Sebi offers a way over FPI tax rule hurdle
You can add further comments to your query by clicking on "Add Comment".
This link will appear only, if you are logged-in with your user id and password. The same will appear as
"Querist Comment" on the Forum.
Click here to Post your Query >>Top 50 most answered questions
| Que. Id | Date | Description |
|---|---|---|
| 11181 |
Sep. 30 2009 |
Sales tax on sale of DEPB –
(VAT/Sales Tax)
How DEPB shall be construed as goods for levy of Sales tax? Also, case of tra state transaction can the er take the vat credit of the sales tax paid on purchase of DEPB licence both where the licence is utilise for the purchase of raw rial capital goods, spares or any other item if permissible to import. ' BY: Prity Jajoo Total Answers : 32 | View Answers | Post Answers |
| 13044 |
Aug. 07 2011 |
SCHEME OF CORPORATE MINISTRY FOR SETTLEMENT –
(CORPORATE & OTHER LAWS)
I CAME TO KNOW ABOUT THE RECENTLY DECLARED SCHEME OF CORPORATE MINISTRY ABOUT 75 RELIEF IN ROC E FILING FEES. WHETHER I AM CORRECT OR NOT. PLEASE LET ME KNOW ON pgtca@yahoo.co.in BY: CA. THAKKAR PRADIPKUMAR GHANSH Total Answers : 26 | View Answers | Post Answers |
| 12908 |
Jun. 20 2011 |
section 285 –
(DIRECT TAXES)
My query on section 285 is as under: 1. Section 285 uses the term ‘financial year’, does it mean accounting year of Liaison Office or a year starting from 1st April. 2. Do we need to report for the accountingfinancial year closing on or after 30042011 or 30042012? 3. Suppose LO accounts close on 30th June every year. Do we need to report us 285 for accounting year 30.05.2011 or 30.05.2012? 4. Whether CBDT has notified any form andor the relevant rules us 285 I T Act. BY: CA. PARVEEN GAMBHIR Total Answers : 25 | View Answers | Post Answers |
| 13013 |
Jul. 26 2011 |
Articleship Employment –
(MISC.)
A student who has leave credit (180 days leave permitted during the tenure of articleship and has availed only 90 days so far) and his principal has no issue of him availing the leave credit of 90 days for rest of articleship period and complete the articleship. The student has already served the mandatory service period. - can the student take up any employment - full timepart time at that stage(availed leave credit period)? - is there any restriction even in that leave credit period he must not get into any employment? BY: Ganesh Ragavan Total Answers : 24 | View Answers | Post Answers |
| 10913 |
Aug. 12 2009 |
Membership of MCHI –
(INDIRECT TAXES)
With reference to above we want to clear one query regardg the relief that is beg cimed by the members of MCHI of VAT chargeable on sale of ft. The query is as follows:- Example:- Mr. A is the promoter major shareholder of a group of companies say ABC Group. A holdg company say XYZ Co of the group has constructed the fts after 20th June 2006. Mr. A, one of the major shareholder of the Ms XYZ Co is member of MCHI. The ABC Group has various projects constructed under the name of different group companies. mostly all the companies Mr. A is the major shareholder of the companies. So is it necessary that Mr. A beg member of MCHI for Ms XYZ Co, should be a separate member of MCHI for each and every company where he is a major shareholder. OR If membership of MCHI general is taken for Mr. A, as the promoter and major shareholder of ABC Group, then whether such membership is valid can it suffix the objective for cimg relief on VAT for sale on fts as per the terim relief by Hon’ble High Court. ' BY: Hitesh Khona Total Answers : 23 | View Answers | Post Answers |
| 7109 |
Jul. 13 2007 |
Cenvat Credit –
(Service Tax)
Company is Automobile dealer providg taxable services under ASS & BAS.Whether company can avail cenvat credit more then 20% of service tax payable out of tax paid on put service.Department has opion that only 20 % of srvice tax payable can be taken as credit. What are ways to avail credit more then 20 %. How first option under rule 6(2) can help ? ' BY: Jeevan Jagetiya Total Answers : 23 | View Answers | Post Answers |
| 2237 |
Mar. 31 2006 |
Service tax Credit –
(DIRECT TAXES)
Dear members My client registered himself on 22,11,2005. He has a liability of Rs 20000 say. He has a bill which is dated 20,10,2005 which he has service tax creditof Rs 4000. can he cim this even if the date of document is before date of registration? Also case of telephones mobiles is it compulsory that the registration address should be same as registration address under service tax? pls throw some light:) regards raghu ' BY: raghu Total Answers : 22 | View Answers | Post Answers |
| 13043 |
Aug. 07 2011 |
TURNOVER US 44AB –
(DIRECT TAXES)
RCAS ONE OF MY CLIENT IS DEALING IN MOBILE PHONE, SIM CARD TALK TIME ETC. TALK TIME IS GENERALY GIVEN IN THE SHAPE OF FLEXI CALLED ENTRY. WHETHER SALE OF TALK TIME AND SIM CARD WILL ALSO BE CLUBBED IN TURNOVER US 44AB44AD. AND ONE MORE PERSON WHO ARE ENGAGED IN AGENCY BUSINESS LIKE LIC PEARLS ETC COMMISSION EARNED FROM THE SAME IS TREATED AS BUSINESS INCOME. WHETHER THEY CAN FILE RETUN US 44AD AND WHAT BE THE AMOUNT OF TURNOVER FOR THE SAME. SAME PERSON WHO ARE RUNNING COACHING CENTRE ETC CAN THEY ALSO FILE RETUN US 44AD THANX BY: CA. NAVNEET K. GARG Total Answers : 22 | View Answers | Post Answers |
| 13196 |
Sep. 25 2011 |
TDS on trust income –
(DIRECT TAXES)
A religious trust has not got PAN and is having some interest income on which bank is deducting 20 TDS.Now the trust wants to obtain PAN .Whether refund can be claimed by obtaining bank certificate and filing of return BY: Mahesh Kumar Total Answers : 22 | View Answers | Post Answers |
| 13228 |
Oct. 08 2011 |
MINIMUM SCALE OF FEE FOR METRO CITIES FOR OTHERS –
(COUNCIL DECISION)
RESPECTED SIR, I AM VERY THANKFUL FOR OUR INSTITUTE REGARDING FEE STRUCTURE FRAMED. I WANT TO KNOW THAT IF FEE IS CHARGED BELOW FROM THE FEE STRUCTURES FRAMED BY THE INSTITUTE WILL ATTRACT CODE OF CONDUCT BECAUSE CLIENTS ARE SAYING THAT WE ARE UNABLE TO PAY YOUR CHARGES AS PER YOUR INSTITUTE .WHAT SHOULD I DO ? MY SUGGESTION IS REGARDING TAX AUDIT FEE , IT SHOULD BE INCORPORATED IN FORM No. 3CD KINDLY GUIDE ME . LAXMI PRASAD SAHU HIG - 43 M.P. NAGAR KORBA (CG) PH - 9826136798 BY: LAXMI PRASAD SAHU Total Answers : 22 | View Answers | Post Answers |
| 11780 |
Mar. 04 2010 |
services tax on construction services –
(Service Tax)
t amendment services tax on construction services will attract service tax on rential ft which is under construction and more then 80 payment already done by er ? If yes then on which amount tax will be charged : a) on 100 payment b) r of payment from 01.04.10 onwards ' BY: ASHISH SHRINGI Total Answers : 22 | View Answers | Post Answers |
| 13643 |
Feb. 21 2012 |
validity of agreement –
(MISC.)
My client formed and registered LLP on July 16, 2011 with 2 designated partners and 2 other. Each of them subscribed to proposed capital of Rs. 50.00 each. Total proposed contribution of capital to LLP is 2.00cr. However, no agreement was written on stamp papers. Now, on current months stamp paper, agreement is going to be drafted with recital that LLP was formed and registered in July 2011. Effective date is 16th July 2011. Further, in this so called agreement, capital contribution is drafted to be rs. 5,00,000- as initial contribution and balance will be brought in as and when necessitates. Whether it is possible (a) to draft agreement on current date stamp paper, giving effect to past dated formation and registration, (b) what should be basis for stamp paper, i.e. Rs. 2.00 cr to Rs.5.00 lacs being initial contribution and (c) to start business with lesser capital contribution as compared to that mentioned in registration document filed with ROC BY: ketan Total Answers : 21 | View Answers | Post Answers |
| 7164 |
Jul. 17 2007 |
FBT on tour –
(DIRECT TAXES)
what ll be the %ge value case of local conveyance o,s the city.Suppose a delhi based employee who goes to Mumbai n he curs some local conveyance at Mumbai bes to and fro ticket tra exp.No doubt ticket exp ll be valued at 5%. but local convayance at Mumbai ll be valued at 20% or 5%.Also what ll be value for lodgg & foodg exp. at Mumbai. ' BY: devendra kumar Total Answers : 20 | View Answers | Post Answers |
| 11191 |
Oct. 02 2009 |
TAX AUDIT US 44AB REQUIREMENT IN CASE OF SHARES TRADING –
(DIRECT TAXES)
MR. AKSHAY WORKG WITH GOVERNMENT DEPARTMENT I.E. SARIED PERSON, ALSO DOG SHARES TRADG DELIVERY, TRADAY, FUTURE OPTIONS AND CROSSES SHARES TRADG TRANSACTIONS SALES AND PURCHASES CROSSES RS. 40 CS WHETHER HE LIABLE TO GET AUDITED BOOKS OF ACCOUNTS US 44 AB. ' BY: CA. RACHHA CHANDRAKANT SUDARSH Total Answers : 20 | View Answers | Post Answers |
| 13279 |
Nov. 04 2011 |
CLASSIFICATION –
(INDIRECT TAXES)
Is Sponge Iron Plant an excisable commodity having CETA Classification. If Not, can we claim credit on kiln and other goods forming part of plant and classifiable under chapter 73 of CETA BY: BAGRECHA & SINGHVI Total Answers : 20 | View Answers | Post Answers |
| 12321 |
Dec. 18 2010 |
PDCAI Knowledge Portal not Recieved –
(MISC.)
We have not recieved on daily basis PDCAI Knowledge portal through mail since long.My email.id is sarveshkumarbajpai@gmail.com. BY: SARVESH KUMAR BAJPAI Total Answers : 20 | View Answers | Post Answers |
| 13015 |
Jul. 26 2011 |
HOW CAN I KNOW ABOUT FIRM REGISTRATIONS AND COMPANY REGISTRATIONS –
(MISC.)
LIKE INDIVIDUAL FIRM PARTNERSHIP FIRMS COMPANYS CO-OPERATIVE SOCIETS ETC WHICH BOOKS AND SITES I CAN GATHERE INFORMATION BY: Mohan Krishna Total Answers : 20 | View Answers | Post Answers |
| 3646 |
Jul. 25 2006 |
Gross Receipts u/s 44AB –
(DIRECT TAXES)
Sec 44ab say for the tax audit of professionals if the Gross Receipts Exceeds Rs.10 cs. Whether this clude service tax. If the CA havg receipt of Rs 1100000 which cludes service tax of Rs.100. Whether he needs to conduct tax audit. ' BY: Deepak Agarwal Total Answers : 19 | View Answers | Post Answers |
| 12419 |
Jan. 14 2011 |
Return of Wealth –
(DIRECT TAXES)
A resident individual carrying on profession and whose books of account are subject to tax audit is compulsorily required to file his Return of Income and pay income tax electronically.For the Asst. Year 2010-2011 the said individual is also liable for wealth tax on his net wealth. Please advice on - 1)Whether the Return of Wealth is to be filed manually or electronically an which return form is applicable? 2)Whether wealth tax is to be paid manually in the bank or electronically and which challan is applicable? BY: sudeep b. sarwate Total Answers : 19 | View Answers | Post Answers |
| 13235 |
Oct. 13 2011 |
New Sch.VI –
(CORPORATE & OTHER LAWS)
A listed company preparing its Half yearly statements till 30.9.11 has to adopt new sch.VI format or old Sch.VI format? Is there any SEBI guideline for the same? BY: balasubramanian Total Answers : 19 | View Answers | Post Answers |
| 13783 |
Apr. 03 2012 |
Clarificatoin to MCA on proposed company name –
(CORPORATE & OTHER LAWS)
Hi, we got company name approved i.e. “Realty XYZ Pvt. Ltd.” from MCA through Form-1A and proposed company will deal in real estate business. When we submitted the Form-1 for company incorporation, we got following comment from MCA " As per mail received Name is too general, activity cannot be prefix (as per guideline No. 9(iv)).Please clarify. " We have to submit clarification in this regard to MCA. We wanted to understand that how to draft a clarification in this regard, as we want to use this company name only and what is the procedure to submit this clarification reply with MCA? BY: ANKIT KHURANIA Total Answers : 19 | View Answers | Post Answers |
| 13197 |
Sep. 25 2011 |
Adjustment of tax paid –
(TDS/TCS)
If assessee paid TDS under section 194A 194H by single challan by writing only section 194h,then what procedure assessee should follow to correct the challan. BY: MANISH AGARWALLA Total Answers : 19 | View Answers | Post Answers |
| 10734 |
Jul. 19 2009 |
TAX ON BUS SERVICES RPOVIDED ON CONTRACT BASIS –
(Service Tax)
Whether service tax is applicable for the Bus service provided on contract basis - for employees pickup from their Houses to Factory and back to their houses to a Limited company.There are 5 to 6 stops between.The Contract amount received durg the year 2008-09 is Rs. 12.00 ks.The contract entered is clusive all the Taxes. Please crify. ' BY: P.V.VARADARAJU Total Answers : 19 | View Answers | Post Answers |
| 12695 |
Mar. 30 2011 |
relating to Rule 2B of Service tax (Determination Rule) –
(Service Tax)
As per new rule of 2B of Service tax (Determination) : In banking sector Forward Contract which RBI reference rate will be considered at the time of booking of transaction or on the date of settlement of transaction. BY: CA. TAMBI VIKAS Total Answers : 19 | View Answers | Post Answers |
| 13418 |
Dec. 16 2011 |
Input credit –
(VAT/Sales Tax)
A Company is having Textile division as well as a Food division. Whether input VAT available in one division can be utilized by other division in discharging its output Vat? i.e, Is one to one correlation required for availing input VAT? BY: balasubramanian Total Answers : 19 | View Answers | Post Answers |
| 10726 |
Jul. 18 2009 |
MAT CREDIT US 115JAA –
(DIRECT TAXES)
FOR THE PURPOSE OF MAT CREDIT US 115JAA, WHETHER ONLY COME TAX AMOUNT IS ELIGIBLE FOR CREDIT OR COME TAX PLUS SURCHARGE PLUS CESS. ' BY: Surendra Chopra Total Answers : 18 | View Answers | Post Answers |
| 11295 |
Nov. 02 2009 |
STATUS OF NEW DIRECT TAX CODE –
(DIRECT TAXES)
What is the status of New direct tax code ? Whether the bill is pced for Public opion. If so, what is the current status? What is the probability of wng ? Is it likely to be passed or chances of failure is more ? ' BY: KRISHNAKUMAR Total Answers : 18 | View Answers | Post Answers |
| 11375 |
Nov. 18 2009 |
valution by DVO us 142A –
(DIRECT TAXES)
after relyg valuation of DVO ITo want to add the difference our come . how should we counter the case sugg us i) difference of CPWD rates and PWd rates ii)from books of accounts with supportg vouchers iii)as per your suggions ' BY: CA PIYUSH AGARWAL Total Answers : 18 | View Answers | Post Answers |
| 12064 |
Jul. 21 2010 |
Capital Gains taxation –
(DIRECT TAXES)
Dear Colleagues, An Assessee had advanced Rs. 800000 registered a sale deed for undivided share in land from a builder in August 2006. Later on he went on paying the installments towards the construction of flat on said property based on the progress of the project. By the end of July 2009, he had paid a total sum of Rs. 50 Lakhs to the builder. During September 2009, he sold the said property to another prospective buyer for Rs. 1,01,00,000 by entering in to a tripartite agreement mentioning that the builder’s share in the said sale for Rs. 25 Lakhs. In the year 2008-09, he entered in to an agreement with another builder to purchase a flat advanced him Rs. 7.50 Lakhs. He registered the said property in his name for Rs. 47.50 Lakhs in January 2010 by making the full payment. The payment of Rs. 40 lakhs towards the balance amount was paid through a Housing bank loan in January 2010. Now, my questions are as under: 1. The property sold by the assessee in the month of September 2009 should be treated as long term or short term for Capital Gain calculation. What should be the mode of computation of such gains. 2. If I consider the payments up to the date of registration i.e up to August 2006 as PURCHASE COST, can I consider the balance paid after the registration as COST OF IMPROVEMENT take the indexation benefit on the same assuming the gain to be long term. 3. Will he be eligible us 54F – Proportionate exemption, on repayment of Housing loan that he availed in the month of January 2010 to buy another property. If yes, he will repay the amount before the due date of filing the return. BY: Prashanth Karanth Total Answers : 18 | View Answers | Post Answers |
| 11262 |
Oct. 24 2009 |
Tax Audit Limit for Practicing Doctors selling Medicines as well –
(AUDIT)
I would like to know what will be the tax audit limit for doctors who are sellg medices as well. Especially Homeo Ayurvedic Doctors where sometimes over 50 of receipts can be from sale of medices. The medices may have been manufactured by themselves or made on jobwork or may be purchased. Will the limit be Rs.10 L on gross receipts cludg sale of medices or should it be conred seperately as has been given GN for Tax Audit issued by ICAI. Also, let me know if there are any circursnotificationscase ws on the above matter ' BY: Rahul Vora Total Answers : 18 | View Answers | Post Answers |
| 12356 |
Dec. 30 2010 |
Digital Signature Issuing Agent COP –
(OTHER BODIES)
Can a practicing chartered accountant become an Digital Signature issuing agent. BY: Praveen Kumar P Total Answers : 18 | View Answers | Post Answers |
| 13162 |
Sep. 13 2011 |
PROFESSION TAX MAHARASHTRA –
(VAT/Sales Tax)
WHAT ARE THE REQUIREMQNTS FOR REGISTERING FOR PROFESSIONTAX UNDER THE ACT IN MAHARASHTRA? WHAT ARE THE IMPLICTIONS FOR NOT RGISTERING UNDERTHE SAID ACT? BY: KUSHAL HEGDE Total Answers : 18 | View Answers | Post Answers |
| 13314 |
Nov. 15 2011 |
Input Vat eligibility –
(VAT/Sales Tax)
A Company in Tamilnadu purchases raw material within the state. But its finished goods are sold both in TN as well as outside TN. Department wants to disallow a proportionate input VAT based on the value of interstate sale? Is this justified? BY: balasubramanian Total Answers : 18 | View Answers | Post Answers |
| 12190 |
Nov. 02 2010 |
regarding application for lower rate of TDS by NRI –
(DIRECT TAXES)
Q. If NRI wants to make the Application for Lower Rate of TDS or NIL rates of TDS in this case which Application to be made in which Form to the Income Tax Deptt and what are the procedure for to get the lower Rate of TDS or Nil Certificate. Please advice to us. BY: GOPAL KUMAR AGRAWAL Total Answers : 17 | View Answers | Post Answers |
| 13039 |
Aug. 05 2011 |
Treatment of demotest drive vehicle –
(DIRECT TAXES)
Dear All, The brief facts of the case are as under:- Assessee is a private limited company Assessee company is an authorized dealer of a reputed car manufacturer As per policy of manufacturer the dealer has to purchase and pay the price for the demo test drive car The car is insured and registered in the name of the dealer The car is used only for prospective customer demotest drive purpose As per the policy of manufacturer the demotest drive car has to keep by dealer atleast for 2 years After two years dealer can sell the car as used car. In this matter my queries are as under:- 1. Accounting:- Cost of Car should be capitalised or charged to revenue. If capitalsed should be categorised under plant machinery or under Motor car 2. Income Tax If charged to revenue then whether allowable under the IT Act. 3. Service tax If categorised as plant, Whether cenvet credit is available under service tax output category "Authorised service station" or "Business Auxiliarry servcies". 4. Wealth tax If categorised as Motor Car, whether taxable under the wealth tax act, being more than one car. Thanks BY: Mahesh Khandelwal Total Answers : 17 | View Answers | Post Answers |
| 14715 |
Jan. 21 2013 |
SECTION 40A(2)(B) –
(DIRECT TAXES)
XYZ is a charitable Institution registered us 12AA of IT Act. ABC is a partnership firm in which RAM is a partner and having more than 20 of substantial interest in Firm and Ram is also a chairman in XYZ. Whether payment made by ABC to XYZ is covered us 40A(2)(B) of the Act. BY: CA. PAHADIYA PIYUSH Total Answers : 17 | View Answers | Post Answers |
| 10700 |
Jul. 15 2009 |
Clubbing of Rental Income in case of co-owners of one property (Service Tax) –
(INDIRECT TAXES)
Rent received from a property havg 3 co-owners. Rent is paid equally to each co-owner. whether rent received is to be clubbed for the purpose of service tax? For Example: Rent for Prop. Rs. 24 kh P.a Each co-owner share is Rs. 8 kh p.a basic exemption limit for service tax Rs. 10 kh p.a Is service tax applicable on rent received on the buildg? ' BY: CA. SHISHIR T S Total Answers : 17 | View Answers | Post Answers |
| 11291 |
Nov. 01 2009 |
SLP-Excise Matter –
(INDIRECT TAXES)
What is the period of limitation for filg SLP Supreme Court.Is there any recent rulg for extension granted and lyg down precedent by the Supreme Court this regard. ' BY: vijay kumar kalia Total Answers : 17 | View Answers | Post Answers |
| 11494 |
Dec. 16 2009 |
Name approval by ROC –
(CORPORATE & OTHER LAWS)
Dear All, One of my client have website propertyworld.com Now he want to corporate pvt ltd co. I have applied for P W Support Sevice Pvt Ltd and with other 5 preference startg with P W. ROC has rejected it. The name applied appear to be accordg to "Name approval guideles issued by MCA" What remedy is avaible. Where should I appeal, if any. Please answer. CA Ajay Sagare Pune ' BY: Ajay Bhalchandra Salagare Total Answers : 17 | View Answers | Post Answers |
| 10895 |
Aug. 10 2009 |
Audit Limit –
(AUDIT)
Is the upper limit of statutory audit under companies act by a chartered accountant is 30 only or it has been creased ' BY: rkdhandia Total Answers : 17 | View Answers | Post Answers |
| 13426 |
Dec. 20 2011 |
CPE Hours Requirement –
(COUNCIL DECISION)
A fulltime practicing CA discontinued his professional practice recently and surrendered his COP to the Istitute.He neither intends to take up any employment nor professional practice in future.Whether he is exempted from the mandatory CPE credit hours requirement.If YES,then whether this is a general exemption to all such members or every such member has to send a written request to the CPE Committee to grant him special exemption. BY: Sudeep B. Sarwate Total Answers : 17 | View Answers | Post Answers |
| 11349 |
Nov. 12 2009 |
CANCELLATION OF TAN NUMBER –
(TDS/TCS)
Please tell me the procedure for canceltion of TAN Number. ' BY: CA Prem Nath Aggarwal Total Answers : 17 | View Answers | Post Answers |
| 11685 |
Feb. 08 2010 |
Interest on delay deposit –
(TDS/TCS)
Tax us 194C is deducted on 5th December,09.Due date for deposit is 7th January,10. Now due to lk falure e- payment is made on 8th January. For one day dey that also beyond his control, he is liable for ter for two months (From 5.12.09 to 7.1.10)us. 201(1A).Is there any provision for waiver of ter ? ' BY: CA. VERMA JAGDISH PRASAD Total Answers : 17 | View Answers | Post Answers |
| 11760 |
Feb. 27 2010 |
TDS on Bank Commission –
(TDS/TCS)
Whether provisions us. 194H are applicable respct of Commission paid to bank for various facilities like LC, ers credit etc. ' BY: Mehul Total Answers : 17 | View Answers | Post Answers |
| 12274 |
Dec. 07 2010 |
TDS on payment to tata sky –
(TDS/TCS)
pl suggest if TDS is applicable on payment to TATA Sky DTH Service. If yes, whether us 194C or 194J. Regards BY: CA. SANKLECHA GAJENDRA Total Answers : 17 | View Answers | Post Answers |
| 12330 |
Dec. 22 2010 |
tds on uniform expenses –
(TDS/TCS)
payment has been made to a tailor for aqyiring uniforms from him. the tailor provided the cloth, stitched it specified put logo on it. wud that b a contract of work (for 194C purpose) or wud it b a purchasesale of goods. on the bill, the tailor has mentioned as "5200 mtrs @ Rs.100 per mtr, Rs.125 per pc stitching charges Rs.20 per pc for logo." kindly tell. thanx BY: RAJAT BHATIA Total Answers : 17 | View Answers | Post Answers |
| 9335 |
Aug. 22 2008 |
service tax on sub contractor –
(Service Tax)
Dear sir We have a cliet who take contract from ma contractor. Ma contractor paid service tax @ 4.12% on total services (cludg sub contracted). My quion, Is sub-contractor liable to pay service tax or not. If yes than this is double taxation. kdlly post auswer on my email pradeepsja@rediffmail.com thanks CA Pradeep Ja (94250-57806) ' BY: Pradeep Jain Total Answers : 17 | View Answers | Post Answers |
| 13045 |
Aug. 08 2011 |
Rental –
(Service Tax)
Service tax query Rental (commercial) provides that rent is payable for every calendar month on or before 5th of subsequent month. For month of July rent is payable is by 5th August. Assume that one land lord raises invoices on 31st July. In another case Land lord raises invoice on 1st August. With introduction of point of taxation rules is S.T. payable by 5th August or 5th September. C.P.Ethirajan BY: Ethirajan Total Answers : 17 | View Answers | Post Answers |
| 11708 |
Feb. 13 2010 |
Applicability of tax on customised software in Gujarat –
(VAT/Sales Tax)
With ref.to package software as i understand both Gujarat VAT and Service taxExcise is applicable. But so far as customized software is concerned there are different views on the subject. Some say that case of customized software, if bill is prepared for software development charges then it is subject to service tax only and VAT will not apply. Some refer that there is only software entry Gujarat VAT and there can not be any distction between customised and packaged software for applicability of Gujarat VAT.Please clear which taxes should be applied with rialcase w on the subject. ' BY: CA Sandip Shah Total Answers : 17 | View Answers | Post Answers |
| 10896 |
Aug. 10 2009 |
LEGAL OWNERSHIP VIS A VIS INTEREST BENEFIT ON HOUSING LOAN –
(DIRECT TAXES)
Is it necessary to have House property legally owned(sgly or jotly) to derive the benefit of ter on Housg Loan taken for Construction Renovation. If yes, which particur section of come Tax Act guides about it ? Thus, whether property can be fathers(live) name for derivg said benefit for which Loan has been taken for construction renovation. ' BY: CA. KAKKAR JITENDER Total Answers : 16 | View Answers | Post Answers |
