brothers offload Rs 175-cr worth equities” (Business Line, August 22). ...






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Markets (Aug 22)
Nifty (at close)4327.45(+43.60)
US Dollar (Buy/Sell)43.43/44
Brent crude (a bbl) Rs5,196
Gold (a gram) Rs1,115
Silver (a kg) Rs20,940


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