“Taxes are the dues that we pay for the privileges of membership in an organized society” - - Franklin D. Roosevelt.IntroductionThere are certain fundamental concepts which play a very elementary role in the computation of income tax. One ..
IntroductionThe emergence of SEZs in a conservative society like India is aimed at changing the Indian outdated thinking and environment. India converted eight of its existing export processing zones into SEZs six years ago. An analysis of the zones& ..
Introduction:Fringe Benefit Tax may seem new to India, but it's not a novel concept. This tax is already levied in the United States, the United Kingdom, Canada, Australia, New Zealand, Japan and some other nations.The fringe benefit tax rules propos ..
The Costs of Containing Iran Washington's Misguided New Middle East Policy Summary: The Bush administration wants to contain Iran by rallying the support of Sunni Arab states and now sees Iran's containment as the heart of its Middle East policy: a w ..
AN OPEN LETTER TO THE HON’BLE FINANCE MINISTER, GOVERNMENT OF INDIA, NEW DELHI FOR HIS PERUSAL AND IMMEDIATE INTERVENTION. Respected Sir I am an Advocate, practising in Chennai, mainly on Indirect Issues. I wish to bring it to your knowled ..
By K.Prakash Babu, Advocate The Honourable Supreme Court has pronounced its decision in the case of M/S. Sandur Micro Circuits VS Commissioner of Central Excise, Belgaum vide citation No:2008 (229) ELT 0641 (SC) that “5. The issue relatin ..
Manufacture of Intermediary goods and using in Exempted Final Product.Many manufacturing industries manufacture some intermediary goods for use in their final products which they ultimately sell to the desirous customers which can be on ..
Exports form an integral part of a country’s economy. Apart from earning foreign exchange, they also provide direct impetus to the domestic economy by generating employment and thereby calling for further production domestically. In view of t ..
Back to Back Contract – Case Study Works Contract subject is a maze of complexities. The judgments given by courts contradict in such a manner that the dealer is perplexed. Case: Mr. M is a main contractor. He receives contract from Mr. C (custome ..
Case Study On Sub-Contract State of Andhra Pradesh & Others Vs Larsen & Tourbo Ltd & Others [Arising out of SLP (C) No.124825 of 2007] Facts: Larsen & Tourbo Ltd [L&T] is engaged in execution of civil works contract. Registered ..
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