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Sovereign wealth fund for India? financial scene
While deploying the accumulated forex reserves, it is important to keep in mind that all categories of capital inflows will not be stable

Bureaucratic bottlenecks come in way of projects
For timely completion, developers and contractors need more help

TAX FORUM: QUESTIONS AND ANSWERS
Failure to deduct tax on disallowance of expenditure
What is the amendment introduced in the Finance Bill, 2008, before it became an Act relating to disallowance of expenditure on which tax was failed to be deducted at source? Sec. 40(a)(ia) inserted with effect from April 1, ...

TAX FORUM: QUESTIONS AND ANSWERS
Changes in procedural law
What are the changes made to the proposals in the Bill as regards procedural provisions? There are quite a few changes in procedural law. The bar against objections to jurisdiction on grounds of non-service or improper ...

TAX FORUM: QUESTIONS AND ANSWERS
Charities put on the grind
There is practically no change but there are some assurances. Charities, which are affected by the withdrawal of tax exemption of income from activities incidental to the object of general public utility is saved only for agricultural ...

TAX FORUM: QUESTIONS AND ANSWERS
MAT gets more matted
What is the change made to the proposal in the Bill as regards Minimum Alternate Tax? The amendment in the Bill under Explanation to Sec. 115JB(2) provides for an ad hoc addition of deferred tax debit. It was pointed out ...

TAX FORUM: QUESTIONS AND ANSWERS
Reliefs extended in Finance Bill, 2008
The Finance Bill has become an Act on the assent of the President on May 10, this year. What are the changes made in the Finance Bill with regard to reliefs? Relief under Section 10A and 10B have been extended for a year up to ...

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