shyam
25 May 2013 at 19:41

Itr 1

Are you Governed by Portugese Civil Code under Section 5A?
this is one option in ITR 1 . it mean what?


CA Manish Jain
25 May 2013 at 19:07

Form 8 in case of car loan

Dear Sir,
can you provide the fillup form 8 of any co whoes take car loan for his employee and charge registered with the roc.
thanks in advance
please reply soon


Rajesh Shah
25 May 2013 at 18:47

Setting up company in hong kong

I am an Indian resident in the business of imitation jewellery. One of my primary markets is Hong Kong and China. I frequently travel to Hong Kong & China for business.

I am looking to set up a company in Hong Kong which. The company will do trading outside India (that is buying from suppliers located outside India, and selling to clients located outside India). So the profits that will be generated will be purely foreign income (without any link to India).

My questions are as follows:

1) First and foremost: Is any prior permission of RBI required for setting up a company in Hong Kong by Indian resident individual?

2) I assume that it will be necessary to show the profits generated in the foreign company as foreign income in my books of accounts in India, correct? In such a case, will I have to pay taxes on the income of the Hong Kong company both in Hong Kong as well as in India? Is there a way to avoid such double-taxation on the same income?

Thanks in advance for your assistance.


Rajesh Shah
25 May 2013 at 18:44

Setting up company in hong kong

I am an Indian resident in the business of imitation jewellery. One of my primary markets is Hong Kong and China. I frequently travel to Hong Kong & China for business.

I am looking to set up a company in Hong Kong which. The company will do trading outside India (that is buying from suppliers located outside India, and selling to clients located outside India). So the profits that will be generated will be purely foreign income (without any link to India).

My questions are as follows:

1) First and foremost: Is any prior permission of RBI required for setting up a company in Hong Kong by Indian resident individual?

2) I assume that it will be necessary to show the profits generated in the foreign company as foreign income in my books of accounts in India, correct? In such a case, will I have to pay taxes on the income of the Hong Kong company both in Hong Kong as well as in India? Is there a way to avoid such double-taxation on the same income?

Thanks in advance for your assistance.



Anonymous

What is the refund procedure under Maharashtra Value Added Tax.


Kapil Bhatia
25 May 2013 at 18:31

Provident on machinery

It is bring to your notice that I had given own Machinery and Building on lease to someone Limited Company. Now company wants to windup the business and interested to return my machinery and building with dues. can i accept it or not.

Also, someone person has told me that if i received back machinery from company. Then i have to paid provident of workes on the behalf of company. Is it True or not.


iakhan ishrat ali khan
25 May 2013 at 17:50

Tax laiabilites

our assesse has received an agriculture land as grant from his parents and he is selling that in Plot

now how can calculate his taxable income



Anonymous

Dear experts..
Plz let me knw which finance act applicable for may 2014 exams



Anonymous
25 May 2013 at 17:37

Return of lic agent

Sir,
Please guide about filing of return of LIC Agent. What sort of expenses are allowable as deduction? In business head where to claim those expenses?

Thanks in anticipation.


Nishu Jain
25 May 2013 at 17:36

Work contracts and cenvat credit

I am confused about the notification 24/2012 which says in its Explanation 2 that the Service Provider can not get CENVAT Credit. Wheather this explanation is regarding option 2 (abatement Value) or option 1 (Service portion only).

Moreover,is there anything different in Reverse Charge Mechanism w.r.t. work contract i.e. POT, raising of Invoice, Cenvat Credit, refunds etc. or all these process are same for Work Contract also as other services in RCM





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