Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5986 unanswered question(s) — Showing 3021–3040
| Que. Id | Date | Description |
|---|---|---|
| 9076 |
Jun. 18 2008 |
income from Guest house –
(DIRECT TAXES)
If a company dealg travel and gu house busess (a) Company let out the buidlg and earn Rent & nance charge, whether company can cim 30% deduction agast house property, Depreciation and expense curred for nance of the gu house. ( case of owned Gu House) (b) Company is havg leased buildg which is used for Gu House purpose and earn Rent and nance charges, whether company can cim, Depreciation and expense curred for nance of the gu house. (c) The company also let our the aforesaid property, when it is not used by the party from whom company is chargeg rent and nance charges Please exp if all three crieteria are satisfied. Regards, CA Ramanand Jha ' BY: Ramanand Jha No answers yet View Answers | Post Answers |
| 9078 |
Jun. 18 2008 |
Applicability of accounting standards –
(CORPORATE & OTHER LAWS)
Is there any change the applicability criteria of accountg standards. whether the disclosure requirements for any company still depends upon the level of the enterprise i.e. Level 1, 2 or 3. ' BY: Rashim No answers yet View Answers | Post Answers |
| 9062 |
Jun. 17 2008 |
Salary from China –
(Income From Salary)
My client have received sary from dia and also from Cha. He is Rent. TDS have been deducted dia and Cha also. Whether both the TDS will be adjusted and if TDS is more than the tax liability whether he is eligible for refund. ' BY: Girish Kumar No answers yet View Answers | Post Answers |
| 9063 |
Jun. 17 2008 |
CA OFFICE IN RESIDENTIAL HOUSE –
(MISC.)
KDLY LET ME KNOW THE ANY CASE WITH ELECTRIC DEPT. REGARDG C A OFFICE HOUSE IS NOT A COMMERCI ABLISHMENT FOR CHARGG ELECTRIC AT COMMERCIAL RATES. ' BY: R K BANSAL No answers yet View Answers | Post Answers |
| 9064 |
Jun. 17 2008 |
Rate of Exchange for conversion of foreign payments –
(DIRECT TAXES)
We are the process of releasg a payment out of dia of USD 1 million. sce the payment covered under FTS per do-US DTAA, tax is required to withhold before releasg the payment. Also, TDS has to be deposited R with dian Government. What is the prescribed Rule for determg the exchange rate for convertg the remittance amount to R. can we take the rate of the date of deduction. Whether Rule 115 is applicable for this payment or not. Please Crify. CA. Ashish Garg ' BY: Ashish Garg No answers yet View Answers | Post Answers |
| 9066 |
Jun. 17 2008 |
can a father gift his immovable property to his child and get a benefit of indexed cost –
(DIRECT TAXES)
i want to know that can a father gift his property to his child and get a dexed cost benefit and also what is the costg of property for the child and what is the procedure required at that time. if the cost of purchase is 20,00,000.00 2003-04 cost of improvement Rs. 400.00 2006-07 so what is the cost for child for the purpose of imcome tax ' BY: amit agarwal No answers yet View Answers | Post Answers |
| 9067 |
Jun. 17 2008 |
NRI CAN BUY AGRICULTURE LAND IF YES THEN GIVE THE FULL DETAILS –
(INTERNATIONAL BUSINESS)
NRI (HELD AGRICULTURE ND BEFORE HE BECOME NRI) NOW WISH TO SOME MORE AGRICULTURE ND CAN HE DO SO? FEMA SOME PRESS NOTE THAT HE CAN DO FLORICULTURE, HORTICULTURE ETC. THAT CONECTION CAN HE THE AGRICULTURE ND? ' BY: AKHIL THAKKAR No answers yet View Answers | Post Answers |
| 9068 |
Jun. 17 2008 |
Whether Deduction U\s 80IB for hospitals having a minimum of 100 beds for all branches put together –
(DIRECT TAXES)
A private limited company derivg profits from a busess of operatg and matag a hospital havg branches four pces, proposed to construct a new branch durg the Fancial year 2008-2009.Whether 80IB deduction avaible for this, if they have a total of 100 beds for patients put together all its branches. ' BY: M.P.PANNEERSELVAN No answers yet View Answers | Post Answers |
| 9069 |
Jun. 17 2008 |
Can provision for decline in investment of subsidiary be factored in evaluating Investment by parent –
(CORPORATE & OTHER LAWS)
We have a parent companyA and Subsidiary B. SubsidiaryB has a subsidiaryC and some other subsidiaries.Goodwill on acquisition of Company C was impaired to some extent at the time of consolidation at company B level. At stand alone level company B has provided for provision for decle Long term vment CompanyC. Now the quion is Whether the Company A also has to provide for decle long term vment company B even if the company B has some vments other companies addition to companyC ' BY: Phani Kumar Gupta.Penjarla No answers yet View Answers | Post Answers |
| 9050 |
Jun. 16 2008 |
ARTICLE STIPEND IS EXEMPT FROM TAX –
(DIRECT TAXES)
PLEASE ADVICE ME UNDER WHICH SECTION STIPEND FOR ARTICLE IS EXEMPT FROM TAX IF IT IS ' BY: PURUSHOTTAM PRASHAR No answers yet View Answers | Post Answers |
| 9051 |
Jun. 16 2008 |
REPAYMENT OF NOTICE PERIOD SALARY IS EXEPMT OR TAXABLE –
(DIRECT TAXES)
ONE PERSON RESIGNED FROM OFFICE DUE TO THAT HE PAID RS. 40000,- AS NOTICE PERIOD AMOUNT MY QUION IS THAT IS THAT AMOUNT SHOULD BE REFLECTED THE FORM 16 OF THE PERSON LEFT AND HE GET A DEDUCTION OF THE SAME FOR TAX DEDUCTION OR NOT ' BY: PURUSHOTTAM PRASHAR No answers yet View Answers | Post Answers |
| 9052 |
Jun. 16 2008 |
LOSS ON SALE OF SHARES IN NBFC (INVESTMENT COMPANY) –
(INDIRECT TAXES)
RESPECTED SIRS,MEDUM MY CLIENT IS NBFC VMENT COMPANY AND ON SALE OF SHARES SHOWN AS BUSESS COME AND BANCSHEET VMENT HAD NOT SHOWN AS CURRENT ASSETS AND ITO WOUNT TO TREAT AS LONG TERM CAPITAL NOW WHAT TO DO ? ' BY: KIRTI No answers yet View Answers | Post Answers |
| 9053 |
Jun. 16 2008 |
service tax on reimbursement maintainance expenses –
(DIRECT TAXES)
hi, Please crify my doubt. A is a lessor, leased buildg to different software companies. He chargres Rent from Lessees, which is clusive of service tax. The out party B Provides matace serivices like Secuirty, AMC etc. and raises voice agast lessor. The lessor will get reimbursement from the lessees proportion of area occupied. My doubt is Lessor is libale for service tax for the above? Can he transfer the service tax paid to service provider to lessee? He is there any differecne if Lessor get reimbursement of mataance charges Per square feet from the lessee? Please specify any case w. notification? thank you ' BY: ch.Ramesh No answers yet View Answers | Post Answers |
| 9054 |
Jun. 16 2008 |
Fringe Benefit Tax –
(DIRECT TAXES)
bour Welfare and bour Transportation are liable to FBT ? ' BY: brajesh Kumar No answers yet View Answers | Post Answers |
| 9055 |
Jun. 16 2008 |
What is ITR Form No. for Salaried persons with NIL income from SOP? –
(DIRECT TAXES)
There is some confusion as to the appropriate ITR no. applicable to employees who are otherwise entitled to use ITR 1 but are havg SOP with NIL come. I thk that ITR 2 has to be used but I may be wrong. The rules and structions do not appear to conta clear structions but the scheme of the Act seems to require the assessees to disclose the particurs of the house property though the come is NIL. ' BY: PRAKASH HEGDE N No answers yet View Answers | Post Answers |
| 9059 |
Jun. 16 2008 |
IS INTEREST ON LOAN TAKEN FOR INVESTMENT PURPOSE DEDUCTIBLE FROM STCG –
(Capital Gains)
IF A PERSON TAKES LOAN AND V SHARES & HAS BOTH STCG AS WELL AS LTCG, CAN HE CIM DEDUCTION FOR TER ON LOAN PAID AGAST STCG? IF YES SUPPORTG CASE WS & UNDER WHICH SECTION AND WHAT PROPORTION? ' BY: RITESH AGARWAL No answers yet View Answers | Post Answers |
| 9045 |
Jun. 14 2008 |
turnover for the purpose of section 44AB of IT act –
(AUDIT)
What does the term Turnover means with the specific reference to section 44AB of IT ACT? ' BY: vikash kumar jain No answers yet View Answers | Post Answers |
| 9046 |
Jun. 14 2008 |
remission of CST/MVAT –
(DIRECT TAXES)
Dear All, If entire VOICE amount is written off the books of the company, can MVAT,CST liability reduced to that extent. Please answer. Ajay Sagare Pune ' BY: Ajay Bhalchandra Salagare No answers yet View Answers | Post Answers |
| 9047 |
Jun. 14 2008 |
Formation of Trust –
(MISC.)
Dear Sir I want to form a charitable trust . which I will contribute Rs 1.00 c itially and 3-4 of our family member will be the trustee alongwith me as Author of the trust. I want to know on what amount of Stamp paper trust deed will be wi\ritten. Where it will be registered while I am residg churu district rajasthan . What’s the process for gettg registered under come tax for tax benefit u,s 80g .Pls guide me detail. Can I get any draft of charitable trust deed which is acceptable by IT Deptt. For Registration u,s 12A ' BY: amit No answers yet View Answers | Post Answers |
| 9049 |
Jun. 14 2008 |
Raid cases –
(DIRECT TAXES)
Dear Sir raid cases u,s 132 of IT Tax at what rate tax is imposed whether it is 60% or 30% . and whether this rate clusive of Penalty etc or not. ' BY: Amit No answers yet View Answers | Post Answers |
