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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

Why Wrongful Termination Lawsuit Loan – Lawsuit Funding is Best Option For Plaintiffs?

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No-Risk Lawsuit Loan or Lawsuit Funding for Wrongful Discharge Plaintiffs Wrongful Termination lawsuit loan is a non-recourse settlement advance provided by lawsuit funding company to the plaintiffs involved in wrongful termination claim or wrongful discharge litigation even before his/her lawsuit is settled or resolved. Wrongful Termination Lawsuit Loan or Lawsuit Funding is a Contingent Cash … Read more

Payday Loan: How It?s Different From Other Types of Loans

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Payday loan is a very short-term loan that is offered to a borrower to cover the expenses until his or her next payday. The amount may vary from 100 dollars to 500 dollars on a two -week term, the interest rate ranging from 390 percent to 780 percent .The most appealing part of payday loan … Read more