Hi All,
I will be highly thankful on advising me on the following matter.

Facts :
My Client is a Pvt. Ltd. Company. The Directors have decided to open a new company whose main object will be to export the glass material, Timber, hand crafts and other goods from India to Italy. My Client has business contacts in Italy. As One of their Clients residing in Italy has offer 50 : 50 Basis Partnership in the new company. So, they have decided to open this new company in partnership (Shareholding) on 50:50 Basis. The registered office will be in India. The Funding will be in Euro.

Query :
1. Whether there is DTAA with Italy ?
2. Whether the New Company will get any benefit as 100 % Export Oriented Unit ?
3. What is the threshold limit for Investment in Indian Company by a Foreign Individual or Concern ?
4. In case of Dividend payments, what is the tax liability ?
5. Whether this new company can take Foreign Loans ?
6. What are the FEMA provisions regarding the above issues ?

Can someone provide me the information relevant to the above urgently?
CA. Anup Jaiswal
(e-mail : jaiswalbrothers@ymail.com)

Hello Experts

Will you please advise me that what is included in tuition fees which is deductible under threshold LIMIT of Rs. 1 lac u/s. 80C????

Fees receipts may include following;

1.Term Fees
2.Tuition fees
3.Bus fees
4.Computer Fees
5.Other activity fees
6. etc.

So please guide me that out of above which amount will be eligible for deduction u/s. 80C.

Thanks
Rohit

sir,
my communucation address have changed n i need to change my CA communucation addrs. so could i have ask u the process of chnge in adrs of communucation.
thanks

Dear friends, our company is going to become a sponsor in a seminar. The organisor have raised a bill of Rs. 1 Lac for the same. Have we to deduct tds on it? In which section 194C or 194J?

ur factory buys & uses a component for production at rs. 10 per piece. Annual requirement is 2000 mos.
Carrying cost of inventory is 10percent p. a. & ordering cost is rs. 40 per order. Purchase manager argues that as ordering cost is very high, its advantage to place a single order for entire annual requirement. he also says that if we order 2000 at a time we can get a 3 percent discount from the supplier. Evaluate this proposal & make ur recoomendation?

what is rate of cst without c form in the current year.Plz mail me on mail ID as quickly as possible.

what is the rate of Cst without C form.Plz send me on my mail ID.

I want to know that - How can I protect the access of my folder, so that -

only by typing the password, folder files can be access, or delete the folder and without knowing the password, no body can delete the folder from its present location or access it.

Dear Sir,
i want to know if an employeer provide a facilities of Concessional loan @6% on reducing balance.So how i will caculate value of perquisite.

Thanks,

Rahul Rana

if i want provide provision for fbt, for this entry...

fbt a/c dr.
to fbt payable ,

fbt ledger can be created under indirect expenses , is it correct or not.

fbt payable normally created under provisions