The Hindu Business Line : Sunday, July 31, 2005

Shrimp dumping duty: US team to assess situation
A FIVE-MEMBER team from the US-based International Trade Commission (ITC) will visit the tsunami-ravaged Southern and Eastern coasts of India during August 19-27 to assess whether the anti-dumping duty enforced on Indian shrimp imports into the ... More

TAXATION

Franchise services — Licence production agreements to come under service tax net
THE Finance Ministry has expanded the scope of levy of service tax on franchise services. The Revenue Department has clarified that licence production agreements, where a principal allows production of goods bearing his brand name by another ... More

Dividend not taxable
Dividend which is taxed in the hands of the company at the time of distribution will not be subject to tax in your hands at the time when you receive it. The same will be exempt under Section 10(34). All domestic companies will have to pay tax on ... More

COAL

Ministry revives coal to oil conversion plan — To review 2001 report on SA's Sasol plant
WITH international crude oil prices touching $60 per barrel, the Government has pulled out an old report on converting coal into synthetic oil. The report was submitted to the Coal Ministry after an official delegation's visit to Sasol Mining ... More

FOREIGN DIRECT INVESTMENT

Chidambaram says no need to fear capital
THE Union Finance Minister, Mr P. Chidambaram, on Saturday made a veiled attempt to bridge the differences with the Left on FDI issues. He quoted Karl Marx with the objective of strengthening the argument to raise investment in the banking and ... More

INCOME TAX

Is FBT payable on guest-house rent?
OUR company has two guest-houses. The employees of the company on a permanent basis use both of these guest-houses. In respect of one of them the company pays only one-third of the rent and the balance is paid by the employee using it. Will ... More

NATURAL CALAMITIES

Medicine stocks worth Rs 180 cr destroyed in Mumbai floods
MEDICINE supplies are under pressure with stocks worth an estimated Rs 180 crore being destroyed in the heavy rain here earlier this week. Several major pharma companies have their godowns at Bhiwandi, on the outer fringes of Mumbai, and these ... More

Express services resume operations
EXPRESS services in the city, which came to a standstill on Wednesday and remained hit for the most part of Thursday, have since returned to normalcy. Heavy rains in the city earlier in the week had affected operations at express companies and ... More

Textile cos escape major damage
NOTWITHSTANDING Mumbai's brush with bad weather over the past few days, damage to textile units has been on the lower side. Most of the large textile players have moved their operations to other areas over the past few years to achieve ... More