proviso

Procedure for Sale or Auction Sale of ?Secured Asset’ under the provisions of SARFAESI Act, 2002?

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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

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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