Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5986 unanswered question(s) — Showing 1981–2000
| Que. Id | Date | Description |
|---|---|---|
| 17745 |
Feb. 24 2016 |
OWNERSHIP –
(Income from Other Sources)
Whether gift of immovable property by mother to daughter at the time of settlement or by way of gift requires registration of deed document before the register of property to be the ultimate owner. BY: CA. PARAKH RAJENDRA KUMAR No answers yet View Answers | Post Answers |
| 17746 |
Feb. 24 2016 |
Freight in material bill –
(INDIRECT TAXES)
(A ltd) company is supplying material to our company(BLtd). Material Value is Rs 1 lakh. In addtition to material value they are charging Freight of Rs 80000. They are charging Service tax of Rs 3480 (Rs 80000*30*14.5). Is the supplier’s billing method correct? Can they charge Service tax of Rs 3480 in their bill.? Is it necessary for us (ie B ltd) to pay Service Tax of Rs 3480 under Reverse charge Mechanism Basis? BY: Sivaraman.A.R No answers yet View Answers | Post Answers |
| 17728 |
Feb. 17 2016 |
Two separate methods of calculation of income for two different businesses of a assessee –
(Profits & Gains of Business & Profession)
Assessee has two businesses- 1. Trading Sales less than Rs.1 Crore 2.Commission Agent Can we compute trading income @8 per cent under section 44AD under no accounts case and prepare separate Balance Sheet and Profit Loss Account for Commission income separately and file ITR-4 The Computation of business income will be as follows- Amt.(in Rs.) 8 Profit on trading Sale us 44AD **** Net Profit as per Profit Loss Ac of Commission business **** - Total Business Income **** BY: MONIKA SHARMA No answers yet View Answers | Post Answers |
| 17729 |
Feb. 17 2016 |
COP + Paid assisstant –
(COUNCIL DECISION)
Can a ca holding full time cop become paid assisstant in a firm? BY: Ruchi No answers yet View Answers | Post Answers |
| 17719 |
Feb. 15 2016 |
Startup India Mission (Plan) –
(ECONOMIC NEWS)
Does running a nursing home business will qualify for the startup India Mission Plan. Can the unit avail all tax benefit as provided in startup India Mission Plan BY: pradeep kumar agrawal No answers yet View Answers | Post Answers |
| 17715 |
Feb. 12 2016 |
BANK BRANCH STATUTORY AUDIT –
(AUDIT)
can a ca proprietary get bank audit if he is also a partner in another ca firm BY: MUNISH MARKANDA No answers yet View Answers | Post Answers |
| 17717 |
Feb. 12 2016 |
SERVICE TAX –
(INDIRECT TAXES)
In construction of residential complex service, if we sell any buildinghousevilla and receive consideration after sale agreement then as per service tax law no service tax would be charged provided we sold the building after receipts of completion certificate from competent authority.Is it fall under exempted services?? Kindly guide us whether any service tax is payable on sale of completed villa? Please elaborate in detail? Thanks and Regards BY: Akhilesh Sharma No answers yet View Answers | Post Answers |
| 17708 |
Feb. 05 2016 |
Use of Company's Funds –
(DIRECT TAXES)
A Private Limited Company owns a commercial property which is let out @ ` 400000- per month. The company have only this source of income, the directors wants to use the surplus money after paying Income Tax as director’s remuneration. This huge remuneration have no nexus with the activities of the company but the directors state that they have no option otherwise to use the money. Kindly advice whether the withdrawal is justified. If apart from this method there is any other procedure then kindly narrate it. BY: Poonam Chand Soni No answers yet View Answers | Post Answers |
| 17709 |
Feb. 05 2016 |
SETTING OF INCOME –
(DIRECT TAXES)
A Private Limited Company has earns Income from House Property of Rs.60 Lakhs Income from Business Profession of Rs.5 Lakhs. The directors of the company draws director’s remuneration of Rs.20 Lakhs during the financial year due to this there is a net loss of Rs.15 Lakhs. The Private Limited Company pays income tax on the net income after setting off the loss from Business head with income from House Property. This is regular feature of company’s operation. Is this justified. BY: Poonam Chand Soni No answers yet View Answers | Post Answers |
| 17706 |
Feb. 04 2016 |
Internal Financial Controls –
(Companies Act, 2013)
Is Internal Financial Controls applicable for Sec.8 (earlier sec.25) Companies? Do statutory auditors of Sec.8 companies have to report on ICFR of such companies? CARO is exempt for these companies. BY: balasubramanian No answers yet View Answers | Post Answers |
| 17697 |
Jan. 30 2016 |
WEALTH TAX –
(DIRECT TAXES)
SIR, The jewellery of my client is shown in his wealth tax return but the same is not shown in his personal balance sheet. Now, the client wants convert this jewellery (shown in Wealth tax return) into his business as stock in trade. So, kindly advice on the issue and legal problem if any. BY: dhanindra kumar surana No answers yet View Answers | Post Answers |
| 17683 |
Jan. 19 2016 |
IEC Code login error –
(Customs & Excise)
getting wrong email address and mobile no in login screen while entering PAN no. The mail id and mobile no automatically changed and unable to login. What is the process to resolve the issue BY: Srinivasa Rao P No answers yet View Answers | Post Answers |
| 17680 |
Jan. 18 2016 |
commuted value of pension from NPS exempt u/s 10(10A) –
(DIRECT TAXES)
Does amount received as commuted value of pension from the NPS scheme at the time of retirement by the private sector employee will be exempt us 10(10A)(ii)? BY: Ramesh Parasmal Jain No answers yet View Answers | Post Answers |
| 17670 |
Jan. 09 2016 |
ER-3 RETURN –
(Customs & Excise)
IN CASE OF FILING ER-3 RETRUN, WHERE IS QUANTITY IS SHOWN OF GOODS RETURNED AND ALSO GODS CLEARED (BEING SALE OF GOODS RETURN). WHETHER SAME BE SHOWN SEPARATELY AS NIL DUTY OR CLUBED WITH TOTAL PRODUCTION AND SALE QUANTITY BY: SHYAM SUNDER No answers yet View Answers | Post Answers |
| 17664 |
Jan. 07 2016 |
Whether a company is required to keep their sales bill in printed form or can they keep it in PDF(i. –
(MISC.)
"X", a Private Limited Company has its operations in the state of Gujarat. They have a concept of centralized accounting of all the branches at their head office. Now as their volume of transactions and the no. of branches are increasing day by day they are finding it difficult and cumbersome to maintain their copy of sales bills. The company is suggesting of scraping the policy of Printing 3 copies of sales bill and rather suggesting to print only one copy for the customer and scanning and keeping the same in PDF format. Whether the company can do so or not and whether keeping it as a soft copy violates provisions of any law or statue? Also, during assessment procedures can this scanned copy be provided as a proof of sales? BY: Ramesh Parasmal Jain No answers yet View Answers | Post Answers |
| 17655 |
Jan. 02 2016 |
Tax implication on Land given on development –
(Capital Gains)
Query no 19049, regarding for giving ancestral land By A B to a builder, in 43 ratio sharing. ie 43 to the land owner and 57 to the builder. the agreement commenced on 12.08.12 and end on 16.04.16. The value of 43 share is calculated as 5.00 crore and the same is paid by the builder to the land owner in these 3 and half years in piecemeal. My query is which year will be considered as year of taxability and whether any relief or exemption is available to the land owner BY: pradeep kumar agrawal No answers yet View Answers | Post Answers |
| 17643 |
Dec. 26 2015 |
TAX AUDIT –
(AUDIT)
Sir Reference Query 19026 under Tax auditMisc. the said tax auditor has revised the 3CB and 3CD. and signed the signed under his signatures. Is there any liability of the previous auditor or should still refer the issue to the InstituteIncome Tax.tHIS IS TO MENTION THE WE ARE STILL THE STATUTORY AUDITORS. CHARAN DASS SHARMA BY: Charan Dass Sharma No answers yet View Answers | Post Answers |
| 17644 |
Dec. 26 2015 |
Personal Accident Insurance –
(DIRECT TAXES)
My friend had taken his Personal Accident Insurance from XYZ Ltd. Co., as he died in a car accident the Insurance Co. handed the respective amount to his family, I just want to know whether this would be deductible us 80C or not? If not then what is the actual reason? BY: Ramesh Parasmal Jain No answers yet View Answers | Post Answers |
| 17639 |
Dec. 22 2015 |
TAX ON INTEREST ON COMPENSATION FOR COMP AQUI OF AGRI LAND –
(DIRECT TAXES)
ASSESSEES AGRICULTURE LAND ACQUIRED IN 1997. COMPENSATION FOR COMPULSORY AQUISITION OF LAND PAID IN 2012 ALONG WITH INTEREST FORM 1997 TO 2012. WHETHER THIS INTEREST FOR ABOUT 15 YEARS IS TAXABLE, IF SO TO WHAT EXTENT. BY: navin chander goel No answers yet View Answers | Post Answers |
| 17637 |
Dec. 21 2015 |
REVISE TAR –
(AUDIT)
As per the filed TAR one of the debtors amounting to Rs.11,00,000- was shown as received within 31st March, whereas concern Debtors had shown in their TAR as outstanding as on 31st March. Now whether the same could be revised showing the same as rectification in books BY: SURAJ KUMAR CHOUDHURY No answers yet View Answers | Post Answers |
