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Vishal D Shah's Expert Profile

Queries Replied : 277

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About me

FEMA & International tax consultant

    What kinds of questions I can and can't answer?
    Questions on FEMA & International Tax

    My area of expertise
    FEMA

    My experience in the area (years):
    5

    Organizations I belong to:
    Jayantilal Thakkar & Co Dosi & Jain

    Publications or writing which has appeared :
    No

    Educational credentials:
    B.com, ACA

    Award & Honors:
    Speaker at various forums on area of interest.

  • Bipin Tripathi says : Domain name sale/purchase from Outside India.
    Does domain name sale/purchase from Outside India is Taxable?

  • Gauri CS, LL.B says : Susbscribed capital of Indian subsidiary
    If a Foreign holding Company (i.e. 'X') subscribes for Rs. 8,00,000 shares for a newly Private Ltd. Company to be incorporated and now Company is formed say on 3rd April, 2012. X brings only Rs. 2,00,000 on 30th April, 2012. In board meeting conducted on 1st May, 2012 Boar confirms allotment of shares for Rs. 2,00,000 to 'X'. for filing FC-GPR. What will be shown in balance sheet on the closing of financial year for Income tax and Companies act purpose. Subscribed capital and paid up capital. What are the consequences and auditor's remark if entire subscribed capital is not brought before closing of the financial year. In MOA we write minimum paid up capital will be Rs. 1,00,000. Even in Annual return can we show it as Authorised 15,00,000, subscribed 8,00,000 and paid up capital 2,00,000? How it is to be shown for income tax as balance sheet will be dated 31st March, 2013. Nw what will be the decision of the Indian subsidiary co. as per companies act to close financial year on 31st March, 2013 or some other date.

  • Asil says : Domain Name Registration : Whether TDS applicable
    Dear Sir, I registered as reseller @ resellerclub.com I have registered few domain for my client and raised invoice. Is it correct from customer to deduct TDS. Can you please advice. Regards, Asil Kewal


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