Sebi offers a way over FPI tax rule hurdle
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| Que. Id | Date | Description |
|---|---|---|
| 9439 |
Sep. 17 2008 |
What is the Term RR denote in financial term –
(FINANCIAL MANAGEMENT)
as above ' BY: C.A. Sanjai Kumar No answers yet View Answers | Post Answers |
| 9426 |
Sep. 15 2008 |
Bank audit empanelment form - last date –
(AUDIT)
is there an extention to the st date for submission of the form. ' BY: Deepak Jain No answers yet View Answers | Post Answers |
| 9422 |
Sep. 14 2008 |
Audit not acepted by previous auditor –
(AUDIT)
the reply of previous auditor communication if an auditor written that he has not conducted the audit of the particur Clt than what will be the liability of current auditor Should he refuse the audit or qualify the repot? If qualify, than what should be the qualification note will be? ' BY: ritesh kumar tibrewal No answers yet View Answers | Post Answers |
| 9420 |
Sep. 13 2008 |
Submission of Return by individuals –
(DIRECT TAXES)
Submission of come tax urn by dividuals with tunrover above 40 cs ( under tax audit )- is it mandatory to submit the urns ' BY: Debasish No answers yet View Answers | Post Answers |
| 9412 |
Sep. 11 2008 |
TDS on Contractor's bill –
(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. ' BY: Mohammad Ayub No answers yet View Answers | Post Answers |
| 9413 |
Sep. 11 2008 |
TDS default –
(DIRECT TAXES)
For default deposit of TDS, ter liability is prescribed at 1% for every month or part of the month durg which such default contues. please crify, whether month is to be recognised as calender month or a period of 30 days for above purposes. Please crify with reference of specific provisions etc. Thanks, CA ashish garg ' BY: Ashish Garg No answers yet View Answers | Post Answers |
| 9415 |
Sep. 11 2008 |
Whether a branch of a bank can deduct tax if Interest on F.D. of a financial year is less than Rs. 1 –
(Income from Other Sources)
A branch of A Bank deductg Tax at Source though the amount of ter on Fixed Deposits a Fancial Year is less than Rs.10,000,-. And the branch of that Bank is climg the Decration Form of 15G,15H for not deductg Tax at Source. Quion is whether assessee is bound to submit the Decration Form 15G,15H for not deductg the Tax at Souce? ' BY: ASHOK KUMAR GHOSH No answers yet View Answers | Post Answers |
| 9408 |
Sep. 09 2008 |
listing agreement –
(CORPORATE & OTHER LAWS)
tell me about cuse 41 & 49 of listg agreement of SEBI brief and t changes ' BY: jainendra chhabra No answers yet View Answers | Post Answers |
| 9399 |
Sep. 08 2008 |
Bank audit empanelment –
(MISC.)
Dear sir, please crify what to do when only decration is submitted without ternet acknowledgement.can I submit onceaga along with the ackn.? ' BY: Umesh Bolmal No answers yet View Answers | Post Answers |
| 9398 |
Sep. 07 2008 |
disaster relief fund –
(DIRECT TAXES)
special purpose disaster relief fund is beg created by corporate houses and other organisation such as NGO,dia today,news channels for the assistance of people affected by natural camities.Such organisations are raisg crores of rupees for the welfare of people.Is there any special audit requirement for these funds under the come tax act 1961 or any other act to ensure that these funds are used for the purpose for which funds are collected.Whether taxable or not.what are the procedure to start these type of fund. ' BY: umesh kumar No answers yet View Answers | Post Answers |
| 9397 |
Sep. 06 2008 |
Under West Bengal VAT raw material meaning –
(INDIRECT TAXES)
As per the amendement brought out under the W Bengal Value Added Tax, consumables stores & spares has been excluded for the purpose of cimg VAT put tax Credit. However Vat paid on raw rial and packg rial can be utilised towards payment of Vat. Now one of my client is a producer of jute c. A rial called Jute Batchg Oil ( JBO) is used as an emulsion to soften the raw jute and the oil is also contaed the fal product to the extent of 2 to 3 %. Also as per the ISI Markg requirement the standard set for the content of the oil is 3 %. Should this be regarded as raw rial or consumables stores ? case of further details on the issue, Email it to amit_dalmia@rediffmail.com. ' BY: Amit Dalmia No answers yet View Answers | Post Answers |
| 9395 |
Sep. 05 2008 |
How to calculate depreciation in ITR 4 –
(DIRECT TAXES)
Dear Sir, As per proviso 5 to section 32(1) of come Tax Act,1961, if durg the previous year, any busess has been taken over by pvt ltd company,then as per section 47(xiv), depreciation has to be allowed the ratio of no. of days for which the assets were used by them, my problem is, this case, how to fill depreciation amount the ITR 4 DPM_DOA Sheet for AY 2008-09, as this sheet, depreciation amount is calcutg automatically and no manual alteration is allowed. Thanks Mahendra ' BY: MAHENDRA KUMAR No answers yet View Answers | Post Answers |
| 9390 |
Sep. 04 2008 |
income on sale of shares and MF –
(DIRECT TAXES)
The asesee is a doctor. he has ved a good aount of money through some reputed portfolio management services. and there were more than 1000 transcations of sales and purchase have taken pce by that portfolio management services on behalf of the doctor. At the end of each F.Y. the said transaction were audited and B,s. and P & L accounts were prepared thereof. The Proft and Accounts Reflects as- come from Dividend - Rs. 1000 come from Sale of Shares and MF - Rs. 0 Other Misc. come - Rs. 25 Total come - Rs. 6025 Audit & Consultg Chg - Rs. 250 Management Fees - Rs. 750 STT - Rs. 20 Other Exp. - Rs. 5 Total Exp. - Rs. 1025 Profit Rs. 0 Now my quion is wether the said profit is taxables as Busess come or capital ga. and if it is considred as capital ga the, how these exp. is allowable. Pls. Guide me ' BY: Jimi R. Modi No answers yet View Answers | Post Answers |
| 9388 |
Sep. 03 2008 |
ADDITIONAL DEPRECIATION –
(DIRECT TAXES)
I have made additions to pnt and machery which is eligible for additional depreaciation of 20 % . However durg the year i sold some macheries from my Openg WDV, the sale price of which exceeds the Openg WDV + my additions durg the year, resultg short term capital gas. My query is though my closg WDV is NIL can I cim additional depreciation repsect of the New pnt and machery added durg the year.(simir example has been provided sghania Direct tax reckoner and also sghanias direct taxes w and practice.) ' BY: P.V.SRIRAM No answers yet View Answers | Post Answers |
| 9380 |
Sep. 02 2008 |
CPE Hours –
(MISC.)
I wanted to know my CPE hours from the website ' BY: Kriti Tantia No answers yet View Answers | Post Answers |
| 9382 |
Sep. 02 2008 |
DELHI VAT AUDIT –
(AUDIT)
PLEASE SUPPLY ME WITH THE FORMAT OF DELHI VAT AUDIT REPORT. OR THE SOURCE WHEREFROM THE SAME COULD BE OBTAED FROM WEBSITE ' BY: SURAJ KUMAR CHOUDHURY No answers yet View Answers | Post Answers |
| 9383 |
Sep. 02 2008 |
Amendment in Income Tax Act –
(DIRECT TAXES)
What are the t amendments come Tax Act the st 6 months. ' BY: Pradeep Lahoti No answers yet View Answers | Post Answers |
| 9375 |
Aug. 31 2008 |
MINIMUM ALTERNATE TAX –
(DIRECT TAXES)
A COMPANY IS CHARGG ITS BOOKS DEPRECIATION AS PER THE RATES GIVEN UNDER COME TAX ACT ON W.D.V. METHOD.TILL 31.3.2007 THE COMPANY IS SHOWG ES DUE TO DEPRECIATION BOOKS AND THE ACCUMUTED ES ARE RS.24.00 CS. NOW 2007-08 COMPANY IS CHANGG IS METHOD OF DEPRECIATION FROM THE BEGNG TO THE RATES PROVIDED COMPANIES ACT AS PER STRAIGHT LE METHOD. THIS CALCUTION RS.54.00 CS WILL BE DEBITED TO DEPRECIATION RESERVE AND CREDITED TO PROFIT AND ACCOUNT. MY QUERRY IS THAT WHETHER MAT WILL BE LEVIED ON THE CREDIT SHOWN P&L OF RS.54.00 CS? AND EARLIER YEARS UNABSORBED DEPRECIATION AS PER BOOKS RS.24.00 CS WILL BE ALLOWED AS DEDUCTION WHILE CALCUTG BOOK PROFIT IF RS.54.00 CS IS TAXABLE ' BY: RAVI KUMAR MEHTA No answers yet View Answers | Post Answers |
| 9371 |
Aug. 30 2008 |
Service Tax applicability for on line courses –
(INDIRECT TAXES)
My company is the busess of publishg educational books worldwide. We are the midst of unchg a knowledge portal through which we will provide facilities to students terms of on le study, t,examation etc. My query is to whether, this will attract service tax. Please note that the entire pn will be unched for educatonal purpose only. ' BY: Sujiban Ghosh No answers yet View Answers | Post Answers |
| 9372 |
Aug. 30 2008 |
ESI - Deposit of cheque before due date clerance after due date –
(DIRECT TAXES)
Dear Freds, We have deposited ESI cheque bank before due date i.e 20th of , however cheque cleared on 23rd,what will be the implication of section 2(24) r.w 36(va. If allowable,Please quote case w support of your view. Regards ' BY: Bhuvnesh sharma No answers yet View Answers | Post Answers |
