Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5986 unanswered question(s) — Showing 2021–2040
| Que. Id | Date | Description |
|---|---|---|
| 17539 |
Oct. 09 2015 |
ANNUAL CLOSING SMALL COS –
(Companies Act, 2013)
ANNUAL CLOSING QUERRIES FOR SMALL PVT LTD COS ONLY WITH AUTH CAPITAL ALMOST 1 LAC • WHETHER FORM ADT-1 IS TO BE FILED FOR RATFICATION OF AUDITORS APPOINTMENT BY SMALL PVT LTD CO. • WHETHER MGT-7 CAN BE SIGNED BY DIRECTOR, IF SO, WHETHER IT IS ACTIVATED ON MCA SITE OR WE SHOULD WAIT FOR ACTIVATION OF THE SAME FOR FILING BY SMALL PVT LTD CO. • WHETHER RESOLUTION FOR APPROVAL OF FINANCIAL STATEMENTS AND BOARD ’S REPORT IS TO BE FILED IN MGT-14 AS PER SECTION 179(3) CLAUSE (g) BY SMALL PVT LTD CO. OR ANY OTHER RESOLUTION IN MGT. BY: navin chander goel No answers yet View Answers | Post Answers |
| 17540 |
Oct. 09 2015 |
service tax on service charges on serving of food in non a/c restaurant –
(Service Tax)
Whether service tax is chargeable on the service charges charged on the food served in a non air conditioned restaurant which is a part of a hotel registered to service tax? BY: SANTOSH JAGANNATH PAI No answers yet View Answers | Post Answers |
| 17536 |
Oct. 07 2015 |
INCOME TAX ON INTEREST ON FIXED DEPOSIT –
(MISC.)
AN APPARTMENT ASSOCIATION IS REGISTERED UNDER SEC.2 OF MAHARASHTRA APARTMENT OWNERSHIP ACT 1970. IT COLLECTS LUMSUM AMOUNT FROM FLAT OWNER AT THE TIME OF PURCHASE OF FLAT. SOCIETY INVEST THE AMOUNT IN FIXED DEPOSIT AND INCURE EXPENSES RELATING TO ASSOCIATION OUT OF INTEREST INCOME. MY QUERRY IS 1. WHETHER WHOLE INTEREST INCOME OR SURPLUS INTEREST IS TAXABLE? IF YES, WHAT STRATEGY TO ADOPT TO AVOID INCOME TAX BY: ATUL MUKUNDLAL TOSHNIWAL No answers yet View Answers | Post Answers |
| 17533 |
Oct. 06 2015 |
80C REPAYMENT OF HOME LOAN DEDUCTION –
(Income From House-Property)
according to 80C , principal repayment made during construction period is allowed for deduction or not. As per income tax act, only post costruction principle repayment is allowed. But i have seen article on differenct views for salaried employee. Here is the link- www.thelogicalbuyerincome-tax-benefit-on-home-loan-section-24-80c-80ee Please check this link and suggest me . BY: CA. S. Saumya No answers yet View Answers | Post Answers |
| 17523 |
Sep. 26 2015 |
MGT 14 –
(Companies Act, 2013)
Is it necessary for a private limited company to file Form MGT 14 for approval of accounts by Board of Directors? BY: somu balasrinivasa murthy No answers yet View Answers | Post Answers |
| 17524 |
Sep. 26 2015 |
Presentation and Disclosure in Audit Report and Balance-sheet –
(AUDIT)
For F.Y. 2014-15, As per Acceptance of Deposit Rules, if any company has opening balance of deposit other than director and relative of director, then it has to repay the same by 31st march 2015. But if company has not repaid the same till now, then how to presennt and disclose this Unsecured Deposit in our Independents Audit Report and Balance-sheet. BY: CA. GARIMA GAGRANI No answers yet View Answers | Post Answers |
| 17511 |
Sep. 14 2015 |
Sec. 44AE –
(DIRECT TAXES)
If an assessee is owing less than 10 goods carriage vehicle during previous year, but his receipt exceeds rs one carore. Would he be liable for Tax – Audit or he can declare his income US 44AE of the Income Tax Act. BY: CA. SHAH DIWAKAR No answers yet View Answers | Post Answers |
| 17506 |
Sep. 08 2015 |
Renting of vehicle to courier service agency whether taxable service –
(Service Tax)
whether renting of commercial vehicle to courier service company (ex Amazone, Fedex etc) and receiving hire charges at contracted rate will be covered under taxable service?. Can we consider the same as covered by negative list 66D(p). Note No consignment note is issued by the vehicle owner and hire charges received exceeds the small scale limit of 10 lacs BY: Suresh Raman No answers yet View Answers | Post Answers |
| 17502 |
Sep. 06 2015 |
TDS on Foreign payment to Odesk.COM/Freelancer via credit card ? –
(TDS/TCS)
We have one client which provides MOOC (Massive Open Online Courses) worldwide, operating from india. To make these courses, they outsource their work to USA in Odesk and other freelancer websites where they make payment to numerous freelancer and instructors via odesk. Odesk is online portal which facilates to freelancer and outsourcer against its commission. Again, entire work which is outsourced is exported outside india. Now, 1. TDS applicable on this payments ?? Can we get exemption on the basis that whatever work they outsource from Foreign are Exported. 2. If applicable, then what rate as Odesk is based on USA and we do not have PAN. Secondly, payment is made to freelancers and not to Odesk. Odesk keeps that money unless work is approved. In this case Tds on commission to Odesk is also applicable?? We do not have PAN of any of Freelancers, then Tds on this payment is liable at what rate? Can we get any benefit under DTAA with USA? BY: Dhaval Mehta No answers yet View Answers | Post Answers |
| 17493 |
Aug. 30 2015 |
DEPRECIATION ACCOUNTING –
(Companies Act, 2013)
As per the New company act 2013, depreciation is to be charged on the basis of useful life of the assets. In case the company is closed and no activities are carried out since last few years and hence no depreciation was charged in these years, can continue the same practice in the present scenario. Else, if depreciation is charged as per the act, the entire networth of the company get eroded as there would be nil Book value of the physical assets. Kindly advise, whether company without any activity or in case of net loss situation, depreciation on assets could be avoided or not. BY: SURAJ KUMAR CHOUDHURY No answers yet View Answers | Post Answers |
| 17479 |
Aug. 22 2015 |
VAT Registration –
(VAT/Sales Tax)
A dealer of odisha state is dealing only in goods which are exempted under odisha VAT Act (ie exempted goods under odisha VAT Act) Whether this dealer of goods is required to take VAT Registration Number under Odisha VAT Act. Dealer turnover is more than 1 Crore. BY: KESHAV GARG No answers yet View Answers | Post Answers |
| 17472 |
Aug. 20 2015 |
Inclusion of Depreciation on Plant & Machinery in product or conversion cost as per AS-2 –
(Companies Act, 2013)
Dear Sir, One of my client being a Pvt Ltd Co engaged in manufacturing activities Also covered under Excise as well as Service Tax.Basically it is manufacturing Copper Alloys Billets. Now So far valuation of Inventories i.e. WIP is concerned as per AS-2 the same has to valued at RM cost plus conversionproduct cost. Here the Productconversion cost means all direct cost incurred relating to manufacturing of Product. Now query is whether Depreciation on Plant Machinery though non-recurring or non cash item that includes major part of Foundry Furnace Machines,Pressing Machines Dies moulds installed located in Factory Shed can be considered as part of Product cost for the purposes of Valuation of WIPSIP Goods or not as per AS-2. Please reply soon. BY: SANJAY BAHETI No answers yet View Answers | Post Answers |
| 17470 |
Aug. 16 2015 |
Can we consider ST paid at 12.36% as paid at 6% for the purpose of Rule 6(3) –
(Service Tax)
If an assessee is claiming an exemption at later stage i.e. after filling of ST - 3 return at the time of department audit, then can we consider the amount paid via GAR 7 at 12.36 as amount paid under Rule 6(3) at 6 while calculating amount payable? Kindly state the legal provision or case law in this regard, if any. Thank You. BY: Nikhil Shendye No answers yet View Answers | Post Answers |
| 17469 |
Aug. 15 2015 |
ALLOWABLE EXPENDITURE OR NOT –
(Profits & Gains of Business & Profession)
Dear sir, I want to know the information of following expenditure whether they are allowable expenditure or not under the head business income. Interest paid on TDS us 200A late filing leavy us 234E. Whether these expenditure are allowable or not. Plz guide me BY: SUHAS ASHOK POTDAR No answers yet View Answers | Post Answers |
| 17467 |
Aug. 13 2015 |
INCOMETAX ON SUPERANNUATION –
(Income From Salary)
S AN ASSESSEE HAS RETIRED FROM HIS JOB BEFORE THE AGE OF RETIREMENT. HE RECEIVES SUPERANNUATION. AND HAS COOMUTED ONE THIRD OF THE PENSION DURING THE YEAR FOR WHICH HE HAS RECD FORM 16 WHERE TAX HAS BEEN DEDUCTED ON THE WHOLE COMMUTED VALUE. HE ALSO IN RECEIPT OF GRATUITY. 1. WHAT IS THE LIABILITY TO TAX AND CLAIM FOR ANY EXEMPTION UNDER SEC 10A IS APPLICABLE. 2.IF EXEMPTION IS APPLICABLE HOW AND WHERE THE CLAIM FOR EXEMPTION IS TO BE ENTERED IN FORM ITR 2 BY: KUSHAL HEGDE No answers yet View Answers | Post Answers |
| 17464 |
Aug. 12 2015 |
Consolidation of accounts –
(Companies Act, 2013)
A company has one foreign subsidiary and four Indian subsidiaries. In the light of MCA Notification dated 16th Jan 2015, is the company required to present the Consolidated financial statement for FY 2014-15? BY: CA. BALASUBRAMANIAM P No answers yet View Answers | Post Answers |
| 17466 |
Aug. 12 2015 |
DEDUCTION U/S 80E OF IT ACT –
(DIRECT TAXES)
CAN INTEREST ON LOAN TAKEN FOR FOREIGN STUDY OF CHILDREN IS AVAILABLE US 80 E. PL. CLARIFY IN CONTEXT TO CLAUSE (C) OF SUBSECTION (3) OF SECTION 80E OF IT ACT BY: CA. TRIPATHY HRUDANANDA No answers yet View Answers | Post Answers |
| 17461 |
Aug. 11 2015 |
CST ON Rejections from SEZ unit –
(INDIRECT TAXES)
We have sold materials to SEZ Unit in chennai under exemptions of duties CST, due to quality issues party has made rejections charging duties CST. Please let us know provisions of charging CST on Rejections from SEZ unit.. Thank you BY: RAMESH VADNALA No answers yet View Answers | Post Answers |
| 17457 |
Aug. 08 2015 |
NRI status –
(DIRECT TAXES)
A salaried employee leaves the job in India in 25 the September 14 and takes employment in USA on 29th September 2014.At the time of taking employment in USA he has stayed in India less than 182 days. However due to requirement of employment he makes business visit to India for about 10 days resulting in stay in India during Ay 2015-16 more than 182 days.(Including no of days stay on account of Business visit) Whether the assesse would be considered as Resident or Non Resident. BY: rangarajan r No answers yet View Answers | Post Answers |
| 17451 |
Aug. 07 2015 |
regarding Unique identification number –
(MISC.)
I am kirutika got the COP on july 2013, but till now i didnt got the unique identification number for the purpose of registering in bank empanelment purpose, so I request you to give the procedure to get the UIN number from ICAI. BY: kirutika No answers yet View Answers | Post Answers |
