Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5986 unanswered question(s) — Showing 2821–2840
| Que. Id | Date | Description |
|---|---|---|
| 9554 |
Nov. 10 2008 |
Billing in USD –
(INTERNATIONAL BUSINESS)
Dear friends, Can an dian party bill USD to its foreign customer for the supply of goods , services with dia. (to the dian clients of the foreign customer). Is this allowed FEMA & under which notification , regution? ' BY: Vishal D Shah No answers yet View Answers | Post Answers |
| 9555 |
Nov. 10 2008 |
DEDUCTION U/S 54 OF IT ACT –
(Capital Gains)
My client, a female, had 2828 sq. yds of vacant nd.This nd vacant nd was gifted by her father to her the year 1960.My client has given the said property for development on 60-40 basis the year 2003. Forty% to my client and sixty% to the developer. The developer has given accordgly the built up area of rential accomodation admeasurg 16855 sq ft plus 6855 sq ft of shoppg area the ground floor. While givg the rential area the developer had given different floors( 4 floors)of the said 16855sq ft of built up rential area. all it came to 16 apartments 4 floors. But it is one sgle complex only. Can you pl tell me exemption u,s 54F would be avaible for my client. If so can u pl supplement with some case ws. Time barrg case pendg befor authorities. ' BY: AVASARALA SRINIVASARAO No answers yet View Answers | Post Answers |
| 9556 |
Nov. 10 2008 |
BASIC EXEMPTION LIMIT AND DEDUCTION U/S 80C –
(DIRECT TAXES)
Dear sir one person approched me that , he won a lottery worth Rs. 10 khs st month , The Government deduted TDS for the lottery amount. The annual come of him nearly Rs.50,000,- only. sir my doubt , whether he got basic exemption limit of Rs. 100,-(for the entire amount of come. and He is ready to v Rs. 100000,- for gettg deduction U,s 80C , whether he is eligible for deduction U,s 80C and basic exemption limit. ' BY: jojijose No answers yet View Answers | Post Answers |
| 9548 |
Nov. 07 2008 |
TDS deduction on purchase of SAP Software –
(TDS/TCS)
case one company purchase SAP softwares and account for the same his books as Asset. Whether the company deduct TDS from the amount of SAP Software purchase while makg payment. ' BY: Niraj No answers yet View Answers | Post Answers |
| 9546 |
Nov. 06 2008 |
Fines and penalities applicable in case of late filing of TDS returns –
(TDS/TCS)
A firm though deducted and deposited TAx correctly but failed to file its TDS urns for the year 2007-08 till date . Kdly sugg what will be its repercussions? ' BY: anju sharma No answers yet View Answers | Post Answers |
| 9535 |
Nov. 03 2008 |
Filing of Belated return –
(MISC.)
I have to file the beted urn for the ass year 2007-2008. how can I proceed further? ' BY: manoj karandikar No answers yet View Answers | Post Answers |
| 9536 |
Nov. 03 2008 |
mef04933 –
(MISC.)
For MEF04933, for 2007-2008, my category was IV SP. FOR the year 2008-09, my ma occupation was wrongly given my MEF as if I am not practice and catagory given to me is PART -2. Email sent to mefquery@icai. to change the occupation details, was failed and urned to my ID. I am practice sce 1999. Is it possible to change my occupation details? ' BY: C GURUSAMY No answers yet View Answers | Post Answers |
| 9524 |
Oct. 30 2008 |
capital charge –
(FINANCIAL MANAGEMENT)
how to calcute capital charge for the evaluation of a project, to get fancial assistance from bank. what are the acceptable percentage of capital charge. ' BY: Tarak Nath Datta No answers yet View Answers | Post Answers |
| 9522 |
Oct. 29 2008 |
HUF OR INDIVIDUAL INCOME –
(DIRECT TAXES)
A person received family pension (amount received after the death of the spouse for family nance). My query is whether the same can be treated as HUF come sce the same was utilised for the family members. ' BY: RAMANA No answers yet View Answers | Post Answers |
| 9523 |
Oct. 29 2008 |
Set off of carry forward losses... –
(DIRECT TAXES)
Is it mandatory to set off the carry forward of es with current years profit?? Can the unabsorbed es be carried forward by the assesse, without knockg it off agast the current years profit.... Further, can unabsorbed depreciation of earlier years be knocked off agast LTCG of current year?? ' BY: AMIT ARVIND HUNDIA No answers yet View Answers | Post Answers |
| 9520 |
Oct. 27 2008 |
PAYMENT OF COMMISSION TO NON-RESIDENT AGENT-EXPORT –
(DIRECT TAXES)
WHETHER PAYMENT OF COMMISSION TO THE NON-RENT AGENT -FOR EXPORT ACTIVITIES IS LIABLE TO TDS? ' BY: NIRDOSH KUMAR No answers yet View Answers | Post Answers |
| 9521 |
Oct. 27 2008 |
BUSINESS DEDUCTION –
(DIRECT TAXES)
Please guide me on allowability of expenditure curred on construction of a immovable property like buildg under BOT agreement. This agreement will enable the builder to build a buildg on nd owned by other and enjoy the property for 20 years and transfer the nd and property to the nd owner free of cost. ' BY: SRI SUBBARAYA GOPAL GUPTA KANE No answers yet View Answers | Post Answers |
| 9514 |
Oct. 23 2008 |
refund of excess paid servie tax. –
(Service Tax)
one of my client runng rice mill wrongly paid excess service tax for the l ast 3 years. the amount comes around rs 1 kh. can he cim refund. if sowhat is the procedure and what are the forms to be used for that purpose. is there any time limit for cimimg refund. treat this as urgent and reply to me immediately. thank u ' BY: v.jayaprakash No answers yet View Answers | Post Answers |
| 9507 |
Oct. 22 2008 |
disclosure –
(DIRECT TAXES)
An Item about which disclosure is required to be made under come Tax urns for companies but not mentioned schedule VI of the Companies Act 1956. ' BY: Monika Gupta No answers yet View Answers | Post Answers |
| 9508 |
Oct. 22 2008 |
VAT & Service Tax –
(INDIRECT TAXES)
After recent clusion of software service service tax all the software product are subject to sales tax as well as wervice tax on 100% of the value? Careful readg of service tax says only customised software are subjected to service tax. Needs some crification on this. ' BY: R Gowrisankar No answers yet View Answers | Post Answers |
| 9509 |
Oct. 22 2008 |
section 80IB in survey case –
(DIRECT TAXES)
can a assessee cim deduction u,s 80IB for surrendered come durg survey. surrender is excess stock and cash. as per 80IB dedu.can be cimed from BUSESS COME from eligible busess. can surrender come be treated as busess come. PLZ GIVE CASE WS, if any ' BY: rakesh No answers yet View Answers | Post Answers |
| 9510 |
Oct. 22 2008 |
TDS on Freight –
(TDS/TCS)
If one seller(A) sells goods to purchaser(B) and on bill he charges seperately for freight and total amount as receivable from party. Freigt paid by A to transporter and transporter delivered goods to B without further takg any amt.from B. Who is liable to deduct TDS A or B? If A (Bcoz he pays to transporter) then what about books of B. Becoz the books of B purch.will be of net amt.and freigt will be accounted seperately.so P & L A,c will be debited by freight. And books of A there will be no debit to P & L as he charges for frt and actualy paid same to transportr and account remas NILL.My que.is that Who is liable for dedction is one who pays or one who actually charges as expenditure.Is ur answer changes if A makes voice as gross amt.less freight and freight actually paid by purchaser B? Then books of A there are 2 options: B..Dr 90, to sales 90 OR B..Dr.90 and freight Dr.10, to sales 100. Also what would be implications books of B. this type os sale generally er pays for freight and seller do deduction from sale price. Plz make all answers.All are route and I have made combations as that come actually real life for tax audit purpose ' BY: CA RAKESH GUPTA No answers yet View Answers | Post Answers |
| 9501 |
Oct. 21 2008 |
clearing & Forwarding Charges –
(TDS/TCS)
we are received a bill from clearg agent as collum receipt and non receipt items and service tax charges than comes gross item. this case, we are deducted tds on gross this is wrong or right ' BY: RAJEEV KUMAR JHA AMIR No answers yet View Answers | Post Answers |
| 9502 |
Oct. 21 2008 |
clearing & Forwarding Charges –
(TDS/TCS)
A contractor normally raises bill on his contractee for the amount agast contract work done and the service tax thereon as applicable accordg to the w of the nd. Whether TDS should be deducted from such bill on the amount clusive , exclusive of service tax? Please provide section or case w if any this matter.and TDS on receipt amt.(reimbursed of expeses,charges)yes or not ' BY: RAJEEV KUMAR JHA AMIR No answers yet View Answers | Post Answers |
| 9503 |
Oct. 21 2008 |
accounting and taxation of trading in equity shares by individual –
(Profits & Gains of Business & Profession)
how to go about preparg the profit and a,c(what are the expenses allowed) and bance sheet of dividual g and sellg of equity shares through stock broker and tax audit report if turnover exceedg 40 khs. ' BY: Umakanth Rao S M No answers yet View Answers | Post Answers |
