liability

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

They can not pay their taxes late? Obtain tax assistance by IRS, an offer he can not refuse

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The best advice I ever bargain: Each was a little ‘wrong’. When the fight against the IRS on their taxes late, you may be attracted by the threat of tax privileges, garnishment of wages and imprisonment. But do not worry, a tax resolution is aware of all the types of strategies to capitalize on tax … Read more

All Is Not Lost! Tax Payment Options

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No need to stress over making sure all of your taxes are paid on time, for those who qualify you may be able to make payments on your taxes due. There are various options for payment of an outstanding federal income tax liability. Because your balance is subject to interest and a monthly late payment … Read more

Explore the Best Debt Management Plan And Company:

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The term ‘Debt’ itself provides a lot of frustration for many people. Debt is nothing but the amount due to be paid by an organization or an individual either to a financial institution or a bank. Debt can also be considered as a liability or a claim on the assets of an organization or an … Read more

Open Source Software vs. Commercial Software – will community driven software really overtake money-driven software?

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My techie friends take pride in displaying the latest addition to their list of programs that run on their Linux installation.  ‘Open source is the way of the future’ they tell me, ‘Microsoft’s days of monopoly are numbered’. I smile. No I am not employed by the big M at Redmond, nor do I foresee … Read more