The Hindu Business Line : Saturday, January 27, 2007

TAXATION
Curtailing benefit thru Executive action
The notifications in the context of Section 54EC need to be substituted by fresh ones, permitting bonds to be on tap and without any investment limits. More

On the trail of the missing `Indian concern'
The Tribunal had to study whether Section 115A would apply to a case where a non-resident had placed deposits with an Indian branch of a foreign bank. More

Corporate farming
The Government would do well to concentrate as much on special farm zones as it is doing on special economic zones. More

Tax treatment of FII income
In a recent case, the AAR held that the surpluses made by FIIs in the stock market should be taxed as capital gains and not business income. More

CREDIT POLICY
CREDIT POLICY REVIEW
To `firm up' or `calibrate' is RBI's dilemma
In a situation of all price indices showing an upward trend, the Reserve Bank of India must persist with its tightening stance taking the stand that its measure needs time to make an impact, says A. SESHAN. The RBI's policy steps will be calibrat ed appropriately in tune with the emerging developments. Its dilemma is palpable. More

LETTERS

Land use by industry

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