Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5986 unanswered question(s) — Showing 2521–2540
| Que. Id | Date | Description |
|---|---|---|
| 10821 |
Jul. 29 2009 |
tds us 194c –
(TDS/TCS)
while makg payment to the buldg contractorrent payment to ndlord caterer which is clusive of service tax whether tax to be deducted us194c from the service tax also. ' BY: CA. SINGLA VIJAY No answers yet View Answers | Post Answers |
| 10822 |
Jul. 29 2009 |
Set off of Loss under business income –
(DIRECT TAXES)
Durg the Fancial Year 2008-09, One of my client earned Commission come (on Mutual Funds LIC Agency) of Rs.2.5 khs and curred of Rs.3.8 khs Futures Options segment(N.S.E) of share tradg. Can He set off his F O busess agast commission come. I hope he can set off. I requ Honourable members kdly enlighten me and I am very thankful for the same ' BY: VARA PRASAD No answers yet View Answers | Post Answers |
| 10823 |
Jul. 29 2009 |
Remuneration to Management committee of the Society –
(CORPORATE & OTHER LAWS)
One on the school is registered under karnataka socities act. Can the mangement committee draw some remuneration for the time spent at the school. Can the committee members cim honororium for the same? ' BY: Chandra Shekar No answers yet View Answers | Post Answers |
| 10808 |
Jul. 28 2009 |
Treatment of retirement benefits on the person rejoining the organisation –
(DIRECT TAXES)
Dear Colleagues, One government had taken VRS and taken various benefits viz PF, Gratuity, commutation of pension. But immediately after VRS he was aga re-stated the same department with a simir post. What is the impact of this on the taxability of irement benefits. Regards Prashanth ' BY: Prashanth Karanth No answers yet View Answers | Post Answers |
| 10814 |
Jul. 28 2009 |
whether a CA can ger a job as accountans consultant, if he holds full time COP –
(AUDIT)
whether a CA can get a job as accounts consultant a company,if his name does not cluded roll of company, if he holds full time COP?. whether he has to change his name his appotment letter issued by a company, if after his appontment his personal name, he constututes a CA firm parnership? or he can contue as consultant his personal name as appeared his appotment letter? ' BY: chunauti dholakia No answers yet View Answers | Post Answers |
| 10801 |
Jul. 27 2009 |
losses in derivatives( shares index) set off against other business income –
(DIRECT TAXES)
My client is havg from Derivatives ( shares dex) the F.Y. 2008-09. Now I would like to confirm whether it would be treated as a specutive busess or normal busess. As per st amendments issued by CBDT it would be treated as busess come.pl confirm ? further i would like to confirm that es from futures options shares will be set off agast come from proprietary professional come ' BY: JITENDRA KUMAR SARAWGI No answers yet View Answers | Post Answers |
| 10802 |
Jul. 27 2009 |
Whether credit availed on inputs can be distributed among branches before registration as ISD. –
(Service Tax)
Sir, one of my client had distributed the put credit to its branches before registerg itself as ISD (but he was registered as service provider only). Branches, too, utilized the credit. Now S.T. Deptt. Has issued a show cause notice to the branches for disallowance of credit taken. ' BY: MAHESH GARG No answers yet View Answers | Post Answers |
| 10783 |
Jul. 25 2009 |
captail gainloss –
(DIRECT TAXES)
hi friends. one of my client purchased a piece of plot on 25.01.2008 for 25 cs and paid stamp duty charge of Rs 2 cs. this plot was the name of my client and his spouse but without any sharg ratio. he sold the plot on 25.06.2008 for Rs 26 cs. my quion is what wil be cost of acqusition as stamp duty charges can also cimed us 80c. and how stclstcp can be distributed among my client and his spouse as there is no sharg ratio. ' BY: CA. SINGLA VIJAY No answers yet View Answers | Post Answers |
| 10784 |
Jul. 25 2009 |
date of completion of house –
(DIRECT TAXES)
under section 24(b) terst on borrowed capital is allowed Rs 30000Rs 100 case of self occupied house dependg upon the condition to be met.but case, house is constructed then ter paid before the start of fancial year which house is completed, can be cimed five equal stallment. my quion is what date should be taken as date of completion of house. is any authority give certificate for the same chandigarh as property is chandigarh? or any other criterion for the same. ' BY: CA. SINGLA VIJAY No answers yet View Answers | Post Answers |
| 10789 |
Jul. 25 2009 |
gift us 56(2)(vi) –
(DIRECT TAXES)
gift received from ive shape of cash(wharever is the amount) is exempted us 56(2)(vi). please clear 1. if A receive gift from her sister WS(SALI)husband. is it falls under the defation of ives. 2.if a person receive gift from his real brother from abroad dolr then will it also exempt if it is more than Rs 00. ' BY: CA. SINGLA VIJAY No answers yet View Answers | Post Answers |
| 10768 |
Jul. 23 2009 |
COUNSULTANCY CHARGES FOR DESIGNING DEVLOPMENT –
(TDS/TCS)
MY CLIENT IS AN LEATHER EXPORTER AND HAS PAID CONSULTANCY CHARGES EURO FOR DESIGNG DEVLOPMENT TO PERSON OF FOREIGN ORIG AND THAT PERSON HAS NO BUSESS CONNECTION DIA NEITHER HAD ANY OFFICE DIA WHETHER MY CLIENT IS LIABLE FOR TDS ON SUCH CONSULTANCY CHARGES AND IF YES UNDER WHICH SECTION PLEASE REFER CASE WS AND IS THEIR IS ANY WAY TO SAVE THE LIABILITY OF TDS. ' BY: NAWAL KISHORE GUPTA No answers yet View Answers | Post Answers |
| 10756 |
Jul. 22 2009 |
HRA vs House property income –
(DIRECT TAXES)
An assessee is havg two houses bangalore. He let out both the houses and stayg the rented house. He is a employee one of the company and gettg sary cludg HRA. So can he cim HRA as allowance us 10(13A) and show the rent received under the head House Property come. And if he havg a loan on one of the house can he cim Housg loan ter us 24 ' BY: Sujata M D No answers yet View Answers | Post Answers |
| 10760 |
Jul. 22 2009 |
Trading in Shares –
(CORPORATE & OTHER LAWS)
A pvt ltd company is wholly engaged tradg of shares. whether NBFC provision regardg registration and capital adequecy are applicable to it? ' BY: Mihir No answers yet View Answers | Post Answers |
| 10743 |
Jul. 21 2009 |
Forms 15 CA Forms 15CB –
(DIRECT TAXES)
This is contuation with my Q.ID 11294. The company dia gives an advertisement a foreign magaze circutg U.S about its products and services to canvass foreign customers.Wheteher TDS is deductible on this advertisement expenses paid from dia to the magaze publishg company situated out dia? The foreign publishg company has no busess connection or PE dia. Us 195 TDS on such payment to be made only if it is taxable the receipients hand dia. So my view is no TDS is required on this.Kdly crify how the CA can sign form 15 CB when such confusion prevails. The company is unable to transfer funds without 15CB. ' BY: balasubramanian No answers yet View Answers | Post Answers |
| 10747 |
Jul. 21 2009 |
TDS @ 20 –
(DIRECT TAXES)
TDS @ 20 if the deductee has no PAN w.e.from 1.4.2010. what does it mean? All payments made on or after 1.4.2010 or all payments for the Asst.Year 2010-11 itself, which case payments made current year 09-10 are subjected to higher deduction if no PAN is avaible. Simirly Surcharge and Cess on TDS is scrapped. Please let know from which date this is applicable? ' BY: balasubramanian No answers yet View Answers | Post Answers |
| 10751 |
Jul. 21 2009 |
Trade name for company –
(CORPORATE & OTHER LAWS)
Please note that what is the legal position for a company to work under trade name(say abc ltd wants to run their busess with trade name t fashions. How company can know whether the same trade name is registered under trade mark act or is there any probihibition on usage of trade name? What are the ws applicable to the company for usage of trade name(say for example there is company with name t fashions pvt ltd then the trade name t fashion- a unit of abc ltd or t fashion- a div. of abc ltd can be used). Please review all legal compliance requirement apart from company w( cludg companies Act,1956). ' BY: sandip shah No answers yet View Answers | Post Answers |
| 10735 |
Jul. 20 2009 |
Sale of used car under TNVAT –
(VAT/Sales Tax)
An assessee (Firm) wants to sell a used car. Whether he has raise an voice and charge VAT or he can just transfer it by way of sale note ? ' BY: Shabbir N K No answers yet View Answers | Post Answers |
| 10721 |
Jul. 17 2009 |
registration of a private limited company –
(CORPORATE & OTHER LAWS)
TWO NRI FEMALES ARE TERED FORMG A PRIVATE LIMITED COMPANY HERE DIA. BOTH OF THEM ARE VISITG DIA OCCASSIONALLY. TO UTILISE THEIR BUSESS CONNECTIONS THEY ARE PNNG TO FLOAT THIS COMPANY. QURIES: 1. IS IT NECESSARY THEY SHOULD BE DIA AT THE TIME OF FORMATION AND REGN OF THE COMPANY WITH ROC? 2. OR ELSE WHETHER THEY FORM THE COMPANY WITH POWER OF ATTORNEY TO SOME OF THEIR IVES DIA AND GET IT REGISTERED WITH ROC? 3. ANY OTHER FORMALITIES TO BE COMPLIED WITH BY THEMSUGESSITIONS? ' BY: t.j.srinivasan No answers yet View Answers | Post Answers |
| 10709 |
Jul. 16 2009 |
Surcharge on M.A.T –
(DIRECT TAXES)
For the fancial year 2008-09, MAT us 115 JB is levied @ 10. Is surcharge leviable on this?Companys come is below Rs.1 crore.kdly crify. ' BY: balasubramanian No answers yet View Answers | Post Answers |
| 10710 |
Jul. 16 2009 |
APPLICABILITY OF SEC 44AB –
(DIRECT TAXES)
A PHYSICIAN WHOSE GROSS RECEIPTS FROM THE PROFESSION IS 12 CKS AND HE HAS PURCHASED MEDICES WORTH 3 CKS. THE GROSS RECEIPTS CLUDE THE COST OF MEDICE DISPENSED. WHETHER COST OF MEDICE OF RS. 3 CK IS DEDUCTABLE TO DETERME THE GROSS RECEIPTS FOR THE PURPOSE OF SEC.44AB. ' BY: CA. JAIN JAWAHAR LAL No answers yet View Answers | Post Answers |
