Signup


Signup


Signup

CA Akash Agarwal  

CA in Practice
7Year 1Month  experience

I am a Chartered accountant practising in Kolkata providing services as listed below.

100% (2 votes)     Membership Verified    
   
 
No more records

Address

18, Rabindra Sarani, Poddar Court
Kolkata, West Bengal, India
Pin code - 700001

Availability

Mo,Tu,We,Th,Fr,Sa

10:30 am - 7:00 pm

Services

✔ Business Incorporation✔ Accounting/ Book keeping
✔ Company Auditing✔ Compliances
✔ Financial Consulting and MIS✔ Direct Taxation
✔ Indirect Taxation

Industry Experience
✔ Infrastructure✔ Insurance
✔ IT & ITeS✔ Manufacturing
✔ Media and Entertainment✔ Real Estate
✔ Textiles
Education
    B.com (Hons),CA
Associated with (Firm / Company Name)
    Chhapolika & Associates
Awards and Recognitions

V

Vijay Nirmal

1 a year ago

My father was establish Pvt Ltd firm in 1984 ,stop work in1996 due to financial problem,bill amount pending about 6cr.(prin+int) rupees counter claim against wrd Maharashtra there two claim ,one arbitration award given only 26 lakhs,put matter in court in 2010 another claim about 1.5 Cr rupees matter put in arbitration, and also want put matter of pwd Maharashtra in arbitration but my father was death so I can not managed such big thinks so I want person who buy firm by retire other partner.so the firm 2 partner one is sleeping partner so please advice me

CA Akash Agarwal     12 Feb 2018

Please re frame your question, Not able to understand !

T&C apply

S

Sagar Mishra

1 a year ago

Upon granting a NRI friend a loan what is the highest rate of interest permissible to be charged?

CA Akash Agarwal     12 Feb 2018

Already answered in the question below

T&C apply

S

Sagar Mishra

1 a year ago

I have been learning about Binary Options for quite some time now. I trade on a demo account. In India Binary Options are unregulated, so their legality is questionable, not saying that they are illegal. I want to trade on a real account in a legal way. A lawyer suggested to loan some money to a NRI friend (there Binary Options are legal), which he will transfer to binary options. My query is what is the highest rate of interest that can we can charge while granting loan to a NRI friend. Please provide all details. Is there any other way we can go about Binary options in a legal way?

CA Akash Agarwal     12 Feb 2018

There is no such law which talks about highest rate of interest for loan

T&C apply

A

Amul

1 a year ago

My Company Registration is under process and it will take 15 days more. We want to launch e-commerce site immediately. I would like to know that, can I launch my site now and update the company holding details of website later ?

CA Chandan Shanbhogue     9 Feb 2018

Company registration can be completed in 1 day under ease of doing business. Therefore it is suggested to launch after incorporation. There are different rules for private companies and public companies and it is not clearer which company you would be incorporating.

Amul     10 Feb 2018

tht 1 day registration is just a joomla i hv already applied 7 days before aur still aiting for approval of name. if i launch my site today and later on i will include my site business under same company. how far it cn be ok. In any case i dont want to miss this date of launch.

CA Akash Agarwal     12 Feb 2018

Assuming if it is only launch and no commercial transaction involved you can do it, but doing commercial transactions on that website without an incorporated company is not advisable.

T&C apply

A

Arbind Jha

1 a year ago

What is procedure to get a trade licenece online in kolkata. is it possible to get a trade license at a location other than registered location

CA Akash Agarwal     12 Feb 2018

You can visit website: www.kmcgov.in to understand about online trade license.
You can apply for trade license only for registered locations.

T&C apply

B

Bk Deshmukh

1 a year ago

Greetings !!
We are coming up with a new company .. One of the cofounder wants shares which cannot be reduced .. eg he will be allocated 5% shares .. he does not want the percentage to be reduced if there is a venture investment in the compnay or the company goes for IPO .. is that possible and if yes how that can be done ??

CA Akash Agarwal     10 Oct 2017

If you give the co-founder 5% whatever you are giving to others will be from the balance 95% how is his share going to be reduced ?
Please try to reframe the question and take an example so that i can understand better !

BK Deshmukh    11 Oct 2017

Thanks for the reply .. His concern is that if there a venture investment then his share percentage will be reduced .. He cited flipkarts example where both the founders were 50% partners but now are around 7% partners ... rest is with the venture capitalists and employees etc ... he wants a caluse in his appointment letter for the same ... as such we want to know if it can be done and how ??

CA Akash Agarwal     11 Oct 2017

You have to put this in the appointment letter that in no case the share dilution will happen for him, So for eg: He has been given 5% stake, In furture whenever the stake dilution happens you have to make sure you dilute from the balance 95% and keep his 5% intact.

There is no law governing this principle, it is agreement between co-founders that for one of them the shares will not be diluted, Thats it !

CA Akash Agarwal     11 Oct 2017

To make it more clear, when there is a venture investment the co founders decide whose stake will be diluted and in what percentage

BK Deshmukh    11 Oct 2017

Thanx .. I think it would be fair enough if we put it up as ... allocated 5% non diluting shares " ..

BK Deshmukh    11 Oct 2017

Are you from Mumbai ??

CA Yash Jain     4 Nov 2017

to analyse your problem in more simple way,
Let's say there are 100 shares out of which 5 shares are given to the co-founder, now when ever venture investment happens, offer them out of remaining 95. in that way neither his share will get reduced and you can offer plenty for venture investor.
I hope it was clarified

T&C apply

A

Alvin Lobo

1 a year ago

Hello.

I have taken some loan from my brother who is a NRE and holding a NRE account.
I need some help in understanding
* How can I pay back my brother so that he is not taxed for the money received by me since I will be paying in INR.
* Now from what I understand I cannot pay back INR into a NRE account directly and that I can only deposit into a NRO account. Is this right ?
* is there any kind of declaration needed to be done to show this transaction is a payback and therefore should not be taxed

Really appreciate the help here

CA Akash Agarwal     7 Oct 2017

1) You can payback the amount to his NRO account in INR.
2) Yes you can deposit only to an NRO account.
3) A declaration from Chartered Accountant declaring that all taxes on the funds have been paid by your brother is required to be submitted to bank if he wants to repatriate (that is transfer to a bank account outside India), Only then the banker will permit repatriation.

T&C apply

S

Sud M

1 a year ago

Can an NRI maintain an regular savings account while having NRO/NRE account in another bank?

CA Akash Agarwal     7 Oct 2017

No, If you are an NRI you cannot maintain a regular savings account in India irrrespective of you holding an NRO A/c in any other bank. If you already hold a savings account, you have to get that account converted to a NRO account as soon as you beome an NRI.

T&C apply

D

Deepu Lg

1 a year ago

E: lgdeepu007@gmail.com
Sir, my mother has brought a vacant land in Bangalore in 1995. All most 22 years land. Now we are trying to sell the land for Rs. 30,00,000/- to one of the purchaser. My mother age is approx 55 - 60 years. Please inform whether we need to pay income tax. if my mother divides the property amount to my sisters whether even we need to pay tax. tax. Also please inform how to exempt tax. We are very poor and trying to sell land for marriage of my 2 siblings. if we divide / gift the amount for them the income tax is applicable / exempted. Please inform.

CA Akash Agarwal     6 Sep 2017

Hi, It will attract Long term capital gain tax, It does not makes any differenece if you divide the property or transfer amount to family members.

T&C apply

T

Test Channel

1 a year ago

I conduct private tutions. I do not sell any goods or service online. But I collect tution fees online through INSTAMOJO, as I do not want to disclose my bank details to every client. Do I need to pay GST on this amount collected? Or Is it suffice to pay income tax?

CA Akash Agarwal     24 Aug 2017

Fees paid to schools and colleges are exempt from GST however fees paid to coaching insttitutes or private tutions are chargeable to GST.
If your total tution fees in an year is more than 20 Lakhs you will have to charge and collect GSt and pay it.
Income tax and GST are different taxes with no relation to each other.

T&C apply
 
more
No more records
Resume has not uploaded!