Bhaskaran Chackrapani Warrier's Expert Profile

Queries Replied : 22307

Graduate of Kerala University.

Fellow member of ICAI.

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CA. BIJENDER KR. BANSAL says : Foreign Equity Participation ????
A foreign company wants to open chain of Retail outlet of beverages (Juices). The juices they will sell , will be of specific formulation. They intend to register a company in India under Companies Act 1956, in which shareholdings consists Indian Promoters also. How much Equity Participation of Foreign Entity is allowed ? Can Indain Company also raise ECB(External Commercial Borrowings from the foreighn shareholders ) apart from Equity particiaption?? Please give feedback on it .

saravana kumar says : Section 80CCF
Hi, can anyone explains me whether investing money in Long Term Infrastructure bonds is benefitial or investing the money in Mutual Funds for the FY 2010-2011.

sumit jain says : contract act
dear sir, please tell me Drawing Amount from ATM is _____ a) Tacit Contract b) Executed Contract c) Executory Contract d) Formal Contract.

G.D. SINGLA says : DTAA WIH INDONESIA
MY NRI CLIENT EMPLOYED IN INDONESIA IS PAYING HIS DUUE TAXES THERE. HE HAS INTREST INCOME IN INDIA OUT OF WHICH ONE IS FROM SBI. SBI HAS DEDUCTED 10% AS TDS ON THAT INTREST INCOME. MY QUERRY IS WHETHER THIS INCOME IS TO BE ADDED TO HIS OTHER INDIAN INCOME AND TDS TO BE CLAIMED AS TAXES PAID OR THIS SBI INTT INCOME IS NOT TO BE ADDED TO OTHER INCOME AND TDS DEDEUCTED IS ASSUMED TO BE THE TAX LIABILITY PAID. THE OTHER DEDUCTERS HAVE DEDUCTED TAX AT FULL RATES. PLS ADVISE THE TREATMENT FOR THIS.

Cutonite says : WCT
Is WCT applicable on printing bills? there is only a single bill frm the supplier without any break up. Wheter WCT to be deducted? if yes at what rate? Ranju Nair