A foreign company intends to form subsidiary in India. Considering the nature of activity, it requires permission from FIPB for setting up the subsidiary in India. How to approach? Do we need to form the company first? or seek the permission for the formation of the same? where the office of the FIPB is located where the applcation could be made? and which form is to be forwarded?

Dear Sir ,

We have exported finished goods from EOU under bond the same material s coming back from customer how we will handel the import in custom ?

Greetings of the day !

I am an icici bank customer with account no. 015401507459 and i have an PAN card no.

I have gone to icici bank janakpuri branch and wanted to make an 5 yrs. tax saver FD of Rs. 40,000/-.

Form 60 details were already updated in my bank account.

I forgot to carry my PAN card to bank.They denied to make FD without PAN card.I told them to show me RBI or Income tax guideline on it.They were unable to show me the same.

Want to know that is there any guideline/annexure/policy/press release on the same. Clarifying that without PAN card , bank cannot issue a 5 yrs. Tax saver FD amounting to Rs. 40,000/- (Form 60 details already with bank)

Also, without PAN card how they have opened my account. Is it allowed to open account without PAN Card ?

Pl. revert asap.

B. Rgds
Jaspal Singh
(MBA + 2nd yr. LLB)

PS : Later-on i had gone to the icici branch with my PAN card and have opened a 5 yrs. Tax saver FD amounting to Rs. 40,000/-. FYIP.

How can a person become a member by estoppel/holding out in a company?Plz expain me.

Please clarify my doubt regarding tax treatment on advance received from tenants by the owner of the house property. I want to know what is the tax treatment for the amount until it is repaid and how it shown in the balance sheet under what head.

Hi Experts, please clarify my doubt.

I am private employee, getting 1.5 lakh per month. I would like to buy an agriculture land so that i can setoff agriculture loss against my salary income to reduce tax burden.I had no other source of income.Please suggest me how to setoff agriculture loss against salary income.

Thanks in Advance

Hi Experts, please clarify my doubt.

I am private employee, getting 1.5 lakh per month. I would like to buy an agriculture land so that i can setoff agriculture loss against my salary income to reduce tax burden.I had no other source of income.Please suggest me how to setoff agriculture loss against salary income.

Thanks in Advance

Hello Experts,please clarify the following doubt.

I am private employee, getting 1.5 lakh per month.To reduce tax burden i would like to buy an agriculture land and to show agriculture loss and to set off against my income from salary.I had no other source of income.

Please suggest how to reduce tax burden with agriculture land.

Thanks in Advance

my query is relating to income tax deducted at source . suppose a company has deducted tax at source and failed to deposit in GOVT TREASURY BY 30 TH SEPT(BEING LAST DATE TO FILE I.TAX RETURN ?WILL ALL EXPENDITURE ON WHICH TDS HAS BEEN DEDUCTED BUT NOT DEPOSITED IN GOVT TRASURY WILL BE DISALLOWED? FURTHER
WHAT IS THE TIME LIMIT TO DEPOSIT TDS WHICH HAS BEEN DEDUCTED IN ORDER TO ALLOWABILITY?

IF IN A PARTICULAR QS-
FOR EG-
AN ENTERPRISE MANUFACTURES A SPECIAL PRODUCT "ZED" THE FOLOWING PARTICULARS HAVE BEEN GIVEN
MONTHLY DEMAND OF ZED -1000 UNITS
NORMAL USAGE 50000 UNITS PER WEEK

SO IN ORDER TO FIND OUT ANNUAL CONSUMPTION FOR CALCULATING EOQ WHAT WILL WE USE WHETHER MONTHLY DEMAND OR NORMAL USAGE ? THIS IS A GREAT CONFUSION AS IN THE STUDY MATERIAL-NORMAL USAGE HAS BEEN TAKEN WHILE IN THE SCANNER- MONTHLY DEMAND HAS BEEN CONSIDERED