The Hindu Business Line : Saturday, October 04, 2008

OPINION

TAXATION: Transfer pricing matters in captive software companies
On September 26, 2008, the Bangalore Bench of the Tribunal delivered an important judgement in the area of transfer pricing (TP). The Tribunal has dealt with the core transfer pricing issues relating to the trigger point for a Transfer ...

TAXATION: Connectivity charges paid to foreign companies
Recently, the Hyderabad Income-tax Appellate Tribunal (ITAT) in the Frontline Soft Ltd vs DCIT (2008-TIOL-422-ITAT-HYD) case held that an Indian company utilising connectivity facility from a foreign company was liable for ...

TAXATION: Taxability of coupons, warrants and rights
Problems arise while tackling the issue of taxing gains arising out of transfer of coupons and warrants. Take, for instance, the case of Jannhavi Investments (P) Ltd which received bonus shares in 1981-82 and additional bonus shares ...

EDITORIAL: Worrisome data
The balance of payments data for the first quarter of 2008-09 reflect the trying times the economy is passing through. The import bill has shot up dramatically over the corresponding period of 2007-08, rising 33.3 per cent compared to ...

TAXATION: An unfounded fear
The Finance Minister, Mr P. Chidambaram, in his first stint in that role made certain seminal if arguably debatable changes in the tax regimes in 1997. In the direct taxes front, they were introduction of Minimum Alternative Tax (MAT) on ...

TAXATION: Search and relief from penalty
Search by the officials of the tax department could be a traumatic experience for any taxpayer. It is an invasion into the privacy of an individual and it is resorted to by the tax administration to detect the undisclosed income or ...

FINANCIAL MARKETS: It’s back to basics now
US financial sector. Time was when the financial sector, principally the banks, was conservative and circumspect. They took good care of their clients’ funds and were very strict in observing their lending norms. Loan applications were ...

LETTERS: Orissa factor
This refers to the article “Coverage of Orissa, Karnataka trouble: Balanced approach wanted” (Business Line, October 3). As a person who worked in Orissa for 11 years, I would like to share my impressions of ...

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Markets (Oct 03)

Nifty (at close)	3824.55 (-126.20)
US Dollar (Buy/Sell)	47.14/15
Brent crude (a bbl) Rs	4,413
Gold (a gram) Rs	1,187
Silver (a kg) Rs	19,025

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