The Hindu Business Line : Saturday, March 24, 2007

WHEAT
Wheat policy needs re-sowing
A major cause for concern is the continuing stagnancy in wheat output in recent years even as demand soars. Urgently needed are non-price and non-trade initiatives to strengthen agriculture, and enable growers to reap real benefit, says G. CHANDRASHE KHAR. More

EDITORIAL
ADC relief
The cut in the Access Deficit Charge may be welcome but TRAI has missed the opportunity to clean up the clutter in the regime More

TAXATION
Banking channel can be bypassed after all
Section 40A(3) of the Income-Tax Act, 1961 is one of those legal provisions that curiously contain their own seeds of destruction. So much so, in its more than three decades of existence, it has remained a butt of joke what with businessmen ... More

A profit-making entity can have `charitable purpose' too
If the object of the institution falls within the definition of charitable purposes under the I-T Act and the institution is genuinely carrying out such work, the Commissioner of Income-Tax must register the institution. More

Is it the end of ESOPs?
ESOPs may die a natural death with companies disinclined to issuing stock options if they are to bear the burden of taxation. More

Service in the works
The service tax law has become wide enough to bring within its reach any transaction that has even a whiff of a service component in it. More

HUMAN RESOURCES
Humanising the workplace
An on-line executive search firm, showing a highly intemperate boss throwing tantrums at his subordinate, and the latter teasing his boss with a "H-for-Hitler" adjective, is one of the most powerful ... More

INTERVIEW
Unsettling confusion in a settled confession
A longer tenure should be given to the Settlement Commission, say, till March 31, 2009, to complete all pending cases under the existing provisions. One can also argue that after this date the Commission could be wound up. More

INCOME TAX
READER'S RESPONSE
High-pitched `demands' stir up a good supply of views
How does one tackle this situation of huge tax demands? One possible solution could be to link the tax payments to the timely disposal of the appeals at various levels. For instance, a percentage of the demand could be paid at the assessment stage... More

LETTERS

Conserve water

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Banking channel can be bypassed after all

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