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FINANCIAL SCENE
The flip side to lower crude oil prices
A variety of reasons have been adduced for the phenomenal rise and the equally dramatic fall in oil prices

IT industry: waiting to exhale in 2009
Companies will focus within instead of looking outside for talent

TAX FORUM: QUESTIONS & ANSWERS
Taxation of arbitration award
In the answer to my query regarding liability to tax on amount received from arbitrator’s award, you have given a general reply that if it were damages, it would be a capital receipt or it would otherwise be taxable and that the answer ...

TAX FORUM: QUESTIONS & ANSWERS
Capital gains: now is it computed for non-residents?
My client is a non-resident who has acquired, by way of investment, some shares in Indian currency out of the funds brought from abroad. The first proviso to Sec. 48 provides that there is a right for neutralisation for fall in exchange value in ...

TAX FORUM: QUESTIONS & ANSWERS
Reinvestment: should it be in the name of assessee?
You have indicated that reinvestment in joint names or in the name of the family member may qualify for relief under Sec. 54 or 54F or 54EC. There are some Tribunal decisions in favour of the assessee. May I draw your attention to the recent ...

Valiant bid to stem slowdown in economic growth
The government will have to borrow on a large scale to meet the rising expenditure

Austerity in government, yet another routine exercise


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