September 2010

From the Editor-in-Chief	Dr. K. Shivaram
President’s Message	M. L. Patodi
March of the Professional
Direct Taxes Code Bill 2010	M. A. Bakshi
IFRS in India – Road Ahead	Nikshit HV Shah
In Pursuit of Knowledge
Direct Taxes Education Cess is allowable as Business Expenditure	Narayan Jain & Deepak Jain
Indirect Taxes Construction & Real estate Business – Nine relevant categories of taxable services with special emphasis on Works Contract Services	Mukul Gupta
Treasure Trove
Be Thankful
Heart & Humour
Intellect and Intelligence
Nut Crackers
Direct Taxes Questions & Answers (Brains’ Trust)	N. M. Ranka, Narayan Jain & Sanjoy Bhattacharya
Questions & Answers	H. N. Motiwalla
Indirect Taxes
Questions & Answers	C. B. Thakar
Questions & Answers – Service Tax	Rajkamal Shah
Billionaire	K. V. Ramaswamy & Vijay S. Choksi
Tax World
Sales Tax	P. C. Joshi
Rajasthan Investment Promotion Scheme – 2010	M. L. Patodi
Service Tax – Statute Update	Rajkamal Shah