Sebi offers a way over FPI tax rule hurdle
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| Que. Id | Date | Description |
|---|---|---|
| 11907 |
Apr. 14 2010 |
FEMA - form of Intimation to RBI in respect of export proceeds unrealised –
(MISC.)
Dear Colleagues As per the FEMA Act, if export proceeds are not realised with 180 days, then an exporter has to make an timation to RBI respect of such unrealised export proceeds. Is there any prescribed form by the RBI respect of such timation of unrealised export proceeds ? ' BY: CA. BALAJI B No answers yet View Answers | Post Answers |
| 11894 |
Apr. 11 2010 |
Section 79 of the Income Tax Act –
(Profits & Gains of Business & Profession)
Section 79 of come Tax Act : 60 shares of a Pvt. Ltd. dian company "Orange dia" was held by another pvt. co. named B and bance was held by dividuals. The shareholdg patern of Company B was totally changed and its 100 shares was acquired by and transferred to Company C.The shareholdg pattern of Orange dia has , however, remaed the same. Will the es of Orange dia will be allowed to be carried forward us 79 ?? ' BY: Manoj Kumar Aggarwal No answers yet View Answers | Post Answers |
| 11887 |
Apr. 08 2010 |
Setoff of Forex loss and gains - businees and profession –
(DIRECT TAXES)
Can a on forex futures can be adjusted agast busess forex ga? ' BY: CA. CHANDAK ASHISH MUKUND No answers yet View Answers | Post Answers |
| 11879 |
Mar. 31 2010 |
service tax on commission paid out side india –
(Service Tax)
my client is exporter of iron rial , he want to pay commission out dia for service provided by the agent out dia. is it liable for service tax ? any notification are there ' BY: VIKAS GARG No answers yet View Answers | Post Answers |
| 11873 |
Mar. 29 2010 |
Section 80 E and Foreign education –
(DIRECT TAXES)
Dear Sir, Accordg to Section 80E of The come Tax Act, 1961 deduction for the amount paid as ter on loan taken for higher education is deductible 7 immediately succeedg assessment years or until the ter is paid full whichever is earlier. My query is whether this deduction is eligible the hands of the borrower if borrower’s sondaughter is pursug education abroad after the amendments defitions fance act,2009 ? ' BY: Prashanth Karanth No answers yet View Answers | Post Answers |
| 11864 |
Mar. 26 2010 |
HRA - Rent paid for two residential accommodation - Consideration of Higher of the two for computin –
(DIRECT TAXES)
An Assessee workg Bangalore is payg Rent for two accommodation one at Bangalore (the rential accommodation occupied by the assessee) and other at Kochi where his parents occupied the accommodation. Now sce the rent paid by him at Kochi is substantially more he wants to conr that as rent paid for computg HRA allowance. However as per the provision of IT Act, the rential accommodation should be occupied by the assessee. However Act doesnt crify on whether accommodation should be at the pce where he is currently workg or some where ? Needs your valuable ans... Thanks.... ' BY: HEMANTHA KUMAR.M No answers yet View Answers | Post Answers |
| 11847 |
Mar. 21 2010 |
AUDIT FEE –
(AUDIT)
RSir, Is there any crease audit fees for staturty audit of banks. Ihavereceived a sms from CA ND Gupta a month ter. Please reply ' BY: CA. NAVNEET K. GARG No answers yet View Answers | Post Answers |
| 11848 |
Mar. 21 2010 |
Removal of An Auditor –
(AUDIT)
An Auditor was reappoted at a companys Annual General Meetg for the year 2009-10. Form No.23B filed by the Auditor and confirmation received from MCA . All on a sudden a shareholders letter received by the Company for removg the Auditor pursuant to Sec.225(1) of the Companies Act, 1956. The Company removed the existg Auditor and a New Auditor was appoted at the extra-ordary General Meetg till the conclusion of the next Annual General Meetg. Is it a valid appotment from the of the Auditee ? ' BY: Asim Kumar De No answers yet View Answers | Post Answers |
| 11843 |
Mar. 20 2010 |
Intercorporate deposits –
(CORPORATE & OTHER LAWS)
A private company can accept deposits from its members, directors or their ives. Is there any upper limit for acceptance of such deposits from the angle of the private company ? ' BY: unnikrishnan nair n No answers yet View Answers | Post Answers |
| 11833 |
Mar. 17 2010 |
Applicability of T.D.S us 194-I –
(DIRECT TAXES)
One of my client has two units of Partnership firm. Rent is beg paid One Unit Rs.100000 and other one also Rs.100000. Books are beg prepared separately. Please crify whether T.D.S us 194-I is to be deducted or not. ' BY: SUNIL KUMAR KHANNA No answers yet View Answers | Post Answers |
| 11801 |
Mar. 10 2010 |
How to assess income of an ESTATE? –
(DIRECT TAXES)
One of our client owng big hospital passed away.He is supported by his spouse and two children of age less than three.His spouse doesnot tend to take over the hospital nor wants to be assessed under her name,but wants it to be given to her children as the ate of their father.Kdly crify how to assess the come from the ate property. ' BY: Harishankar No answers yet View Answers | Post Answers |
| 11790 |
Mar. 09 2010 |
Mutual welfare organisation –
(DIRECT TAXES)
We have a rent mutual welfare organisation, run with monthly subscriptions. 1. Whther I.T urn is to be filed. 2. How to avoid TDS on the bank deposits, made from surplus funds? 3. Is there any exemption avaible for TDS, IT filg. Please give relevant provisions, notifications. ' BY: BARATHIDASON R No answers yet View Answers | Post Answers |
| 11789 |
Mar. 08 2010 |
REIMBURESMENT OF MEDICAL EXPENSES –
(DIRECT TAXES)
Are expenses curred on any kd of dental treatment allowed when takg to conration the total medical expenses allowed for expmption under reimbursement of medical expenses upto the meximum limit of R 10. ' BY: CA. DUMASIA KAIRSY PHIROZESHAW No answers yet View Answers | Post Answers |
| 11778 |
Mar. 04 2010 |
sale of TDR –
(Profits & Gains of Business & Profession)
MS XYZ is partnership firm engaged construction busess generated some TDR its normal busess transaction. Now MS XYZ wants to enter commercial agreement with ABC P.L for sellg of TDR.Can it be normal busess transaction? if yes, MS XYZ can adjust its WIP agast this sale value as there is no other sale transaction durg that year. ' BY: Dipti N. Gosar No answers yet View Answers | Post Answers |
| 11771 |
Mar. 03 2010 |
SERVICE TAX REFUND –
(Service Tax)
My clients MS ABC LTD. engaged the manufacture of Psticizers and registered with the service tax department under the category of goods transport agency. Durg the quarter ended 30-09-2009 and 31-12-2009 company has paid freight outwardward amountg rs. 400000 and 800 respectively. service tax paid @ 10 on freight amount without obtag abatement of 75. kdly crify whether the excess service tax paid will be refundable ' BY: RAJIW KUMAR SINHA No answers yet View Answers | Post Answers |
| 11772 |
Mar. 03 2010 |
Deduction us 54EC Limit of Rs. 50.00 lacs in a financial year –
(DIRECT TAXES)
I have sold property for rs. 370.00 cs February 2010. As per sec. 54 EC once can v a bond for msximum of Rs. 50.00 cs a year. Whether I can v Rs. 50 cs before March 2010 and Rs. 50 cs after June 2010 ? Is is possible to get benefitus 54EC ? ' BY: atul jivanlal dalal No answers yet View Answers | Post Answers |
| 11768 |
Mar. 01 2010 |
Provision for Employees encashment of leave salary –
(Profits & Gains of Business & Profession)
Whether provision made towards Employee’s encashment of Leave Sary is deductable expenditure or not? ' BY: CA. KONKIMALLA DURGA SHYAM SUN No answers yet View Answers | Post Answers |
| 11754 |
Feb. 24 2010 |
Threshold limit for exemption –
(Service Tax)
Dear Colleagues, My query is about avaig the service tax threshhold exemption by a registared service provider. Say a dealer who was liable for service tax durg the year 200809 ended up with a taxable turnover of only Rs 9 kh that year for which he has paid all the service tax. Does he get the exemption from service tax by default durg the year 200910.Or does he have to ti the department his decision to avail exemption as he is already registered? Regards Prashanth ' BY: Prashanth Karanth No answers yet View Answers | Post Answers |
| 11741 |
Feb. 22 2010 |
Relief us 89(i) –
(DIRECT TAXES)
Dear friends, can we take to conration savg done us 80c (wiht the maximum limit of Rs 100000)but not shown the come tax urn of ralevent previous year to cim relief us 89(1) ' BY: CA. SINGLA VIJAY No answers yet View Answers | Post Answers |
| 11733 |
Feb. 20 2010 |
short deduction of tds on salary –
(DIRECT TAXES)
few employees have left brfore perq valuation rules were announced .They were paid petrol drivers sary. Now when we calcute tax we will have to recover tax from him.If we show tax less deducted form16 then e tds urn form cannot be uploaded.Will the company or dividual be responsible for less tds deduction ' BY: RANJITA KUMARI No answers yet View Answers | Post Answers |