The Hindu : Business News : Monday, March 21, 2005

Online edition of India's National Newspaper
Monday, March 21, 2005

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Frequently asked questions on VAT
The Confederation of Indian Industry has sought to clarify doubts and apprehensions in respect of State-level value added tax in this FAQ exclusive to The Hindu. QUESTION: Will VAT increase the cost ...

Cash transaction tax: an avoidable levy
By demonetising higher denomination notes such as Rs. 500 and Rs. 1,000, a lot of unaccounted money will be effectively destroyed.

FINANCIAL SCENE
Uniform tax treatment at what cost?
Already there is uncertainty in the wake of the Finance Minister's statement. The Government will do well to clarify.

Fringe benefits tax: implications
ANSWER: Fringe benefits tax is apparently copied from Australian and New Zealand laws, which are, however, more reasonable, because they are limited to a few listed items, which are really not capable of being taxed in the hands of the ...

Raw deal for senior citizens
THE Finance Minister announced in the recent Budget tax exemption for incomes up to Rs. 1.50 lakhs for the senior citizen (SC) and followed this up with another `give-away' in the form of a deduction of Rs.1 lakh from taxable income. The first ...