The Hindu : Business News : Monday, February 08, 2010

Online edition of India's National Newspaper Monday, February 08, 2010 ePaper \| Mobile/PDA Version

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FINANCIAL SCENE

IMF sees recovery but there are caveats financial scene
The timing of the exit is best left to individual countries

The financial crisis would not stop moving
Contagion is a fact of life in interconnected global economy and financial markets

TAX FORUM: QUESTIONS & ANSWERS
Deduction u/s 80CCC is not additionally available
Please refer to your answer in The Hindu dated February 1, 2010, relating to deduction under Sec. 80CCC for a contribution to annuity plan of LIC or other insurers. It has been titled erroneously that deduction under Sec. 80CCC is ...

How return of deposits under senior citizens scheme is treated?
I have deposited Rs. 15 lakh in a post office under the Senior Citizens’ Deposit Scheme and I have nominated three of my children to receive the deposited amount on my death indicating the amounts for each of them. All these three children ...

Treatment of non-residents’ liability on Indian investments
My son who is a non-resident in India has income from fixed deposits with various banks. Tax is being deducted at 10 per cent from such income which is the rate applicable under Indo-U.S. Double Tax Avoidance Agreement and even otherwise I ...

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