Diversion of income by overriding title
From time to time, the issue of diversion of income by overriding title crops up. When an income is diverted by what is known as an `overriding title', the said income which is so diverted is considered not to be the income of the assessee, thus escaping the rigors of taxation.

Ensure consistency
The double digit growth in exports in dollar terms for two successive months this year over the corresponding periods last year should not spark off unwarranted euphoria.

Gold deposit scheme -- Reducing dependence on imported bullion
Wearing gold jewellry on occasions such as marriage, party, etc, has reduced due to attendant risks. Gold jewellry lying idle with people and charitable and religious trust does not earn any income to them.

  The Index
  FM prefers it bland
  Time for an immediate prime lending rate cut