Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5986 unanswered question(s) — Showing 2501–2520
| Que. Id | Date | Description |
|---|---|---|
| 10915 |
Aug. 12 2009 |
presentation of right to use of land in accounts –
(AUDIT)
Durg the year 2008-09,a PSU company had an agreement with Government, which government allowed to use 4 acres of nd for defite periood for the purpose of constructg pnt to PSU company,no transfer of propery done (ownership not transferred) and no value is exchanged by PSU company to Government how it is accounted the fancial statements ' BY: JOSHY K G No answers yet View Answers | Post Answers |
| 10917 |
Aug. 12 2009 |
Leave encashment –
(DIRECT TAXES)
Is provision for leave encashment based on actuarial valuation a must for companies? Can they account it on cash basis,i.e what ever paid durg the year is accounted as expense durg the year and make a note of the same notes. Is that sufficient? ' BY: balasubramanian No answers yet View Answers | Post Answers |
| 10904 |
Aug. 11 2009 |
Long Term Capital Gaing Cost Inflation Index –
(Capital Gains)
Dear all, One of my NRI Client sold ft July 09 and want to leave dia immediately after payg Long Term capital ga tax. As Cost ftion dex for FY 2009-10 not yet notified, How to calcute dex cost of acquisition of ft. Please answer. Ajay Sagare Pune ' BY: Ajay Bhalchandra Salagare No answers yet View Answers | Post Answers |
| 10908 |
Aug. 11 2009 |
Depreciation on Computer Software –
(DIRECT TAXES)
Our company has purchased Software. What rate of depreciation to be charged under I.T? Is it 60 percent or the rate prescribed for tangibles at 25 percent. What rate to be booked under companies Act for the same? ' BY: balasubramanian No answers yet View Answers | Post Answers |
| 10912 |
Aug. 11 2009 |
DEPRECIATION –
(Profits & Gains of Business & Profession)
Refer - Quion ID 11429 regardg cim of higher rate of depreciation for Computerized zer mache: Can any one enlighten me if there is any specific rule case w that defes computer? or is there any specific rule for cscification of block for composite machery that falls under 2 blocks. Any kd of examples, case ws, rulgs or any other guidence this regard is very much appreciated. CA.Harishankar.R harsa555@gmail.com ' BY: Harishankar No answers yet View Answers | Post Answers |
| 10889 |
Aug. 09 2009 |
service Tax om market research. –
(Service Tax)
a company has paid Rs.1.5 kh to a non rent towards conductg market reasearch out dia to know the potentials of the market for a particur product.. whether the company needs to pay service tax on the same. ' BY: CA. AKSHAYA B N No answers yet View Answers | Post Answers |
| 10890 |
Aug. 09 2009 |
Payment for foregin consultant. –
(TDS/TCS)
A company is makg a payment to a market research consutant(non rent) out dia for the market survey conduted out dia.whether the company need to make the TDS. or can it apply for makg the payment without deductg tax at source. ' BY: CA. AKSHAYA B N No answers yet View Answers | Post Answers |
| 10891 |
Aug. 09 2009 |
Amount admissible or not as business revenue expenditure –
(DIRECT TAXES)
1. AmountFee paid for creasg of authorised capital case of company. whether this amount is revenue nature or capital nature? if capital nature then accountg treatment of this expenditure. 2. ter paid on te deposg of TDS and Wealth Tax. ' BY: Samdarshi No answers yet View Answers | Post Answers |
| 10873 |
Aug. 07 2009 |
intt paid admissible or not –
(DIRECT TAXES)
An assessee has a busess durg the year 2007-08. It was discontued w.e.f.31-3-2008. She has taken a loan from a bank. The tt was deductible the books of 2007-08. Now the busess is discontued but the loan is contug name of the prop. and she is payg tt regurily.Bes this, She has rental come and remuneration from a Pvt. ltd co. as a director ans short term capital ga. My query is that as she has no busess come how the tt paid to bank will be treated the books and the ITR. It will be treated as drawgs or deducted from her other come or any other treatment is to be given. please solve my query. ' BY: CA. SEEMA RANI No answers yet View Answers | Post Answers |
| 10868 |
Aug. 06 2009 |
export invoice in INR realisation in INR –
(CORPORATE & OTHER LAWS)
Can an exporter of dia make export voice R (PO is released by overseas customer R)and can he can receive conration R? EXPORT IS TO BE DONE TO EUROPEAN AND USA COUNTRY. ' BY: PARAG SURESH DESHPANDE No answers yet View Answers | Post Answers |
| 10847 |
Aug. 04 2009 |
filing of ITR-V not with the jurisdictional ITO for A.Y 2008-09 –
(DIRECT TAXES)
An assessee e-filed his urn August 2008 and submitted the ITR-V showg his correct jurisdiction with an ITO another city for A.Y 2008-09 and got the acknowledgement.Is tha action is ?Does the ITR-V required to be filed with the jurisdictional Assessg officer? Will the case be treated as non-filg of urns? If so, can the ITR-V be now filed with the jurisdictional ITO ' BY: Subramonian Moothathu.S No answers yet View Answers | Post Answers |
| 10857 |
Aug. 04 2009 |
Higher Depreciation Rate-50 on Vehicles –
(DIRECT TAXES)
As per Notification 102009 of CBDT, New Commercial vehicle purchased after 1st january 2009 are eligible to cim 50 depreciation. My Quion is what is Commercial Vehicle ? Can we cim depreciation on Cars?If so I understand that we can cim depreciation full i.e 50 even though it is not put to use for more than 180 days sce the Notification is issued the month of January 2009. ' BY: P.VENKATESHWAR RAO No answers yet View Answers | Post Answers |
| 10840 |
Aug. 03 2009 |
CPT accounts question –
(MISC.)
A consignee sold goods costg Rs. 50,000 at a profit of Rs. 10,000. Out of total sale 30 was credit sale. As per the agreement the consignee will get 5 ordary commission, 2 del-credere commission on credit sale and 3 over-ridg commission on amount excess of cost price. The amount of commission will be (a) Rs. 3,540 (b) Rs.3,840 (c) Rs.4, (d) Rs.3,000 ' BY: Dilip Saboo No answers yet View Answers | Post Answers |
| 10843 |
Aug. 03 2009 |
Taxability of allowances received by MLA of State Legislative –
(DIRECT TAXES)
Sir, Our client is an M of AP State. Durg the tenure he had received various allowances. The ITO while coompletg his assessment disallowed the various allowance rrictg allowances as per section 10(17).Sce, the assessee had not mataed the proper books of account. However, he has spen the entire amount. What is remedy we have preferred the appeal before ITAT. Pl.sugg Regards ' BY: CA. SUSEEL KUMAR AGARWAL No answers yet View Answers | Post Answers |
| 10844 |
Aug. 03 2009 |
DEPRECIATION ON LASER MACHIENES –
(Profits & Gains of Business & Profession)
One of our client is a Doctor. He uses advanced ser maches for surgery. The advance ser machiene is a highy sophicated and autod mache that the entire surgery is taken care by the machiene and the doctor only sits front of the computer monitor to control and operate it. The ser mache is imported from germany and all servicg and nance is done vide ternet. Conrg the nature of the mache, depreciation was cimed at a higher rate of 60 for seventy five percent of the cost and the bance conred under 15 block. This was cimed based on a technical opion from the experts servicg the ser who stated "atleast 75 of the ser consists of computer parts and pheripherals and tha bance 25 as mechical and others". Now, the cim of 60 of the depreciation has been disallowed on the stand that the higher rate is only allowed for computers and not computer aided maches. I would requ you experts to crify the above arguments by substantiatg with case ws (if any). ' BY: Harishankar No answers yet View Answers | Post Answers |
| 10845 |
Aug. 03 2009 |
Declaration to be furnished for 4 VAT instead of 12.5 ? –
(VAT/Sales Tax)
We are covered under the Tamil Nadu VAT Act,2006. The "capital goods" as described sction 2(11)(i.e used for manufacture) are taxable @ 4 VAT as per Part B of First Schedule. Whether any decration tax exemption certificste is required to be given to the supplier for him to charge 4 VAT stead of 12.5 .? Pls refer to the relevant sectionsrules the answer. ' BY: CA. DUGAR AMAN No answers yet View Answers | Post Answers |
| 10846 |
Aug. 03 2009 |
Permission to International accounting bodies in India –
(INTERNATIONAL BUSINESS)
Why council is not terferg allowg big four accountg firms from operatg dia despite scam by Price Water House ? Why ICAI is keepg mum over non recognision of dian CA Canada ? ' BY: ASHOK AGGARWAL No answers yet View Answers | Post Answers |
| 10832 |
Jul. 30 2009 |
STATUTORY REQUIREMENT IN CONNECTION WITH KEEPING BOOKS OF ACCOUNTS AND RECORDS –
(CORPORATE & OTHER LAWS)
Dear Sir, Can you please help identifyg specific provisions section the followg ws prescribg the period up to which a company needs to keep the books of accounts record: 1. The Companies Act 2. The come Tax Act Kdly revert with crification specifyg the relevant sections above said ws. Thanks ' BY: CA. KAKKAR JITENDER No answers yet View Answers | Post Answers |
| 10815 |
Jul. 29 2009 |
CONDITIONS TO CLAIM ADDITIONAL DEPRECIATIION UNDER IT –
(DIRECT TAXES)
What are the conditions to be fulfilled to cim additional depreciation? is any production capcity crease needed? is any special structions this behalf? pls guild me ' BY: JOSHY K G No answers yet View Answers | Post Answers |
| 10820 |
Jul. 29 2009 |
CREDIT OF TCS PAID –
(TDS/TCS)
ITR 1 - 3 THERE IS NO TCS SCHEDULE. SO HOW THE CONCERNED ASSESSEES CAN AVAIL THE CREDIT OF TCS PAID. US 206C WORD IS USED "ANY PERSON". WHAT IS YOUR VIEW ' BY: BALAJI.K.B. No answers yet View Answers | Post Answers |
