The Hindu Business Line : Saturday, February 03, 2007

EDITORIAL
Caught in the veg oil mill
Oilseeds need a holistic approach, including infusion of technology and modernisation of processing industry. More

ECONOMY
Deviate not from fiscal prudence
The economy has responded positively to the easing of practically all constraints; indeed it is booming. But this should not be a temptation to get lax on the fiscal front. The FRBM must be inviolable with any attempt to do so being tantamount to fis cal sinning. To achieve this the entire process of Budget-making should be transparent, as also the various departments, says A. SANKARAKRISHNAN. More

TAXATION
FBT revisited
The fringe benefit tax regime hasn't completely sifted grain from chaff More

Hospitality treaty
The Luxembourg company was conducting international advertising, marketing sales programmes for Indian hotels. More

Taxing LLPs
Since Limited Liability Partnership is conceived of as a company, it would only be fair and logical to tax an LLP like a company. More

Accrual of deemed income
The taxable events in the execution of a contract may arise at several stages in several years. Mere execution of the contract in India will not make the entire income taxable in India. More

Inter-quartile range vs arithmetic mean in TP
There is an immediate need to ensure that the tax authorities adopt a more equitable and fair approach in arriving at arm's length results of units in the IT/ITeS industry. More

INTERVIEW
`Our main concern this year is increasing supply'
I should concentrate on how to improve productivity. The only way is to improve efficiencies. — MR H. S. LHEEM, MANAGING DIRECTOR, HYUNDAI MOTOR INDIA More

LETTERS

Corus acquisition

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