Is it advantageous for incorporating a company as foreign wholly owned subsidiary???? What advantages does it have?? Or it can be incorporated as a separate private limited company in India itself

I am a Company Secretary Final passed students & also a C.A.fianal student, currently pursuing Articleship of C.A. from Mumbai. I am interested in teaching B.Com, C.S. & C.A. students but seek assistance to start teaching career. Anyone who can help me,can contact me on prt.mehta@gmail.com.

Regards,
Preeti

can we setoff the short term capital (mutual fund ) for current year business profit . please sugest relating Section .

Incorporating a company as Foreign Wholly owned Subsidiary and a Limited company Advantages and Dis - Advantages??

An assessee neither declared rent income (chargeable under income from house property) nor claimed credit for the TDS on such rent income in his ROI.

1) On what amount would the “tax sought to be evaded” calculated for purpose of section 271(1)(c) of the I. T. Act?
a) Gross rent received
or
b) Income chargeable under the head income from house property i.e. gross rent less deduction u/s 24(a).

2) Would the TDS on such rent income (for which no credit was claimed in ROI) be reduced from the tax on rent income to arrive at the “tax sought to be evaded” for purpose of section 271(1)(c) of the I. T. Act?

Thnks & Regards
Niki

Does “tax sought to be evaded” for the purpose of section 271(1)(c) of the I. T. Act include surcharge and education cess?

Thnks & Regards
Niki

In case there is a mistake in calculating the amount of penalty, can the order u/s 271(1)(c) of the I. T. Act be rectified u/s 154 of the I. T. Act?

Thnks & Regards
Niki

A firm is registered under Karnataka VAT Act dealing with polished granite tiles, Now they want to export their product to Nepal. What procedure is to be followed;

1) What documents should be accompanied while transporting the same?

2) Whether export licence is necessary for such transcation?

3) What documents(viz H-Form, Bill of Lading etc) should be procured to declare it as an export?

4) Whether the same can be sold at local rate of tax @ 12.5%

Please help me out. Thanx in advance..

Dear All,

I have doubt in mind that existing Pratmentship firm need to convert to new LLP act ?

Hi,
I had registered for PE II and had exhausted my 5 attempts in 2007 may. Can any1 tel me if i have to reregister shal i directly enrol for PCC as per the transition scheme or i have to clear CPT also. Also clarify if PCC is different from IPCC and if either PCC or IPCC can be chosen at our option? what is the procedure to enrol for PCC/IPCC? When can i appear for exams from the date of registration? Is there any time limit within which the PCC/IPCC to be completed? Pls help me.........