Business Daily from THE HINDU group of publications
Saturday, September 06, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Saturday, September 06, 2008 ePaper | Mobile/PDA Version | Audio |
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OPINION TAXATION: Are referral fees taxable? Tax obligations for foreign companies have to be considered under the Indian income-tax law over a wide canvas. Under Section 5 of the I-T Act, 1961, a non-resident’s total income includes all income, from whatever source derived, which is ... INCOME TAX: Charlatan charities A hospital can charge the maximum going rate from both its inpatients and outpatients and yet make the grade as a charity exempt from payment of income-tax. Ditto for an educational institution. Small wonder then that bulk of the ... EDITORIAL: Alleviating poverty Without doubt, the fight against poverty has remained strong in the last 25 years, helping at least 500 million people worldwide out of the poverty trap. However, a new World Bank paper that talks about poverty in developing countries provides ... FOREX: Currency futures — Questions for the RBI The introduction of currency futures is probably the first of the last set of steps towards in the country’s tryst with capital account convertibility. The exchange rate, which was considered sacrosanct by the RBI in the days of forex ... POWER: ‘Test’ing times The letter released by the Foreign Affairs Committee of the US House of Representatives has clearly shown ... LETTERS: Basel II norms Apropos the article “Is it time for Basel III” (Business Line, September 3), the basic problems of Basel II are its complicated computing models and its bias against the smaller banks. ...
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