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FINANCIAL SCENE
Bank credit: two sectors cry for attention
The immediate requirement is an assessment of the needs of agriculture and SMEs and new delivery channels

Singur a lesson, not a deterrent for investment


Austerity in government: a routine exercise?
There are some major expenditure areas that call for urgent action

TAX FORUM: QUESTIONS & ANSWERS
Reassessment notice: not all may be valid
It has always been understood that where a regular assessment has been made, but the Income-tax Department has not chosen to take up the case for scrutiny by issue of notice under Sec. 143(2) within a year of filing a return, reassessment notice ...

TAX FORUM: QUESTIONS & ANSWERS
Right to claim rent deduction u/s 80GG
I own a property, which is let out to a showroom, so that it is treated as commercial property for corporation tax, electricity and metro water. I live in a house for which I pay rent. Am I entitled to get Sec. 80GG benefit for the rent paid by ...

TAX FORUM: QUESTIONS & ANSWERS
Proceeds of LIC policies are generally exempt
Please confirm whether any sum, including bonus received on maturity over and above the amount invested under LIC policies, Bhima Nivesh, Bhima Plus and the like of 10 years’ term, is exempted from income tax even ...

TAX FORUM: QUESTIONS & ANSWERS
Effect of joint investments on income tax law
My wife and I, both senior citizens, have deposited under savings scheme for senior citizens and in bank deposits. We will not be liable if the aggregate tax exemption of both of us are taken into consideration, but will be so liable, if the ...

TAX FORUM: QUESTIONS & ANSWERS
Capital gains tax index
Notification No. 86 of 2008 dated August 13, 2008, notifies 582 as the index number for the year 2008-09. S. RAJARATNAM




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