The Hindu : Business News : Monday, December 06, 2010

Online edition of India's National Newspaper Monday, December 06, 2010 ePaper \| Mobile/PDA Version

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FINANCIAL SCENE

Raising the bar for new stock exchanges
The Bimal Jalan panel wants a widespread dispersal of shareholding in a stock exchange

Most of world's new listings this year take place in Asia
Asian stock exchanges have seen it all this year: a bank whose customer base of 320 million is larger than the population of the United States, a French cosmetics maker, a microlender and a Chinese pharmaceutical company that makes an ...

NETSPEAK
New frontiers of information retrieval
Qwiki seems to be a product serving this need

TAX FORUM: QUESTIONS & ANSWERS
Are foreign companies liable for MAT?
QUESTION: We are informed that the Authority for Advance Ruling has ruled in a number of cases that foreign companies may well be liable for MAT. Since we have some associate foreign companies having business with us, what are the chances ...

TAX FORUM: QUESTIONS & ANSWERS
Is the principal loan amount waived by a bank taxable?
QUESTION: A company obtained waiver of principal amount of Rs.25 lakh, besides the entire interest as waiver under one-time settlement scheme (OTS) from a bank. The borrowal of principal sum was utilised for the purchase of fixed assets ...

TAX FORUM: QUESTIONS & ANSWERS
Service of notice in the name of deceased is invalid
QUESTION: Can a notice issued in the name of the deceased and served on the legal heirs after his death be valid in law? Is there any necessity for the legal heirs to comply with such notice under Sec. 143(2) in respect of a return filed by ...

TAX FORUM: QUESTIONS & ANSWERS
How property income is taxed
QUESTION: What are the proposals regarding assessment for income from property? ANSWER: The ad hoc deduction, which is being allowed at 30 per cent for repairs, maintenance and collection charges will get reduced to 20 per ...

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