Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5986 unanswered question(s) — Showing 2761–2780
| Que. Id | Date | Description |
|---|---|---|
| 9725 |
Dec. 27 2008 |
Valuation of stock by survey team u/s133A –
(DIRECT TAXES)
Whether Valuation of stock durg survey U,s 133A at a price other than cost is valid . Whether as assessee can challenge the basis of valuation if A,o does not mention the valuation on ventory list ' BY: suresh kumar chhaparia No answers yet View Answers | Post Answers |
| 9702 |
Dec. 24 2008 |
Opening of Bank Account in India by Liason office foreign company –
(INTERNATIONAL BUSINESS)
A foreign company opened a liason office dia. But it has opened a Savg bank account dia the name of one of the Director for the purpose of receivg remittances from the head office of the company out dia.These remittances are credited to the savg account of the director and all the expenses of the liason office are curred out of it. But, ter is also credited to that account. Whether is it proper to have account the name of director? Whether ter credited will be taxable the hands of the company? What company should do? ' BY: Ratnesh Chand jain No answers yet View Answers | Post Answers |
| 9703 |
Dec. 24 2008 |
Time of claiming TDS –
(DIRECT TAXES)
ABC & Co. a practicg CA Partnership Firm got the appotment as auditors of a Milk Society Ltd (a State Govt. Body) for the F.Y. 2006-07 and commenced the audit Jan2008 and completed April08 and raised the Audit Fee bill (Fee + Service Tax) May08 and got the payment November,2008 after deductg TDS which has been deducted the F.Y.2006-07. other words the Society, compliance with the accountg prciple of Acrrued Basis, has accounted the Audit Fee F.Y. 06-07 and TDS Certificate has been issued accordgly to the Audit Firm. Now the Query is when can the Audit Firm conr the TDS their books of account so as to take its credit its tax computation(IT) and when it has to pay the Service Tax ? ' BY: CA Mallikarjunaiah. B No answers yet View Answers | Post Answers |
| 9707 |
Dec. 24 2008 |
whether depreciation is allowable on Truck received from company on achieving sales target? –
(DIRECT TAXES)
whether depreciation is allowable on Truck received from company on achievg sales target specifically when the assessee has credited the value of truck to the P&L A,c. The company has directly billed the truck the name of assessee. The assessee did not receive the same as prize but as sales promotion centive. The company stead of givg the credit note for the same, gave the Truck to the assessee. The A.O. is sistg that sce no cost (as per section 43(1))has been curred therefore no depreciation should be allowed ' BY: RISHI KUMAR GARG No answers yet View Answers | Post Answers |
| 9694 |
Dec. 22 2008 |
service tax input credit –
(Service Tax)
There is the software devt. co. which has huge amount of service tax put paid on software support services, and the serice tax output is very less,it is not able to utilise its whole put credit so it wants to know that wheherit can it cim for refund for excess service tax put avaible, if yes what is the procedure and if not what is the time limit for carry forward of such put. ' BY: Sujata M D No answers yet View Answers | Post Answers |
| 9686 |
Dec. 18 2008 |
Correction in Challan payment (Asstt year) –
(TDS/TCS)
The chaln for TDS is beg wrongly deposited mentiong Asstt year 2008-09, while it should be Asstt year 2009-10. How the same can be corrected, the banks are refusg the enterta the correction showg their ability for the same. Kdly mention the process where we can get the chaln corrected. ' BY: P K Agrawal No answers yet View Answers | Post Answers |
| 9683 |
Dec. 17 2008 |
SERVICE TAX –
(INDIRECT TAXES)
Is Service Tax applicable for Charitable stitutions? . (i.e) Can Charitable stitutions collect service tax for the Services provided by them? ' BY: BALAJI ELANGOVAN No answers yet View Answers | Post Answers |
| 9677 |
Dec. 16 2008 |
DEDUCTION FOR HRA AND Housing Loan Interest & Instalment –
(DIRECT TAXES)
I am stayg at Mumbai, and my dependent parents are stayg at gujarat, where I have purchased a rential house for them. I am a service css person and cimg HRA for rent paid by me Mumbai. Can I cim HRA exexmption and Housg Loan ter and Priciple amount repaid as deduction simulteniouly. ' BY: Hitesh No answers yet View Answers | Post Answers |
| 9670 |
Dec. 11 2008 |
treatment of money deposited under post saving bank account –
(DIRECT TAXES)
I would like to know whats the treatment of amount and ter deposited for 6 yrs post savg account each year and on the date of receive of both ter and prcipal after 5 years. ' BY: swati No answers yet View Answers | Post Answers |
| 9671 |
Dec. 11 2008 |
CLUBBING OF INCOME U/S 64(IV), EXPL.NO.2 –
(DIRECT TAXES)
An assessee gifted his fund to her wife partnership firm which he is not partner. His wife earned ter on the gifted fund.Now Assessg Officer wants to club the ter of Wifes Capital Assessees come u,s 64(iv),Expnation . Whether the action of the Assessg Officer is justified? ' BY: SUNIL KUMAR KHANNA No answers yet View Answers | Post Answers |
| 9664 |
Dec. 10 2008 |
SERVICE TAX APPLICABLE ONCO OP SOCY –
(INDIRECT TAXES)
IS SERVICE TAX APPLICABLE ON NANCE CHARGES LEVIED BY 1. A CO. OP HOUSG SOCY LTD. 2.A COMMERCIAL PREMISES CO OP SOCY LTD ON WHAT PART OF THE NACE BILL IS IT LEVIED ANY EXEMPTIONS AVAIBLE ' BY: KUSHAL S. HEGDE No answers yet View Answers | Post Answers |
| 9665 |
Dec. 10 2008 |
penalty u/s 271 (1) (c) –
(DIRECT TAXES)
IS DISALLOWANCE OF EXPENSES APPLICABLE FOR PENALTY U,S 271(1)(c)ARE THERE ANY CASE WS WHERE IT IS NOT PERMISSIBLE TO LEVY THE PENALTY AND WHAT IS THE T POSITION ON THE SAME ' BY: KUSHAL S. HEGDE No answers yet View Answers | Post Answers |
| 9667 |
Dec. 10 2008 |
TDS on Leased Line Charges paid to Telephone / Other Companies and Port Charges paid by companies ot –
(TDS/TCS)
I would like to know whether the port charges paid by a company other than telecom company to BSNL would attract the provisions of 194C or any other TDS provision. I would also like to know whether the leased le charges paid to telecom or other companies would attract the provisions of section 194I. As per a Hdu paper articleon 21st January 2008, it might attract 194I. ' BY: Prabhakaran.S No answers yet View Answers | Post Answers |
| 9660 |
Dec. 09 2008 |
Freight outward service credit applicability –
(Service Tax)
For freight outward, whether one can pay service tax and takg credit is possible or not? Suppose my supplier has not put freight separately the bill then what steps i have to take? And supplier puts freight but not cluded service tax? pese advice me ' BY: SUDHAKAR.S No answers yet View Answers | Post Answers |
| 9662 |
Dec. 09 2008 |
VAT –
(VAT/Sales Tax)
Hi, I would like to know whether a transport service provider New Delhi NCR can charge both service tax and VAT on the full amount of the voice? Even if not, wether on can charge VAT beg a service provider as transporter. ' BY: Siddharth Nawal No answers yet View Answers | Post Answers |
| 9650 |
Dec. 08 2008 |
PAN –
(DIRECT TAXES)
HOW TO CANCEL THE PAN NO ALLOTED TO A PVT TRUST WHEN THE TRUST HAS BEEN SETTLED ' BY: ANIL KUMAR MUNDHRA No answers yet View Answers | Post Answers |
| 9651 |
Dec. 08 2008 |
HRA deduction - Clarification required –
(DIRECT TAXES)
Hi, I refer to Section 10(13A) and rule 2A of come tax act, 1961 regardg HRA deduction. I re Mumbai ft on rent. I have a written Rent deed executed with ndlord. My family stays Delhi ft on rent. I have a written Rent agreement executed with ndlord. Can I cim HRA deduction on total rentals paid for both the houses ? come tax act, 1961 does not specifically mention anythg this regard. Requ if someone can crify on this. Regards, Rivneet Chadha rivneet@gmail.com ' BY: rivneet chadha No answers yet View Answers | Post Answers |
| 9653 |
Dec. 08 2008 |
HRA deduction - Clarification required –
(DIRECT TAXES)
Hi, I refer to Section 10(13A) and rule 2A regardg HRA deduction. I re Mumbai ft on rent. I have a written Rent deed executed with ndlord. My family stays Delhi ft on rent. I have a written Rent agreement executed with ndlord. Can I cim HRA deduction on total rentals paid for both the houses ? come tax act, 1961does not specifically mention anythg this regard. Requ if someone can crify on this. Regards, Rivneet Chadha ' BY: rivneet chadha No answers yet View Answers | Post Answers |
| 9656 |
Dec. 08 2008 |
Direct Tax Code –
(DIRECT TAXES)
What is the status of Direct Tax Code which was supposed to be troduced this year.. can anybody crify? ' BY: P V Ravishankar No answers yet View Answers | Post Answers |
| 9657 |
Dec. 08 2008 |
Claim of Tax deducted overseas by domestic companies +procedures –
(DIRECT TAXES)
Case of come accrug out dia, Tax has been deducted . Please let us know the procedure and documents required to cim the Tax deducted our regur tax assessment. ' BY: R Sreenivasa No answers yet View Answers | Post Answers |
