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FINANCIAL SCENE
The rupee changes course
Recent sharp decline is yet to prompt central bank action

TAX FORUM: QUESTIONS & ANSWERS
Encashment of leave
Staff of aided and Government colleges in Tamil Nadu get benefit of encashment of unearned leave to the extent of 50 per cent of such leave to their credit at the time of retirement. Since it is a terminal benefit, I presume that there will be no ...

TAX FORUM: QUESTIONS & ANSWERS
Ceiling on insurance premia
Sec. 80C(3) places a ceiling of 20 per cent of the sum assured as available for benefit of Sec. 80C. Sec. 80C is easily applicable for endowment policies where there is a specific sum assured. There are other policies where there is no specific ...

TAX FORUM: QUESTIONS & ANSWERS
Bonds for investments u/s 54EC
Sec. 54EC allows abatement of capital gains tax on specified bonds but no such bonds are available. We have some clients with capital gains, who are required to make investments within six months shortly falling due. For some others, the due date ...

Consumers worldwide wrestle with rising gasoline prices
Taxes and subsidies are the main reasons for the differences along with lesser factors

FTAs: so near and yet so far


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