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

Wednesday, July 28th, 2010

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 [...]

Understanding Bankruptcy to Handle the Process Better

Wednesday, July 28th, 2010

The term Bankruptcy means the legally declared inability of an individual or an organization to pay their credits. Involuntary bankruptcy is the situation in which the creditor may file a bankruptcy petition against a debtor to recover a portion of the amount dues him. Generally in a majority of cases, bankruptcy is initiated by the [...]

Small Business Marketing: – Enjoy Clear Direction & Peace of Mind

Wednesday, July 28th, 2010

  The return on investment for the engagement of MJH Group for Small business marketing is based on the following; Business Growth • Increased sales and profit from effective strategy and campaign outcomes Marketing Strategy • The insight and direction provided by our strategic recommendations • [...]

Getting Out of Business is a Process

Wednesday, July 28th, 2010

We Buy Your Business Getting out of business is a process. The length of time required to complete the process is directly related to the complexity of the business, and the circumstances underlying the decision to get out. Planning how you exit your business is just as important as how you started it. [...]

Settlement Loans Vs. Traditional Loans

Wednesday, July 28th, 2010

When considering a settlement loan you should always know the differences between a settlement loan and a traditional loan. They are two complete different ways to obtain fund during a pending lawsuit when a client has no income. This article is designed to explain the differences between a settlement loan and a traditional loan and [...]