Bhaskaran Chackrapani Warrier's Expert Profile

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Graduate of Kerala University.

Fellow member of ICAI.

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Krunal Parekh says :

Krunal Parekh says :

Krunal Parekh says : LOOKING FOR AN ANGEL INVESTOR
Dear Sir, We introduce ourselves as Varsha Import & Export Co. newly formed and willing to establish in the Indian Market for the raw material supplies mainly required in Iron & Steel Industries. India being one of the major Steel Producers and Exporters raw material such as metal scrap (ferrous melting scrap) plays a major role where import is concerned. The tremendous demand and short supply has always been a major key role for the trading companies as well as steel importers and exporters. Our product also reflect the same for which we wish to contribute our participation in this major demanding market. With the experience of facilitating as a broker in this market for last 5 years plus, we have been able to manage good relationship in the market. We are not only able to procure the best quality material whether it is domestic or overseas but also we have capabilities to sell the same at the right price through the correct channels. In the past 5 years we have also achieved experience from the overseas market in China, Hong Kong, Singapore and Dubai (U.A.E) Our aim is to start the business with the small quantity of around 150-200 metric tons (MT) for which the estimated cost is around Rs. 5,000,000/- (Rupees Fifty Lacs Only) which includes the cost of the material, duties and other charges, also includes the basic infrastructures such as a ware house and traveling expense (to the origin where-in the material has to be loaded), other minor miscellaneous expenses. Since we expect to procure the material from nearest transit point/origin i.e. mainly from Dubai (U.A.E) having the transit period of just 6 days to the destination port Nhava Seva, Mumbai (India) we, therefore can comfortably move 3 (three) consignments per month or possibly 7 (seven) consignments an average of 2 (two) months. As per our projections and analysis we conclude to have the minimum estimated profit of at lest 10% (ten per cent) excluding all the expenses) on monthly average basis with the above calculations and investments. Higher the turn- over bigger the margin of the profits would be - is our motto. Believing in work is our worship, we have managed to make relations with the manufacturing units and graded traders in Maharashtra as well as in North India such as Gujarat, Punjab and Rajasthan. For detailed project report and projections, if you can let us know the email address where we can send you, it would be a honor to get in relation with you. Further, we wait to hear from you. Thanking you and looking forward for a fruitful relationship in our near future. Yours Sincerely, Krunal Parekh For Varsha Import & Export Co.

MURALI says : Tax Audit u/s 44AB
Dear Sir, i have earned facilitation fee (commission) of Rs.30 laks from RMP. whether this receipts wil be treated as Business Income or Professional Income for Tax Audit u/s 44AB

Pragnesh says : Regarding service Tax
Dear Sir, I am about to start my company that will work as a mediator between supplier and customer. We will take inquiry from customer and pass it to all relevant supplier. After getting the min price, we will take purchase order from Customer (in favor of our company). Now we will send PO (from our company) to the supplier who has given min price. Supplier will bill to us and now we will receive the material and inward it and then release Invoice in favor of Customer. In this case some time we will take order with material and some time only job work ( in job work case, customer will give material and supplier will only do job work on material i.e. machining) our turnover will be more than 10 lacs. Can you please advice about service tax for his kind of business? urgently needed .... Pragnesh 9974066464