PAN & NRI/CPA Training in India/Trust how to receive funds from abroad?
1. Re: PAN no. & NRI
Posted by: "venkatesa perumallu pasumarthy"
mailto:cavenkatesa@yahoo.co.in?Subject=+Re%3A%20PAN%20no%2E%20from%20IT%20Authorities%20in%20Indiacavenkatesa
Thu Jan 4, 2007 6:08 pm (PST)
hi,Now a days pan is required for many purposes like dmat accounts etc.,Unless a NRI has the taxable income in excess of Rs. 100000/- in India,
no need to file the return even if he has been allotted panregardsvenkatesaIvan Johnson <mailto:ivan_evelyn%40yahoo.com wrote:Hi, What could be the repercussions if the NRI a) takes PAN no. but does not file returnsb) does not take PAN no. nor file returnsWill the IT dept take action agasint the NRI? How can it take action against an NRI while he is outside India?ThanksIvan
2.Re:CPA - USGAAP - Training in India
Dear Sailaja,
For info on CPA in Bangalore visit www.beckercpa.comThanks & RegardsCA. Ashok Poojari
Posted by: "Biju Joseph Jacob"
mailto:bijujosephjacob@yahoo.com?Subject=+Re%3A%20USGAAP%20-%20Trainingbijujosephjacob
Thu Jan 4, 2007 6:08 pm (PST)
Hi I know one person in Cochin who is conducting theCPA,CMA USA training called Vinod,Logic School ofMangament. Mobile no:9895818581. He is very helpfulperson.thank youJacob--- prasanth manjesh <mailto:prasanth_manjesh%40yahoo.comwrote: Hi, did u get any replies? If so pls let me also know. with regards PRashanth sailaja gudla <mailto:sailugudla%40yahoo.co.in wrote: Hi, plz suggest training centres for CPA in Bangalore. Also if there are any for US GAAP & IFRS. Rgds Sailaja
3.TRUST –HOW TO RECEIVE FOREIGN FUNDS?
Posted by: "uma prabakar" mailto:prabakaruma@yahoo.co.in?Subject=+Re%3ATrust-Foreign%20fundingprabakaruma
Fri Jan 5, 2007 4:58 am (PST)
Dear sir,
In my opinion, 1. The Institution hast to register with Income Tax department- trust registration & for (Exemption) to claim exemption U/.s.11.
2. Register as per the Foreign Contribution Regulation Act for accepting donation from abroad with Ministry of Home Affairs, New Delhi.
thanks
prabakarpandidurai.s.
Dear Sri Chandra Sekhar!
Apart from seeking registration with Registrar of socieites/ Sub Registrar ( in respect of a declaration of trust) and the registration u/s 12A of the Income-tax Act, The trust must obtain registration with Ministry of Home Affairs to receive foreign contributions. The trust needs to open a separate account with a scheduled bank, designate it and inform Ministry of Home affairs that the foreign contributions will be received ONLY through this account. You have to receive All Foreign Contributins ONLY through this account only. Before that verify whether the objects of trust are eligible to receive foreign contributions under F.C.Regulation Act.Bye for now!Keep in touch!-
SeshadryFrom: "gonellap" <mailto:gonellap%40yahoo.comReply-To: mailto:taxconsultinggroup%40yahoogroups.comTo: mailto:taxconsultinggroup%40yahoogroups.comSubject: [taxconsultinggroup - TONY.M.P.] Re: Trust-Foreign fundingDate: Wed, 03 Jan 2007 16:27:57 -0000--- In mailto:taxconsultinggroup%40yahoogroups.com, Chandra Sekhar Akula
Posted by: "venkatesa perumallu pasumarthy"
mailto:cavenkatesa@yahoo.co.in?Subject=+Re%3A%20PAN%20no%2E%20from%20IT%20Authorities%20in%20Indiacavenkatesa
Thu Jan 4, 2007 6:08 pm (PST)
hi,Now a days pan is required for many purposes like dmat accounts etc.,Unless a NRI has the taxable income in excess of Rs. 100000/- in India,
no need to file the return even if he has been allotted panregardsvenkatesaIvan Johnson <mailto:ivan_evelyn%40yahoo.com wrote:Hi, What could be the repercussions if the NRI a) takes PAN no. but does not file returnsb) does not take PAN no. nor file returnsWill the IT dept take action agasint the NRI? How can it take action against an NRI while he is outside India?ThanksIvan
2.Re:CPA - USGAAP - Training in India
Dear Sailaja,
For info on CPA in Bangalore visit www.beckercpa.comThanks & RegardsCA. Ashok Poojari
Posted by: "Biju Joseph Jacob"
mailto:bijujosephjacob@yahoo.com?Subject=+Re%3A%20USGAAP%20-%20Trainingbijujosephjacob
Thu Jan 4, 2007 6:08 pm (PST)
Hi I know one person in Cochin who is conducting theCPA,CMA USA training called Vinod,Logic School ofMangament. Mobile no:9895818581. He is very helpfulperson.thank youJacob--- prasanth manjesh <mailto:prasanth_manjesh%40yahoo.comwrote: Hi, did u get any replies? If so pls let me also know. with regards PRashanth sailaja gudla <mailto:sailugudla%40yahoo.co.in wrote: Hi, plz suggest training centres for CPA in Bangalore. Also if there are any for US GAAP & IFRS. Rgds Sailaja
3.TRUST –HOW TO RECEIVE FOREIGN FUNDS?
Posted by: "uma prabakar" mailto:prabakaruma@yahoo.co.in?Subject=+Re%3ATrust-Foreign%20fundingprabakaruma
Fri Jan 5, 2007 4:58 am (PST)
Dear sir,
In my opinion, 1. The Institution hast to register with Income Tax department- trust registration & for (Exemption) to claim exemption U/.s.11.
2. Register as per the Foreign Contribution Regulation Act for accepting donation from abroad with Ministry of Home Affairs, New Delhi.
thanks
prabakarpandidurai.s.
Dear Sri Chandra Sekhar!
Apart from seeking registration with Registrar of socieites/ Sub Registrar ( in respect of a declaration of trust) and the registration u/s 12A of the Income-tax Act, The trust must obtain registration with Ministry of Home Affairs to receive foreign contributions. The trust needs to open a separate account with a scheduled bank, designate it and inform Ministry of Home affairs that the foreign contributions will be received ONLY through this account. You have to receive All Foreign Contributins ONLY through this account only. Before that verify whether the objects of trust are eligible to receive foreign contributions under F.C.Regulation Act.Bye for now!Keep in touch!-
SeshadryFrom: "gonellap" <mailto:gonellap%40yahoo.comReply-To: mailto:taxconsultinggroup%40yahoogroups.comTo: mailto:taxconsultinggroup%40yahoogroups.comSubject: [taxconsultinggroup - TONY.M.P.] Re: Trust-Foreign fundingDate: Wed, 03 Jan 2007 16:27:57 -0000--- In mailto:taxconsultinggroup%40yahoogroups.com, Chandra Sekhar Akula
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