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Saturday, October 03, 2009
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OPINION

INCOME TAX: Loopholes in the gift tax regime
The new gift tax regime that seemingly is comprehensive enough to rope in all kinds of gifts as against the previous regime that taxed only gifts in the form of money came into force with effect from October 1. Incidentally, the onset of the ...

EDITORIAL: Fusing ambition and action
If there is one facet of India’s nuclear energy establishment that has not changed through all the vicissitudes it has been through over the past several decades, it is the ability to dream, and dream big, extraordinarily big. Fifty ...

IPR: Geographical indicators and beyond
Of late, there has been a great deal of chest-thumping about the number of Geographical Indications (GIs) registered in India, the latest being the Tirumala laddu (the 107th Indian registered GI). The chest-thumpers point out that all of ...

INCOME TAX: Metamorphosis of public trust
For long, one has got used to terms such as charitable trust, public charities, etc. Income-tax law has always had a special definition of the term “charitable purpose”. The law governing charitable trust was largely based ...

INCOME TAX: Dissecting the capital gains tax proposals
The Direct Taxes Code (DTC) has proposed to simplify the existing capital gains provisions to make them more contemporary and concise. Some of the key changes in capital gains taxation are ...

TAXATION: Serving out exemptions
The EET (Exempt, Exempt, Tax) formula may have been the theme of the Direct Taxes Code 2009, but the EMTS (Exempt Most, Tax Some) formula seems to be the mantra for service tax. Four new services — transport of goods by rail, transport ...

BOOKS: Understanding utility pricing
Many cities in India relate water tariff to the consumption of the good, but most are unable to recover the actual costs or expenditure of supplying water due to concerns of affordability or political considerations, observe Kala ...

LETTERS: Pact with Asean
The discussion on the free trade agreement signed by India with the Asean countries is believed to be based more on political grounds than on the merits of the ...

LETTERS: Turbulent times
The article “Flying into turbulence” (Business Line, October 2) chronologically and sequentially brings out the fact that Air India is in a shambles, seeking Government bailouts. The Prime Minister himself should ...


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




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Markets (Oct 01)
Nifty (at close)5,077.95(-6.95)
US Dollar (Buy/Sell)47.74/75
Brent crude (a bbl) Rs3,250
Gold (a gram) Rs1,458
Silver (a kg) Rs27,710


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