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FINANCIAL SCENE
BoP: bright scene with a few dark spots financial scene
Heartening low current account deficit-to-GDP ratio

Small cars, big challenges
When Ratan Tata announced his intention to manufacture and sell a car at Rs. 1 lakh ($2,300) by 2008 few would have foreseen the diverse reactionsfrom the global auto industry. Initial reactions ranged from scepticism to downright disbelief. ...

Central budget sidelines Fiscal Responsibility Act
Misleading claims of revenue deficit reduction

QUESTIONS & ANSWERS
Income from property held in wife’s name
I am a salaried employee. My wife has no source of income. I have constructed a new house in my wife’s name in the site belonging to my wife inherited by her. The new house was constructed after demolishing the old tiled ...

Travails of getting tax credit
I am a pensioner aged 82 years. The newly prescribed IT return form gives me some problem. I have a deposit of Rs. 1.50 lakh in a bank. Tax is deducted from the interest income. Form 16A issued by the bank does not contain a column for TAN. This ...

Deductions from property income
Regarding ‘Deduction meant for property income is available only to the owner,’ in The Hindu dated June 4, 2007, the observation made at the end of the answer is incorrect. Under Sec. 80C(2)(xviii)(d), the amount of stamp duty, ...

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