The Hindu Business Line : Saturday, June 20, 2009

OPINION

INCOME TAX: Give salaried a tax break
Even when the Interim Budget was presented in February 2009, there was expectation of relief on the personal tax front. But prudence prevailed and the temptation to go in for populist measures was given up. The time has now come ...

EDITORIAL: In a royal mess
Air India’s warning that it will delay June salaries by a fortnight and ask its senior managers to forgo a month’s wage is a rude jolt to a smug workforce that somehow seemed unconcerned that the once-proud maharaja is now all rags ...

FINANCIAL MARKETS: Is global co-ordination more rhetoric than reality?
The recently concluded G- 20 summit has brought to the fore certain long overdue reforms in the area of global macroeconomic coordination, a new concept which is not new. It has been invoked in the past mainly to serve three distinct ...

TAXATION: Revamp transfer pricing regulations
With the Budget around the corner, expectations on legal/policy issues are rife and the transfer pricing (TP) regime is no exception. Year after year, practitioners and taxpayers have expressed the need for various changes in Indian TP ...

TAXATION: Misapplication of surcharge and cess
As Budget 2009-10 approaches, the Finance Ministry is being flooded with wish-lists, asking for as many concessions, exemptions and deductions as possible. In the process, the important aspects such as improving implementation of ...

TAXATION: Lacunae in VAT legislation
Value Added Tax (VAT) has been implemented to avoid cascading effect and usher-in better tax administration to compete in a globalising marketplace. The Government has initiated steps to phase-out Central Sales Tax (CST). It has reduced ...

INCOME TAX: Fixation with hospitalisation
Both the income-tax regime and the insurance industry are guilty of equating healthcare with hospitalisation. Section 17 of the Income-Tax Act, 1961 loosens its purse strings almost in a no-holds-barred manner by exempting from tax the ...

LETTERS: Growth with equity
“A budget for balanced growth and distributive justice” (Business Line, June 19) represents the kind of budget the common man has been looking forward to for several ...

Columnists: • C Gopinath • Harish Bijoor • G Chandrashekhar • S Murlidharan • Sharad Joshi • Mohan Murti • S Balakrishnan • Bharat Savur • B S Raghavan • Ganesh Challa • Bhanoji Rao • Swati • T Banusekar • Ramanujam Sridhar • Ranabir Ray Choudhury • Rasheeda Bhagat • P.V. Indiresan • P Devarajan • S Muralidhar • R K Raghavan • B Venkatesh • S Venkitaramanan

Comments & Letters to the Editor to: bleditor@thehindu.co.in
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Markets (June 19)

Nifty (at close)	4,313.60(+62.20)
US Dollar (Buy/Sell)	48.08/09
Brent crude (a bbl) Rs	3,357
Gold (a gram) Rs	1,353
Silver (a kg) Rs	23,630

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