July 2010

From the Editor-in-Chief	Dr. K. Shivaram
President’s Message	M. L. Patodi
March of the Professional
Gist of the inaugural address by Hon’ble Mr. Justice Anil R. Dave Judge, Supreme Court of India at National Tax Conference, Hyderabad
Business in India (Paper presented at "Luncheon Discussion meeting" with the officials of Japan Federation of Certified Public Tax Accountants’ Associations, Tokyo)	N. M. Ranka
In Pursuit of Knowledge
Direct Taxes
Taxability of Gifts (including Shares & Securities) under the Income Tax Act, 1961	K. C. Devdas
Payments to Non-Residents – Tax Deduction therefrom	H. Padamchand Khincha
Indirect Taxes
Service Tax Issues in Cross Border Services	V. Lakshmikumaran
Controversial Issues under CST – u/s. 6(2) and Declarations	Nikita Badheka
Treasure Trove
Inspirational One … Anyway
Heart & Humour
Eight clues to happiness
Nut Crackers
Direct Taxes
Questions & Answers	N. M. Ranka, Sampath Raghunathan & K. K.Chythanya
Questions & Answers	H. N. Motiwalla
Indirect Taxes
Questions & Answers	C. B. Thakar
Questions & Answers – Service Tax	Sampath Raghunathan
Quest
Opinion – Dire Consequences of CST Amendments	Vinayak Patkar
Opinion – Gist of Amendments by Finance Act, 2010	Rajkamal Shah
Billionaire	K. V. Ramaswamy, & Vijay S. Choksi
Tax World
Sales Tax	P. C. Joshi
ITAT – Flash Figures of Institution, Disposal and Pendency of Appeals as on 1-7-2010