The Hindu Business Line : Monday, March 22, 2010

MENTOR

INCOME TAX: Tax planning for women
Income-tax is levied on individuals where they have taxable income. But when it comes to the women taxpayers, Government has given special concession to encourage then to become financially independent. The Income-Tax Act, 1961, provides for ...

INCOME TAX: Liability for tax audit
Section 44AB of the Income-Tax Act provides for an audit of the accounts of a person whose turnover or gross sales exceeds Rs 40 lakh per annum if the assessee is carrying on business or Rs 10 lakh of gross receipts if the assessee is carrying ...

CREDIT MARKET: Cheque as collateral
Is the practice of giving post-date/undated cheques to money-lenders amount to giving them a ...

INCOME TAX: Principal contract
The term has a special meaning especially for non-residents because they are exempt from Indian income-tax only if they dealt with an Indian resident on a principal-to-principal basis provided the resulting income was neither received in ...

OVERSEAS BORROWINGS: ECB scheme
Under the automatic route, the maximum cost of borrowing is six month LIBOR plus 300 basis points for loans of duration ranging from more than three years to five years, but for long-term borrowings, that is, for duration of more than five ...

PEOPLE: 60 Seconds Chief
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