WEB EXTRAS
BUDGET
Proposals not backed by reason
While formulating Budget proposals, proper and convincing reasons need to be given if the same are to have legitimacy and acceptability.
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HOTELS
Aitken Spence bullish on India
Sri Lanka's Aitken Spence is entering the hospitality sector with projects in Kochi and the Andaman and Nicobar islands. Mr J.M.S. Brito, Deputy Chairman and CEO, told Business Line that in addition to these projects, the company is ...
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TAXATION
A direct look at some indirect issues
Adjudication and appellate procedures at the Tribunal level require urgent reform. It is a fact that a fair majority of the cases decided against the assessees get reversed at the Tribunal level.
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INCOME TAX
FBT on ESOP: Inefficient and inequitable
Under the proposed tax arrangement, when the employee exercises his option, he will be subjected to FBT through the employer.
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