CA. Anuj Gupta's Expert Profile

Queries Replied : 1319

About me

I am a CA with more than 16 years post qualification experience in International Taxation , NRI Taxation , FEMA ,FCRA , FDI/FIPB Approvals and Transfer Pricing. I am also a qualified Company Secretary and DISA from ICAI, who has also sucessfully completed the Certificate Course on International Taxation conducted by ICAI. I was the Member of the Committee of International Taxation, ICAI for the year 2010-11. I was the Member of the FEMA & International Taxation Research Study Group of NIRC of ICAI for the last 3 years. I am currently Covenor of Study Circle on FEMA & International taxation of Delhi Chapter of The Chamber of Tax Consultants, Mumbai and Member of Infotech & 4i Committee of Bombay Chartered Accountants Society, Mumbai.

femaquery @ gmail.com 0-9810106211

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Tanu Goel says :
Sir, in response to your query replied by you on 28th Feb 2011 I want to clarify that as regard training fees it is decided in Lloyds Register Industrial Services (India) Pvt. Ltd. v. ACIT, Appeal No.: ITA No. 940 & 7628/Mum/04, Decided on: November 4, 2009 Training Fees is not fees foe technical service so its attract no tds as it has no permanent establishment in India.

purna chandra says : nri taxation
dear sir, i want to remit tour expenses to one of the hotels in hongkong. am i supposed to deduct tax. if so at what rate??? what about dtaa with hogkong??

Sanjeev Kumar says : FEMA
Dear Sir, One of my client's brother is residing in USA. He has sold an house in Haryana for Rs. 100 Lacs and have deposited the same in his NRO account. now from USA he has send me a request to issue form 15CB to his brother in India so as to enable him to send $100000 out of this account. What documents and precautions should I take before issuing form 15CB? Regards Sanjeev Arora (CA)

mohd shah Alam says : urgent reply to ITO
Dear Expert, I have received a notice from income tax office in which they asked me to furnished " Statement of affairs for the year ending 31/03/2009,31/03/2010 and 31/03/2011" PLz tell me I show only Profit & loss A/c & B/S only or their total books of Account. My Next query is wheather ITO officer may ask by a simple notice ( without mention any sec over it) to furish their staement of affair, Is this notice is valid wording of notice is.... To Mr..... ....... Subj: Enquiries regarding Tax status under income tax,1961 You enjoying income beyond taxable limit in preceding years, you are required to produce following document( Statment of Affair) at ITo ofice.

Srihari says : Venture Capital
Dear Sir,please provide the complete exit procedure of Venture Capital, our management planning mobilize the funds from VC, the total period of Agreement 4 year after completion of same how we can mobilise the funds, what way we can calculate the valuation of the co. at that time