Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5986 unanswered question(s) — Showing 2121–2140
| Que. Id | Date | Description |
|---|---|---|
| 16147 |
Feb. 11 2014 |
Turover for filling empanelment in case of merger of firm –
(MISC.)
while filling the CAG and other forms, in case of merger of firm retaining FRN of oldest firm, whether turnover of all the merged firm to be included or turnover of oldest firm only will be filled up. BY: CA. VADGAMA CHETANKUMAR DALSUK No answers yet View Answers | Post Answers |
| 16149 |
Feb. 11 2014 |
HUF –
(DIRECT TAXES)
A HUF consisting of husband wife was assessed to income tax. During current year, the wife passed away. I am of the opinion that the HUF gets automatically dissolved the income has to be treated as “individual” income of the husband. Kindly confirm. BY: Ethirajan No answers yet View Answers | Post Answers |
| 16130 |
Feb. 06 2014 |
Landscaping work and works contract –
(VAT/Sales Tax)
Dear Colleagues, Whether Landscaping work is a works contract under VATService Tax? BY: Prashanth Karanth No answers yet View Answers | Post Answers |
| 16131 |
Feb. 06 2014 |
Reverse charge in case of works contract –
(Service Tax)
In case of works contract if service provider is individual service receiver is business enntity registered as body corporate located in taxable territory then revrse charge is applicable.. so whether corporations lice LIC and banks Like SBI are also covered under defination of body corporate in this case ? BY: KAILASH CHAND GOYAL No answers yet View Answers | Post Answers |
| 16136 |
Feb. 06 2014 |
SERVICE PORTION IN CASE OF GOVT ELECTRICAL CONTRACTOR –
(Service Tax)
Dear Sirs how to compute the service tax liability , where a contractor is providing services like shifting of transformers , lines due expansion or renovation of roads . Secondly , its whole sum project say of Rs. 12lacs . Then , how the contractor raise the bill . At last , is UP Govt also remits service tax in such cases. BY: RAM SAMARIA No answers yet View Answers | Post Answers |
| 16125 |
Feb. 04 2014 |
Governmental Authority –
(Service Tax)
The definition of Governmental authority is ammended as below ‘(s) “governmental authority” means an authority or a board or any other body, (i) set up by an Act of Parliament or a State Legislature, or (ii) established by Government, with 90 or more participation by way of equity or control, to carry out any function entrusted to a municipality under article 243W of the Constitution,’. Please clarify whether is it enough if the Board is constituted under an enactment of State legislature (OR)apart from the enactment is should ALSO carry out the functions entrusted to Muncipality under 243W of Constitution. BY: Praveen Kumar K No answers yet View Answers | Post Answers |
| 16121 |
Feb. 01 2014 |
E Return –
(DIRECT TAXES)
X an assesee filed his income tax return (E return) for Asstt year 12-13 belated. And a revised return was also filed a day after the original ones for the same asstt year. Now the CPC has processed the original return with some error, not giving credit of the entire amount of TDS, where as all the TDS are seen in 26AS. Now I want to rectify the return us 154. But the question is which FVU file should I submit while uploading the rectification process, because revised return is not processed, and assess is having only revised return FVU. Moreover as it is understood that revised return is not allowed in case of belated return. So in this case what will e be the fate of revised return, and which FVU file should I upload to claim the TDS at least to the extent of original one BY: pradeep kumar agrawal No answers yet View Answers | Post Answers |
| 16104 |
Jan. 28 2014 |
VCES Scheme - Date of payment –
(Service Tax)
We have applied for VCES Scheme on 31-12-2013 and tendered a online payment on 31-12-2013. The payment was processed on 1-1-2014 in the first clearing and challan has been generated. Now, the Departmental officer is telling us that the VCES Application shall be rejected. Can we still take shelter under Rule 6(2A) of Service tax Rules? BY: Chandra Shekar No answers yet View Answers | Post Answers |
| 16105 |
Jan. 28 2014 |
Refund - Export of Service –
(Service Tax)
We are a Pvt Ltd Co. We are commission agent for client located outside India. We receive commission in dollars. The expenditure is incurred on monthly basis but commission is billed only once the transaction is crystalised. Generally we have only one or two billings in the entire year. As per new provisions refund can be claimed only quarterly. Can we know how to claim the refund? BY: Chandra Shekar No answers yet View Answers | Post Answers |
| 16097 |
Jan. 27 2014 |
Sch.VI requirement –
(CORPORATE & OTHER LAWS)
A Company has paid share application money for investment in shares of another company. But Shares were not allotted till the balance sheet date. How the amount is to be disclosed in the Investor companys balance sheet? In Investments or in current assets? Please clarify. Thanks. BY: balasubramanian No answers yet View Answers | Post Answers |
| 16071 |
Jan. 23 2014 |
exemption us 54 - capital gains –
(Capital Gains)
Mr A has sold commercial premises or 20 lacs. after adjusting indexed cost of purchase the Long Term capital gain is 10 Lacs. Mr A has further purchased the house property of Rs40 Lacs. However he has only paid Rs 5 lacs from his own funds and for balance he has taken loan from bank. In this case how much deduction is avialble. whether 40 lacs or 5 lacs being actual funds utilised. Whether housing loan repaid can be said as funds utilised for investment. BY: Mihir No answers yet View Answers | Post Answers |
| 16063 |
Jan. 22 2014 |
Circular No 12014 applicability –
(TDS/TCS)
Weather Circular 12014 issued by CBDT also appliacble to section 194(c) and other section also where it is required to deduct TDS. OR this circular is only restricted to SEC 194(J) and 194(I). Also from which date this circular is effective for its applicability, does it have retrospective effect also? BY: PRERAK BANSAL No answers yet View Answers | Post Answers |
| 16064 |
Jan. 22 2014 |
Service Tax Post-VCES CENVAT Credit Clarification –
(Service Tax)
My client, a pvt ltd company that was incorporated in 2011 had opted for VCES and has paid the first installment before 31-Dec-13. It did not get the CENVAT credit for the input service tax for the period till 31-Dec-2012. Now it is filing its regular returns for the period from 01-Jan-13. The questions are A) Can it avail the unutilized CENVAT credit from the period before 31-Dec-2012, while filing its returns for the period after 01-Jan-13. B) Are there any pre-conditions that they should have fulfilled. Thanks BY: CA. JAIN SANJAY KUMAR No answers yet View Answers | Post Answers |
| 16055 |
Jan. 21 2014 |
Version of ROC Forms –
(CORPORATE & OTHER LAWS)
How can I check whether the version of any ROC form has changed without doing precrutiny? Regards, Souvik Ghosh BY: SOUVIK KR GHOSH No answers yet View Answers | Post Answers |
| 16058 |
Jan. 21 2014 |
Capital gain on revaluation of assets by partnership firm –
(DIRECT TAXES)
1)Whether Capital gain is applicable on revaluation of assets of a partnership firm ? (there is no transfer of assets as such) 2) Whether this revalued value of assets can be taken as the cost of acquisition for computation of Capital Gain in the ultimate sale of assets to third party ? BY: Besto Varghese No answers yet View Answers | Post Answers |
| 16059 |
Jan. 21 2014 |
Not able to our Firms name while applying for CAG audit. –
(MISC.)
Our firm name " C.RAJBHAR CO." has been changed to "RAJBHAR TULSHAN CO." with effect from 01052013.But we are not able to modify the firms name while updating the firms basic details on CAG website. Kindly provide a solution to resolve this issue at the earliest. Thanking you in advance with warm regards Rajbhar Tulshan Co. BY: CHHEDI RAJBHAR No answers yet View Answers | Post Answers |
| 16036 |
Jan. 10 2014 |
Claiming Additional Customs Duty by SSI unit. –
(Customs & Excise)
Manufacturer importing raw material on the same paid Additional Customs Duty of 4. As the total turnover is less than 150 less not covered under Central Excise. On the sale of manufactured product pay the VAT CST. Is he allowed to claim the refund of Additional customs duty of 4 from Customs. BY: Swaminathan No answers yet View Answers | Post Answers |
| 16033 |
Jan. 09 2014 |
REGN UNDER CREDIT CARD DEBIT CARD CHARGE CARD OR OTHER PAYMENT CARD SERVICES –
(Service Tax)
WHETHER AN INDIVIDUAL NOT REGISTERED AS A BANKING COMPANY CAN GET REGISTRATION UNDER "CREDIT CARD DEBIT CARD CHARGE CARD OR OTHER PAYMENT CARD SERVICES" CATAGORY UNDER SERVICE ACT BY: navin chander goel No answers yet View Answers | Post Answers |
| 16035 |
Jan. 09 2014 |
Service Tax on Fee from Foreign Company –
(Service Tax)
An Assessee (Indian Resident)helping a foreign company situated at Prag (Europ)to deal with companys Client in India. Services is being provided in India. She is receiving a fixed amount of fee(in foreign exchange)of Rs. 10.00 lacs from foreign company. Is she required to obtain Service Tax Registration ? Is such fee liable for service tax in India? BY: SUNIL KUMAR JAIN No answers yet View Answers | Post Answers |
| 16002 |
Dec. 31 2013 |
DEPRECIATION TO SOCIETY –
(DIRECT TAXES)
Sir, A Registered Society , X having Registration us 12 A and exemption us 80G of the I.T. Act. It has applied its income for purchase of certain fixed assets to fulfill its main objects. The Society is also claiming Depreciation on the same fixed assets as expenses. But the AO wants to add Depreciation as income of the Society being double deduction. Kindly advise what should be done? Whether there are any decided case Laws and CBDT Circular in this respect? BY: AJAY JAIN No answers yet View Answers | Post Answers |
