The Hindu Business Line : Saturday, October 15, 2005

The rupee flux
NOT MANY SHARE the fret in the foreign exchange market over the rupee dropping to Rs 44.96 against the dollar as forward premiums, a sure indicator of dollar demand, are still low at between 0.75 per cent for three months and one per cent for a ... More

TAXATION

Illegality or irregularity?
T. C. A. Ramanujam on a decision of the Allahabad High Court about an irregularity in contractual payment More

There's a new ghost in the guest house
THE consciousness of being deemed dead is next to the presumable unpleasantness of being so in reality, rues Herman Melville. "One feels like his own ghost unlawfully tenanting a defunct carcass." Not an unusual ... More

A bug in software service
Joseph Prabakar discusses a recent CBEC Circular on taxability of software maintenance More

An encroachment into space and time
S. Sridharan on how the new noise on advertising service may traverse the legislation More

STOCK MARKETS

What goes up must come down
Eric J. Weiner's What Goes Up is intriguingly sub-titled `The uncensored history of modern Wall Street as told by the bankers, brokers, CEOs and scoundrels who made it happen'. A racy read for the weekend, says D. Murali, especially if you want to make sense of the big tumbles in the bourses during the week. More

INCOME TAX

What is writ in tax matters?
The basic principle of law is that a writ will not ordinarily be issued by the court where an order, not patently erroneous, is made by an authority within his jurisdiction. But where the defect of jurisdiction is apparent, or there is an abuse of po wer, a writ of prohibition or other appropriate writ or order will be issued. More

NATURAL CALAMITIES

Thoughts on a quake
THE RECENT terrestrial shock in the north-western part of the subcontinent is said to have taken 40,000-50,000 lives, a toll which is by no means final and could rise even higher if the view of eyewitnesses is taken into account. The loss of ... More

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