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LEVY OF SERVICE TAX ON EXTERNAL COMMERCIAL BORROWINGS FROM FOREIGN BRANCH OF AN INDIAN BANK

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1. Service tax authorities, of late, have been issuing notices to various borrowers of External Commercial Borrowings (ECB’s) from foreign branches of Indian banks and holding them liable to pay <a rel=”nofollow” onclick=”javascript:_gaq.push([‘_trackPageview’, ‘/outgoing/article_exit_link’]);” href=”http://www.taxmann.net/STOnlineWeb/NewHomePage/Home.aspx?pId=160″>Service tax</a> from September 10, 2004 under section 65(12)(a)(ix) of the Finance Act, 1994 which covers ECBs. According to the … Read more

The 10 Rules for Successful Tax-free Income Investing

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Do you sometimes question the performance of your investment portfolio? If you are like most investors you have your income producing assets thrown in together with your equity portfolio. You look at the total mix of dividend paying stocks, bonds, mutual funds and equities, and you’re confused as to why they’re not producing enough income … Read more

Adverse Credit Remortgage UK ? Switch Mortgage for Benefits

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You are paying a huge amount per month towards the current mortgage which is a burden on your repaying capacity. The best considered way to reduced monthly payments is to go for remortgage. but your problem is that you have adverse credit and lenders may refuge you a new mortgage. In the UK, you can … Read more

Live Forex News for Your Advantage and More Income

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With the reputation that Forex trading has presented, it now provides many persons with various probability of making an investment. The benefits which the broker can avail of is immeasurable should they know how to do the trading appropriately. Specialized traders have lots of methods that permits them win the investment that they want and … Read more