Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5986 unanswered question(s) — Showing 2321–2340
| Que. Id | Date | Description |
|---|---|---|
| 12947 |
Jul. 01 2011 |
Point of Taxation on Service Tax –
(Service Tax)
The Point of taxation in Service Tax was deferred for 3-Months till 30.06.2011. What is the status now. BY: Lakshmish Kant No answers yet View Answers | Post Answers |
| 12948 |
Jul. 01 2011 |
Accounting entry by a trust at the time of sale of gifts received –
(DIRECT TAXES)
What accounting entry should be passed by a religious trust at the time of sale of gifts such as apparels for deity etc., if it is received as gift to deity and no accounting entry was passed at the time of receipt of the gift. BY: CA. chunauti dholakia No answers yet View Answers | Post Answers |
| 12949 |
Jul. 01 2011 |
sevice tax applicable to local nagarpalika, nagar nigam –
(Service Tax)
can local nagar palika is liable under service tax act., for shop given on rent and rent received from advertisement agency for space provided if any specific exemption please give notification no. or case law BY: PRAMOD MADAN No answers yet View Answers | Post Answers |
| 12939 |
Jun. 30 2011 |
Composition Scheme for builders –
(VAT/Sales Tax)
Dear All, I would like to know whether a builder who has charged Vat @ 5(in Maharashtra) under composition scheme since there was no option left to the builder then. Now for the same project whether a builder can charge vat @ 1 on agreement registered after 01.04.2010.Please advice. BY: shraddha No answers yet View Answers | Post Answers |
| 12940 |
Jun. 30 2011 |
Refund Cliam –
(DIRECT TAXES)
We received a cheque for refund order Rs. 10000-from IT department for F.Y 2008-09, which was not supported of any assessment order. But we had filed the return for refund of Rs. 16 Lacs, after discrepancy, we find that tds amount has not credited in PAN as per AS-26. We came to know that some banks has not put correct our PAN in TDS returns and that TDS has not credited in our account. My Query :- 1. Can we get assessment order online? if yes how? if no ? than how to get it. 2. How can we get refund and what time to file any claim. BY: Shailesh Goyal No answers yet View Answers | Post Answers |
| 12941 |
Jun. 30 2011 |
Sales tax on trading by Boutiques –
(VAT/Sales Tax)
Whether "sale of cloth" or "sale of cloth after stiching" by boutique is liable for sales Tax. BY: Vaibhav Jain No answers yet View Answers | Post Answers |
| 12937 |
Jun. 29 2011 |
Capital Gains Reinvestment –
(DIRECT TAXES)
Dear Colleagues, An assessee has sold a site in fiscal 2010-11 and used the proceeds for his business.In such sale he has a capital gain of Rs 10 Lakhs( sale proceeds of about Rs 20 lakhs) However he buys a new house before the due date of filing his returns by availing home loan from bank. The cost of new house is Rs 21 lakhs and home loan availed is Rs 18 Lakhs. Whether he is entitled to benefits under Section 54F? If so to what extent? Regards BY: Prashanth Karanth No answers yet View Answers | Post Answers |
| 12938 |
Jun. 29 2011 |
Input Credit for liability against GTA –
(Service Tax)
One of my client want to adjust service tax liablity under GTA rule against input credit service tax paid on insurance. Weather it is possible to avail cenvat credit under exciseservice tax for dispose of liablity under GTA. BY: Shailesh Goyal No answers yet View Answers | Post Answers |
| 12934 |
Jun. 27 2011 |
Loaded Ground Rent Charged by Gateway Distriparks ltd is subject to TDS –
(TDS/TCS)
Our Company import material from outside india and when material come in india than from port to gari harsaru (inland container deport) than Gateway Distriparks ltd charges loaded ground rent on daily basis this is subject to TDS or not BY: Navneet Kumar No answers yet View Answers | Post Answers |
| 12935 |
Jun. 27 2011 |
Transfer Pricing –
(DIRECT TAXES)
Dear Sir,I would like to know the accounting auditing procedure in relation to the Concept of Transfer Pricing. BY: Govind Sharma No answers yet View Answers | Post Answers |
| 12936 |
Jun. 27 2011 |
Applying for import export code –
(INTERNATIONAL BUSINESS)
Can manual application be filed with director general of concerned region or it is mandatory to apply online for getting IEC BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 12933 |
Jun. 25 2011 |
ST Treatment on SEZ Unit –
(Service Tax)
Can anybody through some light on the applicability of Service Tax to buy Software licenses for an unit located in SEZ. I understand it should be either not applicable or go for refund. please share your views. BY: Prakash No answers yet View Answers | Post Answers |
| 12931 |
Jun. 24 2011 |
CEILING LIMIT OF AUDIT –
(AUDIT)
Whether Audit Us 44AD (i.e. Declarad Net Profit is less than 8 of Turnover)will be included under ceiling limit i.e. 45 Audit. BY: MANOJ KUMAR KEDIA No answers yet View Answers | Post Answers |
| 12932 |
Jun. 24 2011 |
Tuff subsidy –
(MISC.)
Can any body elaborate the procedure to claim tuff subsidy Thanks Mahesh Aneja BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 12919 |
Jun. 23 2011 |
Service Tax on Import of Services –
(INDIRECT TAXES)
Facts : A foreign consultant is exclusively retained by our client on retainer ship basis. The client is deducting T.D.S. and categorize the same in Form 15CB as payment towards Professional Services. Issue : Whether service tax is applicable since in that case liability is that of service recipient in India itself to provide for service tax and make the payment to the department. BY: Praveen Upadhyay No answers yet View Answers | Post Answers |
| 12914 |
Jun. 22 2011 |
Return of Income –
(DIRECT TAXES)
Female assessee- Gross income Rs.2.25 lakhs. After 80C deductions, taxable income Rs.1.78 lakhs. Not a senior citizen. Whether she should file income tax return for fin.year 2010-11? BY: balasubramanian No answers yet View Answers | Post Answers |
| 12917 |
Jun. 22 2011 |
Penalty Leviable –
(DIRECT TAXES)
Dear Collegues, The Assessing Officer while completing the assessment has made certain additions to the income returned by the assessee on the ground that certain purchases were not supported by proper Bills. The assessee has accepted the additions made to the income returned and paid taxes thereon. The Assessing Officer has initiated penalty proceeding Us.271(1)(c) of the Income Tax Act as assessee has concealed particulars of income. Is there any case laws which can be given that the penalty cannot be levied when the assessment completed on an agreed basis and taxes paid thereon and assessee cooperated in completion of assessment. BY: RAMAN No answers yet View Answers | Post Answers |
| 12841 |
May. 23 2011 |
Service tax in joint development –
(Service Tax)
Query under Service Tax. a) In a joint development, the developer agrees to give certain percentage of constructed area (normally called as “Owner’s constructed area”) to the land owner in consideration of the land owner agreeing to sell a certain portion of the land either to the developer or his nominees. It is also common that the land owner executes a power of attorney authorizing the developer to sell the land which falls to the share of the developer. The developer in turn enters into agreement with the prospective apartment purchasers in two parts. One for the land and the other is for the superstructure. As far as the levy of service tax on the superstructure value there is some certainty. The consideration collected by the developer towards land is also retained by him because nothing is payable to the land owner. This actually adjusted or deemed to have been adjusted against cost of the owner’s constructed area. In view of the amendment in the 2011 Budget, I am of the opinion that these amount can be treated as advance received from the land owner towards his share of superstructure and hence liable to service tax subject to abatement. Please confirm whether my view is correct. b) Some times the land owner also enters into agreement with the prospective purchaser even before the owner’s constructed area is handed over to him. My query is whether the advance received by the land owner before getting possession of his share of constructed area is also subject to service tax. C.P.Ethirajan BY: Ethirajan No answers yet View Answers | Post Answers |
| 12842 |
May. 23 2011 |
Foreign company business in India –
(Service Tax)
Query about service tax. A private limited company in India renders service to a foreign company to promote foreign company business in India. The commission is paid by way of convertible foreign exchange. The Indian company has been claiming exemption treating the service as “export”. Now the foreign company wants to become major share holder in the private limited company holding more than 60 shares. Under export of service rules one of the condition for exemption is that the foreign company to which services are rendered should not have any office in India. My query is whether a foreign company becoming parent body of the Indian company will alter the situation thus the Indian company loosing the tax exemption under service tax law. C.P.Ethirajan BY: Ethirajan No answers yet View Answers | Post Answers |
| 12832 |
May. 19 2011 |
80 IB –
(DIRECT TAXES)
CAN 100 BAD HOSPITAL GET 100 DEDUCTION ESTABLISH AFTER 1-4-2009? BY: hitesh No answers yet View Answers | Post Answers |
