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Shortcomings of per capita GDP
Although conventional wisdom has held that a widening income gap is a problem, there is no practical way to measure its actual costs

TAX FORUM: QUESTIONS AND ANSWERS
Is solution in sight for mounting tax arrears?
QUESTION: It has been published that the Comptroller and Auditor General has reported that Rs.2.20-lakh crore of revenue has been locked even in first appeal itself indicating lack of effective steps to have them cleared and to have the ...

TAX FORUM: QUESTIONS AND ANSWERS
TDS certificates received after return
QUESTION: We generally find that TDS certificates are received in quite a few cases after the filing of the return. A petition for rectification for refund by rectification of the order under Sec. 143(1) or on passing a fresh order where there ...

FINANCIAL SCENE
Inflation management poses newer challenges
The surge in food inflation, which crossed double digits on March 12 after retreating over the three previous weeks, appears to have caught the government by surprise. However, even when the weekly Wholesale Price Index-based food index was ...

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