Sebi offers a way over FPI tax rule hurdle
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| Que. Id | Date | Description |
|---|---|---|
| 11241 |
Oct. 15 2009 |
REFUND OF ADDITIONAL CUSTOM DUTY –
(Customs & Excise)
The Custom Depatt. has unched a scheme under which importer can cim refund of additional custom duty paid on imports.One of condition is that the cim should be supported by a certificate from auditor of the importer.The auditor should certify that the importer has not passed on the additional custom duty to the customer and it has been shown as refundable the books of accounts.The accounts of one of our clients have become fal and come tax urn has been filed for F.Y. 2008-09.But custom duty has not been shown as refundable durg the year 2008-09.Now the client wants to cim the refund from the custom for the imports made 2008-09.He will pass the necessary entries of refund books of 2009-10 by creditg the Misc come and debitg the Custom Duty Refundable Account.Can we issue a certificate that additional custom duty has not been passed on to the customer or the entries should have been passed 2008-09 itself.Please advise. ' BY: CA SUDHIR KUMAR JAIN No answers yet View Answers | Post Answers |
| 11219 |
Oct. 09 2009 |
revival of a company that has been non operational for 4-5 years –
(CORPORATE & OTHER LAWS)
Can anyone throw some light on the procedure to revive a defunct company? The Co has not filed any documents sce corporation 2005. Directors do not have D. Is an application to ROC enough to itiate the process? What are the penalties that can be charged by ROC? IS it beneficial to forget that Co and corporate a new one? ' BY: shailesh japuria No answers yet View Answers | Post Answers |
| 11192 |
Oct. 02 2009 |
WHETHER AN INDIAN SENIOR CITIZEN EMPLOYED IN NEPAL IS NRI IN INDIA –
(DIRECT TAXES)
an dian senior citizen dog service nepal kathmandu sce 2003-04.he is gettg his sary after deduction of tax nepal. he has also taxable come dia.will he be a non rent dia for the purpose of come tax dia? what will be his status dia for his come earned nepal? will he get mimum threshold limit of rs 100 or more as applicable to dian senior citizen.ARE BHUTAN AND NEPAL NOT CONRED FOR THE PURPOSE OF DECIDG RENTIAL STATUS OF THE ASSESSEE AS NRI, WHO ARE DOD JOBS OR BUSESS THESE TWO COUNTRIES?? ' BY: CA. G L SINGHAL No answers yet View Answers | Post Answers |
| 11169 |
Sep. 25 2009 |
Demerger –
(DIRECT TAXES)
case of demerger where appoted date is 01.04.2008 and court date 24.06.2009. Whether Turnover can be bifurcated between demerged company and demerger company w.e.f.01.04.2008. Whether there can be two tax audit one of resultg company and one demerged company. How to bifurcate the TDS, Adavance Tax paid, Contribution to PF and earlier 43B liability of demerged unit etc. ' BY: Manish Dedhia No answers yet View Answers | Post Answers |
| 11099 |
Sep. 13 2009 |
TDS on reimbursement of Notice Pay –
(DIRECT TAXES)
I recently quit a company and paid Rs. 2 khs agast the notice. This amount was reimbursed completely by my new employer, however after deductg withhold tax of around rs. 60000. How can I cim reimbursement of this tds. can i get this refund by cimg it my urn. are there any case ws ' BY: CA. SURYANARAYANAN S No answers yet View Answers | Post Answers |
| 11100 |
Sep. 13 2009 |
TDS on Interest paid on Loan From partner –
(DIRECT TAXES)
Is the Firm Liable to deduct TDS on ter paid on Loan taken from one of the partners ? ' BY: P.VENKATESHWAR RAO No answers yet View Answers | Post Answers |
| 11097 |
Sep. 12 2009 |
TDS Under section 195 –
(DIRECT TAXES)
An dian residg UAE sce st two years becomes NRI for come tax purpose havg NRE and NRO account with the nationalised bank dia vg the shares through PIS. the fancial year 2007-08,he earned short term ga of RS.180- broker issued a cheque of that amount without deductg the TDS, on the basis of a C.A.s certificate where C.A certifies that, it is exempt under Article 13(3) of DTAA and bank credits the proceeds to his NRE account.Pl. advice all complied the w if not than who and what? and whether C.A. is correct sayg that it is exempt under Article 13(3) of DTAA with UAE ' BY: Narayan Prasad Lahoti No answers yet View Answers | Post Answers |
| 11092 |
Sep. 11 2009 |
rate of tcs from 01.10.2009 –
(TDS/TCS)
what will be the effective tcs rate? whether surcharge andor education cess will also be collected or not? please give soft copy of ruleg. thanks ' BY: JITENDRA KUMAR SINGHAL No answers yet View Answers | Post Answers |
| 11079 |
Sep. 09 2009 |
Disallowable under BST Act in respect of URD Purchases –
(VAT/Sales Tax)
Dear, If expenses debited to profit and account at the time of Assessment the nature of purchases disallowable under Assessment of Bombay Sales Tax Act to the extent of how much percentage and under which Act? 1. Prtg Stationery 2. Sales Promotion Expenses 3. House Keepg Expenses 4. Repairs nance ' BY: GOPAL KUMAR AGRAWAL No answers yet View Answers | Post Answers |
| 11084 |
Sep. 09 2009 |
Compliance of section 206AA as introduced by Finance Act, 2009 –
(TDS/TCS)
X Ltd is required to make payments on ac of technical fees to non-rents dividuals as well as to foreign companies. It has been deductg TDS and depositg the same. Payees do not have PAN. view of the newly serted section 206AA, the deductees have to furnish PAN otherwise higher TDS would be applicable. As is the common knowledge, most of the foreign remittances tax is borne by the deductor, the deductees are least bothered about PAN etc Therefore how to comply with the new section ' BY: NIRDOSH KUMAR No answers yet View Answers | Post Answers |
| 11088 |
Sep. 09 2009 |
TDS on income from Futures and options –
(DIRECT TAXES)
An NRI receives come from tradg futures and options dia and the bank deducts tax from the profits earned durg a month without settg off the previous months es. Is this compliance with the provisions of the come tax w? If yes, where is it mentioned? ' BY: Lakshmy Krishnamoorthy No answers yet View Answers | Post Answers |
| 11057 |
Sep. 05 2009 |
APPLICABILITY OF ST ON GIVING INFO TO THE NEEDY –
(Service Tax)
A PERSON IS PROVIDG THE SERVICES (FORMATIONS REQUIRED) WHICH MAY OR MAY NOT USE R D WORKS, GETTG REGISTRATION UNDER VARIOUS ACTS, CARRIED ON BY THE RECEIVER OF SERVICES. THE FORMATION MAY BE PROVIDED BY OBTAG THROUGH NET. WHAT IF THE FORMATION IS USED OUT DIA ' BY: sachendra ksl No answers yet View Answers | Post Answers |
| 11061 |
Sep. 05 2009 |
Capital Gain on Sale of inherited Agri Land –
(DIRECT TAXES)
Whether amount received on Sale of herited Agricultural nd is taxable under Capital Ga? As one of consultant advices me that it is not taxable sce nd is herited and no purchase details are avaible. But i dont thk its correct. So pls guide me whether there is any provision to cim such capital Ga exempted? case it is taxable sce Purchase Details are not avaibe shall I have to obta its Valuation as on 1st Apr 1981? Pls guide... ' BY: Pushkar No answers yet View Answers | Post Answers |
| 11056 |
Sep. 04 2009 |
Deep Discount Bonds - Tax treatment –
(DIRECT TAXES)
What will be the tax treatment of Deep Discount Bonds (1993 issue) issued by Sardar Sarovar Narmada Nigam Ltd., the maturity proceeds of which was received durg the fancial year 2008-2009. ' BY: Tanuj Agrawal No answers yet View Answers | Post Answers |
| 11050 |
Sep. 03 2009 |
CENVAT Credit –
(Service Tax)
Hi, When Service provider is providg Taxable Esrvice as well as Exempted Service,(Ex : Export of Software and Local sale of Software), how to cim cenvat credit on Service tax paid on Office Rent. ' BY: Raghavendra R Patre No answers yet View Answers | Post Answers |
| 11052 |
Sep. 03 2009 |
Payment to group companies –
(TDS/TCS)
Hi friends..A Company (A) is sharg some space with its group company (B) and the group company is payg rent to ndlord. The Comapny (B) is deductg tds while makg rent payments. Should the Comapny(A) also deduct tds while payg to its group Company. The tds liability arises even if rent payments are made even if the other party is not the owner. ' BY: CA. ARORA JESSIKA No answers yet View Answers | Post Answers |
| 11054 |
Sep. 03 2009 |
Limit on the number of the Tax Audit –
(AUDIT)
What is the limit on the number of the tax audit CA can carry out for AY 2009-10. Also, Please provide me the cost dex for FY 2009-10 ' BY: CA Amit Jain No answers yet View Answers | Post Answers |
| 11038 |
Sep. 01 2009 |
if i have changed my practise from indidvidual name to sole propreitorship firm , what will be the e –
(AUDIT)
sir i started practice the year 2001 as an dividual and practisg my dividual name. now i wish to register a firm name (sole Proporship) and practice under the firm name as a sole proprietor. i have allotted bank branch audit and unique code no as an dividual if i have changed my practise from didvidual name to sole propreitorship firm , what will be the effect the bank branch audit empanelment? ' BY: SURESH V No answers yet View Answers | Post Answers |
| 11042 |
Sep. 01 2009 |
Consolidated FS under AS21 –
(AUDIT)
Is consolidated bance sheet and P L to be audited and signed by a CA or is it enough if a company prepares Consolidated statements and get it signed by directors alone? ' BY: balasubramanian No answers yet View Answers | Post Answers |
| 11036 |
Aug. 31 2009 |
Calculation of leaves when students take transfer –
(MISC.)
How the leaves of an articleship students are calcuted and accordgly what are the extension procedure??? ' BY: dolly bhando No answers yet View Answers | Post Answers |
