BY SUNDAY ADOLE JONAH, DEPARTMENT OF PHYSICS, FEDERAL UNIVERSITY OF TECHNOLOGY, MINNA, NIGERIA (A reflection on the Nigerian state @ 50) Sovereign nations today would do well to reflect for a moment or so whether pre-nationhood contact with more influential foreign powers or “guests” was beneficial or damaging in the long run. … Read more
While everybody appreciates the legislative intention behind enacting special legislations like RDDB Act, 1993 and SARFAESI Act, 2002, when it comes to the sale of mortgaged property through auction, many interesting points would emerge for consideration. If it is a sale of mortgaged property pursuant to the Recovery Certificate issued by the Debt Recovery Tribunal … Read more
Change in Rate of Service Tax on Money Changers Prepared By: CA Pradeep Jain And Sukhvinder Kaur, LLB[FYIC] With effect from 16.05.2008, the services pertaining to purchase or sale of foreign currency, including money changing was brought under service tax. The authorised dealers in foreign exchange or authorized changers were also covered. The … Read more
Are you planning on Buying property in Goa?? Then we at Magic Masons feel that congratulations are in order, as, in light of the golbal financial melt down there is no better time to purchase property in Goa than right now. http://www.magicmasons.com For your conveninence we have provided you with all the information you would require to purchase … Read more
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