Savan Somani

Procedure to avail One Day Liquor License in Maharashtra

Excise Duty - New procedure is being Implementation to avail One Day Liquor License As per State Directorate of Accounts and Treasuries Maharashtra, now it is semi online manual but in coming months it will be online....

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Service Tax on Directors & Security Services – Analysis

Excise Duty - ON DIRECTORS SERVICES - In the absence of mention of any date in the notification, it shall be effective from the date of publication in official gazette i.e. 7th August, 2012. For services provided between1st July, 2012 to 6th August, 2012, directors will be liable to charge service tax....

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Genesis of CDR Mechanism in India

Excise Duty - In a notification issued by RBI said that promoters of companies seeking debt recast could be allowed to bring in 50 per cent of their sacrifice upfront and the balance within a period of one year. The RBI's decision follows representation by banks and the Indian Banks' Association that corporates under stress are finding it difficult to ...

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Method To Calculate FMV of Unquoted Shares

Excise Duty - The fair market value of the shares= (i) as may be determined in accordance with such method as may be prescribed, or (ii) as may be substantiated by the company to the satisfaction of the Assessing Officer, based on the value, on the date of issue of shares...

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Recent Posts in "Savan Somani"

Procedure to avail One Day Liquor License in Maharashtra

New procedure is being Implementation to avail One Day Liquor License As per State Directorate of Accounts and Treasuries Maharashtra, now it is semi online manual but in coming months it will be online....

Read More
Posted Under: Income Tax | ,

Service Tax on Directors & Security Services – Analysis

ON DIRECTORS SERVICES - In the absence of mention of any date in the notification, it shall be effective from the date of publication in official gazette i.e. 7th August, 2012. For services provided between1st July, 2012 to 6th August, 2012, directors will be liable to charge service tax....

Read More
Posted Under: Income Tax | ,

Genesis of CDR Mechanism in India

In a notification issued by RBI said that promoters of companies seeking debt recast could be allowed to bring in 50 per cent of their sacrifice upfront and the balance within a period of one year. The RBI's decision follows representation by banks and the Indian Banks' Association that corporates under stress are finding it difficult to ...

Read More
Posted Under: Income Tax |

Method To Calculate FMV of Unquoted Shares

The fair market value of the shares= (i) as may be determined in accordance with such method as may be prescribed, or (ii) as may be substantiated by the company to the satisfaction of the Assessing Officer, based on the value, on the date of issue of shares...

Read More
Posted Under: Income Tax |

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