Dear All,
1)A transfered the rs 150000 in to B's account as a gift,whether any tax liability comes to B in that fy
2) X gifts the 6 shops to y ,market value of which is (250000*6)=15,00,000 Rs in one fy,Is any tax liabitility comes to y .

With whom to file R T I's 1st Appeal against ICAI as i have not yet received reply for my R T I application, demanding copies of my answer sheets.

On a reading of the various RBI circulars on this subject it would appear that an Indian citizen/resident can freely without prior RBI permission invest in stocks and bonds abroad, up to an amount of 200,000 USD annually.
If my understanding is correct, then
1. Can a CA, banker /stock broker or a financial professional provide administrative
services to the investor and get paid for such services from the mutual fund or Investment advisory firm located overseas? The services provided are ministerial, bookkeeping and interpretative in nature and does not involve sale of or investment advisory in nature, which services may require registration with SEBI.

2. Is the investment advisory firm, which is duly registered in the overseas country be required to register with SEBI or RBI or any other governmental agency? The portfolio management firm overseas has no authority over the invested funds (in the custody of the broker) other than invest the funds under a contract with the overseas investor. This is no different that the arrangement with an investor of the country where the investment advisory firm is registered.

3. The broker/banker or CA in India is not an Agent or Representative of the overseas advisory firm. He/she receives a consolidated statement of activities from the overseas broker directly if permitted by the investor. In such an event could he be paid by the overseas advisory firm or should he/she charge the investor a fee for services?

Thank you in advance.

i didnt receive my final pass certificate can any one help me out what should i do

Chapter 84: Nuclear reactors, boilers, machinery and mechanical appliance; parts thereof
my co. turnover is 200cr. is it compulsory to maintain cost records/ books.
we have no any intimation from MCA or cost audit branch to maintain it
i wants to know about that cost audit or compliece report of cost records are necessory or not ?

Whether gift tax is in still in force?
If yes, which transactions are covered under it? and what is the tax rate?
Wheter gift of immovable property from son to mother or mother to son is covered under this act?

Dear All,

A Foreign resident purchased goods from Indian seller by sending $ as consideration for the goods. He sold the same goods to another Indian purchaser without moving goods to foreign.

I want to know what will be the consequence in FEMA & RBI compliance.



Thanks

Is there really a great need for studying with the reference books for ipcc (may 2012 attempt)..........coz i feel comfortable with the module..

What is the total expenses to open a manufacturing company like ROC,Rent, Infrastructure,What GOVERNMENT Approval required for opening?

dear all
Can i claim loss by theft 400000(cash).. in p&l a/c....?
i m preparing a tax audit report.. is there any problems in future.. i have a FIR copy of that....
plz help...