RULES WITH REGARD TO KYC AND FIRC

One of my relative have been offered a job in the Company for a period of 6 months as a "Trainee". During this period, he will work for the Company on their differrent projects, but, neither he will be paid for it nor he will pay anything to the Company for seeking training.

How Company will treat in their record ? An employee/trainee/consultant ? Without mking any payment or receiving any amount, how HR will issue necessary letters before and after the training gets over ?

In case we are providing coaching then we will have to pay service tax on the fees we are receiving but i want to know will i have to pay income tax on the total fees i'll receive

Now i am valuing pvt ltd company's equity shares which is mfging alluminium ingots for auto anciliary unit. for this purpose i required comparable co's required rate of return which is depend on risk factor, name of listed co's with whom i will compare this unit, methods of valuation in details & also any other recommendation on the above matter.

THANKING YOU,
DEEPAK TOSHNIWAL

whether the approval of SEBI/CCI is to be taken for the private limited company to issue shares at premium.

What is the Liablity of company to deduct Pf on contract labour

while i m joining a new principal after taking transfer what should be the balance period of articleship to be mentioned under the new principal if th previous employer has mentioned in form109-gross period for which worked under him =20 months and net period excluding the leave taken(4.5months)=15.5 months pls suggest me on this

1 )What is High sea purchase and High sea sale? and what is the accounting treatment for the same ?

2) What is Purchase for High sea sales?
what is the accounting treatment for the same?

Dear All Can One Person be the Owner or Proprietor of more then one Proprietorship Companies and He is Dealing in Different types of Business.
Thanks in Advance Pls Reply Me

Hi Dear..

We are a STPI unit hving a parent co.in USA, now we r going to purchase some chairs from malaysia costing around $28k, can our parent co. make the payment against it?? will there any problem concern to STPI, Income - Tax or FEMA??? waiting for your reply..

Nazir