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Bright prospects for key sectors: Fitch
But legacy and regulatory problems persist in power and cement industries; pressure on banks' capital adequacy

FINANCIAL SCENE
RBI policy and rupee-dollar enigma
The rupee has moved from strength to strength against the dollar

Paradoxes in external and internal sectors
High inflation rate is attributed to supply constraints in primary commodities

TAX FORUM: QUESTIONS & ANSWERS
Computation of capital gains on inherited property
We inherited an immovable property from our mother, who died in 1996 and the property is sold in January 2007. Our mother herself had inherited the property, so that we are entitled to have the property valued as on April 1, 1981 which is ...

Is expenditure on ISO certification deductible?
It has become fashionable as well as a necessary requirement to get ISO certification for factories and business houses to command better public image in the market. Is such expenditure deductible as revenue expenditure? ISO ...

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