The Hindu Business Line : Monday, April 02, 2007

READING ROOM
Tourist income multiplier
A tourist pays money to settle his hotel bill. The hotel uses the money to meet costs incurred in meeting the demands of the visitor, such as food, drink, furnishing, laundry, electricity and entertainment. Recipients of the money, in turn, use ... More

FOR THE ASKING
Will loan taken from friend qualify for deduction?
If a person takes a loan from his friend for construction of a house, will he qualify for deduction of principal and interest? Arun Khumbar, email Section 24 dealing with, among other things, interest as an expenditure while computing ... More

STICKLISH ISSUES
Advertisers hit for a huge six
Responses to Sticklish Issues dated March 26. More

SEBI moots watchdog for investment advisors
Blog at: http://SticklishIssues.blogspot.com

AT YOUR SERVICE
Tax liability on freight charges
Kindly clarify whether exemption limit of service tax payable as per Notification No. 6/2005 dated March 1, 2005, is available to a tiny industrial factory (partnership) registered under the Factories Act and a tiny industrial factory owned by ... More

SOFT SKILLS
Check if you are skilled
Managerial skills are technical, human and conceptual, says Seema Sanghi in Towards Personal Excellence, second edition (www.indiasage.com). Technical skills are the ability of doing things by one's own effort, while human skills ... More

60 SECONDS CHIEF!
Home life and work life are two sides of a coin
Ms Sadhana Somasekhar is Director and Chief Marketing Officer, Focus Infotech, a leading strategic IT-HR and managed solutions provider. She oversees more than 150 employees, who provide consulting and software development solutions for clients. ... More

WHACKONOMICS
Inflation insights
2) Last week the inflation figure was 6.02 per cent; what does it mean? Does that mean every week it is increasing? Somebody told me in Japan the inflation for that week was zero. How is it possible? 3) If I invest Rs 1,000 in a bank at, say, 6 ... More

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