I make the following remittances during the year : 1) I make an expenditure of $2 lacs for foreign travel on 15th June 2021 and expenditure of $ 1.5 lacs for medical expenses on 15th December 2021. 2) I make an expenditure ...
SSEI QForum Latest Questions
The board of director of quality forging Limited having paid up share capital of rupees 80 lakh appointed Ram Marketing Private Limited as a sole selling agent for for period of 5 year with effect from 1st January 2014 the ...
What is the difference between the word payment and remittance in FEMA
In light of the recent amendment of Schedule V read with Section 197 for directorial remuneration in case of loss or inadequate capital where the remuneration is calculated basis the effective capital. How will we treat the remuneration of a ...
Can we say that For a person other than Individual, all CUAT are freely allowed otherwise than following- A) Schedule 1-Prohibited B) Schedule 2- Allowed with the prior approval of CG 3) Schedule 3- Limits applicable for txns. (4 transactions) for person other than ...
U/s 218 ” Protection of Employees During Investigation” the co. have to file an application to Tribunal before taking any action. Any objection by the Tribunal can be appealed against by the co. but can employee aggrieved by any order ...
Suppose a company declares dividend. It has adequate reserves and surplus,but it does not have any cash to distribute the dividend. It is considering to take loan/ICD from sister company just to make the payment of dividend declared. Is the ...
Is there a difference between Person of Indian origin (PIOI) and Overseas Citizen of India (OCI)? Or are these used interchangeably? If there is a difference, how do we identify them?
Normally Appeal to High Court is filed only on Question of Law (basis what we studied in Income tax act). However under PMLA Act Sec 42 which talks about filing an appeal to HC does not mentions whether it should ...
Whether provisions of code of criminal procedure,1973 apply to Special Courts formed under PMLA act? Sec 44 and Sec 46 of the act mentions about the same but aren’t they conflicting?