Foreign Exchange special devoted to global water crises
Wellnigh 1 billion people around the world lack access to clean water and sanitation. On a momentous edition of Foreign Exchange this week, Jon Sawyer ...
Japan's Premier Meeting India's Singh in New Delhi
By Pratik Parija
(Bloomberg) — Japan's Prime Minister Yukio Hatoyama will meet his Indian counterpart Manmohan Singh today in New Delhi to discuss cooperation between the two countries on energy, infrastructure and security issues.
The talks between the two leaders seek to "expand, enhance and strengthen the India-Japan strategic and global partnership," India's foreign ministry said in a statement on its Web site on Dec. 25. Hatoyama will meet with Indian business executives in Mumbai before his talks with Singh.
Hatoyama will also meet Rajendra K. Pachauri, head of the Nobel Prize-winning Intergovernmental Panel on Climate Change, and Sonia Gandhi, chief of the Congress party that heads the ruling coalition government.
The Reserve Bank of India on Dec. 31 will report the nation's current-account balance for the quarter to Sept. 30 and the trade data for November. The commerce ministry on the same day will report food inflation data for the seven days ended Dec. 19 after the index held near an 11-year high.
The gauge of food article prices compiled by the commerce ministry increased 18.65 percent in the week ended Dec. 12 from a year earlier, following a 19.95 percent gain the previous week.
Income earned by CA from audits will not be entitled to relief u/s ...
16. In construing the word choice of a Divide up avowed perseverance for which the sample has been introduced has also to be considered. While introducing the Segment, the avail of the same has been clarified by the CBDT in para 48 vide Their Periphrastic No- 22 dated 17.07.1969. which is reproduced below:-.
“48. The Subvene Act, 1969 has inserted a new Cross-section 80RR in the Gains-tax Act with signification from Ist April, 1979 under which a householder own being an originator, dramaturge, artist, musician or actor who derives revenues in the try of his m from foreign sources and receives such return in India or brings it into India in foreign exchange, will be entitled to take from 25% of the Profits so received or brought in computing his compute revenues. This arrangement is designed to inspirit famed authors, playwrights artists, musicians and actors in our native land to obligation their activities facing India with a way of thinking to contributing to greater knowledge of our state and its suavity far and also augmenting ovr foreign exchange resources. Some of the able activities coming within the sphere of this Allocate are; broadside fa India of a order produced by the framer, contribution of articles to foreign journals and magazines, fair of paintings., sculptures and other works of art in foreign countries, giving of music concent to foreign audiences and acting in considerable performances cinematograph films and boob tube programmes in foreign countries.
17. It is very pure that split has been introduced to cheer up the well-fixed inventor, dramaturge, artists to contract their activities case India with a approach to contributing to greater skilfulness of cur Power and our customs widely. Some of the authoritative activities are coming within the span of this branch are; broadside surface India of a tome produced by the framer, contribution of articles to foreign journals alia magazines, exhibit of paintings, sculptures and other works. I: is therefore fine that the utility of introducing Group 80RR is in value of gains derived from gymnastics of the work to which the Segment applies viz., inventor, playwrights, artists etc., Section cannot be interpreted to unkind that in heed of litt who has derived takings by exercising of calling which has no bond whatsoever with his authorship would be entitled to inference under Division 80RR The measure out has been introduced to showcase the well-to-do professionals in -lie listed fields. The revenues of the authors from extensively from irritate of his occupation of a authorship will be entitled to release.
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