The Hindu Business Line : Saturday, September 05, 2009

OPINION

GOLD & SILVER: Right time to enhance gold stocks
Gold constitutes an integral part of a country’s reserves. The stability of a country’s currency to some extent depends on the quantity of its gold holdings (see Table). The dollar started losing its sheen in the late 1960s, mainly ...

EDITORIAL: A move well warranted
SEBI has issued a timely stipulation that holders of warrants which entitle them to subscribe to shares in a company would have to forfeit the money paid upfront if they do not subscribe to these shares. While this may seem self-evident and ...

TAXATION: Taxing charitable organisations
The storm over the amendment to the definition of “charitable purpose” in the Income tax Act 1961 by the Finance Act 2008 had just begin to settle down when the Direct Tax Code (DTC) again proposes to change the concept of charity ...

TAXATION: New MAT is a triple whammy
The ‘new’ Minimum Alternative Tax (MAT) proposed in the Direct Taxes Code discussion paper can be questioned on many grounds. Chapter-V of the discussion paper, titled ‘computation of the value of gross assets’, provides ...

INCOME TAX: Direct Taxes Code will boost savings
The shift from EEE method to EET method will promote long-term savings.. There are several ways of cutting taxes. We can reduce the rates. We can remove the exemptions and apply the rate to gross earnings or we can raise the slabs for applying ...

INCOME TAX: Exemption lulls, savings spur
Fearing a backlash from the aam aadmi, the Government is reportedly considering hiking the tax-free threshold to Rs 2.25 lakh now that the Direct Taxes Code Bill 2009 (DTC) has prescribed monetisation of all benefits and taxation of ...

BOOKS: Unsettled squabbles
Can foreign gifts credited in the books of account of an assessee be treated as unexplained cash credits under Section 68 of the Income-tax Act, 1961? In a HUF (Hindu Undivided Family) consisting of husband, wife and daughter, can the female ...

LETTERS: Honouring the dead
The unnatural and untimely death of Y.S. Rajasekhara Reddy in the helicopter accident is distressing. He worked hard for the upliftment of the poor which endeared him to all. Unfortunately, our way of honouring the dead is by declaring ...

LETTERS: Political storm
This is with reference to “Storm in the saffron party” (Business Line, September 1). One of the reasons why the BJP lost the elections was, perhaps, due to its bravado in projecting Dr Manmohan Singh as a ...

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 (Sept 4)

Nifty (at close)	4,679.55(+85.65)
US Dollar (Buy/Sell)	48.88/89
Brent crude (a bbl) Rs	3,265
Gold (a gram) Rs	1,418
Silver (a kg) Rs	25,630

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