Sebi offers a way over FPI tax rule hurdle
You can add further comments to your query by clicking on "Add Comment".
This link will appear only, if you are logged-in with your user id and password. The same will appear as
"Querist Comment" on the Forum.
Click here to Post your Query >>5986 unanswered question(s) — Showing 2801–2820
| Que. Id | Date | Description |
|---|---|---|
| 9609 |
Nov. 26 2008 |
Difference in the Name of Auditor in the return of income –
(DIRECT TAXES)
Dear sir ,one of our new client , while filg their urn of come for the A.Y. 2008-09 , by mistakely they given the name of their previous Auditor stead our name, we are appoted as the auditors for this year , they approched us that a mistake happend from the part of their accountant, he just copied the basic details from st year without lookg this year statments and reports. Sir, what we can do this case?. ' BY: joji jose No answers yet View Answers | Post Answers |
| 9610 |
Nov. 26 2008 |
CPE HOURS CREDIT –
(MISC.)
CAN ANYBODY TELL ME FROM WHERE I CAN KNOW MY TOTAL CPE CREDITS ' BY: PRITI DODRAJKA No answers yet View Answers | Post Answers |
| 9597 |
Nov. 23 2008 |
Revised Return of Service Tax for the Half year ending 30/09/2008 –
(Service Tax)
We have already submitted service tax urns for the Half year endg 30,09,2008 of a Bank without cimg put Service tax credit. We have deposited monthly service tax without cimg put Cenvat Credit.Now we want to cim the put service tax creditfor the first half 30,09,2008. we have not exercised the option of cimg 100 % put credit and payment of 8.24% on Non taxable Services with the service tax department. Now whether we can cim put Credit for the first half 30,09,2008 and submit revised urns.Whether we should cim refund or adjust it with service tax payment of next month.Also whether we can cim put credit for the second half of F.Y.2008-09 (whether we should exercise the option with Service Tax Department. ' BY: Mahesh Sangappa Alange No answers yet View Answers | Post Answers |
| 9598 |
Nov. 23 2008 |
Treatment of inter society transactions in the books and for incometax purposes –
(DIRECT TAXES)
There are two societies runng educational stitutions under the same management.The funds of one society is used,some times even more than Rs 20000 cash for capital and revenue expenditures of the other society more frequently and vice versa.so each society has the account of another its books.The amount received may either be shown as loan received (on theliability of bance sheet) or contribution from other society(on the credit of come and expenditure account).simirly the amount paid can be shown as advance made(on the asset of bance sheet) or application of come by way of donation to other stitutions havg simir objects(on the debit of come and expenditure account).which is the preferable way of accontg treatment? Or there any other way of accountg and come tax treatment ' BY: k.p.vasanthakumar No answers yet View Answers | Post Answers |
| 9595 |
Nov. 22 2008 |
want to edit my profile –
(MISC.)
Sir,Mam, I want to edit my profile, but i cant edit my profile because whenever i use it the membership column i cant use, may be it is bloked. Please sugg me Abhenov Baid ' BY: Abhenov Baid No answers yet View Answers | Post Answers |
| 9594 |
Nov. 21 2008 |
Audit in case of Derivative in Shares –
(AUDIT)
Now these days case comes to notice when d. deals shares. My query is: One person deal derivative and bear 35 c and Rs.2 c is delivery transaction. Further he earn Rs.5 c from other busess. Is he liable to Tax Audit. What will be criteria? Is STT benefit avaible to him? Can he set off his from other busees? ' BY: sanjay garg No answers yet View Answers | Post Answers |
| 9591 |
Nov. 20 2008 |
PROCEDURE FOR VAT REGISTRATION AND DOCUMENTS REQUIRED FOR IT –
(VAT/Sales Tax)
MAY I KNOW THE DOCUMENTS AND PROCEDURE REQUIRED FOR VAT REGISTRATION UNDER GUJARAT VAT ACT ' BY: LOKESH JAIN No answers yet View Answers | Post Answers |
| 9586 |
Nov. 19 2008 |
Deemed Dividend –
(MISC.)
A private limited company has accumuted free reserves of Rs.50 cs. Two directors havg substantial ter the said company take loan of Rs.50 cs each with a period of one month. Are they both liable to pay tax on deemed dividend of Rs.1 crore even though the accumuted reserve is only Rs.50 cs. Please crify ' BY: Ethirajan No answers yet View Answers | Post Answers |
| 9587 |
Nov. 19 2008 |
VAT Audit –
(INDIRECT TAXES)
Dear sir whether w have to file soft copy with the departmen of the vat audit report new form 704 ' BY: Ashok No answers yet View Answers | Post Answers |
| 9588 |
Nov. 19 2008 |
applicability of Sec 40A(3) –
(DIRECT TAXES)
One our assesse a trust, has constructg a buildg , they make payments through cash exceedg Rs. 20000,- for purchasg sand , cement etc. whether it will attract the provisions of sec. 40A(3) ' BY: joji jose No answers yet View Answers | Post Answers |
| 9579 |
Nov. 15 2008 |
Payment of Arrangement fees for ECB to HSBC, London by an Indian Company –
(TDS/TCS)
Whether any tax is to be deducted at source from the payment made to the foreign bank out dia( HSBC) as arrangement fees,bank charges for External Commercial Borrowgs raised by an dian Compnay. What would be the situation if the payment is made to the Foreign branch of State Bank of dia,ICICI Bank ' BY: NIRDOSH KUMAR No answers yet View Answers | Post Answers |
| 9581 |
Nov. 15 2008 |
Development Agreements –
(DIRECT TAXES)
a Development agreement, the owner of the nd gives General Power of Attorney (GPA) to the developer and allows the developer to construct Fts. The Owner of the nd and developer shares the constructed fts. The Owner of the nd gets constructed fts as conration. The conration beg kd, its value would be ascertaed by takg what the remag share of fts have fetched to the developer. Whether the cost of constructed Fts given by the developer can be cimed as a deduction u,s 54 of come Tax Act, 1961 the hands of the nd owner? ' BY: CA.V. Sundararajan No answers yet View Answers | Post Answers |
| 9572 |
Nov. 14 2008 |
TDS on Bank/Letter of Credit Charges to Bank/FI –
(DIRECT TAXES)
Whether TDS is to be deducted on Bank Charges or charg for openg or extendg of letter of credit to banks or FIs. Please provide exceptions, if any. ' BY: Mukesh Soni No answers yet View Answers | Post Answers |
| 9578 |
Nov. 14 2008 |
Sharing net profit among partner in Chartered Accountants partnership firm. –
(MISC.)
Can a person become partner C A Partnership Firm without sharg overall profit of the firm ? or can he is sharg the profit of the the field which he is workg the partnership firm or can it is possible that one person can become partner the partnership firm only receivg remunaration from the partnership firm, without sharg profit? ' BY: Shivlal No answers yet View Answers | Post Answers |
| 9567 |
Nov. 13 2008 |
WHETHER BENIFIT OF 80 IB ( 11 A ) WILL ENTERTAIN –
(DIRECT TAXES)
AN ASSESSEE WANTS TO BLISH WAREHOUSE . HE WILL GIVE THE WAREHOUSE ON RENT TO THE COMPANY. COMPANY WILL KEEP GRA & PULSES LIEU OF THIS ASSESSEE EILL RECEIVE RENT . 1) SIR WHETHER THE ASSESSEE MEANS PROPRIETOR PARTNER OR HUF 2) WHETHER HE WILL GET 100 % FIRST FIVE YEAR UNDER THIS SECTION 3 ) WHETHER ANY OTHER SECTION ED TO MY QUERY WILL BE ALLOWED SO THAT HE CAN GET MAXIMUM DEDUCTION ' BY: ASHISH AGRAWAL No answers yet View Answers | Post Answers |
| 9568 |
Nov. 13 2008 |
TDS on reimbursement of expenses to employees –
(TDS/TCS)
The employees of the company hire car for official purposes and cim a reimbursement of expenses. The value of the bills is excess of Rs.20000 per transaction and Rs.00 annually. The employee pays the car owner directly and cims reimbursement of the expenses from the company. There is no contract between the employee and the owner of the car. Quions: 1) Is TDS required to be deducted u,s 194C as there is no contract between the car owner and the company? 2) Is Section 194-I applicable as there is no rent paid for machery, pnt, equipment, furniture or fittgs? ' BY: Pranesh Raj Mathur No answers yet View Answers | Post Answers |
| 9570 |
Nov. 13 2008 |
Deduction of TDS on a bill of Freight through private operator where total billis for Rs.55000/- how –
(TDS/TCS)
THIS CASE IF THE TOTAL AMOUNT OF AGENCY COMMISSION DURG THE YEAR DOES NOT EXCEED rS. 0,- WHETHER ANY TDS LIABILITY IS THERE ON THE ASSESSEE. ' BY: R.K.KHANNA No answers yet View Answers | Post Answers |
| 9563 |
Nov. 12 2008 |
Service tax on Cresing of rocks –
(Service Tax)
Dear Sir My client hase work of cresg of rocks and paid some lease amount to me holder. is he lible to pay service tax under the category of mg services. If he is liable than what is the value of taxable service. ' BY: pradeep jain No answers yet View Answers | Post Answers |
| 9566 |
Nov. 12 2008 |
WHETHER BENIFIT OF 80 IB WILL ENTERTAIN –
(DIRECT TAXES)
A PERSON ( DIVIDUALOR HUF ) HAS CARRYG MANUFACTURG PROCESS .HE IS REGISTERED UNDERE SSI UNIT & ALSO CLIAM THE SUBSIDY FROM GOVT AGENCY ).THEY PURCHASE THE TOOR , MOONG , CHANA AFTER MFG,PROCESSG NEW PRODUCT TOOR DALL ,MOONG DALL , CHANA DALL & BY PRODUCT KHANDA & CHUNNI BHUSI ( CATTLE FEED ) . NOW MY QUESION IS A)WHETHER HE WILL GET THE BENIFIT OF 80 IB B) WHAT IS MEANG OF ASSESSEE UNDER 80 IB WHETHER THE DIVIDUAL OR HUF WILL BE CONRED FOE ASSESSEE 1 ) WH ' BY: ASHISH AGRAWAL No answers yet View Answers | Post Answers |
| 9553 |
Nov. 10 2008 |
Reply to the Statutory Auditors Report –
(AUDIT)
Sir, one of the audits of PSU we have quaified our report as the qualifications taken together substantially effect the results of the Company do not give a true and fair view conformity with the accountg prcipals generally accepted dia The DirectorsReport does not clude replies and expnation to this pot. We have brought to the notice of the concerned and how to proceed further the matter, case no reply is submitted. Charan Dass Sharma ' BY: Charan Dass Sharma No answers yet View Answers | Post Answers |
