Business Daily from THE HINDU group of publications
Saturday, July 11, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, July 11, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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OPINION INCOME TAX: Gaps in the gift tax regime The Finance (No. 2) Bill, 2009 does make an honest attempt at plugging the loopholes in the regime dealing with gifts. But as it happens despite the attempt at making the code comprehensive, there still remains gaping holes which need to be ... EDITORIAL: Gifts and income tax The Budget proposal to tax receipts of moveable and immoveable property in the garb of a gift is in step with the constantly expanding notion of what constitutes income. Thus, along with profits accruing from a business and salary earned in a ... BUDGET: Budget: Logic and consequences A Budget has to be understood against the backdrop of the state of the economy. The Indian economy, which had over a phase consistently recorded an over 8.5 per cent average growth rate, slowed to 6.7 per cent in 2008-09, largely because of ... INCOME TAX: A sweet and sour mix The Budget 2009 proposals on direct taxes are, as in the past, ad hoc in nature. Take Fringe Benefit Tax (FBT), for instance. Its abolition has been welcomed, but no reasons have been given for its removal. The Finance Minister’s ... BOOKS: Tax reforms in China Among the most sweeping changes in China, between 2004 and 2006, were TFR (tax-for-fee reform) and the abolition of agricultural tax, writes Prem Shankar Jha in Managed Chaos: The fragility of the Chinese miracle ... TAXATION: Are the proposals revenue-neutral? The Finance (No. 2) Bill 2009 is an extensive document carrying out amendments to the Income-Tax Act, the Customs tariff and the service tax provisions. Of the 116 clauses in the Finance Bill, 83 relate to income-tax and wealth tax ... AIRLINES: How do you solve a problem like Air India? When Oscar Hammerstein wrote the lyrics for the famous song in Sound of Music to portray the enigma that Maria was, he borrowed a line from another of his musicals, “what are we going to do about the other generation”. ... TAXATION: Appeasing GTAs Indian Finance Ministers’ tryst with goods transport operators never seems to end. “GTA proposes, Government disposes” could well turn out to be propaganda material under service tax. The Finance Minister, Mr Pranab ... LETTERS: Water conservation This is with reference to the report “Water storage level in reservoirs improves” (Business Line, July 10). The water scarcity problem may be expected to only worsen in the ...
LETTERS:
India-China ties 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 Subscribe to: Business Line |
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