Bhaskaran Chackrapani Warrier's Expert Profile

Queries Replied : 22307

Graduate of Kerala University.

Fellow member of ICAI.

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DEEPIKA TYAGI says : Permanent Establishment in India
Dear Mr.B.Chackrapani I need the information regarding : Checklist and Formation procedure of permanent establishment in India.Can you help me out if so please send the mail at below mail ID: primecfo@hotmail.com Thanks in advance Deepika Tyagi

Pawan says :
sir, I m woking with a private limited Company, it is a real estate property. A co. has an house propoerty which was acquired atleast 6 years ago, at Rs. 28 Lakhs. now the FMV of that property is nearly abut 450 Lakh. so, ther is huge LTCG, and Compnay wants to minimize its tax burden. As i have just entered in this field, i have no idea abt how should I minimize max. tax. would u plz suggeste me wat do I do.??

vijay says : salary paid to foreigner
Can you suggest me the treatment of given below:- If an Indian Company appoint Foreigner (from Spain) as an employee by appointment letter (currently for six months but it to be continued if its work is satisfactory) from 1st April, 2010. His salary fixed as per contract for Euro 1500 per month (salary paid in foreign currency by wire transfer). He stayed & worked in India (accommodation provided by company for two months in a hotel & after in a rented house & rent paid by company). What is the treatment as per Indian Income Tax (TDS) & DTAA. Can we treat Resident or Non-Resident? Note: - Company wants to make payment for two months salary in foreign currency but he is not having PAN till date. He would be applying for a PAN card after salary received for two months. In this condition what is the treatment of TDS whether it is 20% or 10+20+30 as per tax slab. Sir, kindly suggests me the best & simple option with Example. Vijay Kishore Sharma

Mabu says : MAT Credit u/s.115JB eligibility last 10years
Dear Sir, We paid Income Tax u/s 115JB for the Asst Years 2001-02, 2002-03& 2003-04 but we forgot to Claim. Shall we calim in the Asst Year 2010-11.