Prakash Sachin & Co.
Prakash Sachin & Co.
Prakash Sachin & Co., a Chartered Accountants firm provides various professional services to its clients. The client list includes Foreign Companies, Multinational Companies, Public Limited Companies, Limited Companies, Private Limited Companies, International, NPO etc.
The firm main practice area is the Foreign Exchange Management Act (FEMA), International Taxation, Transfer pricing related matter, Structuring of inbound and outbound investments, structuring of offshore funds, taxation of the EPC contracts, Taxation of the E- commerce transaction and & WTO related issue, Direct and Indirect taxation and its related regulatory compliance and litigation apart from the regular audit and assurance related matter.
The firm practice area in Indirect tax includes the matter covering Central Excise, Service Tax, Customs and Central Sales Tax Matter and State VAT.
News & AmendmentsIndustries Ministry wants Customs duty on capital goods raised 03 January 2014
The Ministry of Heavy Industries has told the Parliamentary Standing Committee on Industry that it favours an increase in customs duty on capital goods.In its response to the panel’s recommendation, the Ministry said that the prevailing rate of 7.5 perGovt lowers tariff value on imported gold, silver 03 January 2014
The government has reduced import tariff value of gold and silver to $392 per ten grams and $638 per kg, respectively.Import tariff value is the base price at which customs duty is determined to prevent under-invoicing.The tariff value on imported gold eaCommon return for service tax, excise duty on back burner 06 January 2014
After a Goods & Services Tax (GST), implementation of another indirect tax reform, it turns out, is unlikely to see the light of day soon. The finance ministry is leant to have put its plan to harmonise service tax and central excise duty returns on the bDirect and exclusive NRI Desk expenses incurred by head office not hit by section 44C 18 January 2014
Bank of Bahrain & Kuwait Vs. DCIT (International Taxation)- ITAT-Mumbai., Appeal No. I.T.A. No.7781/Mum/2010, DATE OF ORDER: 30.09.2013Depreciation allowable on BOT Assets despite Assessee not being the owner 18 January 2014
DCIT vs. Swarna Tollway Pvt. Ltd (ITAT Hyderabad), ITA No. 1184/Hyd/2013 , Date of pronouncement: 16.01.2014