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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Akshay Shah says : Pls reply
Hello sir, I have one query relating to issue of shares to NRI. The query is as below, Facts of the case: My client, a newly corporated private limited company has received remittance from one NRI for investment of shares of the Company. The said NRI has paid money from his NRE account with Axis Bank in INR currency and the Company's banker is State Bank of India who has received the fund. Now as per the requirement of the RBI & FEMA, The company shall inform to Regional office of RBI through Ad 1 category bank about receipt of remittance from NRI within 30 days from the receipt of the fund with FIRC which is provided by the Bank who receives the fund. Now issue is the banker of the Company, SBI, the banker of the Company is denied to issue FIRC as it has received fund in indian currency only, not in foreign currency. Due to this problem, I cant intimate RBI as a copy of FIRC is required to be attached with form to intimate to RBI as one of the requirement. So pls reply what should further i do to intimate RBI? Will i get FIRC from the banker of remitter of the fund as first, it has received fund from NRI and then made a payment to the Company?? Pls reply on my query asap.. For more details, you can mail me - fcaakshayshah @ gmail.com I would appriciate your prompt reply.

Mahendra Kumar Soni says : Regarding Offline Filing of FCRA Return.
Dear Sir, One of my Client Contacted me & Asked For Filing FCRA Returns of Last 3 Years of Its Trust.. But If I Am Not Wrong , FCRA Return Can be Filled Only For the Current Year By Online Method.. My Query Is ," Is it Possible to File Offline Returns of last 3 Years?" If Yes Than What is The Procedure? & If NO, Than What Can be the Concequences of Non-Filing of Old Returs?& Should i File The Return Of Just Current Year?? Thanks a Lot in Advance & Sir Please Reply As Soon as Possible as The Last date is 30th November For The Current year..

Prerak says : money to india
my client is living in switzerland he is going to pay me by usd. my bank account is in punjab national bank..so how he can send me , plz tell me details..

Sumasuhas says : TDS U/s 195
B US Company provides online service support to HAL in Inida. Whether TDS is applicable pls clarify. Thanks for your previous reply

solanki payal n. says : capital gain account scheme
please tell me that can NRI open the account under the capital gain deposit account scheme,1988. if yes then what the procedure for it.