tag:blogger.com,1999:blog-72674700890862039472024-03-05T14:14:32.283-08:00Best Service Tax Consultants in Delhi, Company Formation, Company Registration and TDS return Rajput Jain & Associates is a Chartered Accountants firm in Delhi. We provieds book keeping services,company registration, service tax registration, service tax,TDS return, company formation etc.
Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.comBlogger55125tag:blogger.com,1999:blog-7267470089086203947.post-49550156844227114962020-02-27T20:16:00.000-08:002020-02-27T20:16:24.773-08:00Secrets to make your CA firm stand out from the rest<div dir="ltr" style="text-align: left;" trbidi="on">
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<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify; vertical-align: baseline;">
<span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Nevertheless, Top CA Firm requires more than outstanding
accounting skills. Apart from hiring and training productive staff, <a href="https://carajput.com/" target="_blank">Best Chartered Accountant Firm</a>
needs support for facilities, conferences, supplies, office rental,
subscriptions, etc. This takes care of multiple aspects at the same time to make the chartered accountancy practice stand out on the market. Technical expertise, industry reputation, and good customer liaison go a long way in differentiating your company and ensuring your practice's sustainability<o:p></o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjo1YGssEGH6MgyYVbbB3Yk1D1FMbnyaqxKVzo8WiA2iOn0Od4t3cbx0VJqEuttfQ89jqj5yCctc6iVkneRvtvDEH6Lc9Gf2U7olxuonzesESkWagttjkPI1Etww92-uPJwvZ70T0MOWpUe/s1600/images.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="126" data-original-width="400" height="201" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjo1YGssEGH6MgyYVbbB3Yk1D1FMbnyaqxKVzo8WiA2iOn0Od4t3cbx0VJqEuttfQ89jqj5yCctc6iVkneRvtvDEH6Lc9Gf2U7olxuonzesESkWagttjkPI1Etww92-uPJwvZ70T0MOWpUe/s640/images.jpg" width="640" /></a></div>
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<b><span lang="EN-US" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a4a4a; font-family: "Bookman Old Style", serif;"><span style="background-color: white;">Here are some secrets to establish your CA firm stand out from the rest and
become Top CA Firm.</span></span></b></h3>
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<span class="word"><span lang="EN-US" style="background: white; color: #252525; font-family: "Arial",sans-serif;"><o:p> </o:p></span></span></h4>
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<strong><span lang="EN-US" style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: major-bidi; mso-hansi-theme-font: major-latin;">1. Emerging Markets Squeezing
Area :<o:p></o:p></span></strong></h4>
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<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt; text-align: left; vertical-align: baseline;">
<span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">There are many companies offering consultancy in the traditional areas, i.e., audit, taxation and other areas such as compliance with ROC, XBRL, annual returns, etc.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt; text-align: left; vertical-align: baseline;">
<span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Rajput Jain & Associates Chartered Accountants is a newly emerging chartered accounting firm that offers extensive professional services including internal audit, external audit or management audit, management consulting, tax (direct & indirect) consulting,
Best Gst Consultants. <o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt; text-align: left; vertical-align: baseline;">
<span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">It also offers accounting services, outsourcing of business processes and management of manpower.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt; text-align: left; vertical-align: baseline;">
<span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Secretarial services, TIN-PAN,Goods & Service Tax related services
and consultants, etc. are also provided. However, in order to foster competitiveness and make a mark for yourself as a CA, you need to think out of the box and cater to emerging areas such as:<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="color: #4a4a4a; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Establish GST practical
aspects and comply with new rules<o:p></o:p></span></div>
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</span></span></span><!--[endif]--><span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Setting up Companies act,
2013 compliance <o:p></o:p></span></div>
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</span></span></span><!--[endif]--><span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Apply the International
taxation provisions <o:p></o:p></span></div>
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</span></span></span><!--[endif]--><span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Direct tax complance <o:p></o:p></span></div>
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</span></span></span><!--[endif]--><span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">IFRS applicability in the
origination <o:p></o:p></span></div>
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</span></span></span><!--[endif]--><span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Valuation application <o:p></o:p></span></div>
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</span></span></span><!--[endif]--><span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Forensic accounting
compliance <o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="color: #4a4a4a; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Entry strategies for
establishing businesses abroad. <o:p></o:p></span></div>
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<span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif;">The growing number of micro, small and medium-sized enterprises (MSMEs), combined with compulsory GST enforcement laws, open up a multitude of leverage opportunities for CAs.<o:p></o:p></span></div>
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<strong><span lang="EN-US" style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: major-bidi; mso-hansi-theme-font: major-latin;">2. Practical Technical
expertise <o:p></o:p></span></strong></h4>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt; text-align: left; vertical-align: baseline;">
<span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Metro cities are extremely competitive with a majority of CAs. Firms today can leverage cloud-based technology to broaden their client base and reach out to clients across multiple locations, including developing areas.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt; text-align: left; vertical-align: baseline;">
<span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Rajput Jain & Associates Chartered Accountants was among the most top firms in Delhi, with offices in Varanasi, Noida and Mumbai. They provide services in BPO, Tax Advisory Services, Merger and Acquisition. Statutory audit services, corporate legislation are other areas of activity.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt; text-align: left; vertical-align: baseline;">
<span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">It has created a strong national presence through the creation of a network of 5 offices and 10 associates, covering almost all regions of the country. With a combination of Partners and Associates, almost all parts of the country have been covered.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt; text-align: left; vertical-align: baseline;">
<span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Today, apart from having a deep knowledge of tax and accounting, modern CAs need to be well-versed with modern technologies such as analytics, cloud computing and auditing. To cater to a large clientele and to integrate best practices in tax and accounting,<o:p></o:p></span></div>
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<span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif;">As a CA, you also need to be competent in the process of risk assessment, control testing and substantive procedures.
Data analytics can help you do this. With the help of data analytics, you can analyze client data correctly and improve the overall quality of the audit.
You will also help your clients better understand their financial data in order to improve their financial performance and efficiency.<o:p></o:p></span></div>
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<span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif;">Today, apart from having subject matter expertise, being technically competent improves your abilities and sets you up as a thoughtful expert in the mind of your client.
A <a href="https://carajput.com/" target="_blank">chartered accountant</a> loan would give you money to implement the latest software, develop advanced skills, and recruit high-quality talent to make the practice more efficient.<o:p></o:p></span></div>
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<strong><span lang="EN-US" style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: major-bidi; mso-hansi-theme-font: major-latin;">3. Good Liaison with Clients<o:p></o:p></span></strong></h4>
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<span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif;">It is your responsibility in a dynamic economic environment to keep your clients regularly up-to-date with the latest developments in government regulations and tax laws.<o:p></o:p></span></div>
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Inform your clients about their compliance and the different economic policies that affect their finances. Communicating with customers over the phone is not always needed. You can use social media or forums to do that.</div>
<o:p></o:p></span><br />
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<strong><span lang="EN-US" style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: major-bidi; mso-hansi-theme-font: major-latin;">4. Quality Customer Service<o:p></o:p></span></strong></h4>
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<span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif;">Excellent customer service for your chartered accounting firm is one of the core effective mantras. The quality of service includes:<o:p></o:p></span></div>
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• Keeping your clients aware of the prevailing accounting and taxation
laws and helping them understand the various nitty-gritty<br />
• Protecting your client’s sensitive data by implementing robust cyber
security solution<br />
• Computational accuracy<br />
Attending tax and accounting related queries promptly<br />
• Understanding your client's business and improving financial outcome. <o:p></o:p></span></div>
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You can boost the customer service variety by using advanced tools and technology such as Big Data and Analytics in your training.<o:p></o:p></span></div>
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<strong><span lang="EN-US" style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: major-bidi; mso-hansi-theme-font: major-latin;">5. Authentic service delivery offered<o:p></o:p></span></strong></h4>
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<span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif;">Authentic service delivery offeredDefining your services clearly is important to you. CAs typically offer the following services:<o:p></o:p></span></div>
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</span></span></span><!--[endif]--><span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif;">Authentic Accounting <o:p></o:p></span></div>
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</span></span></span><!--[endif]--><span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif;">Auditing <o:p></o:p></span></div>
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</span></span></span><!--[endif]--><span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif;">Consulting on GST <o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="color: #4a4a4a; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif;">Acquisition of company <o:p></o:p></span></div>
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</span></span></span><!--[endif]--><span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif;">Transaction Consulting services<o:p></o:p></span></div>
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<span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif;">If you do not provide a particular service, make sure that your customer receives the same details in advance.<o:p></o:p></span></div>
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<strong><span lang="EN-US" style="font-family: "Calibri Light",sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: major-bidi; mso-hansi-theme-font: major-latin;">6. Charging Competitive Fee<o:p></o:p></span></strong></h4>
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<span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif;">To acquire clients, it is important for you to charge them a reasonable fee based on the services offered. Under-quoting is putting pressure on your current finances.It can also lead to a loss of clients when you raise your fees later. Incorrect billing can trap certain practices in a vicious circle of low fees.Obtaining lower fees could lead to low staff remuneration, poor office services and equipment, and low profits, which adds to the strain on your finances.To compensate for this, practices tend to undertake a high volume of low-paid work, which, in effect, keeps the practice from being technologically up-to-date and ultimately leads to minimum
quality products being rendered which leads once again to the receipt of lower fees.<o:p></o:p></span></div>
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<span lang="EN-US" style="color: #4a4a4a; font-family: "Bookman Old Style",serif;">It is therefore necessary to charge a fee that has the right balance between revenue and fees that your clients are willing to pay.
In order, to keep from falling into this ' no-fee trap, ' you can use flexi loans so that, regardless of low fees, you can maintain healthy working capital and get out of this shortcoming.</span><span lang="EN-US" style="font-family: "Bookman Old Style",serif;"><o:p></o:p></span></div>
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Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com1tag:blogger.com,1999:blog-7267470089086203947.post-49526816210355719262019-11-12T22:10:00.000-08:002019-11-12T22:29:45.826-08:00Stipulations necessary to develop a successful CA FIRM/ LLP <div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="background-color: white; color: #4a4a4a; font-family: "bookman old style" , serif; font-size: 12pt; text-align: justify;">Chartered Accountancy One is one of the most lucrative and vital practices in any country. Chartered Accountants are regarded as practitioners with a solid knowledge of accounting, regulation, taxes, auditing and other financial subjects.</span><b style="background-color: white; color: #4a4a4a; font-family: "Bookman Old Style", serif; font-size: 12pt; text-align: justify;">
</b><span style="background-color: white; color: #4a4a4a; font-family: "bookman old style" , serif; font-size: 12pt; text-align: justify;">Below is the requirement to establish a successful running <a href="https://carajput.com/" target="_blank">Top CA firm</a>.</span><br />
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<strong><span lang="EN-US" style="font-family: "calibri light" , sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: major-bidi; mso-hansi-theme-font: major-latin;">1. Technical Proficiency
Staff <span style="mso-spacerun: yes;"> </span></span></strong></h3>
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<span lang="EN-US" style="color: #4a4a4a; font-family: "bookman old style" , serif; font-size: 12.0pt;">Skilled and motivated employees are required for the success of any organisation.
The central problem most CA companies face today is retention of workers.<o:p></o:p></span></div>
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<span lang="EN-US" style="color: #4a4a4a; font-family: "bookman old style" , serif; font-size: 12.0pt;">The attrition rate of posts, trainees and junior accountants is extremely high, leaving companies to look out for fresh ones time and time again.The working environment is very structured and organized.
A meritbased culture where successful performers are given the opportunity to learn new skills and experience.the attrition rate of posts, trainees and junior accountants is extremely high, leaving companies to look out for fresh ones time and time again.<o:p></o:p></span></div>
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<strong><span lang="EN-US" style="font-family: "calibri light" , sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: major-bidi; mso-hansi-theme-font: major-latin;">2. Applicable Trade License
& Government Approval</span></strong></h3>
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<span lang="EN-US" style="color: #4a4a4a; font-family: "bookman old style" , serif; font-size: 12.0pt;">According to the basic principles of the state government, a CA firm is required to register and register for a professional tax registration, approval by the Municipal Corporation and a commercial license.
Chartered Accountants may set up a CA branch office anywhere in India, irrespective of where you are registered or head office.<o:p></o:p></span></div>
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<strong><span lang="EN-US" style="font-family: "calibri light" , sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: major-bidi; mso-hansi-theme-font: major-latin;">3. Infrastructure and Office
Running </span></strong></h3>
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<span lang="EN-US" style="color: #4a4a4a; font-family: "bookman old style" , serif; font-size: 12.0pt;">Ensuring your CA firm's high-end office location is becoming important in the competitive world. The equipped office is completed with technical expertise and infrastructure.<o:p></o:p></span></div>
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<span lang="EN-US" style="color: #4a4a4a; font-family: "bookman old style" , serif; font-size: 12.0pt;">However, renting or hiring a property at prime locations can burn a hole in your pocket.Chartered Accountants
Acquiring an official property at Connaught Place in New Delhi cost you around 2-3 lakh per month.<b>
</b>Add electricity and computer costs to it, and it's going to pile up like a mountain of expenses.<o:p></o:p></span></div>
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<strong><span lang="EN-US" style="font-family: "calibri light" , sans-serif; mso-ascii-theme-font: major-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: major-bidi; mso-hansi-theme-font: major-latin;">4. Latest Use of Technology</span></strong></h3>
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<span lang="EN-US" style="color: #4a4a4a; font-family: "bookman old style" , serif; font-size: 12.0pt;">In addition to basic infrastructure and good staff, the <a href="https://carajput.com/" target="_blank">best CA firm</a> should also imbibe the latest technology developments to provide workers with the best facilities.<o:p></o:p></span></div>
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<span lang="EN-US" style="color: #4a4a4a; font-family: "bookman old style" , serif; font-size: 12.0pt;">Technological advances such as cloud computing, blockchain technology and automation are revolutionizing accounting techniques.<b>
</b>The 2016 National Accounting Practice Management Survey found that 56 percent of accounting firms use these advanced techniques to improve productivity.
Installation, maintenance of the infrastructure and labor charges for these technical elevations that cost you about 10 lakh, along with monthly maintenance charges.<o:p></o:p></span></div>
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<span lang="EN-US" style="color: #4a4a4a; font-family: "bookman old style" , serif; font-size: 12.0pt;">Such costs could add up significantly and could be a source of damage to your vision of running a successful CA business.
<o:p></o:p></span></div>
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<span lang="EN-US" style="color: #4a4a4a; font-family: "bookman old style" , serif; font-size: 12.0pt;">High training costs and the implementation of the latest technology for your company may come to a standstill, but with Chartered Accountant Loans from banks or Non Banking Financial Corporations, you can turn your business into a highly successful business unit.<o:p></o:p></span></div>
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Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com3tag:blogger.com,1999:blog-7267470089086203947.post-50312333644039351552015-02-23T21:14:00.004-08:002015-02-23T21:14:52.579-08:00FAQ ON IMPORTER EXPORTER CODE (IEC)<div dir="ltr" style="text-align: left;" trbidi="on">
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<b>What is IEC? </b></div>
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<br />IMPORTER EXPORTER CODE ( in short IEC ) is a ten digit number granted by Directorate General of Foreign Trade under Ministry of Commerce and Industry, to any bonafideperson/ company for carrying out import/export. <br /><br /><b>Why IEC is required? </b><br /><br />As per Foreign Trade (Development and Regulation) Act 1992 <br />No person shall make any import or export except under an Importer-exporter Code Number granted by the Director General or the officer authorized by the Director General in this behalf, in accordance with the procedure specified in this behalf by the Director General. <br /><br />IEC forms the primary document for recognition by Government of India as an Exporter/Importer. On the basis of IEC, companies can obtain various benefits on their exports/imports from DGFT, Customs, Export Promotion Council etc. <a href="http://carajput.com/services-SSI-Registration.aspx"><b>SSI Registration Services</b></a><br /><br /><b>Validity of IEC No </b><br /><br />Only one IEC would be issued against a single PAN number. Any proprietor/company/firm can have only one IEC number and in case there are more than one IEC's allotted to a proprietor, the same may be surrendered to the Regional Office for cancellation. An IEC number allotted to an applicant shall be valid for all its branches /divisions /units /factories.<br /><br /><b>Status of IEC & details of IEC holder </b><br /><br />The applicant can know the status of the IEC application using option "Status of IEC Application" on the website of DGFT (http://dgft.gov.in/). Also we can see the details of the IEC holder by using the tab "View your IEC" on the website and we need to enter IEC number and first 3 letters of the holder's name. <br /><br /><b>Duplicate Copy of IEC Number </b><br /><br />Where an IEC Number is lost or misplaced, the issuing authority may consider requests for grant of a duplicate copy of IEC number, if accompanied by an affidavit. <br /><br /><b>Surrender of IEC Number </b><br /><br />If an IEC holder does not wish to operate the allotted IEC number, he may surrender the same by informing the issuing authority. On receipt of such intimation, the issuing authority shall immediately cancel the same and electronically transmit it to DGFT for onward transmission to the Customs and Regional Authorities. <br /><br /><b>Modification in IEC: </b><br /><br />If there are any changes in the details of the applicant like change of name, change of address, additional business places, change of directors the same should be intimated to DGFT (Director General of Foreign Trade) using the same form 'AayaatNiryaat Form - 2A (ANF 2A)'. <br /><br /><b>IEC No: Exempted Categories </b><br /><br />The following categories of importers or exporters are exempted from obtaining Importer - <br />Exporter Code (IEC) number: <br /><br />1. Importers covered by clause 3 (1) [except sub-clauses (e) and (l)] and exporters <br />covered by clause 3(2) [except sub-clauses (i) and (k)] of the Foreign Trade (Exemption from application of Rules in certain cases) Order, 1993. <br />2. Ministries/Departments of the Central or State Government. <br />3. Persons importing or exporting goods for personal use not connected with trade or manufacture or agriculture. <br />4. Persons importing/exporting goods from/to Nepal provided the CIF value of a single consignment does not exceed Indian Rs.25,000. <br />5. Persons importing/exporting goods from/to Myanmar through Indo-Myanmar border areas provided the CIF value of a single consignment does not exceed Indian Rs.25,000. <br /><br />However, the exemption from obtaining Importer-Exporter Code (IEC) number shall not be applicable for the export of Special Chemicals, Organisms, Materials, Equipments and Technologies (SCOMET) as listed in Appendix- 3, Schedule 2 of the ITC (HS) except in the case of exports by category (ii) above. <br /><br /><b>APPLICATION FOR IEC</b><br />An application for grant of IEC number shall be made by the Registered Office of the company to the nearest Regional Authority of Directorate General Foreign Trade in the 'AayaatNiryaat Form - 2A (ANF 2A)' and shall be accompanied by the following documents in case of company:<br /><br />1. Demand Draft of Rs.250 evidencing payment of application fee in favour of the concerned regional office of DGFT. Money can also be paid through Electronic Fund Transfer (EFT). <br />2. Certificate from the Banker of the applicant firm in the specified format <br />3. Photograph on the banker's certificate should be attested by the banker of the applicant <br />4. Copy of Permanent Account Number (PAN) duly signed by authorized director. <br />5. Certificate of Incorporation, MOA, AOA duly signed by the authorized director of the company. <br />6. Rental agreement duly signed by the authorized Director. List of present directors. Copy of board resolution. <br />7. Identity & address proofs of all the directors. <br />8. In case of foreign investment in the company, Copy of RBI approval letter has to be submitted. <br />9. Two copies of passport size photographs of the authorized director. Self addressed stamped envelope. <br />10. Each individual page of the application has to be signed by the applicant. These documents have to be submitted in a flat file</div>
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<br />Know more about information: <a href="http://carajput.com/services-business-consultancy-outsourcing.aspx"><b>Accounting outsourcing services India</b></a> and <a href="http://carajput.com/services-LLP-consultancy.aspx"><b>Tax consulting firm</b></a></div>
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<br />Hope the information will assist you in your Professional endeavors. For query or help, contact: <b>info@carajput.com</b> or call at <b>011-43520194</b></div>
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Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com6tag:blogger.com,1999:blog-7267470089086203947.post-21702892801115755582015-02-17T22:58:00.001-08:002015-02-17T22:58:08.177-08:00CAPITAL GAINS ON SHARE TRANSFER FROM NON-RESIDENT TO RESIDENT. - AO ON VIOLATION OF RBI'S NORMS ON VALUATION OF SHARES<div dir="ltr" style="text-align: left;" trbidi="on">
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<u><span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 10.0pt; letter-spacing: -.2pt; line-height: 115%; mso-bidi-font-family: Verdana; mso-bidi-font-weight: bold;">CASE:-</span></u><span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 10.0pt; letter-spacing: -.2pt; line-height: 115%; mso-bidi-font-family: Verdana;">ZEPPELIN
MOBILE SYSTEM GMBH VS ADIT </span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.5pt; line-height: 115%;"></span></div>
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<span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 10.0pt; letter-spacing: -.05pt; line-height: 115%; mso-bidi-font-family: Verdana;">M/s Zeppelin Mobile Systems India Ltd an
unlisted Indian subsidiary of M/s Zeppelin Mobile </span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;"></span></div>
<div class="MsoNormal" style="margin: 0in 3.45pt 0.0001pt 1pt; text-align: justify;">
<span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 10.0pt; letter-spacing: .05pt; line-height: 115%; mso-bidi-font-family: Verdana;">Systems GmbH (herein after referred
to as assessee) a Germany based company. The </span><span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-bidi-font-family: Verdana;">Indian company is engaged in the business of designing,
manufacturing and assembling of <span style="letter-spacing: -.15pt;">Polyurethanes
Foam based Prefab Structures, Telecom Shelters and derivatives. </span></span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;"></span></div>
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<br /></div>
<div class="MsoNormal" style="margin: 0in 3.5pt 0.0001pt 1pt; text-align: justify;">
<span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-bidi-font-family: Verdana;">During the year, the assessee had sold part of the shares held
by it in its Indian subsidiary </span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;"></span></div>
<div class="MsoNormal" style="margin: 0in 3.5pt 0.0001pt 1pt; text-align: justify;">
<span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 10.0pt; letter-spacing: -.05pt; line-height: 115%; mso-bidi-font-family: Verdana;">to M/s Sintex Industries Ltd and returned
capital gains from such sale on basis of sale price </span><span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 10.0pt; letter-spacing: -.25pt; line-height: 115%; mso-bidi-font-family: Verdana;">of Rs. 390
per share. </span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;"></span></div>
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<br /></div>
<div class="MsoNormal" style="margin: 0in 3.45pt 0.0001pt 1pt; text-align: justify;">
<span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 10.0pt; letter-spacing: -.1pt; line-height: 115%; mso-bidi-font-family: Verdana;">The A.O. made additions in the
total income of the assessee by taking the sale consideration </span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;"></span></div>
<div class="MsoNormal" style="margin: 0in 3.45pt 0.0001pt 1pt; text-align: justify;">
<span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-bidi-font-family: Verdana;">of the shares @ 400/- per share, as against the actual
sale consideration of Rs. 390/- per <span style="letter-spacing: -.15pt;">share
as taken by the assessee in accordance with pricing guidelines of RBI. <a href="http://carajput.com/income-tax-services.aspx"><b>income tax consultant in delhi</b></a></span></span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;"></span></div>
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<br /></div>
<div class="MsoNormal" style="margin: 0in 3.55pt 0.0001pt 1pt; text-align: justify;">
<span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-bidi-font-family: Verdana;">DRP confirmed the assessment order passed by AO. While
doing so, it was observed that, </span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;"></span></div>
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<span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-bidi-font-family: Verdana;">the RBI Guidelines in respect of pricing of shares would be
binding on the assessee since <span style="letter-spacing: -.05pt;">shares are
being sold by a non-resident to a resident, and that the case of the assessee
fell </span><span style="letter-spacing: .1pt;">squarely under Clause 2.3 read
with sub-clause (b) (ii) and Option (C) of the RBI </span><span style="letter-spacing: -.1pt;">Guidelines; that these clauses and sub-clauses in
the RBI Guidelines were binding in nature, </span><span style="letter-spacing: -.15pt;">as they employed the expression 'shall be'. </span>The RBI Guidelines
strictly direct the assessee to adopt the lower of the two valuations required
to be done and the assessee has no choice to negotiate the price; that
therefore, <span style="letter-spacing: -.1pt;">the assessee was wrong in
contending that the Assessing Officer had wrongly observed that the RBI
Guidelines should be adopted; and that therefore, the Assessing Officer was
correct </span><span style="letter-spacing: -.05pt;">in adopting the valuation of
the shares@Rs. 400 per share as against the negotiated price</span><span style="letter-spacing: -.15pt;">of Rs. 390 per share disclosed by the assessee. </span></span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;"></span></div>
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<br /></div>
<div class="MsoNormal" style="margin: 0in 3.5pt 0.0001pt 1pt; text-align: justify;">
<span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 10.0pt; letter-spacing: .05pt; line-height: 115%; mso-bidi-font-family: Verdana;">Whether DRP has illegally confirmed the
action of the AO for taking the value of sale </span><span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-bidi-font-family: Verdana;">consideration @ Rs.400 per share instead of actual sale
consideration received @ Rs.390/- </span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;"></span></div>
<div class="MsoNormal" style="margin: 0in 105.35pt 0.0001pt 1pt; text-align: justify;">
<span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 10.0pt; letter-spacing: -.15pt; line-height: 115%; mso-bidi-font-family: Verdana;">per share a Capital Gain is liable
to be computed at Rs.9,55,73,488/-? </span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;"></span></div>
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<br /></div>
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<span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 10.0pt; letter-spacing: -.1pt; line-height: 115%; mso-bidi-font-family: Verdana;">It was held that RBI Guidelines are
Guidelines for the banks, issued for FEMA purposes. The </span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;"></span></div>
<div class="MsoNormal" style="margin: 0in 0.05in 0.0001pt 1pt; text-align: justify;">
<span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-bidi-font-family: Verdana;">very opening paragraph of these Guidelines shows that they are
addressed to 'Authorised <span style="letter-spacing: .1pt;">Dealer (AD) Banks'.
Thus the duty to examine the compliance or otherwise of these </span>Guidelines
lies squarely within the purview of the 'Authorised Dealer Banks' and not the </span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;"></span></div>
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<span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 10.0pt; letter-spacing: -.25pt; line-height: 115%; mso-bidi-font-family: Verdana;">Income-tax Authorities </span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;"></span></div>
<div class="MsoNormal" style="margin: 0in 3.55pt 0.0001pt 1pt; text-align: justify;">
<span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-bidi-font-family: Verdana;">If the assessee, in the view of the Income-tax
Authorities, had committed any violation of </span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;"></span></div>
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<span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-bidi-font-family: Verdana;">these Guidelines, the appropriate course open to them
was to bring it to the notice of the <span style="letter-spacing: -.05pt;">banks.
Since the Guidelines have been issued for FEMA purposes, it is the FEMA
Authorities </span><span style="letter-spacing: .05pt;">who are competent to take
appropriate action against the assessee on breach of the </span><span style="letter-spacing: -.05pt;">Guidelines. Rather, it is seen that no objection
whatsoever has been raised by the RBI. Had the alleged difference between the
rates existed, thereby constituting a violation of the RBI Guidelines by the
assessee, such violation would obviously have been taken care of and the </span><span style="letter-spacing: -.2pt;">approval would not have been accorded. </span>On
merits also, Sintex Industries Ltd., to whom the shares were sold by the
assessee, has <span style="letter-spacing: .05pt;">not denied such rate of Rs.
390/-per share. Rather, such rate stands admitted in the </span><span style="letter-spacing: -.15pt;">Memorandum of Understanding between the assessee
and Sintex Industries Ltd. </span>In view of the above, finding the grievance
of the assessee to be justified, we accept it as<span style="letter-spacing: -.25pt;">such. Appeal allowed.Know more about information: <a href="http://carajput.com/services-tax-registration.aspx"><b>Service tax registration</b></a> and <a href="http://carajput.com/services-company-registration.aspx"><b>New company registration India</b></a></span></span></div>
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<br /></div>
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<a href="https://www.blogger.com/null" name="_GoBack"></a><span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-bidi-font-family: Verdana;">Hope the information will assist
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Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com2tag:blogger.com,1999:blog-7267470089086203947.post-73143782654634813232015-02-08T23:00:00.002-08:002015-02-08T23:00:22.791-08:00DEDUCTION UNDER SECTION 80G FOR DONATIONUNDER INCOME TAX ACT <div dir="ltr" style="text-align: left;" trbidi="on">
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<b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">INSPITE </span></b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">of all the contributions made to social
causes, there is a huge gap between the demand of money from the needy and the
amount donated by philanthropists. This probably, is the reason why the
Government has given tax benefits on donations. The amount donated towards
charity attracts deduction under section 80G of the <a href="http://carajput.com/income-tax-services.aspx"><b>Income Tax Act</b></a>, 1961.
Section 80G has been in the law book since financial year 1967-68 and it seems
it’s here to stay. Several deductions have been swept away but the tax sop for
donations appears to have survived the axe. The main features of tax benefit
with respect to charity are as follows:</span><b><u><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"><span style="text-decoration: none;"> </span></span></u></b></div>
<u>
</u><div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<b><u><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Allowable to all kind of Assessee:-</span></u></b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"> Any person or
‘assessee’ who makes an eligible donation is entitled to get tax deductions
subject to conditions. This section does not restrict the deduction to
individuals, companies or any specific category of taxpayer.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Donation to Foreign Trust:-</span></b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"> Donations made to
foreign trusts do not qualify for deduction under this section.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<b><u><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Donation to </span></u></b><b><u><span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Political Parties</span></u></b><b><u><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">:-</span></u></b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"> You cannot claim deduction for donations made
to political parties for any reason, including paying for brochures, souvenirs
or pamphlets brought out by such parties.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Only donation made to made to prescribed funds and institutions
qualify for deduction: - All donations are not eligible for tax benefits. Tax
benefits can be claimed only on specific donations i.e. those made to
prescribed funds and institutions.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Maximum allowable deduction:- If aggregate of the sums donated
exceed 10% of the adjusted gross total income, the amount in excess of 10%
ceases to be entitled for tax benefit.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<b><u><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Documentation Required for Claiming deduction
U/s. 80G </span></u></b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"></span></div>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="color: #000066; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l2 level1 lfo1; tab-stops: list .5in; text-align: justify; text-justify: inter-ideograph;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Stamped
receipt</span></b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">:
For claiming deduction under Section 80G, a receipt issued by the
recipient trust is a must. The receipt must contain the name and address
of the Trust, the name of the donor, the amount donated (please ensure
that the amount written in words and figures tally). </span></li>
<li class="MsoNormal" style="color: #000066; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l2 level1 lfo1; tab-stops: list .5in; text-align: justify; text-justify: inter-ideograph;"><b><u><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Mention
of Registration No. of the Trust Under 80G on receipt:-</span></u></b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"> The most important requirement
is the Registration number issued by the Income Tax Department under
Section 80G. This number must be printed on the receipt. Generally, the
Income Tax Department issues the registration for a limited period (of 2
years) only. Thereafter, the registration has to be renewed. The receipt
must not only mention the Registration number but also the validity period
of the registration. </span></li>
<li class="MsoNormal" style="color: #000066; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l2 level1 lfo1; tab-stops: list .5in; text-align: justify; text-justify: inter-ideograph;"><b><u><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Validity
of Registration U/s. 80G on the date of Donation:-</span></u></b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"> The donor must ensure that the
registration is valid on the date on which the donation is given. For
example, the registration of a trust may be valid from April 1, 2007 to
March 31, 2009. Now, if the trust does not get its registration renewed on
or after April 1, 2009 then even if donation receipt is issued by the trust
to the donor for donations received on or after April 1, 2009, the donor
would not get any tax benefit. </span></li>
<li class="MsoNormal" style="color: #000066; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l2 level1 lfo1; tab-stops: list .5in; text-align: justify; text-justify: inter-ideograph;"><b><u><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Photocopy
of the 80G certificate :-</span></u></b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"> Check the validity period of the 80G certificate.
Always insist on a photocopy of the 80G certificate in addition to the
receipt. </span></li>
</ul>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<b><u><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Only donations in cash/cheque are eligible for
the tax deduction</span></u></b><u><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">:-</span></u><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Donations in kind do not entitle for any tax benefits. For
example, during natural disasters such as floods, earthquake, and many
organisations start campaigns for collecting clothes, blankets, food etc. Such
donations will not fetch you any tax benefits.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Donation made by NRI: -</span></b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"> NRIs are also
entitled to claim tax benefits against donations, subject to the donations
being made to eligible institutions and funds.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Deduction if donation deducted from Salary and
donation receipt certificate is on the name of employer:- E</span></b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">mployees can claim
deduction u/s 80G provided a certificate from the Employer is received in which
employer states the fact that The Contribution was made out from employee’s
salary account.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Limit on donation amount: -T</span></b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">here is no upper limit
on the amount of donation. However in some cases there is a cap on the eligible
amount i.e. a maximum of 10% of the gross total income.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Deduction amount U/s. 80G:-</span></b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Donations paid to
specified institutions qualify for tax deduction under section 80G but is
subject to certain ceiling limits. Based on limits, we can broadly divide all
eligible donations under section 80G into four categories:</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">a) 100% deduction without any qualifying limit (e.g., Prime
Minister’s National Relief Fund).</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">b) 50% deduction without any qualifying limit (e.g., Indira
Gandhi Memorial Trust).</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">c) 100% deduction subject to qualifying limit (e.g., an approved
institution for promoting family planning).</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">d) 50% deduction subject to qualifying limit (e.g., an approved
institution for charitable purpose other than promoting family planning).</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">For list of Institution donation to whom is
eligible to 100% deduction without </span></b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">any qualifying limit, <b>eligible to 50%
deduction without </b>any qualifying limit, 100% & Subject to
qualifying limit and of those eligible for 50% deduction subject to qualifying
limit please check the link given below:-</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<a href="http://www.incometaxindia.gov.in/Acts/INCOME%20TAX%20Act/80g.asp"><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">http://www.incometaxindia.gov.in/Acts/INCOME%20TAX%20Act/80g.asp</span></a><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<b><u><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Qualifying Limit:-</span></u></b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"> The qualifying limits
u/s 80G is 10% of the adjusted gross total income. The limit is to be applied
to the adjusted gross total income. The ‘adjusted gross total income’ for this
purpose is the gross total income (i.e. the sub total of income under various
heads) reduced by the following:</span></div>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="color: #000066; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l0 level1 lfo2; tab-stops: list .5in; text-align: justify; text-justify: inter-ideograph;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Amount
deductible under Sections 80CCC to 80U (but not Section 80G) </span></li>
<li class="MsoNormal" style="color: #000066; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l0 level1 lfo2; tab-stops: list .5in; text-align: justify; text-justify: inter-ideograph;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Exempt
income </span></li>
<li class="MsoNormal" style="color: #000066; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l0 level1 lfo2; tab-stops: list .5in; text-align: justify; text-justify: inter-ideograph;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Long-term
capital gains </span></li>
<li class="MsoNormal" style="color: #000066; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l0 level1 lfo2; tab-stops: list .5in; text-align: justify; text-justify: inter-ideograph;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Income
referred to in Sections 115A, 115AB, 115AC, 115AD and 115D, relating to
non-residents and foreign companies. </span></li>
</ul>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Eligible Donation:-</span></b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">There are thousands of
trusts registered in India that claim to be engaged in charitable activities.
Many of them are genuine but some are untrue. In order that only genuine trusts
get the tax benefits, the Government has made it compulsory for all charitable
trusts to register themselves with the Income Tax Department. And for this
purpose the Government has made two types of registrations necessary u/s. 12A
& U/s. 80G. Only if the trust follows the registration U/s. 12A, they will
get the tax exemption certificate, which is popularly known as 80G certificate.
The government periodically releases a list of approved charitable institutions
and funds that are eligible to receive donations that qualify for deduction.
The list includes trusts, societies and corporate bodies incorporated under
Section 25 of the Companies Act 1956 as non-profit companies. </span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<b><u><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Tax benefit depends on rate of Tax applicable
to the Assessee:-</span></u></b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Let us take an illustration. Mr. X an individual and M/s. Y Pvt.
Ltd., a Company both give donation of Rs. 1,00,000/- to a NGO called Satyakaam.
The total income for the A.Y. year 2009-2010 of both Mr. X and Ms. Y Pvt. Ltd.
is Rs. 3,00,000/-. The tax benefit would be as shown in the table:</span></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="mso-cellspacing: 0in; mso-padding-alt: 0in 0in 0in 0in; mso-yfti-tbllook: 1184; width: 100%px;">
<tbody>
<tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="padding: 0in 0in 0in 0in; width: 62.46%;" width="62%"><br /></td>
<td style="padding: 0in 0in 0in 0in; width: 19.18%;" width="19%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Mr. X</span></b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"></span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 18.36%;" width="18%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">MS. Y Pvt. Ltd.</span></b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"></span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 1;">
<td style="padding: 0in 0in 0in 0in; width: 62.46%;" width="62%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">i) Total Income for the year 2008-2009</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 19.18%;" width="19%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">3,00,000.00</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 18.36%;" width="18%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">3,00,000.00</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 2;">
<td style="padding: 0in 0in 0in 0in; width: 62.46%;" width="62%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">ii) Tax payable before Donation</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 19.18%;" width="19%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">15,000.00</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 18.36%;" width="18%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">90,000.00</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 3;">
<td style="padding: 0in 0in 0in 0in; width: 62.46%;" width="62%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">iii) Donation made to charitable
organisations</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 19.18%;" width="19%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">1,00,000.00</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 18.36%;" width="18%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">1,00,000.00</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 4;">
<td style="padding: 0in 0in 0in 0in; width: 62.46%;" width="62%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">iv) Qualifying amount for deduction (50% of
donation made)</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 19.18%;" width="19%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">50,000.00</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 18.36%;" width="18%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">50,000.00</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 5;">
<td style="padding: 0in 0in 0in 0in; width: 62.46%;" width="62%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">v) Amount of deduction u/s 80G (Gross
Qualifying Amount subject to a maximum limit 10% of the Gross Total Income)</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 19.18%;" width="19%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">30,000.00</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 18.36%;" width="18%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">30,000.00</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 6;">
<td style="padding: 0in 0in 0in 0in; width: 62.46%;" width="62%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">iv) Taxable Income after deduction</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 19.18%;" width="19%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">2,70,000.00</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 18.36%;" width="18%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">2,70,000.00</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 7;">
<td style="padding: 0in 0in 0in 0in; width: 62.46%;" width="62%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">v) Tax payable after Donation</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 19.18%;" width="19%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">12,000.00</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 18.36%;" width="18%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">81,000.00</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 8; mso-yfti-lastrow: yes;">
<td style="padding: 0in 0in 0in 0in; width: 62.46%;" width="62%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">vi) Tax Benefit U/S 80G (ii)-(v)</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 19.18%;" width="19%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">3,000.00</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 18.36%;" width="18%">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">9,000.00</span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Note :</span></div>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="color: #000066; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l1 level1 lfo3; tab-stops: list .5in; text-align: justify; text-justify: inter-ideograph;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Education
Cess& Sec. & Higher Educ. Cess has not been included in working of
tax benefit. </span></li>
</ul>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">IILUSTRATION OF BENEFITS UNDER SECTION 80G </span></b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">1. Donations to private trusts</span></b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"></span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Step 1:</span></b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"> Find out the qualifying amount</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">The qualifying amount under this category will be lower of the
following two amounts:</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">a) The amount of donation</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">b) 10 per cent of the gross total income as reduced by all other
deductions under Chapter VI-A of the Income Tax Act such as 80C (PPF, LIC
etc.), 80D (mediclaim), 80CCC (pension schemes etc.).</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">For example, a taxpayer named LaxmiArcelor has taxable salary of
Rs 500,000. He has deposited Rs 70,000 in Public Provident Fund and Rs 60,000
in his company provident fund. He donates Rs 45,000 to CRY (Child Relief &
You) trust. Presuming he has no other income, his taxable income will be computed
as under:</span></div>
<table border="1" cellpadding="0" class="MsoNormalTable" style="mso-cellspacing: 1.5pt; mso-padding-alt: 0in 0in 0in 0in; mso-yfti-tbllook: 1184; width: 597px;">
<tbody>
<tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="padding: 0in 0in 0in 0in; width: 351.0pt;" width="468">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Gross salary</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 92.25pt;" width="123">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Rs 500,000</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 1;">
<td style="padding: 0in 0in 0in 0in; width: 351.0pt;" width="468">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Less: Deduction under section 80C restricted
to</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 92.25pt;" width="123">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Rs 100,000</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 2; mso-yfti-lastrow: yes;">
<td style="padding: 0in 0in 0in 0in; width: 351.0pt;" width="468">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Gross total income (before 80G)</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 92.25pt;" width="123">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Rs 400,000</span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">After making donation to CRY, his qualifying amount for 80G will
be:</span></div>
<table border="1" cellpadding="0" class="MsoNormalTable" style="mso-cellspacing: 1.5pt; mso-padding-alt: 0in 0in 0in 0in; mso-yfti-tbllook: 1184; width: 597px;">
<tbody>
<tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="padding: 0in 0in 0in 0in; width: 351.0pt;" width="468">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Actual amount of donation</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 92.25pt;" width="123">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Rs 45,000</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 1; mso-yfti-lastrow: yes;">
<td style="padding: 0in 0in 0in 0in; width: 351.0pt;" width="468">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">10% of Gross total income as computed above</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 92.25pt;" width="123">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Rs 40,000 whichever is lower</span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Since 40,000 is lower, the qualifying amount will be Rs 40,000</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Step 2: </span></b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Find out actual deduction, The next question
that arises is how much would be the actual deduction? In the case of donations
to private trusts, the actual amount of donation would be 50 per cent of the
qualifying amount. </span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Therefore, in the example given above, since the donation is made
to a private trust, the deduction will be 50 per cent of the qualifying amount
ie 50 per cent of Rs 40,000 = Rs 20,000.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">So,</span></div>
<table border="1" cellpadding="0" class="MsoNormalTable" style="mso-cellspacing: 1.5pt; mso-padding-alt: 0in 0in 0in 0in; mso-yfti-tbllook: 1184; width: 597px;">
<tbody>
<tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="padding: 0in 0in 0in 0in; width: 355.5pt;" width="474">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Gross total income (Before 80G)</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 87.75pt;" width="117">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Rs 400,000</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 1;">
<td style="padding: 0in 0in 0in 0in; width: 355.5pt;" width="474">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Less: deduction under section 80G</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 87.75pt;" width="117">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Rs 20,000</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 2; mso-yfti-lastrow: yes;">
<td style="padding: 0in 0in 0in 0in; width: 355.5pt;" width="474">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Total income (taxable income)</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 87.75pt;" width="117">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Rs 380,000</span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Step 3:</span></b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"> Check upper limitFinally, the deduction under
section 80G cannot exceed your taxable income. For example, if your income
before deduction is Rs 3 lakh and if you have given donation of Rs 5 lakh to
the Prime Minister’s National Relief Fund, please do not expect to claim a loss
of Rs 2 lakhs. Your income will be NIL (Rs 3 lakh – Rs 3 lakh). The deduction
will be restricted to the amount of your income.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<b><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">ii) Donations to trusts/funds set up by the
Government</span></b></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">In this category, the entire amount donated i.e. 100 per cent of
the donation amount is eligible for deduction. There is a long list of 21
funds/institutions/purposes for which donations given would qualify for 100 per
cent eligibility. Notable among this list are: </span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">- The National Defence Fund</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">- The Prime Minister’s National Relief Fund</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">- Any fund set up by the State Government of Gujarat for
earthquake relief</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">The funds that figure in this long list are all set up by the
Government. Private Trusts do not figure in this list.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Thus, in this category of donations, the ceiling of 10 per cent
of the gross total income as reduced by all other deductions under Chapter VI-A
of the Income Tax Act does not apply.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">In the above example, if instead of donating to CRY, had the
donation been given to say, The Prime Minister’s National Relief Fund, then the
calculations would have different as shown below:</span></div>
<table border="1" cellpadding="0" class="MsoNormalTable" style="mso-cellspacing: 1.5pt; mso-padding-alt: 0in 0in 0in 0in; mso-yfti-tbllook: 1184; width: 627px;">
<tbody>
<tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="padding: 0in 0in 0in 0in; width: 355.5pt;" width="474">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Gross Total Income (Before 80G)</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 110.25pt;" width="147">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Rs 400,000</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 1;">
<td style="padding: 0in 0in 0in 0in; width: 355.5pt;" width="474">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Less: Deduction under section 80G</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 110.25pt;" width="147">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Rs 45,000</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 2; mso-yfti-lastrow: yes;">
<td style="padding: 0in 0in 0in 0in; width: 355.5pt;" width="474">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Total Income (Taxable Income)</span></div>
</td>
<td style="padding: 0in 0in 0in 0in; width: 110.25pt;" width="147">
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
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</span><span style="font-size: small;"><i><span style="color: #000066;">Know more about information: <a href="http://carajput.com/Service-Tax-Procedure.aspx"><b>Service Tax</b></a> and <a href="http://carajput.com/services-LLP-consultancy.aspx"><b>Tax Consulting firm</b></a></span></i></span></div>
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<span style="font-size: small;"><a href="https://www.blogger.com/null" name="_GoBack"><i><span style="color: #000066;">Hope
the information will assist you in your Professional endeavors. For query or
help, contact: </span></i></a><span><span style="color: #000066;"> </span></span><a href="mailto:info@carajput.com"><b><span><i><span style="color: #000066; font-family: "Verdana","sans-serif";">info@carajput.com</span></i></span></b><span></span></a><span><span style="color: #000066;"> <i>or call at </i></span></span><b><span><i><span style="color: #000066; font-family: "Verdana","sans-serif";">011-43520194</span></i></span></b></span><span style="mso-bookmark: _GoBack;"><span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 9.0pt;"></span></span></div>
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Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com3tag:blogger.com,1999:blog-7267470089086203947.post-16248596392970170842015-01-11T23:14:00.002-08:002015-01-11T23:14:34.833-08:00OVERCHARGES CHARGES & TAXES IN RESTAURANTS<div dir="ltr" style="text-align: left;" trbidi="on">
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It is Sunday evening. You are in a restaurant. You had nice full course dinner with soup, main course, followed by dessert. You checked the prices before and ordered. However, when the bill came, you were little shocked. The numbers did not match till you came across few items called service tax and service charge which inflated the bill by about 15% to 20%. Since this is Sunday evening and you have been waiting for this for the whole week, you don’t question it and pay. We have all faced this situation in fine dining and not so fine dining restaurant. Almost all of us agree that the extra cost is high but none of us know the charges and taxes included in bill.<br /> </div>
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<b>A simple thing made complicated</b><br /> </div>
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We have an uncanny ability to screw simple things and make it complex. Taxes and charges on seemingly simple stuffs like food and drinks are one such thing where customers are taken for granted. Let’s understand few terms that we see on our food bill often but do not understand.<br /><br /><b>Service charge</b><br /> </div>
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This is charged by the restaurant for the services rendered to you. This money goes to the restaurant. The establishments are free to charge any amount as service charges as there are no guidelines provided by the tax authority. The charge varies from 5% to 10%. Few restaurants don’t charge it. This is equivalent to the tips people usually give to waiters. If you are charged service charge in the bill, don’t pay tips as this charge is supposed to be shared among the staff.<br /> </div>
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Most of us don’t bother about it even when we feel the charges are higher. One reason is that we don’t think anything can be done about it. Secondly, we don’t want to spoil our evening because of this and argue with restaurant manager. However, the ground rule is that if the menu mentions service charges, you have to pay. If it doesn’t, you can question it.<br /> </div>
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<b>Service tax</b><br /> </div>
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Many people confuse service tax with service charges. Service tax is the tax levied by the Government on the services rendered by restaurants. <a href="http://carajput.com/Service-Tax-Procedure.aspx"><b>Service tax</b></a> is same in all states. It is 12.36% on the 40% of the bill. The bill includes your food and drink and the service charge. The restaurant must be air-conditioned for the service tax. The problem here is that most of the customers are taxed at the full bill and not on the 40% of the bill as directed.<br /> </div>
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To make things simple, service tax should be 40% * 12.36% = 4.94% on the total bill. Hence whenever you see service tax on the total bill exceeding about 5%, you can question it.<br /><br /><b>VAT (Value Added Tax)</b><br /> </div>
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There is another tax called VAT (value added tax) that is state specific. The rates can be as low as 5% and as high as 20% depending upon the states. Moreover, VAT for food items and drink are different. Many restaurants might club food items and drink and charge a flat rate on the total bill. In such cases, it is good to ask for separate bills for food and drinks. This should clearly show the different VAT for both the items.<br />Example<br /> </div>
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Let’s see how service charge, tax and VAT work with an example. Suppose you have dined in an AC restaurant and the price of food items is summed to Rs 900. You will be asked to pay service charges (goes to the restaurant) and VAT and service tax (goes to Government)<br /><br />Items Amount<br />Bill of food item 9000<br />Service charge (assuming 6%) 540<br />Sun Total 9540<br />Service tax to be levied on (40% of sub-total) 3816.0<br />Service tax (at the rate of 12.36%) 471.6576<br />VAT @ 12.5% of the sub-total 1192.5<br />Total amount to be paid 11204.16<br /><br />Many times, restaurants charge the highest rate on the total bill. This is general complaint by almost all the customers. Many of the times, we cannot do anything about overcharging. The reasons are not only our unwillingness but also the ignorance of restaurant managers. In many cases though, you can question these items and get your bill corrected. Please remember that this will not be easy. However, you can always question and explain this to the restaurant manager and get your bill corrected. There have been cases where customers were able to reduce their bill.</div>
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Know more about information: <a href="http://carajput.com/services-tax-registration.aspx"><b>Service tax registration</b></a> and <a href="http://carajput.com/services-LLP-consultancy.aspx"><b>Tax consulting company</b></a> </div>
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Hope the information will assist you in your Professional endeavors. For query or help, contact: info@carajput.com or call at 011-43520194<br /> </div>
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Thanks <br />RJA Team <br />www.carajput.com; <br />E-Mail: info@carajput.com; singh.swatantra@gmail.com<br />Off: P-6/90 Connaught Circus, Connaught Place, New Delhi - 110001, India ,<br />India Member of AITC<br />Newsletter <a href="http://www.aitc-pro.com/newsletter_archive.php"><b>click here</b></a><br /></div>
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Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com0tag:blogger.com,1999:blog-7267470089086203947.post-2925418381440428722015-01-04T23:21:00.001-08:002015-01-04T23:21:24.933-08:00Manner of Appointment of Statutory Auditors and Payment of Remuneration<div dir="ltr" style="text-align: left;" trbidi="on">
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<b>i. Procedure to appoint Statutory Auditors in the case of Companies not having an Audit Committee</b><br />a. An Auditor matching his qualification and experience with the size and requirements of the Company shall be chosen by the Board.<br />b. The Board shall then see whether there are any orders or pending proceedings relating to professional matters of conduct against the proposed Auditor before ICAI or any other competent Authority.<br />c. The Board has to see whether he satisfies the eligibility norms specified under Section 141.<br />d. The Board has to obtain a declaration from the Auditor that he is eligible to issue a certificate under rule 4(1).<br />Note: As per Rule 4(1), the Company has to get the eligibility certificate after the Auditor is appointed in the AGM. What if the management finds out if the Auditor is ineligible to issue the certificate after he is appointed? The Board should then take the pains to identify a new Auditor in replacement of the appointed Auditor. To avoid such a scenario, it is suggested that clause (d) be followed.<br />e. The Board has to finalize the remuneration payable to the Auditor in consultation with him and pass the resolution in the Board subject to the approval of the shareholders in the Annual General Meeting. Section 142 requires the Company to quantify the remuneration in the General Meeting.<br />Note: Under the Companies Act, 1956, The Company had the privilege to appoint Auditors in the AGMs on a remuneration that could be decided by the Board at a later date. That era is over.<br />f. With the Board’s consent on the Appointment as well as on the remuneration, the intended resolution to be passed could be mentioned in the AGM NOTICE itself. Here is the model resolution.<br />“Resolved that in accordance with the provisions of Section 139, 141 and 142 of the Companies Act, 2013 read with rule 3(7) of the Companies (Audit and Auditor) Rules, 2014, M/s.ABC & Co, Chartered Accountants, Bangalore be and are hereby appointed as Statutory Auditors of the Company so as to hold the said office from the conclusion of this meeting till the conclusion of the sixth Annual General Meeting on a consolidated remuneration of Rs.22,000 (Rupees twenty two thousand four hundred and seventy two only) for each Audit period unless otherwise revised subsequently at the time of ratifications in the subsequent Annual General Meetings”. for more information: <a href="http://carajput.com/services-Process-ReEngineering.aspx"><b>Book keeping services</b></a><br />“Resolved further that M/s ABC & Co, Chartered Accountants, Bangalore shall in addition to the above remuneration be eligible to reimbursement of all expenses incurred during the course of Audit and availing all such facilities as are extended to them during Audit”.<br />g. The Company shall file an E Form in ADT–1 intimating the Registrar about the appointment of Auditors within 15 days from the date of his appointment<br />h. The Company shall also inform the Auditors about his appointment in the AGM within 15 days of his appointment.<br /><b>ii. Procedure to appoint Auditors in the case of Companies having an Audit Committee</b><br />i. Instead of the Board, the Audit Committee has to go through the process of selection of Auditors as mentioned in Clause (a) to (e) and then recommend to the Board which in turn recommends to the Members for consideration in the AGM.<br />ii. a. If the Board disagrees the recommendation of the Audit committee, it shall refer back again to the said Committee citing reason for disagreement and recommending reconsideration.<br />b. If the Audit committee decides not to reconsider the recommendations made by the Board, the Board shall then record the reason for disagreement and send its own recommendations for consideration to the members to decide in the Annual General Meeting.<br /><b>3. Conditions and Eligibility Criteria for Appointment of Auditors</b><br />The Auditor appointed by the Members or by the Board as the case may be, shall submit a certificate stating that<br />i. He is eligible for appointment and is not disqualified for appointment under the Companies Act, 2013, the chartered Accountants Act, 1949 and the rules and regulations made there under.<br />ii. The proposed appointment is asper the terms provided under the Act.<br />Note: Section 141 and rule 10 list out the eligibility criteria for the Auditors and Section 144 list out services that he should not render either directly or indirectly while serving as Auditor<br />iii. The proposed appointment is within the specified limits laid under the Act.<br />iv. The list of proceedings against the Auditor or Audit firm or any partner of the Audit firm pending with respect to professional matters of conduct as disclosed in the certificate is true and correct.<br /><b>4. Filling up of Casual Vacancy caused due to various reasons in the case of Companies not subject to Audit by the Comptroller and Auditor General of India</b><br />a. In the case of casual vacancy caused by the resignation of the Auditor, the following procedures have to be followed.<br />i. The Board of Directors shall approve the filling up the casual vacancy within thirty days and then recommend such appointments to the members.<br />ii. The members in an Extra Ordinary General Meeting shall confirm and approve the vacancy filled up by the Board on its recommendations within three months.<br />b. In the case of casual vacancy caused by any other reason other than resignation of the Auditor, the Board of Directors has the powers to fill such a vacancy within thirty days.<br />c. In the case of Companies having Audit Committee, filling up of casual vacancy shall be done after taking into account the recommendation of such a Committee in addition to the recommendation of the Board.<br />The Appointed Auditor shall hold office till the conclusion of the next Annual General Meeting<br /><b>5. Filling up of Casual Vacancy in the case of Companies subject to Audit by the Auditor Controller General of India</b><br />i. The Comptroller and Auditor General of India shall fill up the casual vacancy within thirty days.<br />ii. In case the casual vacancy is not filled as mentioned in (i) above, the Board of Directors shall fill such vacancy within the next 30 days.<br /><b>6. Reappointment of either the retiring Auditor or some other Auditor in the place of the retiring Auditor.</b><br />As per Section 139(9) of the Act, the retiring Auditor shall be reappointed at an Annual General Meeting if<br />i. He is not disqualified for reappointment<br />ii. He has not given the company a notice of unwillingness to be reappointed.<br />iii. A special resolution is passed at the Annual General Meeting appointing some other Auditor or providing expressly that he shall not be reappointed.<br />iv. The retiring Auditor shall continue to remain as Auditor till the end of this term viz., conclusion of the sixth Annual General Meeting if no other auditor is appointed or reappointed.<br />Note: This is contrary to rule 3(7) as mentioned earlier.<br /><b>7. Services to be rendered by the Statutory Auditor</b><br />i. The Auditor shall conduct the Statutory Audit the manner in which it is laid down under Section 143.<br />ii. The Auditor in his report shall specify all matters as are enumerated in Section 143 and Rule 11.<br />iii. In case of frauds, the Auditor shall report in the manner laid under Rule 13.<br />iv. Section 146 requires the Auditor to attend either by himself or through his authorized representative who shall be qualified to be an Auditor all general meetings and he shall have the right to be heard on any part of business that concerns him. (However the Company may exempt the Auditor in complying with this provision)<br /><b>8. Services not to be rendered in the capacity as Statutory Auditor</b><br />The Auditor shall not render either directly or indirectly to the Company, or its Holding or Subsidiary Company the following services.<br />a. Accounting and Book keeping service.<br />b. Internal Audit<br />c. Design and Development of any financial information system<br />d. Actuarial Services<br />e. Investment advisory services<br />f. Investment Banking Services<br />g. Rendering of outsourced financial services<br />h. Management Services<br />Any other services as may be prescribed by the Government.<br /><b>9. Restrictions on Term of Office that a Statutory Auditor can hold applicable only to certain class of Companies</b><br />The term of office of an Individual Auditor shall be for five years and for a firm of Auditors shall be for two consecutive terms of five years for the following classes of Companies.<br />a. All listed Companies<br />b. All unlisted Public Companies having a share Capital of Rs.10 Crores or more.<br />c. All Private Companies having a capital of more than Rs.20 Crores<br />d. All Companies not falling under clause (b) and (c) but having Public borrowings from financial institutions, banks or Public deposits of Rs.50 Crores or more.<br />However the Act has given time to comply with the above provisions by the aforesaid companies within a period of three years viz., on or before 31–3–2017.</div>
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Know more about information: <a href="http://carajput.com/services-business-india.aspx"><b>Business financial services</b></a> and <a href="http://carajput.com/services-company-registration.aspx"><b>Start company in India</b></a></div>
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Hope the information will assist you in your Professional endeavors. For query or help, contact: <strong><a href="mailto:info@carajput.com">info@carajput.com</a></strong> or call at <strong>011-43520194</strong><br /></div>
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Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com1tag:blogger.com,1999:blog-7267470089086203947.post-20839165776993838472014-12-29T04:17:00.001-08:002014-12-29T04:17:11.881-08:00COMPLETE PROCEDURE OF REVISE E TDS RETURN <div dir="ltr" style="text-align: left;" trbidi="on">
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If an assessee has filed his income tax return and subsequently found any omission or wrong statement therein, he can re-file/revise the return with necessary modification. This re-filing of the <a href="http://carajput.com/income-tax-services.aspx"><b>income tax return</b></a> is referred to as Revised Return. The process for revising the return is very simple. Please remember that the process outlined below is applicable if you had filed the original return online.<br /><br /><b>RULES RELATED TO REVISED RETURN</b><br />• Revised return can be filed for any previous year at any time before the expiry of 1 year from the end of the relevant assessment year or before completion of the assessment whichever is earlier. For this financial year 2013-14), you can file the revised return till March 31st, 2014<br />• However, if the income tax department completes the assessment of your return earlier, then a revised return cannot be filed.<br />• Revised return can be filed only if the original return was filed before due date. Thus if a return is filed after a due date then it cannot be revised<br />• A loss return filed within time can also be revised and in such case loss as per the revised is carried forward<br />• One should have acknowledgement number and date of filing the original return in order to file a revised return<br />• Return filed in response to the notice u/s 148 can also be revised. It should be noted that notice u/s 148 is issued in respect of the escaped income in the respective assessment year<br />• In case of concealment of income and furnishing of inaccurate information in income tax return an individual will be penalized<br /><b>HOW TO FILE A REVISED RETURN</b><br />• Check for the discrepancy in ITR-V form received from the original return e-filing.<br />• Log on to h t t p s: // i n c o m e t a x i n d i a e f i l i n g . g o v .i n /<br />• In the home page, Login through link of Registered Users.<br />• Prepare & Submit online Return under e-file & complete below detail as required.<br />• Enter the E-filing acknowledgement receipt number from the ITR-V (Which you got after the original return)<br />• Select the appropriate “return filed under section”. You will find options for 17-Revised 139(5).<br />• Press Save as Draft and continue and go ahead make changes and enter correct details<br />• Press Submit button on completion of data . You will get a new ITR-V marked as revised return.<br />• Once you receive the ITR-V form, you are supposed to send across both original and revised return ITR-V forms to IT department Bangalore within 120 days.</div>
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Know more about information: <a href="http://carajput.com/income-tax-services.aspx"><b>TDS Return</b></a> and <a href="http://carajput.com/services-tax-registration.aspx"><b>Service tax registration</b></a></div>
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Hope the information will assist you in your Professional endeavors. For
query or help, contact: <b>info@carajput.com</b> or call at <b>011-43520194</b></div>
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Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com1tag:blogger.com,1999:blog-7267470089086203947.post-31371761119710303922014-12-22T22:06:00.005-08:002014-12-22T22:17:19.722-08:00Analysis of Some Relevant Sections UNDER INCOME TAX With Regard to Transfer of Immovable Property<div dir="ltr" style="text-align: left;" trbidi="on">
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<b><u><span style="font-family: "Verdana","sans-serif"; font-size: 10.0pt; line-height: 150%; mso-bidi-font-family: Verdana;">Existing Section 50C:</span></u></b><span style="font-family: "Verdana","sans-serif"; font-size: 10.0pt; line-height: 150%; mso-bidi-font-family: Verdana;"> Section 50C affects all the transactions of land and buildings in the country except Jammu and Kashmir. This section comes into picture at the time of computing capital gains under section 48 of the Income Tax Act, 1961. Section 50C provides that if the value stated in the instrument of transfer is less than the valuation adopted, assessed or assessable by the stamp duty authorities, the valuation as adopted, assessed or assessable by the stamp duty authorities will be considered for the purpose of computation of capital gains arising on transfer of land or building or both</span><b><u><span style="font-family: "Verdana","sans-serif"; font-size: 10.0pt; line-height: 150%; mso-bidi-font-family: Verdana;">.</span></u></b><span style="font-family: "Verdana","sans-serif"; font-size: 10.0pt; line-height: 150%; mso-bidi-font-family: Verdana;"> <a href="http://carajput.com/income-tax-services.aspx"><b>Income tax consultants</b></a></span></div>
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<span style="font-family: "Verdana","sans-serif"; font-size: 10.0pt; line-height: 150%; mso-bidi-font-family: Verdana;"><b>For example:</b> If in the agreement for sale, the value of the flat is stated at Rs. 24 lacs but according to the stamp duty authorities the valuation of the flat is Rs. 34 lacs, then it will be considered that the flat has been sold for Rs. 34 lacs and capital gains will be computed on the basis of Rs. 34 lacs. <br /><span style="letter-spacing: -.15pt;"></span></span></div>
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<b>Section 50C is applicable only to transfer of land or building or both provided it is a capital asset. Thus, in cases when such assets are held as stock-in-trade, the section does not apply. By implication, it does not affect sale of land or building by a builder or a developer because land, building, shops, flats, etc sold by the builders and developers are generally stock-in-trade in their hands and not the capital assets. </b><br /><b><span style="font-family: "Verdana","sans-serif"; font-size: 10.0pt; line-height: 150%; mso-bidi-font-family: Verdana;"><span style="letter-spacing: -.6pt;"></span></span></b></div>
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Last few statements in bold letters acts as a platform for the insertion of new section 43CA <br /><br /><b>New Section 43CA(With effect from 1st April, 2013):</b> A new section 43CA has been <br />inserted by the Finance Act, 2013 which provides stamp duty value to be considered for the purpose of computation of income under the head "Profits and Gains of Business or Profession" in respect of all transactions relating to land or building or both. This amendment has an adverse impact on almost all transactions of real estate entered into by all real estate developers and traders in India because their income would be computed on the basis of notional income and not the real income as appearing in the books of account of a tax payer. </div>
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<b>Exception to Section 43CA:</b><br />
• Sale consideration is received in a mode other than cash. <br />
• Sale consideration is received on or before the date of agreement of transfer. <br />
• The date of an agreement fixing the value of consideration for the transfer of the <br />
• asset and the date of registration of the transfer of the asset are not the same. <br />
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When the above three conditions are satisfied, the stamp duty value may be taken as on the date of the agreement for transfer and not as on the date of registration for such transfer. <br />
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<b>Section 56(2)(vii):</b><br />
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Existing Law: Where any immovable property is received by an individual or HUF without consideration, the stamp duty value of which exceeds fifty thousand rupees, the stamp duty value of such property would be charged to tax in the hands of the individual or HUF as income from other sources. It is further stated that the existing provision does not cover a situation where the immovable property has been received by an individual or HUF for inadequate consideration. <br />
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As amended by the Finance Act, 2013: The provisions of clause (vii) of sub-section (2) of section 56 is amended so as to provide that where any immovable property is received for a consideration which is less than the stamp duty value of the property by an amount exceeding fifty thousand rupees, the stamp duty value of such property as exceeds such consideration, shall be chargeable to tax in the hands of the individual or HUF as income from other sources. <br />
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<b>Exception to Section 56(2)(vii):</b><br />
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• Sale consideration is received in a mode other than cash. <br />
• Sale consideration is received on or before the date of agreement of transfer. <br />
• The date of an agreement fixing the value of consideration for the transfer of the <br />
• asset and the date of registration of the transfer of the asset are not the same. <br />
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When the above three conditions are satisfied, the stamp duty value may be taken as on the date of the agreement for transfer and not as on the date of registration for such transfer. <br />
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Section 194IA: A new section 194IA has been inserted by Finance Act, 2013 so as to <br />
provide that every transferee, at the time of making payment or crediting of any sum as consideration for transfer of immovable property (other than agricultural land) to a resident transferor, shall deduct tax, at the rate of 1% of such sum only if the purchase value of immovable property is in excess of Rs.50 Lakhs. Consequent to this insertion, the tax payers would be required to obtain TAN (Tax Deduction Account Number) Number and also perhaps would be required to file the yearly TDS return(With effect from 1/6/2013). <br />
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<b>Section 80EE (Inserted by Finance Act, 2013): Helpful for individuals having total income </b><br />
<b>beyond Rs. 6 lacs: </b><br />
• Lender is a bank or public financial institution. <br />
• Loan sanctioned between 1/4/2013 to 1/4/2014. <br />
• Loan is for acquisition or construction of a new house. <br />
• On the date of sanction of loan he should not own any residential property. Loan amount is less than or equal to Rs. 25 lacs. <br />
• Value of residential property is less than or equal to Rs. 40 lacs. Only interest paid is allowed up to Rs. 1 lac. in the year I. If less than Rs 1 lac. is claimed in the I year, then the balance amount can be claimed in the year II. Maximum Rs 1 lac deduction can be claimed in the 2 year spread.</div>
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<span style="font-family: "Verdana","sans-serif"; font-size: 10.0pt; letter-spacing: -.15pt; line-height: 150%; mso-bidi-font-family: Verdana;"> Know more about information: <a href="http://carajput.com/"><b>TDS consultants</b></a> and <a href="http://carajput.com/services-business-india.aspx"><b>Business set up in India</b></a></span></div>
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<span style="font-family: "Verdana","sans-serif"; font-size: 10.0pt; letter-spacing: -.1pt; line-height: 150%; mso-bidi-font-family: Verdana;">Hope the information will assist you in your Professional endeavors. For
query or help, contact: </span><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Verdana","sans-serif"; font-size: 10.0pt; line-height: 150%;"><a href="mailto:info@carajput.com"><span style="color: windowtext; letter-spacing: -.1pt; mso-bidi-font-family: Verdana; text-decoration: none; text-underline: none;">info@carajput.com</span></a></span></b><span style="font-family: "Verdana","sans-serif"; font-size: 10.0pt; letter-spacing: -.1pt; line-height: 150%; mso-bidi-font-family: Verdana;"> or call at <b style="mso-bidi-font-weight: normal;">011-43520194</b></span></div>
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Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com1tag:blogger.com,1999:blog-7267470089086203947.post-73365207173847786302014-12-15T03:12:00.003-08:002014-12-15T03:13:08.437-08:00METHODS OF ELIMINATING DOUBLE TAXATION <div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">The objective
of double taxation can be achieved Tax treaties employ various methods or a
combination of<br />
<b>(I) EXEMPTION METHOD –</b></span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">One method of
avoiding double taxation is for the residence country to altogether exclude
foreign income from its tax base. The country of source is then given exclusive
right to tax such incomes. This is known as complete exemption method and is
sometimes followed in respect of profits attributable to foreign permanent
establishments or income from immovable property. Indian tax treaties with
Denmark, Norway and Sweden embody with respect to certain incomes.</span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<b><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">(II) CREDIT
METHOD</span></b></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">This method
reflects the underline concept that the resident remains liable in the country
of residence on its global income, however as far the quantum of tax
liabilities is concerned credit for tax paid in the source country is given by
the residence country against its domestic tax as if the foreign tax were paid
to the country of residence itself.</span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<b><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">(III) TAX
SPARING</span></b></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">One of the
aims of the Indian Double Taxation Avoidance Agreements is to stimulate foreign
investment flows in India from foreign developed countries. One way to achieve
this aim is to let the investor to preserve to himself/itself benefits of tax
incentives available in India for such investments. This is done through “Tax
Sparing”. Here the tax credit is allowed by the country of its residence, not
only in respect of taxes actually paid by it in India but also in respect of
those taxes India forgoes due to its fiscal incentive provisions under the
Indian <a href="http://carajput.com/income-tax-services.aspx"><b>Income Tax Act</b></a>. </span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">Thus, tax
sparing credit is an extension of the normal and regular tax credit to taxes
that are spared by the source country i.e. forgiven or reduced due to rebates
with the intention of providing incentives for investments.</span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">The regular
tax credit is a measure for prevention of double taxation, but the tax sparing
credit extends the relief granted by the source country to the investor in the
residence country by the way of an incentive to stimulate foreign investment
flows and does not seek reciprocal arrangements by the developing countries.</span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<b><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">APPLICABILITY
OF TREATY BENEFITS</span></b></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">In order to
get the benefit of a tax treaty, it is necessary to have an access to it. For
that purpose, a person must qualify in terms of the treaty as a: </span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">- person </span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">- resident of
any of the Contracting states; and </span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">- beneficial
owner of the income by the way of dividends, interest or royalties for a lower
rate of withholding tax.</span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<b><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">RESIDENCE OF A
PERSON/ RESIDENT</span></b></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">The
determination of the residential status is of great significance as the
taxability of income under the domestic laws depends upon it, and as also only
the resident of a contracting state can seek relief from double taxation.</span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">The expression
‘resident of contracting state’ is defined to mean any person who, under the
laws of that state, is </span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">1. liable to
tax therein by reason of </span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">2. domicile,
residence, place of management or </span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">3. any other
criterion of a similar nature.</span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">The treaty
provisions set forth rules for determination whether a person is a resident of
a contracting state for purposes of the treaty. The determination looks for
first to a person’s liability to tax as a resident under the respective
taxation laws of the contracting state. If a person is resident in both the
contracting states, there are provisions to assign a single state of residence
to him for purposes of the treaty through tie-breaking rules.</span></div>
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<b><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">BUSINESS
INCOME</span></b></div>
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<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">The business
income of a non-resident is taxable in India under section 9(1)(i) of the ITA
only if it accrues or arises, directly or indirectly, through or from any
business connection in India, property in India, asset or source of income in
India, or through the transfer of an Indian capital asset. Explanation 2 of
section 9(1) (i) contain an inclusive definition of business connection; as per
which a business connection is said to exist if any person carrying on a
business activity acts on behalf of a non-resident and:<br />
# has and habitually exercises an authority to conclude contracts on behalf of
the non-resident </span></div>
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<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;"># has no such
authority, but habitually maintains in India a stock of goods or merchandise
from which he regularly delivers goods or merchandise on behalf of the
non-resident </span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;"># habitually
secures orders in India, mainly or wholly for the non-resident or its
affiliates.</span></div>
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<br /></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<b><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">PERMANENT
ESTABLISHMENT</span></b></div>
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<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">Double
taxation agreement restricts the jurisdiction of the contracting states to
taxing business income of a foreign enterprise only if such enterprise carries
on business in India through a permanent establishment.</span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">The term
“permanent establishment” as defined in Article 5 means a fixed place of
business through which business of an enterprise is carried on. The definition
requires performance of business activity through a fixed place of business in
another country. The expression has been defined as:<br />
a. fixed place of business through which the business of an </span></div>
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<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">b. enterprise
is </span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">c. Wholly or
partly carried on.</span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">The first part
of Article 5(1) postulates that the existence of a fixed place of business
whereas the second part postulates that the business is carried on through a
fixed place. If the second part is not attracted, there is no permanent
establishment.[10] Thereby meaning that there should necessarily be a fixed
place of business through which the enterprise must conduct business activity
and that activity must be income generating.</span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<b><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">TREATING
SHOPPING</span></b></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">Treating
shopping is an expression which refers to the act of a resident of a third country
taking advantage of a fiscal treaty between states. A person acts through a
legal entity created in a state essentially to obtain treaty benefits that
would not be available directly to such person.</span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<br /></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">The basic
feature of treaty shopping is the establishment of base companies in other
states solely for the purpose of enjoying the benefit of a particular treaty
rules existing between the state involved and the third state. An example of
treaty shopping can be the India-Mauritius double Taxation agreement where
various companies have been incorporated in Mauritius to take advantage of the
Indo-Mauritius DTAA in which capital gains are to be assessed as per the law of
the state of residence of the entity .However, under the Mauritian law, tax is
not levied on capital gains which means that the capital gains made by the
Mauritian entity on transfer of shares in an Indian company go unassessed.</span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<br /></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">However, the
last few tears have seen a change in the approach of the States in the wake of
wide reports of extensive money laundering and the tax evasion. As a
consequences, a lot of countries are adopting a “Limitation of Benefits” clause
in the tax treaties so as o restrict third parties from taking advantage of tax
treaties between two other states.</span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<b><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">INDIAN TAX
REGIME</span></b></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">The Income Tax
Act, 1961 (ITA) governs taxation of income in India. According to section 5 of
the ITA, Indian residents[11] are taxable on their worldwide income, and
nonresidents are taxed only on income that has its source in India.10 Section 6
of the ITA defines who may be a tax resident and contains different residency
criteria for companies, firms, and individuals. The scope of section 5 is
expanded by the ‘‘legal fiction contained in section 9,’’ which deems certain
kinds of income to be of Indian source.</span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">The ITA favors
source-based taxation as compared to the OECD model conventions or treaties
entered into by many developed countries that favor residence based taxation.
Indian courts have supported source based taxation in several cases in the
past.</span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<br /></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<b><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">INDIAN POLICY
WITH RESPECT TO DOUBLE TAXATION AVOIDANCE AGREEMENTS</span></b></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<i><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">The policy
adopted by the Indian government in regard to double taxation treaties may be
worded as follows:</span></i><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;"></span></div>
<div style="text-align: justify;">
<br /></div>
<ul style="text-align: justify;">
<li><span style="color: #000066; font-family: Wingdings; font-size: 10.0pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">Trading with India should be relieved of Indian taxes
considerably so as to promote its economic and industrial development.</span></li>
<li><span style="color: #000066; font-family: Wingdings; font-size: 10.0pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">There should be co-ordination of Indian taxation with foreign
tax legislation for Indian as well as foreign companies trading with
India</span><span style="color: #000066; font-family: Wingdings; font-size: 10.0pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Wingdings; font-size: 10.0pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">The agreements are intended to permit the Indian authorities to
co-operate with the foreign tax administration.</span><span style="color: #000066; font-family: Wingdings; font-size: 10.0pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Wingdings; font-size: 10.0pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">Tax treaties are a good compromise between taxation at source
and taxation in the country of residence</span><span style="color: #000066; font-family: Wingdings; font-size: 10.0pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Wingdings; font-size: 10.0pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">India primarily follows the UN model convention and one
therefore finds the tax-sparing and credit methods for elimination of double
taxation in most Indian treaties as well as more source-based taxation in
respect of the articles on ‘royalties’ and ‘other income’ than in the OECD
model convention.</span></li>
</ul>
<div style="text-align: justify;">
<br /></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<b><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">CONCLUSION</span></b></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">The regime of
international taxation exists through bilateral tax treaties based upon model
treaties, developed by the OECD and the UN, between the Contracting States.
India has entered into a wide network of tax treaties with various countries
all over the world to facilitate free flow of capital into and from India.
However, the international tax regime has to be restructured continuously so as
to respond to the current challenges and drawbacks. Know more about information: <a href="http://carajput.com/services-business-india.aspx"><b>Business tax consultants</b></a> and <a href="http://carajput.com/services-LLP-consultancy.aspx"><b>Tax consulting company</b></a></span></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<br /></div>
<div class="MsoBodyText" style="line-height: 150%; text-align: justify;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;">Further, If
you are looking professional assistance on Corporate Law, Direct, Indirect tax
law, Accounts Outsourcing or any other related matter, mail us at: -</span><b><a href="mailto:info@carajput.com"><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%; text-decoration: none; text-underline: none;">info@carajput.com</span></a></b><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 150%;"> or call
at <b>011-43520194</b>,</span></div>
</div>
Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com0tag:blogger.com,1999:blog-7267470089086203947.post-84721394752437087952014-12-08T21:39:00.004-08:002014-12-08T21:39:40.971-08:00LEADERSHIP SKILLS <div dir="ltr" style="text-align: left;" trbidi="on">
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<div style="line-height: 115%; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12.0pt; text-align: justify;">
<span style="color: #000066;">Very few people are great leaders overnight. It takes
time and practice. As long as you’re open about learning along the way and
working with your team on leadership versus dictating to them, most people will
be happy to go on the journey with you.</span></div>
<div style="line-height: 115%; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12.0pt; text-align: justify;">
<span style="color: #000066;">Leadership skills come after a person has tested his
waters. What I mean to say is he or she has understood and accepted himself or
herself completely. Once you know what you can do and do well, you can build up
on that while leading others.</span></div>
<ol start="1" style="margin-top: 0in;" type="1">
<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify;"><strong>Lead
By Example.</strong> You can’t be an aloof leader, someone that’s never
around and incapable of getting your hands dirty. One of the best ways to
lead is by example – pitching in where needed, lending a helping hand, and
making sure that the work you do is clearly understood by your team.</li>
<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify;"><strong>Passion.</strong>
A leader without passion isn’t a leader. He’s a paper pusher. Or a
taskmaster. Or a government employee… Passion drives a lot, and you can
inspire so much in others through your own passion and enthusiasm. That
doesn’t mean you have to be constantly cheery, it means you’ve got to
believe in what you’re doing and what your company is doing.</li>
<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify;"><strong>Be
Organized.</strong> A disorganized leader isn’t leading, he’s chasing his
own tail. Disorganization breeds nothing but more disorganization. If
you’re frazzled and messy, your team will be too. When you’re organized
you’ll be much more productive and so will everyone else.</li>
<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify;"><strong>Delegate.</strong>
You can’t do everything. A great leader needs to be able to delegate
effectively. The key to delegating successfully is giving employees
ownership of the work you assign them. They can’t just feel like they own
the work, they really have to. </li>
<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify;"><strong>Take
Ownership and Responsibility.</strong> Although you’ve just delegated work
and truly given your team ownership, you also have to take ownership and
responsibility at all times. Your team has to know you’ll be there for
them through the good and the bad times. That doesn’t mean you absolve
people from making mistakes or ignore crappy work/effort, but it does mean
you take responsibility for the big picture.</li>
<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify;"><strong>Communicate
Effectively.</strong> Duh. Everyone knows great leaders have to be great
communicators. But there are certain points of communication that many
people forget. For example, it’s critical that you communicate to
employees how their work matters in the bigger picture. <em>Are they a
cog, or does their work truly make a difference?</em> </li>
</ol>
<div style="line-height: 115%; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 12.0pt; text-align: justify;">
<span style="color: #000066;">Communicating success is also something leaders forget to
do. People need affirmation. They want to know they did a good job. You just
have to tell them.<a href="http://carajput.com/services-business-india.aspx"><b>Business set up in India</b></a></span></div>
<div style="line-height: 115%; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 12.0pt; text-align: justify;">
<span style="color: #000066;">And be precise. Insecure leaders will often ramble;
uninterested leaders cut things off to quickly. Whether you’re giving praise,
providing constructive criticism, or defining goals and to-dos, you have to
figure out how much to say and in what order. Be precise, specific and concise.
Get to the point. </span></div>
<ol start="7" style="margin-top: 0in;" type="1">
<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify;"><strong>Be
Brave and Honest.</strong> Cowardly leaders will shy away from any number
of situations that crop up regularly when running a team. The project your
team has worked on for 6 months just got shelved. <em>Now what?</em> Or you
have to talk to someone about their lack of effort recently. <em>Do you
ignore the problem?</em> Or maybe it’s time to take your product into a
new market. <em>Do you hobble forward, scared and nervous, or do you grab
the market by the throat?</em> </li>
</ol>
<div style="line-height: 115%; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 12.0pt; text-align: justify;">
<span style="color: #000066;">Leaders are brave. And honest. Tell it like it is. Don’t
sugarcoat, don’t obfuscate. Don’t be a jerk either. You have to learn how to
present things to your team in an honest but balanced manner. </span></div>
<ol start="8" style="margin-top: 0in;" type="1">
<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify;"><strong>Great
Listener.</strong> A huge part of being a great communicator is being a
great listener. If all you want to do is talk, you’re not a leader.
Keeping people motivated means listening to them, asking them questions,
understanding their issues. When you listen more, you can respond more
effectively and get to the heart of things much faster.</li>
<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify;"><strong>Know
Your People.</strong> You have to know your people. You don’t have to be
best friends or even socialize outside work, but you do have to know what
makes them tick. You need to know something about their personal lives
because their lives outside work matter. Their lives outside work drive a
great deal of their success (or lack of) at work. Keep track of simple
things: birthdays, marriages, children, etc. The more you know your people
the more common ground you’re likely to find, the more you’ll be able to
connect.</li>
<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify;"><strong>Be a
Follower.</strong> Benjamin Disraeli said, <em>“I must follow the people.
Am I not their leader?”</em> That sums up many of the other points so
beautifully. Great leaders are followers too. If you’re a leader without
following, you’re a dictator. And as fun as that sounds… Being a
leader-follower means finding value in your team, getting inspired by your
team, encouraging your team to communicate, brainstorm and be open.</li>
</ol>
<div class="MsoNormal" style="line-height: 115%; margin-top: 12.0pt; text-align: justify;">
<b><span style="color: #000066;">Effective Leadership Skills</span></b></div>
<div class="MsoNormal" style="line-height: 115%; margin-top: 12.0pt; text-align: justify;">
<span style="color: #000066;">For effective leadership & management,
the leader needs to have quite a few qualities and skills. So what is it that
makes a person an effective leader?</span></div>
<ol start="1" style="margin-top: 0in;" type="1">
<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l2 level1 lfo2; tab-stops: list .5in; text-align: justify;"><i>Vision</i>:
A leader is a visionary and this quality, more than any other, sets a
leader apart from the followers. Followers blindly align themselves to the
vision and goals of the leader and help the leader accomplish them. But
without an envisioned leader, the team will be a directionless group.</li>
<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l2 level1 lfo2; tab-stops: list .5in; text-align: justify;"><i>Ability
to Change</i>: The external business environment is becoming more and more
dynamic and a leader should be able to change with the times. He should be
able to align his vision with what the market wants.</li>
<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l2 level1 lfo2; tab-stops: list .5in; text-align: justify;"><i>Set a
Benchmark</i>: A leader should be able to set a performance benchmark and
be what he expects the employees to be. He himself should display the set
of qualities which he expects from his team.</li>
<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l2 level1 lfo2; tab-stops: list .5in; text-align: justify;"><i>People-Skills</i>:
Whatever the monetary and non-monetary rewards, employees will only be
really motivated to work if they know what it is that is motivating the
leader. So a leader should be able to communicate the effective leadership
strategies and his vision to the rest of the team in a way that the
employees too feel that 'yes! This is what we want too!'</li>
<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l2 level1 lfo2; tab-stops: list .5in; text-align: justify;"><i>Listening
and Not Just Talking</i>: A lot of employees complain that their boss
doesn't listen to what they have to contribute and is not open to
suggestions. If the leader chooses to listen to what his team has to say,
they may be able make valuable suggestions to make a process more
effective. Hence, listening too is one of the most important practices for
effective leadership.</li>
<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l2 level1 lfo2; tab-stops: list .5in; text-align: justify;"><i>Solving</i>:
The path to a goal is often strewn with traps and obstacles. Hence, a
leader should have good problem solving and analytical skills which will
help him and the team overcome any problem in the path to their goal.</li>
<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l2 level1 lfo2; tab-stops: list .5in; text-align: justify;"><i>Ability
to Motivate Others</i>: A leader should know how to get the work done from
his team. He should be able to motivate his workers with monetary and
non-monetary rewards. He should be able to make his team a part of his
vision. A leader should be able to coach his team so that they can give
their best performance.</li>
<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l2 level1 lfo2; tab-stops: list .5in; text-align: justify;"><i>Discipline</i>:
A leader should be well disciplined himself and should be able to imbibe
qualities like professionalism and hard work in his team as well</li>
</ol>
<div class="MsoNormal" style="line-height: 115%; margin-top: 12.0pt; text-align: justify;">
<b><span style="color: #000066;">Confidently Confident</span></b></div>
<div class="MsoNormal" style="line-height: 115%; margin-top: 12.0pt; text-align: justify;">
<span style="color: #000066;">An individual has to be confident, in any
case. Yes, a person should have the confidence in his capacities and strengths.
At the same time, good leadership skills warrant that a person will have to be
mentally prepared if something goes wrong. In case of a managerial set up, an
individual will have to delegate work accurately and quickly and hope for
things to work out right.</span></div>
<div class="MsoNormal" style="line-height: 115%; margin-top: 12.0pt; text-align: justify;">
<span style="color: #000066;"><br />
<b>Walk, Talk, Express</b></span></div>
<div class="MsoNormal" style="line-height: 115%; margin-top: 12.0pt; text-align: justify;">
<span style="color: #000066;">A very important skill amongst skills needed
to lead people is interpersonal communication. If you do not speak or
communicate with others, do not share your thoughts and views, how will you
persuade and motivate them? Or at a very basic level tell them what to do?
Likewise, a good leader also listens to others and considers their opinions and
views just as they do regarding his opinions and thoughts. So the core of all
the other things is effective and positive communication. This is a pillar
amongst leadership skills for managers. Remember this as a crucial one
regarding effective leadership skills.</span></div>
<div class="MsoNormal" style="line-height: 115%; margin-top: 12.0pt; text-align: justify;">
<b><span style="color: #000066;">All Fired Up</span></b></div>
<div class="MsoNormal" style="line-height: 115%; margin-top: 12.0pt; text-align: justify;">
<span style="color: #000066;">Oh no! I am not talking about gunshots. I am
talking about the fact that for a person to become a leader, he needs to have a
fire and passion for a thing. If a person aspiring to lead others is without a
driving force , a strong desire himself, the leading is going to be a huge
no-show. The reason? That individual himself is not motivated enough. In that
case, that individual will not be able to lead others. So a passion and a
strong urge to grow and help others grow, especially in the professional and
corporate field is very important for leading others.</span></div>
<div class="MsoNormal" style="line-height: 115%; margin-top: 12.0pt; text-align: justify;">
<b><span style="color: #000066;">In an Instance</span></b></div>
<div class="MsoNormal" style="line-height: 115%; margin-top: 12.0pt; text-align: justify;">
<span style="color: #000066;">People or the followers or subordinates look
up to the leader. Leadership qualities and skills, therefore, demand that an
individual sets an example for others to follow. In fact by consistently doing
that, a person can become a leader. A leader has to pitch in and set high
standards and should lead by example. That includes behavioral traits like
adaptability, humility, sense of humor and integrity.</span></div>
<div class="MsoNormal" style="line-height: 115%; margin-top: 12.0pt; text-align: justify;">
<b><span style="color: #000066;">Fortune Favors the Brave</span></b></div>
<div class="MsoNormal" style="line-height: 115%; margin-top: 12.0pt; text-align: justify;">
<span style="color: #000066;">A very very tough one amongst leadership
skills is to be bold, brave and courageous. A leader has to be brave enough to
face any kind of situation and cannot shy away from it. Such leaders know how
to divide the work and they grab the problem by the scruff of the neck. Along
with this, a person has to be frank and honest to take the responsibility and
ownership of a project or anything. There are no shortcuts to this leadership
trait!</span></div>
<div class="MsoNormal" style="line-height: 115%; margin-top: 12.0pt; text-align: justify;">
<b><span style="color: #000066;">Look and Decide</span></b></div>
<div class="MsoNormal" style="line-height: 115%; margin-top: 12.0pt; text-align: justify;">
<span style="color: #000066;">In leadership skills, vision and decision
making are other to aspects which are inevitable. It is even more important as
far as business leadership skills are concerned. Unless a leader has a vision,
he or she cannot motivate the others and cannot take decisions regarding that.</span></div>
<div class="MsoNormal" style="line-height: 115%; margin-top: 12.0pt; text-align: justify;">
<span style="color: #000066;">Ultimately leadership skills are incomplete
if a person does not know the people he is leading well. Hence a leader has to
reach to the people and know them. A leader has to know what gets them up and
coming and click at their work.</span></div>
<div class="MsoNormal" style="line-height: 115%; margin-top: 12.0pt; text-align: justify;">
<span style="color: #000066;">There are a few more things in the leadership
skills list, but I guess without these the other minor ones would not count and
would be inconsequential! Moreover, it is really difficult to define leadership
skills definitely and pin point them. These are just generic skills one needs
to have. All this reminds me of what Harry Truman had said, <i>"To be able
to lead others, a man must be willing to go forward alone."</i></span></div>
<div class="MsoNormal" style="line-height: 115%; margin-top: 12.0pt; text-align: justify;">
<b><span style="color: #000066;">CHARACTERISTICS OF A GOOD LEADER</span></b></div>
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<span style="color: #000066;">Leaders who have tasted success have done so
because of the following reasons: </span></div>
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<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l1 level1 lfo3; tab-stops: list .5in; text-align: justify;"><b>Confidence:</b>
This is one of the most important and probably the most visible
characteristic of a true leader. I have always noticed that no matter what
the degree of difficulty they find themselves in, strong leaders always
have a sense of confidence and sureness about them. On a personal level, I
have tried imbibing this aspect in my daily life and have found that it
really works wonders! A super-confident leader can really make a world of
difference.</li>
<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l1 level1 lfo3; tab-stops: list .5in; text-align: justify;"><b>Communication:</b>
Another key characteristic of a good leader; clear and effective
communication, is vital for a leader to be successful. Effective
communication will ensure that his team thoroughly understands what is
expected of them. This translates into appropriate actions which in turn
lead to desired results.</li>
<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l1 level1 lfo3; tab-stops: list .5in; text-align: justify;"><b>Man
Management:</b> A leader must be able to marshal the troops and manage his
resources well. Leadership involves having a good sense of understanding
between the leader and his team. Each person's views and opinions should
be respected and each one's contribution should be acknowledged and
appreciated. Being authoritative should not be confused with being
dictatorial. A dictator may be a leader, but a leader is not a dictator.</li>
<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l1 level1 lfo3; tab-stops: list .5in; text-align: justify;"><b>Decision
Maker:</b> Leadership often involves split second decision making. A good
leader must think on his feet and should be capable of making quick and
smart decisions whenever the need occurs.</li>
<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l1 level1 lfo3; tab-stops: list .5in; text-align: justify;"><b>Lead by
Example:</b> A leader should always lead by example. Stepping up,
shouldering responsibility and getting the job done when the chips are
down, is the mark of a true leader.</li>
<li class="MsoNormal" style="color: #000066; line-height: 115%; margin-top: 12.0pt; mso-list: l1 level1 lfo3; tab-stops: list .5in; text-align: justify;"><b>Risk
Taker:</b> Last but not the least, leadership does require one to take a
few risks every now and then. Let me make it clear though, that by taking
risks I do not mean being foolhardy and reckless. Risks, when taken,
should be taken in a calculated manner and after careful evaluation of the
circumstances. It requires good vision along with clarity of thought and
action.</li>
</ul>
<div class="MsoNormal" style="line-height: 13.5pt; margin-left: .5in; text-align: justify;">
<i><span style="color: #000066; font-size: 9.0pt;"><span style="font-size: small;"> Know more about information: <a href="http://carajput.com/income-tax-services.aspx"><b>Income tax consultant in delhi</b></a> and <a href="http://carajput.com/services-LLP-consultancy.aspx"><b>Tax consulting firm</b></a></span></span></i></div>
<div class="MsoNormal" style="line-height: 13.5pt; margin-left: .5in; text-align: justify;">
<span style="font-size: small;"><i><span style="color: #000066;">Hope the information will assist you in
your Professional endeavors. For query or help, contact: </span></i><span style="color: #000066;"> </span><b><span style="color: #000066;"><a href="mailto:info@carajput.com"><i><span style="color: #000066; font-family: "Verdana","sans-serif";">info@carajput.com</span></i></a></span></b><span style="color: #000066;"> <i>or call at </i></span><b><i><span style="color: #000066; font-family: "Verdana","sans-serif";">011-43520194</span></i></b></span><span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 9.0pt;"></span></div>
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Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com0tag:blogger.com,1999:blog-7267470089086203947.post-31466142462133439142014-12-04T21:30:00.005-08:002014-12-04T21:31:14.682-08:00Company Formation service India<div dir="ltr" style="text-align: left;" trbidi="on">
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</span></div>
<div class="MsoListParagraphCxSpFirst" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify; text-indent: -0.25in;">
<span style="font-size: small;"><b><span style="color: #000066; font-family: "Times New Roman","serif";">1.<span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></b><b><span style="background: none repeat scroll 0% 0% white; color: #000066; font-family: "Times New Roman","serif";">Which legal entity is going to be best for what you require?</span></b></span></div>
<div style="text-align: justify;">
<span style="font-size: small;">
</span></div>
<div class="MsoListParagraphCxSpLast" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";"><br />
<span style="background: none repeat scroll 0% 0% white;">The most suitable form of entity for carrying
out business in India with a long term objective would be to form a Private
Limited Company, by making investment through the equity shares in the Company.
The basic Requirement for a private Limited Company in India is as follows:-</span></span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;">
</span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-left: 8.05pt; text-align: justify; text-indent: -0.25in;">
<span style="font-size: small;"><span style="color: #000066; font-family: Symbol;">·<span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span><span style="color: #000066; font-family: "Times New Roman","serif";">Minimum Two Directors
of The company</span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;">
</span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-left: 8.05pt; text-align: justify; text-indent: -0.25in;">
<span style="font-size: small;"><span style="color: #000066; font-family: Symbol;">·<span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span><span style="color: #000066; font-family: "Times New Roman","serif";">Minimum Two
Shareholders of the Company</span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;">
</span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-left: 8.05pt; text-align: justify; text-indent: -0.25in;">
<span style="font-size: small;"><span style="color: #000066; font-family: Symbol;">·<span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span><span style="color: #000066; font-family: "Times New Roman","serif";">Minimum Capital of the
Company should be INR 100000/-</span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";"><br />
<b><span style="background: none repeat scroll 0% 0% white;">2. How long does the appropriate registration
of the above suggested legal entity take?</span></b></span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";"><br />
<span style="background: none repeat scroll 0% 0% white;">The formation of the above Entity in India takes
Approximate 12-15 Days after receipt of all the necessary Documents, The
breakup of the Number of days is as follows :-</span><br />
<br />
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;">
</span></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="background: none repeat scroll 0% 0% white; border-collapse: collapse; border: medium none; width: 80%px;">
<tbody>
<tr>
<td style="background: none repeat scroll 0% 0% rgb(223, 223, 223); border: 1pt inset rgb(223, 223, 223); padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><b><span style="color: #000066; font-family: "Times New Roman","serif";">Activity</span></b><span style="color: #000066; font-family: "Times New Roman","serif";"></span></span></div>
</td>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; background: none repeat scroll 0% 0% rgb(223, 223, 223); border-color: rgb(223, 223, 223) rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-image: none; border-style: inset inset inset none; border-width: 1pt 1pt 1pt medium; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><b><span style="color: #000066; font-family: "Times New Roman","serif";">Days</span></b><span style="color: #000066; font-family: "Times New Roman","serif";"></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">Taking Directors Identification Number (DIN)</span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">1 Day</span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">Taking Digital Signature of Directors</span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">1 Day</span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">Reservation of the name of the Company</span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">5 Days</span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">Preparation of other Document such as
MOA,AOA, Forms etc</span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">2 Days</span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">Filling of Documents with Authorities</span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">1 Days</span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">Liaison with the authorities and Correction</span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">3 Days</span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">Getting Final Certificate of Incorporation</span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">2 Days</span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><b><span style="color: #000066; font-family: "Times New Roman","serif";">Total Number of Days</span></b><span style="color: #000066; font-family: "Times New Roman","serif";"></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><b><span style="color: #000066; font-family: "Times New Roman","serif";">15 Days</span></b><span style="color: #000066; font-family: "Times New Roman","serif";"></span></span></div>
</td>
</tr>
</tbody></table>
<div style="text-align: justify;">
<span style="font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";"><br />
<b><span style="background: none repeat scroll 0% 0% white;">3. Formation Cost involved in the formation
of the Above Company?</span></b></span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";"><br />
<span style="background: none repeat scroll 0% 0% white;">The Cost of formation of Private limited depends
on the Authorised Capital of the Company; Following is the breakup of Cost for
the formation of the Company with a Minimum required authorised Capital of INR
1 Lac.</span><br />
<br />
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;">
</span></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="background: none repeat scroll 0% 0% white; border-collapse: collapse; border: medium none; width: 80%px;">
<tbody>
<tr>
<td style="background: none repeat scroll 0% 0% rgb(223, 223, 223); border: 1pt inset rgb(223, 223, 223); padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><b><span style="color: #000066; font-family: "Times New Roman","serif";">Activity</span></b><span style="color: #000066; font-family: "Times New Roman","serif";"></span></span></div>
</td>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; background: none repeat scroll 0% 0% rgb(223, 223, 223); border-color: rgb(223, 223, 223) rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-image: none; border-style: inset inset inset none; border-width: 1pt 1pt 1pt medium; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><b><span style="color: #000066; font-family: "Times New Roman","serif";">Days</span></b><span style="color: #000066; font-family: "Times New Roman","serif";"></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">Taking Directors Identification Number (DIN)</span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">INR 1500/- Each Director *2</span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">Taking Digital Signature of Directors</span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">INR 5000/- Each Director*2</span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">Reservation of the name of the Company</span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">INR 1000/-</span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">Filling fees of government for final
documents*</span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">INR 6200/-</span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">Other Government Expenses</span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">INR 3000/-</span></span></div>
</td>
</tr>
<tr>
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<span style="font-size: small;"><b><span style="color: #000066; font-family: "Times New Roman","serif";">Total Cost</span></b><span style="color: #000066; font-family: "Times New Roman","serif";"></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;"><div class="MsoNormal" style="line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><b><span style="color: #000066; font-family: "Times New Roman","serif";">INR 23200/-</span></b><span style="color: #000066; font-family: "Times New Roman","serif";"></span></span></div>
</td>
</tr>
</tbody></table>
<div style="text-align: justify;">
<span style="font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";"><br />
<b><span style="background: none repeat scroll 0% 0% white;">* Fees Changes with the amount of Capital of
Company</span></b><br />
<br />
<b><span style="background: none repeat scroll 0% 0% white;">4. What are the operating principles/ legal
requirements/ accounting requirements of a foreign company operating in India?</span></b></span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";"><br />
<span style="background: none repeat scroll 0% 0% white;">A foreign company operating in India and
registered in India is treated as a Local Indian company. Following are the
basic information for your information:-</span><br />
<br />
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;">
</span></div>
<ul style="text-align: justify;" type="disc">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Subsidiary of Foreign Company need to take RBI Approval
for investment made in India.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Company need to maintain its books of Accounts.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Company need to get its accounts audited every year.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Company need to file its tax return annually.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Company need to file annual account with authorities
annually.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Income tax rates applicable to Companies @30%.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Company need to have various Business registration with
authorities like PAN, TAN, VAT, CST, <a href="http://carajput.com/Service-Tax-Procedure.aspx"><b>Services Tax</b></a>, Profession Tax, Central
Excise, Import Export Code, Shop Act etc depending on the applicability.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Regular Monthly/Quarterly/Six Monthly Return shall be
filled for above registration as per applicability.</span></span></li>
</ul>
<div style="text-align: justify;">
<span style="font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";"><br />
<b><span style="background: none repeat scroll 0% 0% white;">5. What is the process on getting investment
capital into the country? What are the pitfalls of this?</span></b></span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";"><br />
<span style="background: none repeat scroll 0% 0% white;">Investment in India is governed by the Foreign
Direct Investment Guidelines, Mainly the investment in India is allowed under
two Method :</span><br />
<br />
<b><u><span style="background: none repeat scroll 0% 0% white;">Investment through Prior Approval</span></u></b> <span style="background: none repeat scroll 0% 0% white;">: In certain nature of business the prior approval is
required from the government of India and once the approval is received than
the investment can be made in the Indian Company.</span><br />
<br />
<b><u><span style="background: none repeat scroll 0% 0% white;">Investment under Automatic Route</span></u></b> <span style="background: none repeat scroll 0% 0% white;">: Most of the Business are allowed to invest under
automatic route, Under automatic route the company can invest in Indian Company
without prior approval. Once the capital is remitted in the Indian Company
within 180 of the introduction of capital the company has to carry out all the
necessary document filling with the RBI. Following are the documents.</span><br />
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;">
</span></div>
<ul style="text-align: justify;" type="disc">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Filling intimation of receipt of Share Capital (within
30 Days)</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Filling FCGPR form with share allotment details and
other information</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Filling Legal Compliance certificate from Company
Secretary.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Filling share valuation certificate from the Chartered
Accountant.</span></span></li>
</ul>
<div style="text-align: justify;">
<span style="font-size: small;"></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";">
<span style="background: none repeat scroll 0% 0% white;">The applicability of the above 5.1 & 5.2
need to be checked based on the nature of activities and business to be
conducted by the foreign Company in India.</span><br />
<br />
<b><span style="background: none repeat scroll 0% 0% white;">6. Can another company be sole share holder
& director of a Private Limited Company?</span></b></span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";"><br />
<span style="background: none repeat scroll 0% 0% white;">As per the Basic requirement for the Company
formation we need minimum 2 Shareholders and 2 Directors Hence we need minimum
two shareholders and directors. In order to fulfill your requirement we can
form Company by giving just one share to the second shareholders. The second
shareholder will hold the shares on behalf of the Company itself hence the
ownership will be 100% with the Company. In respect of the directorship we need
minimum two individual name to be acting as directors of the Company.</span><br />
<br />
<b><span style="background: none repeat scroll 0% 0% white;">7. Do the directors need to be present in
person in India to perform the formation?</span></b></span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span style="color: #000066; font-family: "Times New Roman","serif";"><br />
<span style="background: none repeat scroll 0% 0% white;">No the directors need not be present to perform
the formation of the Company, They can provide the documents through the
courier to our office and we can take care of the things. Further there are
certain documents which are required to Notarised or Certified by the Indian
embassy in your country. Following are the documents which needs certification.</span><br />
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;">
</span></div>
<ul style="text-align: justify;" type="disc">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Passport of the directors – Duly Notarised</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Proof of the Residential address of Directors – Duly
Notarised</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Documents mentioning the father’s name of the
directors. (Birth Certificate)</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Declaration of subscription of shares in the own
handwriting of the shareholders or person authorised by Company. –
Certified by Indian Consulate</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Resolution by the investor Company mentioning about
investment in India and authorising any person to sign all documents on
the investors behalf.</span></span></li>
</ul>
<div style="text-align: justify;">
<span style="font-size: small;"></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: small;"><span style="background: none repeat scroll 0% 0% white; color: #000066; font-family: "Times New Roman","serif"; line-height: 115%;">
The above documents shall be duly notarised or certified by Indian Embassy in
their country. Know more about information: Know more about information: <b><a href="http://carajput.com/services-NGO-India.aspx">NGO Registration In India</a></b> and <a href="http://carajput.com/services-transfer-pricing.aspx"><b>International transfer pricing</b></a></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: small;"><span style="background: none repeat scroll 0% 0% white; color: #000066; font-family: "Times New Roman","serif"; line-height: 115%;"><br /></span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;">
</span></div>
<div class="MsoNormal" style="line-height: 13.5pt; text-align: justify;">
<span style="font-size: small;"><i><span style="color: #000066;">Hope the
information will assist you in your Professional endeavors. For query or help,
contact: </span></i><span style="color: #000066;"> </span><a href="mailto:info@carajput.com"><i><span style="color: #000066; font-family: "Verdana","sans-serif";">info@carajput.com</span></i></a><span style="color: #000066;"> <i>or call at </i></span><i><span style="color: #000066; font-family: "Verdana","sans-serif";">011-43520194</span></i><span style="color: #000066; font-family: "Verdana","sans-serif";"></span></span></div>
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Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com3tag:blogger.com,1999:blog-7267470089086203947.post-47993880076981639622014-12-01T22:06:00.000-08:002014-12-01T22:06:01.258-08:00CREDIT RATING IN INDIA<div dir="ltr" style="text-align: left;" trbidi="on">
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<b>What is a credit rating agency? </b><br />A credit rating agency is an entity which assesses the ability and willingness of the issuer <br />company for timely payment of interest and principal on a debt instrument <br /><br /><b>Does SEBI have a role in the rating exercise? </b><br />No. SEBI does not play any role in the assessment made by the rating agency. The rating is intended to be an independent, unbiased and professional opinion of the rating agency. <br /><br /><b>Is rating a one-time exercise? </b><br />No. To protect the interest of investors, SEBI has made it mandatory that every credit rating agency shall, during the lifetime of the securities rated by it, continuously monitor the rating of such securities and carry out periodic reviews of all published ratings. <a href="http://carajput.com/out-team.aspx"><b>chartered accountant in delhi</b></a><br /><br /><b>What does credit rating convey? </b><br />Credit rating is an assessment of the probability of default on payment of interest and principal on a debt instrument. It is not a recommendation to buy, sell or hold a debt instrument. Rating only provides an additional input to the investor and the investor is required to make his own independent and objective analysis before arriving at an investment decision. <br /><br /><b>How is credit rating done? </b><br />Ratings are based on an evaluation of the strengths and weaknesses of the company fundamentals including financials along with an in-depth study of the industry as well as macro-economic, regulatory and political environment. <br /><br /><b>What are the common factors that are taken into account while awarding the credit rating? </b><br />Each credit rating agency may have its own set of criteria for each component for assigning the ratings. Some of the common factors that may be taken into consideration for credit <br />Ratings are Issue Company's operational efficiency, level of technological development, financials, competence and effectiveness of management, past record of debt servicing, etc. <br /><br /><b>What are the measures taken by SEBI in strengthening credit rating? </b><br />SEBI has, from time to time, taken several steps to strength the process of credit rating. SEBI directives require the credit rating agencies to be transparent and disclose to the public the information which may have a material bearing on the ratings, any sources of conflicts of interest while undertaking the rating exercise, rating methodology, rationale of the ratings, <br /><br /><b>Which is the rating agencies registered with SEBI? </b><br />1. Credit Analysis & Research Ltd.(CARE) <br />2. ICRA Ltd. <br />3. CRISIL Ltd. <br />4. Fitch Ratings India Pvt.Ltd. <br />5. Brickwork Ratings India Pvt.Ltd. <br /><br /><b>Why do ratings change? </b><br />Rating is an opinion based on information available at a point in time with the rating agency and expectations made on the basis of such information by the agency. However, information can change significantly over time causing the rated instruments performance to deviate from the earlier expectations thereby affecting the future repayment abilities and thus, requiring the rating to be altered. <br /><br /><b>What kind of responsibility or accountability will attach to a rating agency if an investor, who makes his investment decision on the basis of its rating, incurs a loss on the investment? </b><br />A credit rating is a professional opinion given after studying all available information at a particular point of time. Nevertheless, such opinions may prove wrong in the context of subsequent events. There is no contract between an investor and a rating agency and the investor is free to accept or reject the opinion of the agency. <br /><br /><b>How can an investor know if a credit rating agency has cha1nged its rating? </b><br />The credit rating agencies are required to continuously monitor the ratings assigned by them to a particular instrument. In case of any changes in the ratings so assigned, the agencies are required to disclose the same through press releases and on their respective websites. </div>
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Know more about information: <a href="http://carajput.com/income-tax-services.aspx"><b>Income tax consultant in Delhi</b></a> and <a href="http://carajput.com/services-business-india.aspx"><b>Business set up in India</b></a><br />Hope the information will assist you in your Professional endeavors. For query or help, contact: info@carajput.com or call at 011-43520194<br /></div>
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Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com1tag:blogger.com,1999:blog-7267470089086203947.post-5071332225029833982014-11-27T04:03:00.002-08:002014-11-27T04:03:44.562-08:00HOW TO DEVELOP COMMUNICATION SKILLS<div dir="ltr" style="text-align: left;" trbidi="on">
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Human beings communicate through three ways<br />• Speaking <br />• Listening. <br />• Writing, <br /><br />We shall deal with each one aspect of communication separately. Let’s start with speaking skills, Successful communication is an exchange, two people sharing insights on the same topic. Their insights might be diametrically opposed, but each expresses an opinion and listens to the response.<br /><br />Many times the conversation instead of being a dialogue becomes a monologue. Only one person does all the talking and the other listens. This leads to breakdown in conversations. Good conversation like good tennis needs volleying from both sides.<br /><br />So remember when you converse allow the other person to air his / her opinion. Try to understand his view if possible even if it is totally against your opinion.<br /><br />Whether speaking to an audience of hundreds or of one, strengthen your speaking- and your image with a short silent pause. We often clutter our speech with verbal crutches-“like”, “Uhh” “Err” “Well” . We lean on these crutches to fill the silence when thinking of the next idea or word. The silence is better.<br /><br />If you use these crutches break the habit by pausing. Make no sound. You will be surprised to see how quickly the next word pops up. And you will find the silence is hardly noticeable. More information: <a href="http://carajput.com/services-company-registration.aspx"><b>New company registration India</b></a><br /><br /><b>HOW TO MAKE AN EFFECTIVE ORAL PRESENTATION.</b><br /><br />While hard work and good ideas are essential to success, your ability to express those ideas and get others to join you is just as important. Much of this is on one or in small groups but periodically you will be involved in more formal and public speaking in front of larger numbers. If this thought makes you nervous you are not alone. Many speakers lack the skills and confidence to make effective presentations. The fear of public speaking is the second largest fear in the world. Tips to improve your presentation:-<br /><br />1) Formulate a strategy for the specific audience:- Be clear about the purpose of your communication. Knowing the audience will be a critical determinant in what information is presented. Be concrete, specific, practical and relevant. Clarify your objectives-Is it to motivate?.. Inform?… persuade?…. Teach? Each calls for a different approach.<br /><br />2) Write the presentation in rough, never read from a script. You should know most of what you want to say, if you don’t then you should not be giving the talk Prepare cue cards which have key phrases and words, Don’t forget to number the cards in case you drop them.<br /><br />3) Greet the audience and tell them who you are. Then follow this formula:-<br />• Tell the audience what you are going to tell them.<br />• Then tell them<br />• At the end tell them what you have told them.<br /><br />4) Keep the time allowed.<br /><br />5) Use your hands to emphasize points but don’t indulge in too much hand waving. Move around. But don’t block the projector.<br /><br />6) Look at your audience and try to make eye contact with each person. Eye contact helps to move your presentation from “speech” to “conversation” involving everyone in the audience. Don’t lock your gaze with one person. That may be intimidating.<br /><br />7) Avoid too much information on the slides. Just display the points then elaborate them.<br />Some presenters fill slides with so much detail that the audience just reads the slides ignoring the presenters. By keeping the slides lean, you convey the essentials with greater emphasis and you force the audience to turn to you for detail. Use color on slides but avoid orange and yellow which do not show well when projected.<br /><br />8) Speakers, who pound the podium, jingle change in their pockets or do other things focus attention on themselves rather than the subject.<br /><br />9) Speak clearly. Don’t shout or whisper.<br /><br />10) Room Lightning should be considered. Too much light near the screen will make it difficult to see the detail. On the other hand a completely darkened room can send the audience to sleep.<br /><br />11) Use numbers to help the audience follow and grasp your information. For example: - I have two major objectives for today’s meeting.<br /><br />12) Don’t worry if you are not grammatically sound. It is more important to remain cool and try to convey your ideas. Of course it is advisable to improve your language as it does have an impact on the audience. However your presentation will be better if you stop worrying about the audiences’ reaction to lack of grammatical correctness.<br /><br /><br />13) Stage Fright:- Following are some techniques to cope with this fright:-<br /><br />• Your audience understands your nervousness; they will forgive any honest mistakes.<br />• Chat with members of the audience before the presentation. You will not find them that threatening.<br />• Practice deep breathing exercises before taking the podium.<br />• Rehearse your presentation a few times.<br /><br />14) Use language that can move people. Churchill might never had made such a strong impact on the world had he written” Essentially my contribution includes sanguinary composition, diligence effort and commitment”. Fortunately he spoke in language that could move people “I have nothing to offer but blood, toil, sweat and tears”.<br /><br />15) Get your audience involved. Ask them questions. Give various anecdotes to liven up your presentation.<br /><br />16) The only way to be a good presenter is through practice. You can form small groups with friends to practice. <br /><br /><b>SMALL TALK:-</b><br /><br />You are in the elevator and the Managing Director enters. As the elevator ascends the silence builds. You search desperately for something to say. What do you say? You think what the MD will think if you say nothing.<br /><br />Casual meetings may not advance or derail your career, but they do add to the impression people form of you. In such situations sparkling conversation is not expected but small talk is.<br /><br />So what do you talk about-?<br />• Don’t try to be brilliant- Most people don’t expect it in casual meetings.<br />• Turn the spotlight on the other person- Ask about the other person’s family, vacation plans etc.” What do you think of the weather” is not exactly original but can work as an ice breaker.<br />• Compliment carefully. Give sincere praise. False flattery can back fire.<br />• Use friendly body language- Smile, make eye contact and don’t fold you arms. Many times the other person may be just as uncomfortable as you are. So any small talk will be welcome.<br /><br /><b>HOW TO COMPLAIN IN THE RIGHT MANNER:-</b><br /><br />• Be straightforward- State the problem and not how much you are frustrated.<br />• Offer a solution- Explain what you would like done to resolve the problem rather than leaving it up to the other person. For example “ If it would be easier to send a duplicate invoice since the original seems missing” Don’t say- “ “You have lost the original invoice. ….” Many people don’t understand when to stop complaining. Even if the other person is wrong offer a solution to get out of the . The offender will also be happy that you didn’t make a issue out of his mistake.<br />• Stay Calm- Raising your voice and blood pressure won’t be of much help to you or have a positive effect on a lackadaisical performer. This is because when you finish getting mad and stomping around you will still have to deal with the person who would then be even less likely to help solve the problem. <br />• Try a smile- Research suggests that people who walk around (or talk) with a smile have a much higher success rate at getting what they want.<br /><br /><b>DEALING WITH SENSITIVE ISSUES:-</b><br />Candor and directness are admirable qualities but sometimes tact works more effectively. If the issue is sensitive and can lead to confrontation tread a bit carefully. Use the following three diplomatic techniques especially if the issue is raised at your workplace:-<br /><br />1. Lower your voice and control your tone-<br />Its true hostility can be conveyed in a whisper but that’s less likely if you control/ soften your tone of voice.<br /><br />2. Cushion the impact of criticism with expressions like “maybe” and “we might consider”- Such expressions can prompt an open response. For example-<br />“Maybe we can approach it another way” sounds much better.<br /><br />3. Use the passive voice to focus on the issue not the individual-<br />Instead of: - You designed the concept to….<br />Try: - The concept seems designed to…<br />The words you choose and the way you deliver them can turn confrontation into resolution.</div>
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<br />Hope the information will assist you in your Professional endeavors. For query or help, contact: info@carajput.com or call at 011-43520194</div>
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Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com1tag:blogger.com,1999:blog-7267470089086203947.post-87897691710832742922014-11-24T22:59:00.001-08:002014-11-24T22:59:17.660-08:00FOREIGN INVESTMENT IN INDIA<div dir="ltr" style="text-align: left;" trbidi="on">
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<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 12pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">The Foreign Investment in India is undertaken in accordance with
the FDI Policy which is formulated and announced by the Government of India.
The Government of India has allowed different channels of Investment in India
on basis of the entity of the foreign national. The foreign investment refers
to the direct or indirect investment done by a company or an individual in some
other country.<br />
<br />
Foreign Investment in India can be summarized in the below mentioned points:<a href="https://www.blogger.com/null" name="foreign-direct-investment-india"></a></span></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><u><span style="color: #000066;">Foreign Direct
Investment in India</span></u></b></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Foreign Direct
Investment (FDI) in India is undertaken in accordance with the FDI Policy which
is formulated and announced by the Government of India.<br />
<br />
Investment in Indian companies can be made by both non-resident as well as resident
Indian entities. Any non-resident investment in an Indian company is “Direct
Foreign Investment”.<br />
<br />
Investment by resident Indian entities could again comprise both resident and
non-resident investments. Thus, such an Indian company would have “Indirect
Foreign Investment” if the Indian investing company has foreign investment in
it. The indirect investment can also be a cascading investment, i.e. through
multi-layered structure.<br />
<br />
<b><u>Types of Instruments to invest in India-</u></b></span></span></span></div>
<ul type="disc">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Equity shares</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Fully Compulsorily and Mandatorily convertible
Debentures.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Fully Compulsorily and Mandatorily convertible
Preference shares.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Issue of other types of preference shares such as
non-convertible, optionally convertible or partially convertible, has to
be in accordance with the guidelines applicable for External Commercial
Borrowings (ECBs).</span></span></li>
</ul>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><u><span style="color: #000066;">Entry Routes for
Investment in India</span></u></b></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Under the Foreign Direct Investments (FDI)
Scheme, investments can be made in shares, mandatory and fully convertible
debentures and mandatorily and fully convertible preference shares of an
Indian company by non-residents through two routes:</span></span></span></div>
<ul type="disc">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b>Automatic
Route-</b></span></span></li>
</ul>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-left: 0.5in; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;"><span> </span>Under the Automatic Route, the foreign
investor or the Indian company does not require any approval from the Reserve
Bank or Government of India for the investment.</span></span></span></div>
<ul type="disc">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b>Government
Route- </b></span></span></li>
</ul>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-left: 0.5in; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Under the Government
Route, the foreign investor or the Indian company should obtain prior approval
of the Government of India(Foreign Investment Promotion Board (FIPB),
Department of Economic Affairs (DEA), Ministry of Finance or Department of
Industrial Policy & Promotion, as the case may be) for the investment.</span></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Who can invest in
India?</span></b></span></span></div>
<ul type="disc">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">A non-resident entity (other than citizens of Pakistan
and Bangladesh or an entity incorporated in Pakistan or Bangladesh who can
only invest with a prior approval of FIPB) can invest in India, subject to
the FDI Policy.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">NRIs resident in Nepal and Bhutan as well as citizens
of Nepal and Bhutan are permitted to invest in the capital of Indian
companies on repatriation basis.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Erstwhile OCBs which are incorporated outside India and
are not under the adverse notice of RBI can make fresh investments under
FDI Policy as incorporated non-resident entities, with the prior approval
of Government of India if the investment is through Government route and
with the prior approval of RBI if the investment is through Automatic
route.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">An FII may invest in the capital of an Indian Company
under the Portfolio Investment Scheme which limits the individual holding
of an FII to 10% of the capital of the company and the aggregate limit for
FII investment to 24% of the capital of the company. <a href="http://carajput.com/"><b>Corporate Advisory</b></a></span></span></li>
</ul>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><u><span style="color: #000066;">Mode of Payment-</span></u></b></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">An Indian company issuing shares /convertible
debentures under FDI Scheme to a person resident outside India shall receive
the amount of consideration required to be paid for such shares /convertible
debentures:</span></span></span></div>
<ul type="disc">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Inward remittance through normal banking channels.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Debit to NRE / FCNR account of a person concerned
maintained with an AD (Category I) bank.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Conversion of Royalty / Lump sum / Technical know-how
fee due for payment, import of capital goods by units in SEZ or conversion
of ECB shall be treated as consideration for issue of shares.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Conversion of import payables / pre incorporation
expenses / share swap can be treated as consideration for issue of shares
with the approval of FIPB.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Debit to non-interest bearing Escrow account in Indian
Rupees in India which is opened with the approval from AD Category – I
bank and is maintained with the AD (Category I) bank on behalf of
residents and non-residents towards payment of share purchase
consideration.</span></span></li>
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<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 12pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;"><br />
Further, the Reserve Bank may on an application made to it and for sufficient
reasons, permit an Indian Company to refund / allot shares for the amount of
consideration received towards issue of security if such amount is outstanding
beyond the period of 180 days from the date of receipt.</span></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><u><span style="color: #000066;">Prohibition on Foreign
Investment in India</span></u></b></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Foreign investment in any form is
prohibited in a company which is engaged or proposes to engage in the following
activities:-</span></span></span></div>
<ul type="disc">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Business of chit fund</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Nidhi company</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Agricultural or plantation activities</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Real estate business or construction of farm houses
(does not include development of townships, construction of residential /
commercial premises, roads or bridges, educational institutions,
recreational facilities, city and regional level infrastructure,
townships).</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Trading in Transferable Development Rights (TDRs).</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Lottery Business including Government /private lottery,
online lotteries, etc.( Foreign technology collaboration in any form
including licensing for franchise, trademark, brand name, management
contract is also prohibited for Lottery Business and Gambling and Betting
activities).</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Gambling and Betting including casinos etc.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Manufacturing of Cigars, cheroots, cigarillos and
cigarettes, of tobacco or of tobacco substitutes</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Activities / sectors not open to private sector
investment e.g. Atomic Energy and Railway Transport (other than Mass Rapid
Transport Systems).</span></span></li>
</ul>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><u><span style="color: #000066;">Modes of Investment
under Foreign Direct Investment Scheme</span></u></b></span></span></div>
<ul type="disc">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Issuance of fresh shares by the company</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Acquisition by way of transfer of existing shares by
person resident in or outside India:</span></span></li>
<ul type="circle">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Sale or Gift of Shares/ Convertible debentures by
person resident in or outside India</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Sale of Shares/ Convertible debentures on the Stock
Exchange by person resident outside India</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Transfer of shares/convertible debentures from
Resident to Person Resident outside India</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Acquisition of shares under the FDI scheme by a
non-resident on a recognized Stock Exchange</span></span></li>
</ul>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Issue of Rights / Bonus shares</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Issue of shares under Employees Stock Option Scheme
(ESOPs)</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Conversion of ECB / Lump-sum Fee / Royalty / Import of
capital goods by units in SEZs in to Equity/ Import payables / Pre
incorporation expenses</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Issue of shares by Indian Companies under ADR / GDR</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Through issue / transfer of ‘participating interest /
right’ in oil fields to a non resident</span></span></li>
</ul>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><u><span style="color: #000066;">Acquisition of shares
under Scheme of Merger / Amalgamation</span></u></b></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Mergers and
amalgamations of companies in India are usually governed by an order issued by
a competent Court on the basis of the Scheme submitted by the companies
undergoing merger/amalgamation.<br />
<br />
Once the scheme of merger or amalgamation of two or more Indian companies has
been approved by a Court in India, the transferee company or new company is
allowed to issue shares to the shareholders of the transferor company resident
outside India, subject to the conditions that :</span></span></span></div>
<ul type="disc">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">the percentage of shareholding of persons resident
outside India in the transferee or new company does not exceed the
sectoral cap</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">the transferor company or the transferee or the new
company is not engaged in activities which are prohibited under the FDI
policy (refer para 7(c)).</span></span></li>
</ul>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><u><span style="color: #000066;">Remittance of sale
proceeds</span></u></b></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 12pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">AD Category – I bank can allow the remittance of sale proceeds
of a security (net of applicable taxes) to the seller of shares resident
outside India, provided the security has been held on repatriation basis, the
sale of security has been made in accordance with the prescribed guidelines and
NOC / tax clearance certificate from the Income Tax Department has been
produced. </span></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><u><span style="color: #000066;">Remittance on winding
up/liquidation of Companies</span></u></b></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">AD Category – I banks
have been allowed to remit winding up proceeds of companies in India, which are
under liquidation, subject to payment of applicable taxes.<br />
<br />
AD Category – I banks shall allow the remittance provided the applicant
submits:</span></span></span></div>
<ul type="disc">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">No objection or Tax clearance certificate from Income
Tax Department for the remittance.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Auditor's certificate confirming that all liabilities
in India have been either fully paid or adequately provided for.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Auditor's certificate to the effect that the winding up
is in accordance with the provisions of the Companies Act, 1956.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">In case of winding up otherwise than by a court, an
auditor's certificate to the effect that there is no legal proceedings
pending in any court in India against the applicant or the company under
liquidation and there is no legal impediment in permitting the remittance.</span></span></li>
</ul>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><u><span style="color: #000066;">Guidelines for
calculation of total foreign investment, i.e. direct and indirect foreign
investment in an Indian company</span></u></b></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">All investments made directly by non-resident
entities into the Indian company would be counted towards ' <b><u>Direct
Foreign Investment</u></b>'.<br />
<br />
Investment by resident Indian entities could again comprise both resident and
non-resident investments. Thus, such an Indian company would have ‘<b><u>Indirect
Foreign Investment</u></b>’ if the Indian investing company has foreign
investment in it.</span></span></span></div>
<ul type="disc">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">The methodology for calculation of total foreign
investment would apply at every stage of investment in Indian companies
and thus in each and every Indian company.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">The full details about the foreign investment including
ownership details etc. in Indian company and information about the control
of the company would be furnished by the Company to the Government of
India at the time of seeking approval.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">In any sector, where Government approval is required
for foreign investment and in cases where there are any inter-se
agreements between share-holders which have an effect on the appointment
of the Board of Directors or on the exercise of voting rights or of
creating voting rights disproportionate to shareholding or any incidental
matter thereof, such agreements will have to be informed to the approving
authority.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">In all sectors attracting sectoral caps, the balance
equity i.e. beyond the sectoral foreign investment cap, would specifically
be beneficially owned by/held with/in the hands of resident Indian
citizens and Indian companies, owned and controlled by resident Indian
citizens.</span></span></li>
</ul>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><a href="http://www.company-formationindia.com/enquiry.html"><b><span style="color: #000066; text-decoration: none;">Send
Enquiry</span></b></a><a href="https://www.blogger.com/null" name="fdi-approval-routes-india"></a><b><span style="color: #000066;"></span></b></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><u><span style="color: #000066;">FDI Approval Routes In
India</span></u></b><b><span style="color: #000066;"></span></b></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 12pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">The Foreign Direct Investment in India is not automatic route of
investment in the country and require prior approval of government. The
approval is required on the proposals which involves investment or some
technical collaboration with Indian ventures. The permission is granted when
Foreign Investment Promotion Board (FIPB) recommended it to the government for
approval.</span></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Sectors under
Government Route</span></b></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 12pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">FDI in activities not covered under the automatic route require
prior government approval. Approval of all such proposals including composite
proposals involving foreign investment/foreign technical collaboration is
granted on the recommendations of Foreign Investment Promotion Board (FIPB). For more information: <a href="http://carajput.com/services-LLP-consultancy.aspx"><b>Tax consulting company</b></a></span></span></span></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: medium none; width: 100%px;">
<tbody>
<tr>
<td style="background: none repeat scroll 0% 0% rgb(223, 223, 223); border: 1pt inset rgb(223, 223, 223); padding: 1.5pt; width: 70%;" width="70%">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Sector/ Activity</span></b><span style="color: #000066;"></span></span></span></div>
</td>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; background: none repeat scroll 0% 0% rgb(223, 223, 223); border-color: rgb(223, 223, 223) rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-image: none; border-style: inset inset inset none; border-width: 1pt 1pt 1pt medium; padding: 1.5pt; width: 15%;" width="15%">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">% Allowed</span></b><span style="color: #000066;"></span></span></span></div>
</td>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; background: none repeat scroll 0% 0% rgb(223, 223, 223); border-color: rgb(223, 223, 223) rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-image: none; border-style: inset inset inset none; border-width: 1pt 1pt 1pt medium; padding: 1.5pt; width: 15%;" width="15%">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">ROUTE</span></b><span style="color: #000066;"></span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Tea Plantation</span></b><span style="color: #000066;"> - Tea sector including tea plantations</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">100%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Mining and mineral
separation</span></b><span style="color: #000066;"> of titanium
bearing minerals and ores, its value addition and integrated activities</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">100%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Defence Industry</span></b><span style="color: #000066;"> - subject to Industrial license</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">26%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Terrestrial
Broadcasting FM (FM Radio), subject to such terms and conditions, as
specified from time to time, by Ministry of Information & Broadcasting,
for grant of permission for setting up of FM Radio stations.</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">26%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Up-linking of 'News
& Current Affairs' TV Channels</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">26%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Up-linking of 'News
& Current Affairs' TV Channels</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">26%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Up-linking a
Non-‘News & Current Affairs’ TV Channels / Down- linking of TV Channels</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">100%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
<tr>
<td colspan="3" style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Print Media</span></b><span style="color: #000066;"></span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Publishing of
Newspaper and periodicals dealing with news and current affairs</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">26%(NRI/PIO/FII)</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Publication of
Indian editions of foreign magazines dealing with news and current affairs</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">26%(NRI/PIO/FII)</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Publishing /
printing of Scientific and Technical Magazines / specialty journals /
periodicals, subject to compliance with the legal framework as applicable and
guidelines issued in this regard from time to time by Ministry of Information
and Broadcasting</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">100%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Publication of
facsimile edition of foreign newspapers</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">100%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
<tr>
<td colspan="3" style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Airports</span></b><span style="color: #000066;"></span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Existing projects</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Above 74%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Non-Scheduled Air
Transport Service</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Above 49% & up
to 74%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Ground Handling
Services subject to sectoral regulations and security clearance</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Above 49%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Satellites –
Establishment and operation</span></b><span style="color: #000066;"></span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><br /></span></span></td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Satellites –
Establishment and operation, subject to the sectoral guidelines of Department
of Space / ISRO</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">74%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Private Security
Agencies</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">49%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Telecom services
(including Telecom Infrastructure Providers Category-l)</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Above 49%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Single Brand product
retail trading</span></b><span style="color: #000066;"></span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Above 49%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
<tr>
<td colspan="3" style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Asset Reconstruction
Companies</span></b><span style="color: #000066;"></span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Asset Reconstruction
Company(ARC) means a company registered with the Reserve Bank of India under
Section 3 of the SARFAESI Act</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Above 49%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
<tr>
<td colspan="3" style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Banking –Private
sector</span></b><span style="color: #000066;"></span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Banking –Private
sector</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Above 49% & up
to 74%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Banking- Public
Sector subject to Banking Companies (Acquisition & Transfer of
Undertakings) Acts 1970/80. This ceiling (20%) is also applicable to the
State Bank of India and its associate Banks.</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">20%(FDI & PIO)</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
<tr>
<td colspan="3" style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Pharmaceuticals</span></b><span style="color: #000066;"></span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Greenfield</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">100%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 12pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;"><br />
<br />
<b>**NOTE: All the above investments are subject to the conditions laid down in
the RBI Circular on Foreign Direct Investment</b></span></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><u><span style="color: #000066;">Procedure to be
followed after investment is made under the Government Route</span></u></b></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Application for all
FDI cases, except Non-Resident Indian (NRI) investments and 100% Export
Oriented Units (EOUs), should be submitted to the FIPB Unit, Department of
Economic Affairs (DEA), Ministry of Finance.<br />
<br />
Application for NRI and 100% EOU cases should be presented to SIA in Department
of Industrial Policy and Promotion.<br />
<br />
Application can be made in Form FC-IL. Plain paper applications carrying all
relevant details are also accepted. No fee is payable. The guidelines for
consideration of FDI proposals by the FIPB are at Annexure-III of the Manual
for FDI.<br />
<br />
A two-stage reporting procedure has to be followed:</span></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;"><br />
<b>On receipt of share application money:</b></span></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;"><br />
Within 30 days of receipt of share application money/amount of consideration
from the non-resident investor, the Indian company is required to report to the
Foreign Exchange Department, Regional Office concerned of the Reserve Bank of
India under whose jurisdiction its Registered Office is located, the Advance
Reporting Form, containing the following details:</span></span></span></div>
<ul type="disc">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Name and address of the foreign investor</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Date of receipt of funds and the Rupee equivalent</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Name and address of the authorised dealer through whom
the funds have been received</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Details of the Government approval, if any</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">KYC report on the non-resident investor from the
overseas bank remitting the amount of consideration.</span></span></li>
</ul>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;"><br />
The Indian company has to ensure that the shares are issued within 180 days
from the date of inward remittance which otherwise would result in the
contravention / violation of the FEMA regulations.<br />
<br />
<b>Upon issue of shares to non-resident investors</b></span></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;"><br />
Within 30 days from the date of issue of shares, a report in Form FC-GPR- PARTA
together with the following documents should be filed with the Foreign Exchange
Department, Regional Office concerned of the Reserve Bank of India.</span></span></span></div>
<ul type="disc">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Certificate from the Company Secretary of the company
accepting investment from person resident outside India certifying that:</span></span></li>
<ul type="circle">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">The company has complied with the procedure for issue
of shares as laid down under the FDI scheme.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Shares have been issued in terms of SIA/FIPB approval
No. --------------------- dated -------------------- (enclose the FIPB
approval copy)</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Certificate from Statutory Auditors/ SEBI registered
Merchant Banker / Chartered Accountant indicating the manner of arriving
at the price of the shares issued to the persons resident outside India.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Certificate from Statutory Auditors/ SEBI registered
Merchant Banker / Chartered Accountant indicating the manner of arriving
at the price of the shares issued to the person resident outside India.</span></span></li>
</ul>
</ul>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><a href="http://www.company-formationindia.com/enquiry.html"><b><span style="color: #000066; text-decoration: none;">Send
Enquiry</span></b></a><b><span style="color: #000066;"></span></b></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><a href="https://www.blogger.com/null" name="fdi-automatic-routes-india"></a><b><u><span style="color: #000066;">FDI Automatic Routes In India</span></u></b></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><u><span style="color: #000066;">Sectors under
Automatic Route</span></u></b></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">In pursuance of Government's commitment to
early implementation of the second phase of the economic reforms and with a
view to further liberalising the FDI regime, all items/ activities have been
placed under the automatic route for FDI/NRI and OCB investment, except the
following:<br />
<br />
<b>All proposals that require an Industrial License which includes</b></span></span></span></div>
<ul type="disc">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">The item requiring an Industrial Licence under the
Industries Development& Regulation Act 1951</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Foreign investment being more than 24% in the equity
capital of units manufacturing items reserved for Small Scale Industries</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">All items which require an Industrial Licence in terms
of the locational policy notified by Government under the New Industrial
Policy of 1991.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">All proposals in which the foreign collaborator has a previous
venture / tie up in India.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">All proposals relating to acquisition of shares in an
existing Indian company in favour of a foreign/NRI/OCB investor</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">All proposals falling outside notified sectoral
policy/caps or under sectors in which FDI is not permitted and /or
whenever any investor chooses to make an application to the FIPB and not
to avail of the automatic route</span></span></li>
</ul>
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: medium none; width: 100%px;">
<tbody>
<tr>
<td style="background: none repeat scroll 0% 0% rgb(223, 223, 223); border: 1pt inset rgb(223, 223, 223); padding: 1.5pt; width: 70%;" width="70%">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Sector/ Activity</span></b><span style="color: #000066;"></span></span></span></div>
</td>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; background: none repeat scroll 0% 0% rgb(223, 223, 223); border-color: rgb(223, 223, 223) rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-image: none; border-style: inset inset inset none; border-width: 1pt 1pt 1pt medium; padding: 1.5pt; width: 15%;" width="15%">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">% Allowed</span></b><span style="color: #000066;"></span></span></span></div>
</td>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; background: none repeat scroll 0% 0% rgb(223, 223, 223); border-color: rgb(223, 223, 223) rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-image: none; border-style: inset inset inset none; border-width: 1pt 1pt 1pt medium; padding: 1.5pt; width: 15%;" width="15%">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">ROUTE</span></b><span style="color: #000066;"></span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Agriculture &
Animal Husbandry</span></b><span style="color: #000066;"> -
Floriculture, Horticulture, Apiculture and Cultivation of Vegetables & Mushrooms
under controlled conditions; Development and production of Seeds and planting
material; Animal Husbandry (including breeding of Dogs), Pisciculture,
aquaculture, under controlled conditions; and services related to agro and
allied sectors</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">100%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Mining</span></b><span style="color: #000066;"> - Mining and Exploration of metal and
non metal ores including diamond, gold, silver and precious ores but
excluding titanium bearing minerals and its ores;</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">100%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Government</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Coal and Lignite</span></b><span style="color: #000066;"> - Coal & Lignite mining for
captive consumption by power projects, iron & steel and cement units and
other eligible activities permitted. Setting up coal processing plants like
washeries, subject to the condition that the company shall not do coal mining
and shall not sell washed coal or sized coal from its coal processing plants
in the open market and shall supply the washed or sized coal to those parties
who are supplying raw coal to coal processing plants for washing or sizing.</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">100%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Petroleum &
Natural Gas</span></b><span style="color: #000066;"> - Exploration
activities of oil and natural gas fields, infrastructure related to marketing
of petroleum products and natural gas, marketing of natural gas and petroleum
products, petroleum product pipelines, natural gas/ pipelines, LNG
Regasification infrastructure, market study and formulation and Petroleum</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">100%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Petroleum &
Natural Gas</span></b><span style="color: #000066;"> - Petroleum
refining by the Public Sector Undertakings, without any disinvestment or
dilution of domestic equity in the existing PSUs.</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">49%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Broadcasting
Carriage Services</span></b><span style="color: #000066;"> - Teleports,
Cable Networks, Direct to Home(DTH), Mobile TV, Headend-in-the Sky
Broadcasting Services(HITS),</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">74%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Cable Networks</span></b><span style="color: #000066;"> (Other MSOs not undertaking
upgradation of networks towards digitalization and addressability and Local
Cable Operators (LCOs).<br />
<br />
<b>Broadcasting Content Services</b></span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">49%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic</span></span></span></div>
</td>
</tr>
<tr>
<td colspan="3" style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Airports</span></b><span style="color: #000066;"></span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Greenfield Projects</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">100%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Existing projects</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">100%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic upto 74%</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Scheduled Air
Transport Service / Domestic Scheduled Passenger Airline</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">49% FDI 100% NRI</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Non-Scheduled Air
Transport Service</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">74% FDI 100% NRI</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic upto 49%</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Helicopter services
/ seaplane services requiring DGCA approval</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">100%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Ground Handling
Services subject to sectoral regulations and security clearance</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">74% FDI 100% NRI</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic upto 49%</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Ground Handling
Services subject to sectoral regulations and security clearance</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">74% FDI 100% NRI</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic upto 49%</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Courier services for
carrying packages, parcels and other items which do not come within the ambit
of the Indian Post Office Act, 1898 and excluding the activity relating to
the distribution of letters.</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">100%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic</span></span></span></div>
</td>
</tr>
<tr>
<td colspan="3" style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Construction
Development: Townships, Housing, Built-up infrastructure</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Townships, housing,
built-up infrastructure and construction-development projects (which would
include, but not be restricted to, housing, commercial premises, hotels,
resorts, hospitals, educational institutions, recreational facilities, city
and regional level infrastructure)</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">100%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Industrial Parks –
new and existing</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">100%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Telecom services
(including Telecom Infrastructure Providers Category-l)</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">100%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic upto 49%</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Cash & Carry
Wholesale Trading / Wholesale Trading (including sourcing from MSEs)</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">100%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">E-commerce
activities</span></b><span style="color: #000066;"></span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">100%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Single Brand product
retail trading</span></b><span style="color: #000066;"></span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">100%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic upto 49%</span></span></span></div>
</td>
</tr>
<tr>
<td colspan="3" style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Asset Reconstruction
Companies</span></b><span style="color: #000066;"></span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Asset Reconstruction
Company(ARC) means a company registered with the Reserve Bank of India under
Section 3 of the SARFAESI Act</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">100% of paid up
capital of ARC</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic upto 49%</span></span></span></div>
</td>
</tr>
<tr>
<td colspan="3" style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Banking –Private
sector</span></b><span style="color: #000066;"></span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Banking –Private
sector</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">74% incl. investment
by FII</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic upto 49%</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Credit Information
Companies (CIC)</span></b><span style="color: #000066;"></span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">74%(FDI & FII)</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic</span></span></span></div>
</td>
</tr>
<tr>
<td colspan="3" style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Infrastructure
Company in the Securities Market</span></b><span style="color: #000066;"></span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Infrastructure
companies in Securities Markets, namely, stock exchanges, depositories &
clearing corporations, in compliance with SEBI Regulations- [FDI limit of 26
per cent and an FII limit of 23 per cent of the paid-up capital]</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">49% (FDI & FII)</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Insurance</span></b><span style="color: #000066;"></span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">26%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Foreign investment
in NBFC is allowed under the automatic route in only the following
activities:</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">100%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Pharmaceuticals</span></b><span style="color: #000066;"></span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">100%</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic</span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
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<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Existing Companies</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">49 %( FDI & FII)</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic</span></span></span></div>
</td>
</tr>
<tr>
<td colspan="3" style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
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<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Power Exchanges</span></b><span style="color: #000066;"></span></span></span></div>
</td>
</tr>
<tr>
<td style="-moz-border-bottom-colors: none; -moz-border-left-colors: none; -moz-border-right-colors: none; -moz-border-top-colors: none; border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223); border-image: none; border-right: 1pt inset rgb(223, 223, 223); border-style: none inset inset; border-width: medium 1pt 1pt; padding: 1.5pt;">
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<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Power Exchanges
under the Central Electricity Regulatory Commission (Power Market)
Regulations, 2010</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">49% (FDI & FII)</span></span></span></div>
</td>
<td style="border-color: -moz-use-text-color rgb(223, 223, 223) rgb(223, 223, 223) -moz-use-text-color; border-style: none inset inset none; border-width: medium 1pt 1pt medium; padding: 1.5pt;">
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Automatic</span></span></span></div>
</td>
</tr>
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<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 12pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;"><br />
<br />
<b>**NOTE: All the above investments are subject to the conditions laid down in
the RBI Circular on Foreign Direct Investment</b></span></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">P<u>rocedure to be
followed after investment is made under the Automatic Route</u></span></b></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">A two-stage reporting
procedure has to be followed:</span></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;"><br />
<b>On receipt of share application money:</b></span></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt;">
<br /></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Within 30 days of
receipt of share application money/amount of consideration from the
non-resident investor, the Indian company is required to report to the Foreign
Exchange Department, Regional Office concerned of the Reserve Bank of India
under whose jurisdiction its Registered Office is located, the Advance
Reporting Form, containing the following details:</span></span></span></div>
<ul type="disc">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Name and address of the foreign investor</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Date of receipt of funds and the Rupee equivalent</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Name and address of the authorised dealer through whom
the funds have been received</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Details of the Government approval, if any</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">KYC report on the non-resident investor from the
overseas bank remitting the amount of consideration.</span></span></li>
</ul>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 12pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;"><br />
The Indian company has to ensure that the shares are issued within 180 days
from the date of inward remittance which otherwise would result in the
contravention / violation of the FEMA regulations.</span></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><b><span style="color: #000066;">Upon issue of shares
to non-resident investors</span></b></span></span></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Within 30 days from the date of issue of
shares, a report in Form FC-GPR- PARTA together with the following documents
should be filed with the Foreign Exchange Department, Regional Office concerned
of the Reserve Bank of India.</span></span></span></div>
<ul type="disc">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Certificate from the Company Secretary of the company
accepting investment from person resident outside India certifying that:</span></span></li>
<ul type="circle">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">The company has complied with the procedure for issue
of shares as laid down under the FDI scheme.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">The investment is within the sectoral cap / statutory
ceiling permissible under the Automatic Route of the Reserve Bank and it
fulfills all the conditions laid down for investments under the Automatic
Route.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white; color: #000066; line-height: 9.15pt; text-align: justify;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;">Certificate from Statutory Auditors/ SEBI registered
Merchant Banker / Chartered Accountant indicating the manner of arriving
at the price of the shares issued to the person resident outside India. Know more about information: <a href="http://carajput.com/services-tax-registration.aspx"><b>Service tax registration</b></a></span></span></li>
</ul>
</ul>
<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; line-height: 9.15pt; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: x-small;"><span style="color: #000066;">Hope the information will assist you in your
Professional endeavors. For query or help, contact: </span><a href="mailto:info@carajput.com"><span style="color: #000066; text-decoration: none;">info@carajput.com</span></a><span style="color: #000066;"> or call at 011-43520194</span></span></span></div>
</div>
Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com1tag:blogger.com,1999:blog-7267470089086203947.post-53774742692904900942014-11-18T01:03:00.001-08:002014-11-18T01:03:03.845-08:00ONE PERSON COMPANY SETUP IN INDIA<div dir="ltr" style="text-align: left;" trbidi="on">
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<div class="MsoNormal" style="background: none repeat scroll 0% 0% white; margin-bottom: 0.0001pt; text-align: justify;">
<b><u><span style="font-family: "Times New Roman","serif"; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">INTRODUCTION</span></u></b></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><br />
<span style="font-size: small;">With the new Companies Act 2013, the government has introduced the Concept of
One Person Company i.e Knows as OPC Company in India. The Individual
entrepreneurs Carrying on business as proprietorship firm will now be able to
avail the benefits of limited liability without a second person to form a
company as the Companies Act, 2013 (hereinafter "2013 Act") proposes
the concept of "One Person Company" (hereinafter "OPC").</span></span></div>
<span style="font-size: small;">
</span><div class="MsoNormal" style="background: none repeat scroll 0% 0% white; margin-bottom: 0.0001pt;">
<br /></div>
<span style="font-size: small;">
</span><div class="MsoNormal" style="background: none repeat scroll 0% 0% white; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><b><u><span style="font-family: "Times New Roman","serif";">INCORPORATION</span></u></b></span></div>
<span style="font-size: small;">
</span><div class="MsoNormal" style="background: none repeat scroll 0% 0% white; margin-bottom: 0.0001pt;">
<br /></div>
<span style="font-size: small;">
</span><div class="MsoNormal" style="background: none repeat scroll 0% 0% white; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">In terms of section 3(1)(c) of the
2013 Act, an OPC may be formed for any lawful purpose by one person.<br />
<br />
<b>Salient features in relation to incorporation include</b></span></span></div>
<span style="font-size: small;">
</span><ul type="disc">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">The memorandum of an OPC shall indicate the name of
another person, with his prior written consent, who shall, in the event of
the subscriber's death or his incapacity to contract become the member of
the company.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">The written consent of such person shall also be filed
with the registrar of companies at the time of incorporation of the OPC
along with its memorandum and articles.</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">The words "One Person Company" must be
mentioned in brackets below the name of such company, wherever its name is
printed, affixed or engraved. [Second provison to Section 12(3)]</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">A person can incorporate a maximum of 5 OPCs. [Rule
2.1(2)]</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Only natural persons can incorporate an OPC. Also, the
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India for at least 182 days during the immediately preceding one financial
year. [Rule 2.1(1)]</span></span></li>
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</span><div class="MsoNormal" style="background: none repeat scroll 0% 0% white; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><b><u><span style="font-family: "Times New Roman","serif";">Nomination by the subscriber or
member of OPC</span></u></b><span style="font-family: "Times New Roman","serif";"><br />
<br />
In terms of section 4(1)(f), the memorandum of an OPC should state the name of
the person who shall become the member of the company in the event of death of
the subscriber. Such nominee may withdraw his consent subsequently. [Section
3(1)]</span></span></div>
<span style="font-size: small;">
</span><ul type="disc">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">The subscriber to the memorandum of an OPC shall
nominate a person, after obtaining his/her prior written consent, who
shall, in the event of the subscriber's death or his incapacity to
contract, become the member of that OPC. [Rule 2.2(1)]</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">The member of OPC may at any time change the name of
such nominee by giving notice as prescribed. [Section 3(1)]</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">The notice by the member of OPC as stated above must be
provided by the OPC to the registrar of companies once the same is
intimated by the member to the OPC. Any change in the name of nominee
shall not be deemed to be an alteration of the memorandum. [Section 3(1)]</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Only a natural person who has stayed in India for a period
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year is entitled to be a nominee for the sole member of an OPC. [Rule
2.1(1)]</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Ambient Air Quality Report (if available)</span></span></li>
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<span style="font-size: small;"><span style="font-family: "Times New Roman","serif";"><br />
<b><u>Documents Required-</u></b></span></span></div>
<span style="font-size: small;">
</span><ul type="disc">
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Application for reservation of name in INC-1</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Proof of Identity of Member & Nominee</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Proof of Address of Member & Nominee</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Copy of PAN Card of Member & Nominee</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Consent of Nominee in form INC-3</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Affidavit in form INC 9 for subscriber for shares and
Memorandum</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Application for Incorporation of Company in form INC-7</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Filling of Registered office address in form INC-22</span></span></li>
<li class="MsoNormal" style="background: none repeat scroll 0% 0% white;"><span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Proof of address for the registered office of Company.</span></span></li>
</ul>
<span style="font-size: small;">
</span><div class="MsoNormal" style="background: none repeat scroll 0% 0% white; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><b><u><span style="font-family: "Times New Roman","serif";">Note:</span></u></b><b><span style="font-family: "Times New Roman","serif";"> - The incorporation of OPC-One Person Company would
commence from 28th April 2014, many practical aspects would clear after MCA
rolls out forms. Know more about information: <a href="http://carajput.com/services-company-registration.aspx">New company registration India</a> </span></b><span style="font-family: "Times New Roman","serif";">and <a href="http://carajput.com/services-tax-registration.aspx"><b>Service tax registration</b></a></span><b><span style="font-family: "Times New Roman","serif";"> </span></b><span style="font-family: "Times New Roman","serif";"></span></span></div>
<span style="font-size: small;">
</span><div class="MsoNormal" style="line-height: 13.5pt;">
<br /></div>
<span style="font-size: small;">
</span><div class="MsoNormal" style="line-height: 13.5pt;">
<span style="font-size: small;"><i><span style="color: #000066;">Hope the
information will assist you in your Professional endeavors. For query or help,
contact: </span></i><span style="color: #000066;"> </span><a href="mailto:info@carajput.com"><i><span style="color: #000066; font-family: "Verdana","sans-serif";">info@carajput.com</span></i></a><span style="color: #000066;"> <i>or call at </i></span><i><span style="color: #000066; font-family: "Verdana","sans-serif";">011-43520194</span></i></span><span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 9.0pt;"></span></div>
</div>
Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com2tag:blogger.com,1999:blog-7267470089086203947.post-69558154861435332542014-11-13T21:45:00.000-08:002014-11-13T21:47:36.158-08:00CASE STUDY ON REIMBURSEMENT OF EXPENSES MADE TO C&F AGENTS<div dir="ltr" style="text-align: left;" trbidi="on">
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<div class="MsoNormal" style="text-align: justify;">
<span style="color: #000066; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman";">Assessee
engaged in the business of imports and/or exports, engages services of Clearing
& Forwarding agents.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="color: #000066; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman";">Payments
to such C&F agents comprise of the following:</span></div>
<div class="MsoListParagraphCxSpFirst" style="margin-left: .25in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in;">
<span style="color: #000066; font-family: Symbol; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
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<div class="MsoListParagraphCxSpMiddle" style="margin-left: .25in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in;">
<span style="color: #000066; font-family: Symbol; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="color: #000066; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman";">Reimbursement of freight
on local transportation</span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: .25in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in;">
<span style="color: #000066; font-family: Symbol; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman";">Reimbursement of import
or export clearing expenses like payments to Port Trust, Airport Authorities of
India, miscellaneous charges, etc.</span></div>
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</span></span></span><span style="color: #000066; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman";">Reimbursement of bonded
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</span></span></span><span style="color: #000066; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman";">Reimbursement for Crane
and Machinery charges to Port Trust etc.</span></div>
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<span style="color: #000066; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman";">Whether
any tax is liable to be deducted on any of the above payments to C&F
agents?</span></div>
<div class="MsoNormal" style="text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><u><span style="color: #000066; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman";">Query </span></u></i></b></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="color: #000066; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman";">If the
agent has already deducted TDS on freight payments to the Indian Shipping Co.,
then whether the importer/exporter also needs to deduct tax on the payments
made to the agents and if so then on what amount?</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="color: #000066; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman";">When
C&F agent deduct tax and pays it to the ex-chequer, the payments would be
on his own TDS account or his clients’ account number?</span></div>
<div class="MsoNormal" style="text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><u><span style="color: #000066; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman";">Held</span></u></i></b><span style="color: #000066; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman";"></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="color: #000066; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman";"><span style="mso-spacerun: yes;"> </span>If the assessee reimbursed expenses towards
freight incurred on its behalf under an agreement for which separate bills is
raised, the provisions of section 194C are not attracted</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="color: #000066; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman";">•
Section 194C is applicable where payments is made to a contractor / sub-
contractor where the contract is either a work contract or a contract for
supply of labour for works contract</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="color: #000066; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman";">• In the
present case, the assessee has reimbursed the expenses to its consignment agent
and it was not a direct payment of freight by the assessee to the transporter
Surendra Commercial & Exim. Know More about information: <a href="http://carajput.com/"><b>TDS Consultants</b></a> and <a href="http://carajput.com/services-transfer-pricing.aspx"><b>International transfer pricing</b></a></span></div>
<div class="MsoNormal" style="background: white; margin-bottom: .0001pt; margin-bottom: 0in; mso-line-height-alt: 9.15pt; text-align: justify;">
<span style="color: #000066; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Hope the information will assist you in your Professional
endeavors. For query or help, contact: </span><span style="font-size: 12.0pt;"><a href="mailto:info@carajput.com"><span style="color: #000066; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">info@carajput.com</span></a></span><span style="color: #000066; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"> or call at 011-43520194</span></div>
</div>
Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com1tag:blogger.com,1999:blog-7267470089086203947.post-59349774558408410762014-11-03T02:27:00.000-08:002014-11-03T02:27:21.080-08:00SERVICES TAX APPLICABILITY ON CONSULTING ENGINEER SERVICES <div dir="ltr" style="text-align: left;" trbidi="on">
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<br />
<h1 style="line-height: normal; margin-top: 0in; text-align: justify;">
<span style="font-size: small;"><span style="color: windowtext; font-family: "Times New Roman","serif";">Meaning of<span>
</span>“Consulting Engineer”?</span></span></h1>
<span style="font-size: small;">
</span><div class="MsoNormal" style="line-height: normal;">
<span style="font-size: small;"><span style="font-family: "Times New Roman","serif";"><span></span>Date of effective: Notification No.23/97-ST,
dated 02.07.1997. </span></span></div>
<span style="font-size: small;">
</span><div class="MsoNormal" style="line-height: normal;">
<span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">Consulting Engineer is any
professionally qualified engineer or engineering firm who, either directly or
indirectly, renders any advice, consultancy or technical assistance in any
manner to a client in one or more disciplines of engineering. <a href="http://carajput.com/services-LLP-consultancy.aspx"><b>tax consulting company</b></a></span></span></div>
<span style="font-size: small;">
</span><div style="margin: 0in 0in 0.0001pt; text-align: justify;">
<span style="font-size: small;"><b><i><span>ISSUE</span></i></b><span>: </span><b><span>Whether a
self-employed professionally qualified engineer can be considered as
‘consulting engineer’ [section 65(31)] and service provided by such
self-employed professionally qualified engineer to a client in relation to one
or more discipline of engineering is liable to service tax under consulting
engineer service [section 65(105)(g)]?</span></b></span></div>
<span style="font-size: small;">
</span><div style="margin: 0in 0in 0.0001pt; text-align: justify;">
<br /></div>
<span style="font-size: small;">
</span><div style="margin: 0in 0in 0.0001pt; text-align: justify;">
<span style="font-size: small;"><b><span>CLARIFICATION ISSUED BY BOARD<span class="apple-converted-space"> </span><span class="grame">VIDE</span><span class="apple-converted-space"> </span>CIRCULAR
NO.96/7/2007-ST DATED 23.08.2007)</span></b></span></div>
<span style="font-size: small;">
</span><div style="margin: 0in 0in 0.0001pt; text-align: justify;">
<br /></div>
<span style="font-size: small;">
</span><div style="margin: 0in 0in 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span>Yes Consulting engineers
include self-employed professionally qualified engineer, whether or not
employing others for assistance.</span></span></div>
<span style="font-size: small;">
</span><div style="margin: 0in 0in 0.0001pt; text-align: justify;">
<br /></div>
<span style="font-size: small;">
</span><div style="margin: 0in 0in 0.0001pt; text-align: justify;">
<span style="font-size: small;"><span>Services provided by such
self-employed professionally qualified engineer to a client in relation to one
or more discipline of engineering is liable to service tax under consulting
engineer service [section 65(105)(g)]. </span></span></div>
<span style="font-size: small;">
</span><div style="margin: 0in 0in 0.0001pt; text-align: justify;">
<br /></div>
<span style="font-size: small;">
</span><h2 style="line-height: normal; margin-top: 0in; text-align: justify;">
<span style="font-size: small;"><a href="https://www.blogger.com/null" name="_Toc394506236"><span style="color: windowtext; font-family: "Times New Roman","serif";">TYPE OF SERVICE</span></a><span style="color: windowtext; font-family: "Times New Roman","serif";"></span></span></h2>
<span style="font-size: small;">
</span><div class="MsoNormal" style="line-height: normal; text-align: justify;">
<span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">The
taxable service rendered by a consulting engineer means any service provided to
a client, by a consulting engineer in relation to advice, consultancy or
technical assistance in any manner in one or more disciplines of engineering.</span></span></div>
<span style="font-size: small;">
</span><div class="MsoNormal" style="line-height: normal; text-align: justify;">
<span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">The
services which attract the levy include all the services which are rendered in
the capacity of a professional person and specifically include the services
pertaining to structural engineering works, civil/mechanical/electrical
engineering work or relating to construction management. All services rendered
within the scope of the term engineering attract Service Tax provided they are
rendered in the capacity of a consulting engineer. The scope of the services of
a consultant may include any one or more of the following categories: -</span></span></div>
<span style="font-size: small;">
</span><div class="ListParagraph1CxSpFirst" style="line-height: normal; text-align: justify; text-indent: -0.5in;">
<span style="font-size: small;"><span style="font-family: "Times New Roman","serif";"><span><span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span>i.<span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><span style="font-family: "Times New Roman","serif";">Feasibility
study;</span></span></div>
<span style="font-size: small;">
</span><div class="ListParagraph1CxSpMiddle" style="line-height: normal; text-align: justify; text-indent: -0.5in;">
<span style="font-size: small;"><span style="font-family: "Times New Roman","serif";"><span><span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span>ii.<span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><span style="font-family: "Times New Roman","serif";">Pre-design
services/project report;</span></span></div>
<span style="font-size: small;">
</span><div class="ListParagraph1CxSpMiddle" style="line-height: normal; text-align: justify; text-indent: -0.5in;">
<span style="font-size: small;"><span style="font-family: "Times New Roman","serif";"><span><span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span>iii.<span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><span style="font-family: "Times New Roman","serif";">Basic
design engineering;</span></span></div>
<span style="font-size: small;">
</span><div class="ListParagraph1CxSpMiddle" style="line-height: normal; text-align: justify; text-indent: -0.5in;">
<span style="font-size: small;"><span style="font-family: "Times New Roman","serif";"><span><span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span>iv.<span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><span style="font-family: "Times New Roman","serif";">Detailed
design engineering;</span></span></div>
<span style="font-size: small;">
</span><div class="ListParagraph1CxSpMiddle" style="line-height: normal; text-align: justify; text-indent: -0.5in;">
<span style="font-size: small;"><span style="font-family: "Times New Roman","serif";"><span><span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span>v.<span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><span style="font-family: "Times New Roman","serif";">Procurement;</span></span></div>
<span style="font-size: small;">
</span><div class="ListParagraph1CxSpMiddle" style="line-height: normal; text-align: justify; text-indent: -0.5in;">
<span style="font-size: small;"><span style="font-family: "Times New Roman","serif";"><span><span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span>vi.<span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><span style="font-family: "Times New Roman","serif";">Construction
supervision and project management;</span></span></div>
<span style="font-size: small;">
</span><div class="ListParagraph1CxSpMiddle" style="line-height: normal; text-align: justify; text-indent: -0.5in;">
<span style="font-size: small;"><span style="font-family: "Times New Roman","serif";"><span><span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span>vii.<span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><span style="font-family: "Times New Roman","serif";">Supervision
of commissioning and initial operation;</span></span></div>
<span style="font-size: small;">
</span><div class="ListParagraph1CxSpMiddle" style="line-height: normal; text-align: justify; text-indent: -0.5in;">
<span style="font-size: small;"><span style="font-family: "Times New Roman","serif";"><span><span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span>viii.<span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><span style="font-family: "Times New Roman","serif";">Manpower
planning and training;</span></span></div>
<span style="font-size: small;">
</span><div class="ListParagraph1CxSpMiddle" style="line-height: normal; text-align: justify; text-indent: -0.5in;">
<span style="font-size: small;"><span style="font-family: "Times New Roman","serif";"><span><span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span>ix.<span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><span style="font-family: "Times New Roman","serif";">Post-operation
and management;</span></span></div>
<span style="font-size: small;">
</span><div class="ListParagraph1CxSpLast" style="line-height: normal; text-align: justify; text-indent: -0.5in;">
<span style="font-size: small;"><span style="font-family: "Times New Roman","serif";"><span><span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span>x.<span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"> </span></span></span><span style="font-family: "Times New Roman","serif";">Trouble
shooting and technical services, including establishing systems and procedures
for an existing plant. Know more about information: <a href="http://carajput.com/services-tax-registration.aspx"><b>service tax registration</b></a></span></span></div>
<span style="font-size: small;">
</span><div class="MsoNormal" style="line-height: normal; text-align: justify;">
<span style="font-size: small;"><span style="font-family: "Times New Roman","serif";">The
list is only illustrative</span></span></div>
<span style="font-size: small;">
</span></div>
Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com1tag:blogger.com,1999:blog-7267470089086203947.post-13896560204044371542014-10-28T03:44:00.003-07:002014-10-28T03:44:58.944-07:00OVERVIEW OF PLACE OF PROVISION ON LOGISTICS INDUSTRY<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: 10pt; line-height: 150%;">Generally,
an <b style="mso-bidi-font-weight: normal;">“intermediary”</b> is a person who
arranges or facilitates a supply of goods, or a provision of service, or both,
between two persons, <b style="mso-bidi-font-weight: normal;">without material
alteration or further processing</b>. Thus, an intermediary is involved with
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<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: 10pt; line-height: 150%;">i)
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<div class="MsoNormal" style="line-height: 150%; margin-left: .5in; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: 10pt; line-height: 150%;">ii)
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<div class="MsoNormal" style="line-height: 150%; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: 10pt; line-height: 150%;">For
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commission agent i.e. a buying or selling agent or a stockbroker) is <b style="mso-bidi-font-weight: normal;">excluded</b> by definition. Also excluded
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<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: 10pt; line-height: 150%;">In
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<br />
<ul style="text-align: left;">
<li><span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 10pt; line-height: 150%;">Nature and value:</span></b><span style="font-size: 10pt; line-height: 150%;">
An intermediary cannot <b style="mso-bidi-font-weight: normal;">alter</b> the
nature or value of the service, the supply of which he facilitates on behalf of
his principal, although the principal may authorize the intermediary to
negotiate a different price. Also, the principal must know the exact value at
which the service is supplied (or obtained) on his behalf, and any discounts
that the intermediary obtains must be passed back to the principal.</span></span><span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 10pt; line-height: 150%;"> </span></b></span></li>
<li><span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 10pt; line-height: 150%;">Separation of value:</span></b><span style="font-size: 10pt; line-height: 150%;">
The value of an intermediary’s service is <b style="mso-bidi-font-weight: normal;">invariably
identifiable</b> from the main supply of service that he is arranging. It can
be based on an agreed percentage of the sale or purchase price. Generally, the
amount charged by an agent from his principal is referred to as <b style="mso-bidi-font-weight: normal;">“commission”.</b></span></span><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: 10pt; line-height: 150%;"><span style="mso-list: Ignore;"><span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"> </span></span></span></span></li>
<li><span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 10pt; line-height: 150%;">Identity and title:</span></b><span style="font-size: 10pt; line-height: 150%;">
The service provided by the intermediary on <b style="mso-bidi-font-weight: normal;">behalf of the principal</b> is clearly <b style="mso-bidi-font-weight: normal;">identifiable.</b></span></span></li>
</ul>
<br />
<div class="MsoNormal" style="line-height: 150%; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: 10pt; line-height: 150%;">In
accordance with the above guiding principles, services provided by the
following persons will qualify as ‘intermediary services’:-</span></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify;">
<br /></div>
<div class="MsoListParagraphCxSpFirst" style="line-height: 150%; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 1.75in; margin-right: 0in; margin-top: 0in; mso-add-space: auto; mso-list: l1 level1 lfo1; text-align: justify; text-indent: -.25in;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: 10pt; line-height: 150%;"><span style="mso-list: Ignore;">i.<span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><span style="font-size: 10pt; line-height: 150%;">Travel Agent (any mode of travel)</span></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: 150%; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 1.75in; margin-right: 0in; margin-top: 0in; mso-add-space: auto; mso-list: l1 level1 lfo1; text-align: justify; text-indent: -.25in;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: 10pt; line-height: 150%;"><span style="mso-list: Ignore;">ii.<span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><span style="font-size: 10pt; line-height: 150%;">Tour Operator</span></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: 150%; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 1.75in; margin-right: 0in; margin-top: 0in; mso-add-space: auto; mso-list: l1 level1 lfo1; text-align: justify; text-indent: -.25in;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: 10pt; line-height: 150%;"><span style="mso-list: Ignore;">iii.<span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"> </span></span></span><span style="font-size: 10pt; line-height: 150%;">Commission
agent for a service [an agent for buying or selling of goods is excluded]</span></span></div>
<div class="MsoListParagraphCxSpLast" style="line-height: 150%; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 1.75in; margin-right: 0in; margin-top: 0in; mso-add-space: auto; mso-list: l1 level1 lfo1; text-align: justify; text-indent: -.25in;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: 10pt; line-height: 150%;"><span style="mso-list: Ignore;">iv.<span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"> </span></span></span><span style="font-size: 10pt; line-height: 150%;">Recovery
Agent</span></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: 10pt; line-height: 150%;">Even
in other cases, wherever a provider of any service acts as an intermediary for
another person, as identified by the guiding principles outlined above, this
rule will apply. Normally, it is expected that the intermediary or agent would
have documentary evidence authorizing him. <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">To act on behalf of the provider of the
‘main service</i></b></span></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 10pt; line-height: 150%;">ILLUSTRATION</span></b></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 10pt; line-height: 150%;">A freight forwarder arranges for
export and import shipments. There could be two possible situations here-one
when he acts on his own account, and the other, when he acts as an
intermediary:</span></b></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><u><span style="font-size: 10pt; line-height: 150%;">When the freight
forwarder acts on his own account</span></u></b><span style="font-size: 10pt; line-height: 150%;"> (say, for an export
shipment) A freight forwarder provides domestic transportation within taxable
territory (say, from the Exporter’s factory located in Pune to Mumbai port) as
well as international freight service (say, from Mumbai port to the international
destination), under a <b style="mso-bidi-font-weight: normal;">single contract</b>,
on his <b style="mso-bidi-font-weight: normal;">own </b>account (i.e. he buys-in
and sells fright transport as a principal), and charges a <b style="mso-bidi-font-weight: normal;">consolidated</b> amount to the exporter. This is a service of
transportation of goods for which the place of supply is the destination of
goods. Since the destination of goods is outside taxable territory, this
service will not attract service tax <b style="mso-bidi-font-weight: normal;">due
to export of goods</b>. Here, it is presumed that ancillary freight services
(i.e. Services ancillary to transportation- loading, unloading, handling etc.)
are “bundled” with the principal Service owing to a single contract or a single
price (consideration).On an import shipment with similar conditions, the place
of supply will be in the taxable territory, and so the service tax will be
attracted. For more information : <a href="http://carajput.com/services-company-registration.aspx"><b>new company registration India</b></a></span></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><u><span style="font-size: 10pt; line-height: 150%;">When the freight
forwarder acts as an intermediary: </span></u></b><span style="font-size: 10pt; line-height: 150%;"></span></span></div>
<div class="MsoNormal" style="line-height: 150%;">
<br /></div>
<div class="MsoNormal" style="line-height: 150%;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: 10pt; line-height: 150%;">Where the freight
forwarder acts as an intermediary, the place of provision will be <b style="mso-bidi-font-weight: normal;">his location</b>. <a href="http://carajput.com/Service-Tax-Procedure.aspx"><b>Service tax</b></a> will be
payable on the <b style="mso-bidi-font-weight: normal;">services provided by him.</b>
However, when he provides a Service to an exporter of goods, the exporter can
claim refund of service tax paid under notification for this purpose.</span></span></div>
<div class="MsoNormal">
<br /></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-yfti-tbllook: 1184; width: 100%px;">
<tbody>
<tr style="height: 16.15pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: solid windowtext 1.0pt; height: 16.15pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 15.38%;" valign="top" width="15%">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><u><span style="font-size: 10pt;">Particular </span></u></b></span></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 16.15pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 41.32%;" valign="top" width="41%">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><u><span style="font-size: 10pt;">Prepaid Shipment </span></u></b></span></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 16.15pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 43.3%;" valign="top" width="43%">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><u><span style="font-size: 10pt;">Collect Shipment</span></u></b></span></div>
</td>
</tr>
<tr style="height: 134.05pt; mso-yfti-irow: 1;">
<td style="border-top: none; border: solid windowtext 1.0pt; height: 134.05pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 15.38%;" valign="top" width="15%">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 10pt;">In case of Import</span></b></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 134.05pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 41.32%;" valign="top" width="41%">
<table align="left" border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; margin-left: 6.75pt; margin-right: 6.75pt; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-anchor-horizontal: margin; mso-table-anchor-vertical: page; mso-table-left: left; mso-table-lspace: 9.0pt; mso-table-overlap: never; mso-table-rspace: 9.0pt; mso-table-top: 17.65pt; mso-yfti-tbllook: 1184; width: 358px;">
<tbody>
<tr style="height: 58.2pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: solid windowtext 1.0pt; height: 58.2pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 53.58%;" valign="top" width="53%">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 10pt;">Service
performed outside India by foreign agent </span></b></span></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 58.2pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 46.42%;" valign="top" width="46%">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 10pt;">Service
performed in<span style="mso-spacerun: yes;"> </span>India by Indian
logistic company</span></b></span></div>
</td>
</tr>
<tr style="height: 43.75pt; mso-yfti-irow: 1; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: solid windowtext 1.0pt; height: 43.75pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 53.58%;" valign="top" width="53%">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 10pt;">Non taxable</span></b></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 43.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 46.42%;" valign="top" width="46%">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 10pt;">Taxable </span></b></span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 10pt;"></span></b></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 134.05pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 43.3%;" valign="top" width="43%">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-yfti-tbllook: 1184; width: 99%px;">
<tbody>
<tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 33.34%;" valign="top" width="33%">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 10pt;">Service
performed outside India by foreign agent</span></b></span></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 33.32%;" valign="top" width="33%">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 10pt;">Service
performed in<span style="mso-spacerun: yes;"> </span>India by Indian
logistic company</span></b></span></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 33.34%;" valign="top" width="33%">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 10pt;">Service
given to foreign agent related to collection of revenue</span></b></span></div>
</td>
</tr>
<tr style="height: 43.15pt; mso-yfti-irow: 1; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: solid windowtext 1.0pt; height: 43.15pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 33.34%;" valign="top" width="33%">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 10pt;">Non taxable</span></b></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 43.15pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 33.32%;" valign="top" width="33%">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 10pt;">Taxable</span></b></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 43.15pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 33.34%;" valign="top" width="33%">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 10pt;">Taxable</span></b></span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 10pt;"></span></b></span></div>
</td>
</tr>
<tr style="height: 134.05pt; mso-yfti-irow: 2; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: solid windowtext 1.0pt; height: 134.05pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 15.38%;" valign="top" width="15%">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 10pt;">In case of Export</span></b></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 134.05pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 41.32%;" valign="top" width="41%">
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<br /></div>
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</span></span></span><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-size: 10pt; line-height: 150%;">Service Provider</span></i></b><span style="font-size: 10pt; line-height: 150%;">
–Freight Forwarder</span></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: 150%; margin-bottom: .0001pt; margin-bottom: 0in; mso-add-space: auto; mso-list: l0 level1 lfo3; tab-stops: 20.1pt; text-align: justify; text-indent: -.25in;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: 10pt; line-height: 150%;"><span style="mso-list: Ignore;">·<span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-size: 10pt; line-height: 150%;">Place of Provision</span></i></b><span style="font-size: 10pt; line-height: 150%;">-Location
of service provider (as intermediary)</span></span></div>
<div class="MsoListParagraphCxSpLast" style="line-height: 150%; margin-bottom: .0001pt; margin-bottom: 0in; mso-add-space: auto; mso-list: l0 level1 lfo3; tab-stops: 20.1pt; text-align: justify; text-indent: -.25in;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: 10pt; line-height: 150%;"><span style="mso-list: Ignore;">·<span style="-moz-font-feature-settings: normal; -moz-font-language-override: normal; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-size: 10pt; line-height: 150%;">Value of taxableService</span></i></b><span style="font-size: 10pt; line-height: 150%;">
–As per valuation Rule 6(8) of service tax rules ,1994 read with sec 67 of
Finance Act,1994,Gross amount<span style="mso-spacerun: yes;"> </span>of
remuneration or commission i.e. reimbursements<span style="mso-spacerun: yes;">
</span>expenses <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">on actual basis </i></b>not liable to service tax <b style="mso-bidi-font-weight: normal;">(A<i style="mso-bidi-font-style: normal;">s decided case of Sangamitra
services agency June 27,2013, H.C.)</i></b></span></span></div>
</div>
Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com0tag:blogger.com,1999:blog-7267470089086203947.post-17533902523753052812014-10-14T03:21:00.000-07:002014-10-14T03:21:22.347-07:00STRATEGIES OF MULTI LEVEL NETWORK MARKETING IN INDIA<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"> <b>What kind of marketing plan we choose starting a MLM Company?</b></span></h2>
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<span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">This is very vital question the marketing system adoption while
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjcmvsEX2mG2Rat5qkN0mAIb6ojEqE8Z_KvyMxGecClvryVlYJ1XICWTd9d7EdFoLo-KdwFwELQJQQ9b4SclDOJt29Yzr3Y-AWDfauW-suaEMk7BmaVcZn8eE4wCGQqCy9Y3FkfoOkfJGDB/s1600/GENERATION+PERCENTAGE+PLAN.JPG" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjcmvsEX2mG2Rat5qkN0mAIb6ojEqE8Z_KvyMxGecClvryVlYJ1XICWTd9d7EdFoLo-KdwFwELQJQQ9b4SclDOJt29Yzr3Y-AWDfauW-suaEMk7BmaVcZn8eE4wCGQqCy9Y3FkfoOkfJGDB/s1600/GENERATION+PERCENTAGE+PLAN.JPG" /></a></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The oldest and the most successful
method of MLM Commission Distribution System which is being adopted by most of
the consumable product selling mlm companies like Amway, Oriflamme, Avon,
Herbalife etc. in which company fix some target selling to achieve some fix
percentage of commission. It’s an open width program in which a customer can
open as many legs as he wants and achieve more and more percentage fix up by
company till he achieve last level of promotion.</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhn4ILmJ9RDCduz3n1N163v1RQC2Ra18yYAqA5VVlwiy3ttVXjDDiwyQTkMlqeTWxVL43n7ObU4SqtlqPe7pFPllIdeVqMhnO-u1qpspRe9fz01xqL05d79-w7GwYP9Iw92F9OPbSwp8QcM/s1600/PARTY+PLAN.JPG" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhn4ILmJ9RDCduz3n1N163v1RQC2Ra18yYAqA5VVlwiy3ttVXjDDiwyQTkMlqeTWxVL43n7ObU4SqtlqPe7pFPllIdeVqMhnO-u1qpspRe9fz01xqL05d79-w7GwYP9Iw92F9OPbSwp8QcM/s1600/PARTY+PLAN.JPG" /></a></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The most successful and the only
legal system in most of the European countries and adopted by Tupperware in
which a customer organize a kitty party at home and call his/her friends and
relatives in which he/she showcase the products and try to sell products to
them and to turn into distributor of the company via Kitty party. In this modal
company offer Discounts and Free Gifts to party organizer as well in party.</span></div>
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<br /></div>
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<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
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<br /></div>
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<b><span style="color: #8bc400; font-family: "Trebuchet MS","sans-serif"; font-size: 12.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">BINARY MLM PLAN</span></b></div>
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIic7_k7WN1MSPPfy4W-LZyZ1N61cQY9giTv2dguqlr1Kkt_IaIy0HRdqXqeUVd6O8poWzg-PhCsnhCN5evZdKN8d7gTaqoTaKGX4DX_ZDH5QcdbhYXmaxrldG8GqSKhPR997vevdZef4W/s1600/BINARY+MLM+PLAN.JPG" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIic7_k7WN1MSPPfy4W-LZyZ1N61cQY9giTv2dguqlr1Kkt_IaIy0HRdqXqeUVd6O8poWzg-PhCsnhCN5evZdKN8d7gTaqoTaKGX4DX_ZDH5QcdbhYXmaxrldG8GqSKhPR997vevdZef4W/s1600/BINARY+MLM+PLAN.JPG" /></a></div>
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New age MLM System is being offered by an online computer education system
selling American company Skybiz in year 2000 is now the best adopted modal for
new age one time product and services selling companies, before Skybiz no one
has ever thought that Internet and MLM the combination of both can the idea of
this century to sell service through Internet via MLM Route. Skybiz was the
fastest MLM Company in the world to sell more than 10 million Computer
Education Packages online in just 8 months of the launch of the product and become
multibillion dollar company in just 1 year with the use of Internet and Power
of MLM. It started from United States and reached more than 180 countries and
become worldwide phenomena in just 6 months of time. In this System a person
can only open 2 legs and other people will spill over to those two people under
them and has fix payment system on matching of the new product sold under
his/her 2 legs.</span><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> </span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEicwrk-_pyycuurco-ba5DcRQD6oSLn2-JGXKf6n6xvZhPcQxwSzVbPUM5BUgq1iU8jsTEnkegxCEfuZlPc5bKBmThZZ20fzqLsLGZlrorGmhrLPqhhzKjtg0oZLOuP8ACpy4MTwn8NDMPX/s1600/AUSTRALIAN+BINARY+PLAN.JPG" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEicwrk-_pyycuurco-ba5DcRQD6oSLn2-JGXKf6n6xvZhPcQxwSzVbPUM5BUgq1iU8jsTEnkegxCEfuZlPc5bKBmThZZ20fzqLsLGZlrorGmhrLPqhhzKjtg0oZLOuP8ACpy4MTwn8NDMPX/s1600/AUSTRALIAN+BINARY+PLAN.JPG" /></a></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">In 2001 one 3 mobile an Australian
Telecom Giant offered a new marketing system in Australia now called Australian
Binary in which a customer can open 3 legs and first two legs will give profit
to his/her up line member and the third one will give profit to the sponsored
member. In the initial period it shoot up like rocket and bust all previous
records and added new people to MLM as this system offer more commissions to
new member and lesser for the old ones but the earlier system were offering the
reverse of the Australian Binary. This system was adopted by one product selling
small MLM Companies to become competitive to earlier setup MLM Giants.</span></div>
<br />
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<![endif]--><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">In
year 2005 few American companies started this System in USA this is get rich
quick system where a person earn big commission over his/her team when he/she
qualify or break a board of 8 -16-32 members generally he gets the commission
of all the 8-16-32 members himself on their work.</span></div>
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<span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">In the whole of the this marketing system we prefer Binary System
is the most compatible system for one time product selling companies as it is
easy to understand and easy to explain and customer may earn commission at
minimal effort.</span></div>
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<br /></div>
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<b><span style="color: #3e454e; font-family: "Trebuchet MS","sans-serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-font-kerning: 18.0pt;">Top MLM Companies of Multi level Network
Marketing in India</span></b></div>
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<span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Now more than 10000 Companies of direct selling operating in India
whose business turnover is more than 3500 Crores fiscal year 2009-2010,
according to the Indian Direct Selling Association, IDSA. IDSA is an
association developed by some of the direct selling MLM companies in India for
the core issues related to this business and future prospects of the trade.</span></div>
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<b><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">IDSA Members companies list: Indian Direct Selling Association
–IDSA</span></b></div>
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</span></span></span><a href="http://www.tupperwareindia.com/" target="_blank" title="Tupperware India"><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">Tupperware</span></a><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"></span></div>
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<span style="color: black; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 9.0pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><a href="http://www.tianshiindia.co.in/" target="_blank" title="Tiens India"><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">Tines</span></a><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"></span></div>
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</span></span></span><a href="http://in.oriflame.com/" target="_blank" title="Oriflame India"><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">Oriflame</span></a><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"></span></div>
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</span></span></span><a href="http://www.modicare.com/" target="_blank" title="Modicare"><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">Modicare</span></a><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"></span></div>
<div class="MsoNormal" style="line-height: 13.5pt; margin-bottom: .0001pt; margin: 0in; mso-list: l1 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<span style="color: black; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 9.0pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><a href="http://www.maxnewyorklife.com/" target="_blank" title="Max Newyork Life"><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">Max
Newyork Life Insurance</span></a><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"></span></div>
</td>
<td style="border: none; padding: .75pt .75pt .75pt .75pt; width: 132.75pt;" valign="top" width="177">
<div class="MsoNormal" style="line-height: 13.5pt; margin-bottom: .0001pt; margin: 0in; mso-list: l2 level1 lfo2; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<span style="color: black; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 9.0pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><a href="http://www.marykay.co.in/" target="_blank" title="Mary Kay India"><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">Mary
Kay</span></a><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"></span></div>
<div class="MsoNormal" style="line-height: 13.5pt; margin-bottom: .0001pt; margin: 0in; mso-list: l2 level1 lfo2; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<span style="color: black; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 9.0pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><a href="http://klinkindia.in/" target="_blank" title="Klink India"><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">Klink</span></a><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"></span></div>
<div class="MsoNormal" style="line-height: 13.5pt; margin-bottom: .0001pt; margin: 0in; mso-list: l2 level1 lfo2; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<span style="color: black; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 9.0pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><a href="http://www.jafra.net.in/" target="_blank" title="Jafra India MLM"><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">Jafra</span></a><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"></span></div>
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<span style="color: black; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 9.0pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><a href="http://www.huln.co.in/" target="_blank" title="HLL Network"><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">Hindustan Unilever</span></a><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"></span></div>
<div class="MsoNormal" style="line-height: 13.5pt; margin-bottom: .0001pt; margin: 0in; mso-list: l2 level1 lfo2; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<span style="color: black; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 9.0pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><a href="http://www.herbalifeww.com/in/" target="_blank" title="Herbalife India"><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">Herbalife</span></a><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"></span></div>
</td>
<td style="border: none; padding: .75pt .75pt .75pt .75pt; width: 132.0pt;" valign="top" width="176">
<div class="MsoNormal" style="line-height: 13.5pt; margin-bottom: .0001pt; margin: 0in; mso-list: l0 level1 lfo3; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<span style="color: black; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 9.0pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><a href="http://www.daehsan-india.com/" target="_blank" title="DXN INDIA"><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">DXN</span></a><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"></span></div>
<div class="MsoNormal" style="line-height: 13.5pt; margin-bottom: .0001pt; margin: 0in; mso-list: l0 level1 lfo3; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<span style="color: black; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 9.0pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><a href="http://www.cni-india.com/" target="_blank" title="CNI India Network"><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">CNI
India</span></a><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"></span></div>
<div class="MsoNormal" style="line-height: 13.5pt; margin-bottom: .0001pt; margin: 0in; mso-list: l0 level1 lfo3; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<span style="color: black; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 9.0pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><a href="http://www.in.avon.com/" target="_blank" title="Avon India"><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">Avon</span></a><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"></span></div>
<div class="MsoNormal" style="line-height: 13.5pt; margin-bottom: .0001pt; margin: 0in; mso-list: l0 level1 lfo3; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<span style="color: black; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 9.0pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><a href="http://www.amway.in/" target="_blank" title="Amway India Business"><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">Amway</span></a><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"></span></div>
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</span></span></span><a href="http://www.elken.com/" target="_blank" title="Elken India"><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">Elken</span></a><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"></span></div>
</td>
<td style="border: none; padding: .75pt .75pt .75pt .75pt; width: 132.0pt;" valign="top" width="176">
<div class="MsoNormal" style="line-height: 13.5pt; margin-bottom: .0001pt; margin: 0in; mso-list: l3 level1 lfo4; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<span style="color: black; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 9.0pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><a href="http://www.amcindia.net/" target="_blank" title="AMC INDIA"><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">AMC Cookware</span></a><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"></span></div>
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<span style="color: black; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 9.0pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><a href="http://www.altosindia.net/" target="_blank" title="Altos India"><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">Altos</span></a><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"></span></div>
<div class="MsoNormal" style="line-height: 13.5pt; margin-bottom: .0001pt; margin: 0in; mso-list: l3 level1 lfo4; tab-stops: list .5in; text-align: justify; text-indent: -.25in;">
<span style="color: black; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 9.0pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><a href="http://india.4life.com/" target="_blank" title="4Life India"><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">4life India</span></a><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"></span></div>
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<span style="color: black; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">There are hundreds of other MLM companies also operating in India
who are not a part of any association or IDSA but they have gained immense
popularity in Multi Level Sales Business in India.</span></div>
<div class="MsoNormal" style="line-height: 13.5pt; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<br />
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Know more about information: <a href="http://carajput.com/Service-Tax-Procedure.aspx"><b>Service Tax</b></a> and <a href="http://carajput.com/services-LLP-consultancy.aspx"><b>Tax consultants in Delhi</b></a></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><b> </b></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Hope the information will assist you in your Professional endeavors. For query or help, contact: <b>info@carajput.com</b> or call at <b>011-43520194</b><br /></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
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<br />
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<div class="MsoNormal" style="background: white; line-height: 200%; margin-bottom: .0001pt; margin-bottom: 0in; mso-margin-top-alt: auto; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 200%; mso-fareast-font-family: "Times New Roman";">The
Finance Minister Mr. Arun Jaitley, has set himself a daunting task to maintain
the FY15 fiscal deficit target of 4.1 %, is trying to bring back the interest
of foreign institutional investors by increasing the FDI limit in some sectors
and abolishing the controversial retrospective tax. </span></div>
<br />
<ul style="text-align: left;">
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 200%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><b><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 200%; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">FDI in defence sector:</span></b><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 200%; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 200%; mso-fareast-font-family: "Times New Roman";">Finance Minister Arun
Jaitley in his maiden Budget said that the government is looking at raising
foreign direct investment (FDI) in the defence sector to 49 % from 26 %.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 200%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 200%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><b><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 200%; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">FDI in insurance sector:</span></b><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 200%; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 200%; mso-fareast-font-family: "Times New Roman";">The government has
increased FDI in insurance up to 49 % from 26 % earlier. It would enable many
promoters of Indian companies to sell their shares as well as infuse new
capital in the firms.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 200%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 200%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><b><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 200%; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">No retrospective tax:</span></b><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 200%; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 200%; mso-fareast-font-family: "Times New Roman";">The government plans
to do away with the retrospective tax. All cases of retro taxes after 2012 will
be pushed to the higher panel. The minister said he hopes foreign companies
will appreciate the move on retrospective tax.</span><b><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 200%; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"> </span></b></li>
<li><b><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 200%; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">FDI in ecommerce sector:</span></b><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 200%; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 200%; mso-fareast-font-family: "Times New Roman";">Liberalisation of FDI
in the ecommerce sector will provide much-needed certainty to foreign players
and to a sector that has the promise to provide increased commerce and generate
employment in the country. The move will also provide boost to the sector and
create healthy competition so as to benefit all the constituents in the
ecosystem - consumers, government, ecommerce players and retailers in general.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 200%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 200%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><b><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 200%; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">FDI in health insurance sector:</span></b><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 200%; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 200%; mso-fareast-font-family: "Times New Roman";">This budget provisions
to enhance both financial and physical access of healthcare for the country.</span></li>
</ul>
<div class="MsoNormal" style="background: white; line-height: 200%; margin-bottom: .0001pt; margin-bottom: 0in; mso-margin-top-alt: auto; text-align: justify; text-justify: inter-ideograph;">
<span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 200%; mso-fareast-font-family: "Times New Roman";">Through
broadband in rural area, telemedicine will increase the accessibility of
qualified doctors and specialists into rural area and increased FDI in health
insurance to 49 per cent will help increase the financial accessibility of population.</span></div>
<div class="MsoNormal" style="background: white; margin-bottom: .0001pt; margin-bottom: 0in; mso-margin-top-alt: auto; text-align: justify; text-justify: inter-ideograph;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">OTHER UNION BUDGET 2014 – HIGHLIGHTS</span></b></div>
<ul style="text-align: left;">
<li><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Government will not bring any retrospective amendment which is
unfair to the tax payers.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Five more Indian Institute of Management (IIMs) to be set up.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Four more Indian Institute of Technology (IITs) to be set up.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Rs. 100 crores for Metro in Lucknow and Ahmedabad.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Allocates Rs. 400 crores to incentivize the development of low
cost housing.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Rs 500 crores for solar power development project in Tamil Nadu
and Rajasthan.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Uniform Know Your Customer (KYC) norms for entire financial
sector.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Finance Minister Proposes liberalization of American Depository
Receipt (ADR)/Global Depository Receipt (GDR) regime.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Accounting Standards for Banks and Insurance sector would be
notified separately.</span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"></span></span></span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">Taxation issues for foreign funds with Indian managers to be
clarified.<span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">Finance Minister proposes one Demat account for all financial
products.<span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">Special small saving scheme to be introduced for the education
of girl child.<span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">Public Provident Fund (PPF) annual ceiling enhanced to 1.5 lacs.<span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">Maximum exemption limit raised to Rs. 2.5 lacs for an
individual.<span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">Senior Citizen are not liable to pay tax on income upto Rs.
3,00,000.<span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">Investment limit under Section 80C increased to Rs. 1.5 Lacs.<span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">Deduction for Interest on Housing Loan increased to Rs. 2,00,000.<span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">No change in tax rates for corporate tax payers.<span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">Concessional rate of tax on dividend from foreign subsidiaries
continues.<span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">No sunset date for concessional rates for foreign dividends.<span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">Concessional rate of 5% on interest extended to all types of
bonds.<span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">Government shall consider public comments received on DTC.<span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">10 year tax holiday for power companies starting production and
distribution on or before March 31, 2017.<span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">To boost manufacturing sectors - customs duty reduced on certain
inputs such as fatty acids, etc.<span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Import duty on steel increased from 5% to 7.5%.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Government to provide investment allowance at 15% for 3 years to
manufacturing company investing more than Rs. 25 crores.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Portfolio income of Foreign Institutional Investor (FIIs) to be
treated as capital gain.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Imported electronics goods to cost more. A cess to be
introduced.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Income of funds from portfolio investments shall be deemed as
capital gains.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Controversy over categorization of income of foreign investor
funds as capital gains or business income shall end with this proposal.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Customs duty reduced on certain types of coals.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Government reduces basic customs duty on LCD/LED televisions.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Customs duty cut to nil on import of LCD, LED Panels below 19
inch.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">TV sets, Solar power units, computers, oil products, soaps
becomes cheaper.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Footwear to go cheaper - excise duty reduced from 12% to 6%.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Sugary carbonated drinks to get dearer.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Cigarettes, Cigars, Pan Masala, Gutka and other tobacco product
to attract more excise duty.</span><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Basic rates of customs duty @ 10%, excise duty @ 12% and service
tax @ 12% remains intact.</span><span style="color: #000066; font-family: Symbol; font-size: 10.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li><span style="color: #000066; font-family: Symbol; font-size: 10.0pt; line-height: 150%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Arial","sans-serif"; font-size: 9.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Excise duty hiked on aerated waters with sugar content.</span><span style="color: #000066; font-family: "Book Antiqua","serif"; font-size: 10.0pt; line-height: 150%; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"></span></li>
</ul>
<div class="MsoNormal" style="line-height: 13.5pt; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<i><span style="color: black; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"> Know more about information: <a href="http://carajput.com/"><b>TDS Return</b></a> and <a href="http://carajput.com/services-company-registration.aspx"><b>new company registration</b></a></span></i></div>
<div class="MsoNormal" style="line-height: 13.5pt; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph;">
<i><span style="color: #000066; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Hope the information will assist you in your
Professional endeavors. For query or help, contact: </span></i><span style="color: #000066; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"> </span><a href="mailto:info@carajput.com"><i><span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; text-decoration: none; text-underline: none;">info@carajput.com</span></i></a><span style="color: #000066; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"> <i>or call at </i></span><i><span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">011-43520194</span></i><span style="color: #000066; font-family: "Verdana","sans-serif"; font-size: 9.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"></span></div>
</div>
Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com0tag:blogger.com,1999:blog-7267470089086203947.post-14937629264048358702014-10-06T00:14:00.000-07:002014-10-06T00:14:00.296-07:00How to Open MLM Company in India, Best MLM Business Plan<div dir="ltr" style="text-align: left;" trbidi="on">
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<b><span style="color: #000066; font-family: "Georgia","serif"; font-size: 11.0pt; mso-bidi-font-family: Arial;">Who can start a multi-level marketing mlm company?</span></b></div>
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<span style="color: #000066; font-family: "Georgia","serif"; font-size: 11.0pt; mso-bidi-font-family: Arial;">A company or manufacturer or a trading company who has
some exclusive and unique products or services to market and wants to tap
worldwide customers without setting up expensive shops and showrooms with
little efforts and patience can start MLM Company.</span></div>
<div class="style60" style="line-height: 16.8pt; text-align: justify;">
<b><span style="color: #000066; font-family: "Georgia","serif"; font-size: 11.0pt; mso-bidi-font-family: Arial;">What is the law for setting up Multi Level Marketing
Company India?</span></b></div>
<div style="line-height: 16.8pt; text-align: justify;">
<span style="color: #000066; font-family: "Georgia","serif"; font-size: 11.0pt; mso-bidi-font-family: Arial;">There
is no separate law for setting up a Multi Level Network Marketing MLM Company
in India till now it was proposed in Indian Parliament 2005 but yet not became
a law however there are certain acts of India constitutions which we need to
consider before setting up Multi Level Marketing Company:</span></div>
<ol start="1" style="margin-top: 0in;" type="1">
<li class="MsoNormal" style="color: #000066; line-height: 16.8pt; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify;"><span style="font-family: "Georgia","serif"; mso-bidi-font-family: Arial;">It should not be a only head count commission modal which falls in
Pyramid Scheme which is banned in India, covers MRTP Act alias Money
Rotation Trade Practice Banning ACT 1969.</span></li>
<li class="MsoNormal" style="color: #000066; line-height: 16.8pt; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify;"><span style="font-family: "Georgia","serif"; mso-bidi-font-family: Arial;">It should not be only money involved investment return format which
falls in PCMC Act alias Prize Chit and Money Circulation banning Act 1978.
</span></li>
<li class="MsoNormal" style="color: #000066; line-height: 16.8pt; margin-bottom: .0001pt; margin-bottom: 0in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify;"><span style="font-family: "Georgia","serif"; mso-bidi-font-family: Arial;">It should be feasible Product selling Business Modal.</span></li>
</ol>
<div class="style60" style="line-height: 16.8pt; text-align: justify;">
<b><span style="color: #000066; font-family: "Georgia","serif"; font-size: 11.0pt; mso-bidi-font-family: Arial;">What is the best practice to setup a Multi Level Marketing
Company?</span></b></div>
<div style="line-height: 16.8pt; text-align: justify;">
<span style="color: #000066; font-family: "Georgia","serif"; font-size: 11.0pt; mso-bidi-font-family: Arial;">Firstly
we recommend you to setup a Private Limited or Limited Company to setup a Multi
Level Marketing Company in India which involved limited risk for directors who
are setting up a Multi Level Marketing Company Business.</span></div>
<div style="line-height: 16.8pt; text-align: justify;">
<span style="color: #000066; font-family: "Georgia","serif"; font-size: 11.0pt; mso-bidi-font-family: Arial;">Apply
for IDSA (Indian Direct Selling Association) Member Ship. It’s not a government
body but it’s a private body setup by Amway India who is trying to govern the
whole Direct Selling Companies in India with their problem and to stop
unethical and illegal MLM companies and Multi Level Network marketing Business
practice to operate and destroy the MLM Business route.</span></div>
<div style="line-height: 16.8pt; text-align: justify;">
<span style="color: #000066; font-family: "Georgia","serif"; font-size: 11.0pt; mso-bidi-font-family: Arial;">Apply
for Vat/Service Tax/ Tan No and all necessary license and registration required
for manufacture and selling your product.</span></div>
<span style="color: #000066; font-family: "Georgia","serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: Arial; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">Appoint a Legal Advisor and a Chartered Account to
create rules and regulation forms, printing materials, other company related
legal documents and stationary materials. Please does not cut copy paste other
company’s print materials as it may not be applied on your product or MLM
Business modal? It is also advisable to develop exclusive website content and
information related to company written by legal advisor of the company to
counter legal laws of the Land.</span><br />
<br />
<span style="color: #000066; font-family: "Georgia","serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: Arial; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">Know more about information: <a href="http://carajput.com/out-team.aspx"><b>Chartered accountant in India</b></a> and <a href="http://carajput.com/"><b>TDS Return</b></a></span><br />
<br />
<span style="color: #000066; font-family: "Georgia","serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: Arial; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">Hope the information will assist you in your professional endeavors. For query or help, contact: <b>info@carajput.com</b> or call at <b>011-43520194</b> </span><br />
<br />
<em></em><strong><em><br /></em></strong>
</div>
Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com0tag:blogger.com,1999:blog-7267470089086203947.post-44560575585709733812014-09-24T00:28:00.000-07:002014-09-24T00:28:57.123-07:00TAX AUDIT U/S 44AB UNDER INCOMR TAX ACT <div dir="ltr" style="text-align: left;" trbidi="on">
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<div class="MsoNormal" style="line-height: 22.5pt; margin-bottom: 0.0001pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Tax Audit u/s 44AB- </span></u></b><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">An Assessee is liable to get his <b>Tax
Audit</b> done by a <a href="http://carajput.com/out-team.aspx"><b>Chartered Accountant</b></a> mandatorily, if in the previous
year,</span></div>
<div class="MsoNormal" style="line-height: 22.5pt; margin: 0in 0in 0.0001pt 19.5pt; text-align: justify; text-indent: -0.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";">
</span></span></span></b><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The
Person is carrying on business and his Total Sales/Turnover exceeds </span><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Rs. 1 Crore <span style="color: black;">(Limit increased
wef 1<sup>st</sup> April 2012) or</span></span></div>
<div class="MsoNormal" style="line-height: 22.5pt; margin: 0in 0in 0.0001pt 19.5pt; text-align: justify; text-indent: -0.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";">
</span></span></span></b><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The
Person is carrying on Profession, and his Gross Receipts* exceed </span><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Rs. 25 Lakhs <span style="color: black;">(Limit increased
wef 1st April 2012) or</span></span></div>
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<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">3.<span style="font: 7.0pt "Times New Roman";">
</span></span></span></b><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The
Person is carrying on business or profession and is covered under the
provisions of</span><a href="http://www.charteredclub.com/section-44ad/" target="_blank"><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman"; text-decoration: none; text-underline: none;">section 44AD</span></a><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">, </span><a href="http://www.charteredclub.com/section-44ae/" target="_blank"><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman"; text-decoration: none; text-underline: none;">44AE</span></a><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">,
44AF, 44BB or 44BBB and claims that his income from the said business is lower
than the deemed profits and gains computed under the relevant section.</span></div>
<div class="MsoNormal" style="line-height: 22.5pt; margin-bottom: 19.5pt; text-align: justify;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">*ICAI has further
clarified that the amount received from the following items shall not be
included while computing the Total Sales/Total Turnover/ Gross Receipts:-</span></div>
<div class="MsoNormal" style="line-height: 22.5pt; margin: 0in 0in 0.0001pt 19.5pt; text-align: justify; text-indent: -0.25in;">
<span style="color: black; font-family: Wingdings; font-size: 10.0pt; mso-bidi-font-family: Wingdings; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">§<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Sale Proceeds of Fixed Assets</span></div>
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<span style="color: black; font-family: Wingdings; font-size: 10.0pt; mso-bidi-font-family: Wingdings; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">§<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Sale Proceeds of Assets held as Investments</span></div>
<div class="MsoNormal" style="line-height: 22.5pt; margin: 0in 0in 0.0001pt 19.5pt; text-align: justify; text-indent: -0.25in;">
<span style="color: black; font-family: Wingdings; font-size: 10.0pt; mso-bidi-font-family: Wingdings; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">§<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Rental Income</span></div>
<div class="MsoNormal" style="line-height: 22.5pt; margin: 0in 0in 0.0001pt 19.5pt; text-align: justify; text-indent: -0.25in;">
<span style="color: black; font-family: Wingdings; font-size: 10.0pt; mso-bidi-font-family: Wingdings; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">§<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Income by way of Interest unless assessable as
Business Income</span></div>
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<span style="color: black; font-family: Wingdings; font-size: 10.0pt; mso-bidi-font-family: Wingdings; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">§<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Any expense which is reimbursable to the Agent
by the Client</span></div>
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<br /></div>
<div class="MsoNormal" style="line-height: 22.5pt; margin-bottom: 0.0001pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Form required in compliance of Sec.44AB-</span></u></b></div>
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<br /></div>
<div class="MsoNormal" style="line-height: 22.5pt; margin: 0in 0in 0.0001pt 19.5pt; text-align: justify; text-indent: -0.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";">
</span></span></span></b><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Form 3CA & Form 3CD- </span></b><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">These Forms are used in case where the Accounts
of the business or profession of a person have already been audited under any
other Law. (</span><a href="http://www.charteredclub.com/wp-content/uploads/2013/05/Form3CA_2012.zip" target="_blank"><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman"; text-decoration: none; text-underline: none;">Download excel utility for efiling tax audit report in
Form 3CA & Form 3CD</span></a><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">)</span></div>
<div class="MsoNormal" style="line-height: 22.5pt; margin: 0in 0in 0.0001pt 19.5pt; text-align: justify; text-indent: -0.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";">
</span></span></span></b><b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Form 3CB & Form 3CD–</span></b><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> These Forms are used in case where the Accounts
of the business or profession have not been audited earlier.</span><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt;"></span></div>
<div class="MsoNormal" style="line-height: 22.5pt; margin-bottom: 0.0001pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Due Date of filing Tax Audit Report- </span></u></b><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The Due Date of filing the Tax Audit
Report under <b>Section 44AB</b> is 30<sup>th</sup></span><span style="color: #993300; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">September of the Assessment Year. However, <b>for AY
2014-15 the due date for filing Tax Audit Report has been extended from 30th
Sept 2014 to 30th Nov 2014 (Notification No. 133/24/2014)</b>.<a href="https://www.blogger.com/null" name="_GoBack"></a></span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><u><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;">Penalty
for Non-compliance of Sec.44AB- </span></u></b><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Non Compliance of the provisions of this act
shall attract Penalty under </span><a href="http://incometaxindiapr.gov.in/incometaxindiacr/incometaxAct_index.jsp" target="_blank"><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman"; text-decoration: none; text-underline: none;">section 271B</span></a><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"> of the Income Tax
Act. If any person required to get his audit done under section 44AB fails
to do so before the specified date shall be liable for penalty of <b style="mso-bidi-font-weight: normal;">½% of the turnover/gross receipts subject
to a maximum penalty of Rs. 1,50,000.</b></span><b style="mso-bidi-font-weight: normal;"><u><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;"></span></u></b></div>
<div class="MsoNormal" style="line-height: 22.5pt; margin-bottom: 19.5pt; text-align: justify;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">However, Section 273B
states that no penalty shall be levied under section 271B if there is a reasonable
cause for such failure. Some instances which have been accepted by the
Tribunals/Courts as “Reasonable Cause” are:-</span></div>
<div class="MsoNormal" style="line-height: 22.5pt; margin: 0in 0in 0.0001pt 19.5pt; text-align: justify; text-indent: -0.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";">
</span></span></span></b><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Resignation
of the Tax Auditor and Consequent Delay</span></div>
<div class="MsoNormal" style="line-height: 22.5pt; margin: 0in 0in 0.0001pt 19.5pt; text-align: justify; text-indent: -0.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";">
</span></span></span></b><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Death
or physical inability of the partner in charge of the Accounts</span></div>
<div class="MsoNormal" style="line-height: 22.5pt; margin: 0in 0in 0.0001pt 19.5pt; text-align: justify; text-indent: -0.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">3.<span style="font: 7.0pt "Times New Roman";">
</span></span></span></b><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Labour
Problems such as strikes, lock-outs for a long period</span></div>
<div class="MsoNormal" style="line-height: 22.5pt; margin: 0in 0in 0.0001pt 19.5pt; text-align: justify; text-indent: -0.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">4.<span style="font: 7.0pt "Times New Roman";">
</span></span></span></b><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Loss
of Accounts because of Fire/Theft etc. beyond the control of the Assessee</span></div>
<div class="MsoNormal" style="line-height: 22.5pt; margin: 0in 0in 0.0001pt 19.5pt; text-align: justify; text-indent: -0.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">5.<span style="font: 7.0pt "Times New Roman";">
</span></span></span></b><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Natural
Calamities</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><u><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;">Revision
of Tax Audit Report- </span></u></b><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Tax Audit Report efiled cannot be revised under normal
circumstances. However, in case the Accounts are revised in the following
circumstances, the Audit Report efiled can also be revised:-</span><b style="mso-bidi-font-weight: normal;"><u><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;"></span></u></b></div>
<div class="MsoNormal" style="line-height: 22.5pt; margin: 0in 0in 0.0001pt 19.5pt; text-align: justify; text-indent: -0.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";">
</span></span></span></b><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Revision
of Accounts of a Company after its adoption in the Annual General Meeting</span></div>
<div class="MsoNormal" style="line-height: 22.5pt; margin: 0in 0in 0.0001pt 19.5pt; text-align: justify; text-indent: -0.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";">
</span></span></span></b><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Change
in Law with Retrospective effect</span></div>
<div class="MsoNormal" style="line-height: 22.5pt; margin: 0in 0in 0.0001pt 19.5pt; text-align: justify; text-indent: -0.25in;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">3.<span style="font: 7.0pt "Times New Roman";">
</span></span></span></b><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Change
in Interpretation of Law (e.g.: </span><a href="http://www.taxmann.com/directtaxlaws/advancesearch_circular.aspx" target="_blank"><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman"; text-decoration: none; text-underline: none;">CBDT Circular, Notifications, Judgements</span></a><span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> etc.)</span></div>
<div class="MsoNormal" style="line-height: 22.5pt; margin-bottom: 19.5pt; text-align: justify;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">In case the Tax Audit
report efiled is revised, the Auditor shall state that it’s a Revised Report
and shall also state the reasons for the same.</span></div>
<div class="MsoNormal" style="line-height: 22.5pt; margin-bottom: 19.5pt; text-align: justify;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Know more about information: <a href="http://carajput.com/services-business-india.aspx"><b>Business financial services</b></a> and <a href="http://carajput.com/services-company-registration.aspx"><b>Company Registration</b></a> </span></div>
<br />
<div style="text-align: justify;">
<i>Hope the information will assist you in your Professional endeavors. For query or help, contact: </i><a href="mailto:info@carajput.com"><i>info@carajput.com</i></a><i> or call at </i><b><i>011-43520194</i></b></div>
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</div>
</div>
Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com0tag:blogger.com,1999:blog-7267470089086203947.post-70867802962312857382014-09-18T04:17:00.001-07:002014-09-18T04:17:07.888-07:00Intimation to Registrar of Companies<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-family: "Times New Roman","serif";">Any
foreign company can establish its place of business in India by filling Form
FC-1 (Documents delivered for registration by a foreign company). The eForm has
to be digitally signed by authorized representative of the foreign company.</span></b></div>
<div class="parawidth2" style="background: white; line-height: 13.5pt; margin-bottom: 9.6pt; margin-left: 0in; margin-right: 0in; margin-top: 4.2pt; text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-size: 11.0pt;">There
is no need to apply and obtain DIN for Directors of a foreign company but the
DSC of the authorized representative is mandatory, which again is not required
to be registered on MCA Application</span></b></div>
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #222222; font-size: 11.0pt;">1) Foreign companies which, establish a
place of business within India are required to deliver the e-form FC-1 along
with the following documents as attachments, to the Registrar of Companies
within thirty days of the establishment of the place of business, for
registration—</span></div>
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #222222; font-size: 11.0pt;">— Charter, statutes or memorandum and
articles of association or other instrument constituting or defining the
constitution of the company is to be attached. If the same is not in English
language then it should be translated copy in English language.</span></div>
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #222222; font-size: 11.0pt;">— Details of individuals’ directors are
to be attached. Details should contain name, surname, former name-if any,
residential address, occupation and other directorship, if any.</span></div>
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #222222; font-size: 11.0pt;">— Approval letter from Reserve Bank of
India for the setting up of business in India is to be attached,</span></div>
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #222222; font-size: 11.0pt;">— Power of attorney or board resolution
in favour of the authoritsed representatives is to be attached.</span></div>
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #222222; font-size: 11.0pt;">— Director’s details—in case of body
corporate, details containing name and complete address of body corporate.</span></div>
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #222222; font-size: 11.0pt;">— Secretary details—if any.</span></div>
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #222222; font-size: 11.0pt;">(The
form will be digitally signed by the authorized representative of the foreign company)</span></b></div>
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #222222; font-size: 11.0pt;">(2) The details of directors, Secretary
and body corporate should contain the following particulars, that is to say:</span></div>
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #222222; font-size: 11.0pt;">(a) with respect to each director—</span></div>
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #222222; font-size: 11.0pt;">(i) In the case of an individual,</span></div>
<div style="line-height: 15.0pt; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 38.9pt; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in; vertical-align: baseline;">
<span style="color: #222222; font-family: Wingdings; font-size: 11.0pt; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">Ø<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #222222; font-size: 11.0pt;">his present name and surname in full, </span></div>
<div style="line-height: 15.0pt; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 38.9pt; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in; vertical-align: baseline;">
<span style="color: #222222; font-family: Wingdings; font-size: 11.0pt; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">Ø<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #222222; font-size: 11.0pt;">any former name or names and surname or
surnames in full, </span></div>
<div style="line-height: 15.0pt; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 38.9pt; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in; vertical-align: baseline;">
<span style="color: #222222; font-family: Wingdings; font-size: 11.0pt; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">Ø<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #222222; font-size: 11.0pt;">his usual residential address, his
nationality, and if that nationality is not the nationality of origin,</span></div>
<div style="line-height: 15.0pt; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 38.9pt; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in; vertical-align: baseline;">
<span style="color: #222222; font-family: Wingdings; font-size: 11.0pt; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">Ø<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #222222; font-size: 11.0pt;"><span style="mso-spacerun: yes;"> </span>his nationality of origin, and </span></div>
<div style="line-height: 15.0pt; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 38.9pt; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in; vertical-align: baseline;">
<span style="color: #222222; font-family: Wingdings; font-size: 11.0pt; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">Ø<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #222222; font-size: 11.0pt;">his business occupation, if any, or if
he has no business occupation but holds any other directorship or
directorships, particulars of that directorship or of some one of those
directorships;</span></div>
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #222222; font-size: 11.0pt;">(ii) In the case of a body corporate, </span></div>
<div style="line-height: 15.0pt; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l2 level1 lfo2; text-align: justify; text-indent: -.25in; vertical-align: baseline;">
<span style="color: #222222; font-family: Wingdings; font-size: 11.0pt; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">Ø<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #222222; font-size: 11.0pt;">its corporate name and </span></div>
<div style="line-height: 15.0pt; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l2 level1 lfo2; text-align: justify; text-indent: -.25in; vertical-align: baseline;">
<span style="color: #222222; font-family: Wingdings; font-size: 11.0pt; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">Ø<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #222222; font-size: 11.0pt;">registered or principal office; and the
full name, address, </span></div>
<div style="line-height: 15.0pt; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l2 level1 lfo2; text-align: justify; text-indent: -.25in; vertical-align: baseline;">
<span style="color: #222222; font-family: Wingdings; font-size: 11.0pt; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">Ø<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #222222; font-size: 11.0pt;">nationality and nationality of origin,
if different from that nationality of each of its directors;</span></div>
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #222222; font-size: 11.0pt;">(b) With respect to the secretary, or
where there are joint secretaries with respect to each of them—</span></div>
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #222222; font-size: 11.0pt;">(i) in the case of an individual, his
present name and surname, any former name or names and surname or surnames, and
his usual residential address; and</span></div>
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify; vertical-align: baseline;">
<span style="color: #222222; font-size: 11.0pt;">(ii) In the case of a body corporate,
its corporate name and registered or principal office:</span></div>
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #222222; font-size: 11.0pt;">(Provided
that, where all the partners in a firm are joint secretaries of the company,
the name and principal office of the firm may be stated instead of the
particulars mentioned in clause (b) of this sub-section.)</span></b></div>
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify; vertical-align: baseline;">
<br /></div>
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify; vertical-align: baseline;">
<br /></div>
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: #002060; font-size: 11.0pt;">INFORMATION REUIRED FOR FILING FC-1</span></u></b></div>
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<br /></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 36.9pt;" width="49">
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: #002060; font-size: 11.0pt;">S. NO.</span></u></b></div>
</td>
<td style="border-left: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 166.5pt;" width="222">
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: #002060; font-size: 11.0pt;">PARTICULARS</span></u></b></div>
</td>
<td style="border-left: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 329.4pt;" width="439">
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: #002060; font-size: 11.0pt;">DETAILS</span></u></b></div>
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: #002060; font-size: 11.0pt;">(to be filled by clients)</span></u></b></div>
</td>
</tr>
<tr style="mso-yfti-irow: 1;">
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 36.9pt;" width="49">
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: #222222; font-size: 11.0pt;">1</span></u></b></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 166.5pt;" width="222">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<span style="font-size: 11.0pt;">Name
of the foreign company<b style="mso-bidi-font-weight: normal;"><u><span style="color: #222222;"></span></u></b></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 329.4pt;" width="439">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<br /></div>
</td>
</tr>
<tr style="mso-yfti-irow: 2;">
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 36.9pt;" width="49">
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: #222222; font-size: 11.0pt;">2</span></u></b></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 166.5pt;" width="222">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<span style="font-size: 11.0pt;">I
SO code of the country where the foreign company is registered</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 329.4pt;" width="439">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<br /></div>
</td>
</tr>
<tr style="mso-yfti-irow: 3;">
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 36.9pt;" width="49">
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: #222222; font-size: 11.0pt;">3</span></u></b></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 166.5pt;" width="222">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<span style="font-size: 11.0pt;">Full
address of registered or principal office of foreign company</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 329.4pt;" width="439">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<br /></div>
</td>
</tr>
<tr style="mso-yfti-irow: 4;">
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 36.9pt;" width="49">
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: #222222; font-size: 11.0pt;">4</span></u></b></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 166.5pt;" width="222">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<span style="font-size: 11.0pt;">Telephone
number with ISD Code</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 329.4pt;" width="439">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<br /></div>
</td>
</tr>
<tr style="mso-yfti-irow: 5;">
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 36.9pt;" width="49">
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: #222222; font-size: 11.0pt;">5</span></u></b></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 166.5pt;" width="222">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<span style="font-size: 11.0pt;">email
Id of the foreign company</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 329.4pt;" width="439">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<br /></div>
</td>
</tr>
<tr style="mso-yfti-irow: 6;">
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 36.9pt;" width="49">
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: #222222; font-size: 11.0pt;">6</span></u></b></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 166.5pt;" width="222">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<span style="font-size: 11.0pt;">Date
of establishment of principal place of business in India</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 329.4pt;" width="439">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<br /></div>
</td>
</tr>
<tr style="mso-yfti-irow: 7;">
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 36.9pt;" width="49">
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: #222222; font-size: 11.0pt;">7</span></u></b></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 166.5pt;" width="222">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<span style="font-size: 11.0pt;">Type
of Office</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 329.4pt;" width="439">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<br /></div>
</td>
</tr>
<tr style="mso-yfti-irow: 8;">
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 36.9pt;" width="49">
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: #222222; font-size: 11.0pt;">8</span></u></b></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 166.5pt;" width="222">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<span style="font-size: 11.0pt;">Address
of the principal place of business in India</span></div>
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<span style="font-size: 11.0pt;">(INCLUDING
Telephone number & email id)</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 329.4pt;" width="439">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<br /></div>
</td>
</tr>
<tr style="mso-yfti-irow: 9;">
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 36.9pt;" width="49">
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: #222222; font-size: 11.0pt;">9</span></u></b></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 166.5pt;" width="222">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<span style="font-size: 11.0pt;">Main
division of business activity to be carried out in India</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 329.4pt;" width="439">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<br /></div>
</td>
</tr>
<tr style="mso-yfti-irow: 10;">
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 36.9pt;" width="49">
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: #222222; font-size: 11.0pt;">10</span></u></b></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 166.5pt;" width="222">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<span style="font-size: 11.0pt;">Details
of other places of business in India (if any)</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 329.4pt;" width="439">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<br /></div>
</td>
</tr>
<tr style="mso-yfti-irow: 11;">
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 36.9pt;" width="49">
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: #222222; font-size: 11.0pt;">11</span></u></b></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 166.5pt;" width="222">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;">
<span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";">Particulars
of place(s) of business in India established on any earlier occasion(s) other
than above (if any)</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 329.4pt;" width="439">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<br /></div>
</td>
</tr>
<tr style="mso-yfti-irow: 12;">
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 36.9pt;" width="49">
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: #222222; font-size: 11.0pt;">12</span></u></b></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 166.5pt;" width="222">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;">
<span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";">Details
of the one or more person(s) resident in India and authorized to accept on
behalf of the foreign company service of process and any notices or other
documents required to be served on the foreign company</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 329.4pt;" width="439">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<br /></div>
</td>
</tr>
<tr style="mso-yfti-irow: 13;">
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 36.9pt;" width="49">
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: #222222; font-size: 11.0pt;">13</span></u></b></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 166.5pt;" width="222">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;">
<span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";">Details
of the permission obtained from any Authority (along with copy of approval
letter)</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 329.4pt;" width="439">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<br /></div>
</td>
</tr>
<tr style="mso-yfti-irow: 14;">
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 36.9pt;" width="49">
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: #222222; font-size: 11.0pt;">14</span></u></b></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 166.5pt;" width="222">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;">
<span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";">Whether
the parent company is in operation at the time of making this application</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 329.4pt;" width="439">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #222222; font-size: 11.0pt;">Yes<span style="mso-spacerun: yes;"> </span>or<span style="mso-spacerun: yes;"> </span>No</span></b></div>
</td>
</tr>
<tr style="mso-yfti-irow: 15;">
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 36.9pt;" width="49">
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: #222222; font-size: 11.0pt;">15</span></u></b></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 166.5pt;" width="222">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;">
<span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";">Whether
there is any winding up proceedings is pending against the parent company</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 329.4pt;" width="439">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #222222; font-size: 11.0pt;">Yes<span style="mso-spacerun: yes;"> </span>or<span style="mso-spacerun: yes;"> </span>No</span></b></div>
</td>
</tr>
<tr style="mso-yfti-irow: 16;">
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 36.9pt;" width="49">
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: #222222; font-size: 11.0pt;">16</span></u></b></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 166.5pt;" width="222">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;">
<span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";">Details
of subsidiary, holding or associate companies in India of the foreign company
or of any subsidiary</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;">
<span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";">or
holding company of such foreign company or of any firm in India in which such
foreign company or its</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;">
<span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";">holding
or subsidiary company is a partner</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 329.4pt;" width="439">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<br /></div>
</td>
</tr>
<tr style="mso-yfti-irow: 17;">
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 36.9pt;" width="49">
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: #222222; font-size: 11.0pt;">17</span></u></b></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 166.5pt;" width="222">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;">
<span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";">Details
of the persons, firms or companies in India which shall be deemed to be the
`related party', within the meaning of clause 76 of section 2 of the Act, of
the foreign company or of any subsidiary or holding company of such foreign
company or of any firm in which such foreign company or its subsidiary or
holding company is a partner</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 329.4pt;" width="439">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<br /></div>
</td>
</tr>
<tr style="mso-yfti-irow: 18; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 36.9pt;" width="49">
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<b style="mso-bidi-font-weight: normal;"><u><span style="color: #222222; font-size: 11.0pt;">18</span></u></b></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 166.5pt;" width="222">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;">
<span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";">Whether
the company is falling under section 379* of the Companies Act, 2013</span><span style="font-family: "Times New Roman","serif";"></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 329.4pt;" width="439">
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<span style="font-size: 11.0pt;">Yes
<span style="mso-spacerun: yes;"> </span>No<b style="mso-bidi-font-weight: normal;"><span style="color: #222222;"></span></b></span></div>
</td>
</tr>
</tbody></table>
<div align="center" style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: center; vertical-align: baseline;">
<br /></div>
<div style="line-height: 15.0pt; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify; vertical-align: baseline;">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif";">Notes</span></b></div>
<ul style="text-align: left;">
<li><span style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"></span></span></span><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif";">Section
379.</span></b><span style="font-family: "Times New Roman","serif";"> </span><span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";">Where
not less than fifty per cent. of the paid-up share capital, whether equity or
preference or partly equity and partly preference, of a foreign company is held
by one or more citizens of India or by one or more companies or bodies
corporate incorporated in India, or by one or more citizens of India and one or
more companies or bodies corporate incorporated in India, whether singly or in the
aggregate, such company shall comply with the provisions of this Chapter and
such other provisions of this Act as may be prescribed with regard to the
business carried on by it in India as if it were a company incorporated in
India.</span></li>
</ul>
<br />
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif";">Attachments</span></b></div>
<ul style="text-align: left;">
<li><span style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"></span></span></span><span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";">Certified copy of the charter,
statutes, or memorandum and articles of the company or other instrument
constituting or defining the constitution of the company; (duly certified by
the directors of the company)</span></li>
</ul>
<br />
<ul style="text-align: left;">
<li><span style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"></span></span></span><span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";">L ist of directors and secretary of
the foreign company; authorized representative(s);</span></li>
</ul>
<br />
<ul style="text-align: left;">
<li><span style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"></span></span></span><span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";">Power of attorney or board
resolution in favor of the</span></li>
</ul>
<br />
<ul style="text-align: left;">
<li><span style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"></span></span></span><span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";">Reserve bank of India approval
letter</span></li>
</ul>
<ul style="text-align: left;">
<li><span style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";">Optional
attachment(s), (if any)</span></li>
</ul>
<div style="text-align: justify;">
Know More about information: <a href="http://carajput.com/services-transfer-pricing.aspx"><b>Transfer Pricing</b></a> and <strong><a href="http://carajput.com/services-secretarial-Retainrship.aspx">Company Incorporation</a></strong></div>
<div style="text-align: justify;">
<em>Hope the information will assist you in your Professional endeavors. For query or help, contact: </em><a href="mailto:info@carajput.com"><em>info@carajput.com</em></a><em> or call at </em><strong><em>011-43520194</em></strong></div>
<br />
</div>
Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com0tag:blogger.com,1999:blog-7267470089086203947.post-75648729195365134352014-09-11T01:56:00.002-07:002014-09-11T01:56:47.312-07:00DIRECT TAX: PROFESSIONAL UPDATES FOR THE 4th WEEK OF AUGUST 2014, BY RAJPUT JAIN & ASSOCIATES TEAM<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
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<li class="MsoNormal" style="color: #000066; line-height: 150%; margin-bottom: 0in;"><span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">E-file Wealth Tax Returns with digital signature for
those assesses who are liable to get accounts audited under section 44AB
from assessment year 2014-2015. In other cases Individuals/HUF can file
also file returns manually for the assessment year 2014-2015, if no Tax
Audit [IT Notification No. 32/2014 dated 23-06-2014].</span></li>
<li class="MsoNormal" style="color: #000066; line-height: 150%; margin-bottom: 0in;"><span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Revised TDS returns to be accepted without original
provisional receipts w.e.f. 01.06.2014 [Circular No:
NSDL/TIN/2014/024].</span><span style="color: #000066; font-family: Wingdings; font-size: 11.5pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li class="MsoNormal" style="color: #000066; line-height: 150%; margin-bottom: 0in;"><span style="color: #000066; font-family: Wingdings; font-size: 11.5pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">The provisions of
section 269SS of the Income Tax Act does not gets attracted where the amount is
transferred to a loan account in the form of book entry [CIT vs. Worldwide
Township Projects Ltd., High Court of Delhi]</span><span style="color: #000066; font-family: Wingdings; font-size: 11.5pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
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dated 04th July, 2014: One mobile number or email ID can now be used
for 10 Income Tax Accounts.</span><span style="color: #000066; font-family: Wingdings; font-size: 11.5pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
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assessee being individual or HUF is liable to audit u/s 44 AB are required to
furnish FORM BB (Return of Net Wealth) electronically under digital signature
for assessment year 2014-15 and onwards [Notification No. 32/2014 dated
23/06/2014]</span><span style="color: #000066; font-family: Wingdings; font-size: 11.5pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li class="MsoNormal" style="color: #000066; line-height: 150%; margin-bottom: 0in;"><span style="color: #000066; font-family: Wingdings; font-size: 11.5pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">ITAT : Penalty on
'wrong' but 'bonafide' claim not maintainable; Sec. 271(1)(c) penalty
quashed Suzuki Motorcycle India Ltd. [TS-375-ITAT-2014(DEL)]</span><span style="color: #000066; font-family: Wingdings; font-size: 11.5pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li class="MsoNormal" style="color: #000066; line-height: 150%; margin-bottom: 0in;"><span style="color: #000066; font-family: Wingdings; font-size: 11.5pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">ITAT: Grants Sec 244A
interest on self-assessment tax paid pre return filing P.N. Writer &
Co. Pvt. Ltd.</span><span style="color: #000066; font-family: Wingdings; font-size: 11.5pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li class="MsoNormal" style="color: #000066; line-height: 150%; margin-bottom: 0in;"><span style="color: #000066; font-family: Wingdings; font-size: 11.5pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">ITAT: Genuine business
loss set-off allowed against 'Sec 69 addition' despite no ROI
claim (Jignesh V. Sheta)</span><span style="color: #000066; font-family: Wingdings; font-size: 11.5pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"></span></span></li>
<li class="MsoNormal" style="color: #000066; line-height: 150%; margin-bottom: 0in;"><span style="color: #000066; font-family: Wingdings; font-size: 11.5pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"></span></span></span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Income tax - Whether
provisions of Sec 153C allow the AO to invoke it casually and need not record
any satisfaction - NO: Bombay HC (Mumbai, June 24)</span><span style="color: #000066; font-family: Wingdings; font-size: 11.5pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li class="MsoNormal" style="color: #000066; line-height: 150%; margin-bottom: 0in;"><span style="color: #000066; font-family: Wingdings; font-size: 11.5pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Important announcement
for Tax payers for updating contact details in e-Filing Portal.</span> </li>
<li class="MsoNormal" style="color: #000066; line-height: 150%; margin-bottom: 0in;">O<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">ne mobile number or email ID can be used for a maximum of 4
user accounts as the Primary Contact- Mobile<span style="mso-bidi-font-weight: bold;"> Number and Email ID in e-Filing.</span></span> </li>
<li class="MsoNormal" style="color: #000066; line-height: 150%; margin-bottom: 0in;">I<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 150%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">TAT: Immovable property for Sec 194LA
TDS includes 'structure', not merely 'land' (Greater Hyderabad Municipal
Corporation)</span><span style="color: #000066; font-family: Wingdings; font-size: 11.5pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li class="MsoNormal" style="color: #000066; line-height: 150%; margin-bottom: 0in;"><span style="color: #000066; font-family: Wingdings; font-size: 11.5pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">ITD relaxes
requirement of 1 mobile number and e-mail ID for maximum 10 assesses in PAN
login instead of 4. Give CA mobile and e-mail in secondary contact.</span><span style="color: #000066; font-family: Wingdings; font-size: 11.5pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li class="MsoNormal" style="color: #000066; line-height: 150%; margin-bottom: 0in;"><span style="color: #000066; font-family: Wingdings; font-size: 11.5pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Disallowance u/s.
40(a) (ia) of the Income Tax Act applies only to amounts payable as
of 31st March [Supreme Court In CIT vs. Vector Shipping
Services(P) Ltd].</span><span style="color: #000066; font-family: Wingdings; font-size: 11.5pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li class="MsoNormal" style="color: #000066; line-height: 150%; margin-bottom: 0in;"><span style="color: #000066; font-family: Wingdings; font-size: 11.5pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Today (07-07-2014) is
last day for deposit TDS/TCS. Do not deduct TDS on ST portion of bill.</span><span style="color: #000066; font-family: Wingdings; font-size: 11.5pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li class="MsoNormal" style="color: #000066; line-height: 150%; margin-bottom: 0in;"><span style="color: #000066; font-family: Wingdings; font-size: 11.5pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">HC: Charitable
society's Sec 10(23C) exemption rejection can't result in 'Sec 12A
registration' cancellation (Sisters Of Our Lady Of Providence Education
Society) </span><span style="color: #000066; font-family: Wingdings; font-size: 11.5pt; line-height: 150%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span></li>
<li class="MsoNormal" style="color: #000066; line-height: 150%; margin-bottom: 0in;"><span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">SC : Dismisses Revenue
SLP; "Bonafide" mistake due to law change can't attract Sec.
271(1)(c) penalty ChittorgarhKendriyaSahakari Bank Limited
[TS-409-SC-2014]</span> </li>
<li class="MsoNormal" style="color: #000066; line-height: 150%; margin-bottom: 0in;">I<span style="color: #000066; font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">n case of a company, please state that whether the company is
deemed to be carrying on a speculation business as<span style="mso-bidi-font-weight: bold;"> referred in explanation to section 73, if yes, please furnish the
details of speculation loss if any incurred during the previous year.</span></span></li>
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<li class="MsoNormal" style="color: #000066; line-height: 150%;"><span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 150%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">Deduction u/s 10A / 10AA
available to Software/ IT enabled business on transfer of upto 20% of
technical staff to a new SEZ in first year [Circular 12 of 18-07-2014].</span></li>
<li class="MsoNormal" style="color: #000066; line-height: 150%;"><span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 150%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">Today (31-07-2014) is last
date for filing ITR/WTR by salaried and other non-audit cases. E-filing
mandatory for income above 5 lacs. Paper WTR for non-audit cases</span></li>
<li class="MsoNormal" style="color: #000066; line-height: 150%;"><span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 150%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">The existing Form No. 3CA,
Form No. 3CB and Form No. 3CD have been substituted vide notification no.
33/2014 dated 25.07.2014 with immediate effect.</span></li>
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table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-qformat:yes;
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mso-para-margin-top:0in;
mso-para-margin-right:0in;
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mso-para-margin-left:0in;
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font-family:"Calibri","sans-serif";
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mso-ascii-theme-font:minor-latin;
mso-hansi-font-family:Calibri;
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<![endif]--><span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 150%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";">The Globalca Team has
requested to the CBDT for extension of due date i.e. 31.07.2014, for
filing the Income Tax Return by salaried & other non-audit assessees,
as the ITD portal is very slow & people are unable to
e-file their ITRs.</span> </li>
</ul>
<div class="MsoNormal" style="line-height: 150%; margin-bottom: 0in; text-align: justify;">
<span style="color: #000066; font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";">Know more about information</span><span style="color: #000066; font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";">: <a href="http://carajput.com/income-tax-services.aspx"><b>income tax consultants</b></a> and <a href="http://carajput.com/services-company-registration.aspx"><b>start company in India</b></a> </span><b><u><span style="color: #000066; font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";"></span></u></b></div>
<div style="text-align: justify;">
<i>Hope the information will assist you in your Professional endeavors. For query or help, contact: </i><a href="mailto:info@carajput.com"><i>info@carajput.com</i></a><i> or call at </i><b><i>011-43520194</i></b></div>
</div>
Ca Rajputhttp://www.blogger.com/profile/08520523568352700573noreply@blogger.com0