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Monday, August 25, 2008
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FOR THE ASKING: Sale of house
I want to sell my house for Rs 10 lakh but the buyer is interested in declaring the market value which is Rs 5 lakh and pay stamp duty accordingly. But I insist on receiving the entire amount of Rs 10 lakh in demand draft. Can I get the sale ...

FOR THE ASKING: Which is better, FDI or foreign trade?
Reams have been written on this issue. Suffice it to say that as a rule of thumb, developing nations stand more to gain through FDI (foreign direct investment) and developed ones more through international trade. Which is why at the WTO, ...

FOR THE ASKING: Deductibility from rent
There seems to be an inconsistency in the income-tax law on housing loans. While interest paid to a lender in the unorganised sector is deductible from rent, the repayment of principal to the same person does not qualify for deduction under ...

FOR THE ASKING: Goodwill accounting
It is not clear what exactly you mean by loss on merger. Perhaps, you are referring to the excess purchase consideration paid vis-À-vis the value of the net assets taken over. This is recognised as goodwill under the purchase method and ...

FOR THE ASKING: Trust assessment
Can a public charitable trust — registered so under the tax laws and regular and sincere compliant of all its objects, applicable laws — give Form 15G to its banker with whom the trust maintains its deposits instead of applying to its ...

FOR THE ASKING: TDS requirement
We are an Indian company. We invite a South African company for training some software system. They claim their travelling expenses in US dollars. Will any taxes be ...

STICKLISH ISSUES: Invest in gold?
Responses to Sticklish Issues dated August 18.. Gold is always considered as a sound investment option. World markets are facing slow growth and the Indian economy is also suffering from double-digit inflation. So this may be the ideal time to ...

60 SECONDS CHIEF!: 60 Seconds Chief


SOFT SKILLS: Cultural levellers
People working in high-tech businesses in the US and India have more things in common than they have differences, observes Chuck Boyer in Get Your Frog Out of the Well (
STICKLISH ISSUES: Tata threatens to pull out from Singur
Send in your responses along with your photo to
WRITE RIGHT: Pay attention to details
How to give the recruiters and hiring managers an example of the work you can perform? A great cover letter and resume, says Michael Betrus in 202 Great Cover Letters (






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