The Hindu Business Line : Saturday, November 08, 2008

OPINION

TAXATION: Religious activity examined
TheAndhra Pradesh High Court in the Arsha Vijnana Trust (2007 295 ITR 437 AP) case has decided that publication and distribution of various spiritual books, including translations of epics such as Ramayana, ...

POWER: Power ebbs as Govt looks away
Among all the infrastructure segments in India, power remains the most crisis-ridden , with no immediate solution in sight. Repeated attempts over the past decade to reform this ailing sector have been short-circuited by poor governance and a ...

TAXATION: An unresolved issue gets resolved
Companies mobilise funds when they come out with public issues of share capital. Normally, such funds are deposited in banks pending commencement of the project for which the company was started. Interest on such deposits accrue from the time ...

TAXATION: DDT and closely-held companies
In terms of Section 115-O of the Income-Tax Act (I-T Act), Dividend Distribution Tax (DDT) is payable by every domestic company on the dividend distributed to the shareholders. This regime applies as much to closely-held companies as it does ...

PETROLEUM: Planning for oil security
In recent months oil prices have shown high volatility, ranging from a high of $147 per barrel in July 2008 to around $63 at present. OPEC recently announced a production cut of 1.5mb/d to shore up falling oil prices. India, whose dependence ...

EDITORIAL: Trade in the right spirit
The WTO appellate body’s report on the India-US dispute on wine and spirit import duties, released last month, faults the panel judgement of June that favoured India. The importance of the October ruling is two-fold: first, New Delhi does ...

TAXATION: Transfer pricing realities
The Delhi Tribunal has passed a landmark judgement in the Deputy Commissioner of Income Tax vs Sony India (P) Ltd, dealing with some very interesting practical and commercial issues in connection with the transfer pricing ...

TAXATION: Impact of assets discarded?
For computing depreciation under the Income-tax Act, 1961, assets of the same category are grouped together and called "block of assets". The lawmakers have even defined the term as `group of assets falling within a class of assets in respect ...

LETTERS: Financial inclusion
Financial inclusion in the country seems to be mirage, going by the percentage of the population below the poverty line and the very low per capita income, in contrast to the increasing number of Indian billionaires, ...

LETTERS: Clarification
The article “Mutual Funds: A Brewing Scam” (Business Line, November 5), 2008 is factually incorrect ...

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Markets (Nov 06)

Nifty (at close)	2973.00(+80.35)
US Dollar (Buy/Sell)	47.71/72
Brent crude (a bbl) Rs	2,727
Gold (a gram) Rs	1,082
Silver (a kg) Rs	16,930

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