Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5986 unanswered question(s) — Showing 3041–3060
| Que. Id | Date | Description |
|---|---|---|
| 9042 |
Jun. 13 2008 |
Filing of income tax return by a Liaison office in India –
(DIRECT TAXES)
Whether a liaison office of a foreign Company dia is required to file urn of come dia ? ' BY: KARUNAKARA No answers yet View Answers | Post Answers |
| 9043 |
Jun. 13 2008 |
Qualification in Audit Report –
(AUDIT)
A company has entered to a Rent Agreement for 10 years where it is specifically mentioned that if the company vacates the premises any time before the expiry of 10 years it will have to pay rent for the bance period. Should the company make provision for next years rent and cssify it as CURRENT LIABILITY this fancial year? If yes- now if the management has not made provision for this and just made a mention of it the Notes to Accounts can the Auditor escape his duty of Qualifyg the Audit Report merely due to the fact that the management had mentioned it Notes to Accounts ( Takg the amount of Rent as substantial -around 20% of Net Profit)? ' BY: SANJEEV SATIJA No answers yet View Answers | Post Answers |
| 9044 |
Jun. 13 2008 |
Clubbing of Turnover of Associated Concerns –
(Customs & Excise)
The situation which clubbg of Turnover of Associated Concerns(all are SSI units) is applicable to arrive the CE applicability on the eligible turnover for the F.Y. 08-09? Further what is associated concerns for the purpose of arrivg the CE applicability and exemption limit on turnover for SSI units? ' BY: Mallikarjunaiah No answers yet View Answers | Post Answers |
| 9038 |
Jun. 12 2008 |
Accounting Standard 15 –
(MISC.)
to comply with Accountg Standard 15, need we to get valuation done and certified from a valuer and accordgly make provision the Books of account? Is a Chartered Accountant a valuer who can certify valuation as required under Accountg Standard 15. ' BY: Vasundhara Laad No answers yet View Answers | Post Answers |
| 9040 |
Jun. 12 2008 |
Service tax on restricted money changer services –
(Service Tax)
A ricted money changer havg franchise of a full fledged money changer purchasg and sellg foreign exchange as a proprietorship concern,whher he will have to obta service tax number.As per the present practice he is not chargg service charges. that case he may be required to pay service tax @.25% of transaction value. I thk if he starts issug service charges bill and the service charges are less than Rs 9 cs a year he may not be required to obta service tax number. Whether I am correct Mahesh Aneja ' BY: mahesh aneja No answers yet View Answers | Post Answers |
| 9041 |
Jun. 12 2008 |
DIGITAL SIGNATURE –
(TDS/TCS)
wHAT SORT OF DIGITAL SIGNATURE IS REQUIRED TO BE OBTAED SO THAT THE DEDUCTOR CAN FILE E-TDS URN FROM ITS OWN SYSTEM STEAD OF GOG TO THE T-FACILITATION CENTRE? ' BY: CA..CHITTARANJAN PANDA No answers yet View Answers | Post Answers |
| 9031 |
Jun. 11 2008 |
MVAT on Bad debt –
(VAT/Sales Tax)
Dear All, If entire amount is written off the books of the company, can MVAT,CST liability reduced to that extent. Please answer. CA Ajay Sagare Pune ' BY: Ajay Bhalchandra Salagare No answers yet View Answers | Post Answers |
| 9032 |
Jun. 11 2008 |
Tax Payable status in case of NRI getting Salary from Indian Company. –
(DIRECT TAXES)
Company A Limited is a company registered dia which is workg on various projects out dia. It sends its employees particury for the said projects to the foreign dations for which they are paid Sary and allowances out dia. The Sary and allowances are paid out dia. Under these circumstances whether the company is liable for deduction of tax on Sary to such employees, and whether the allowances they are gettg for livg out dia will be cluded the Sary or not? ' BY: AMAN VOHRA No answers yet View Answers | Post Answers |
| 9033 |
Jun. 11 2008 |
tds challan –
(DIRECT TAXES)
my assessee has deposited the tds for the month of january 08 the month of feb08 before the due date. The clerical mistake made is that he has written the numeric digits of tan wrong i.e. he wrote 7351 stead of 7315 the chaln. eventhe bank has accepted the chaln. on tan enquiry, there is no other assessee found on the 7351 tan. On view of OLTAS on ternet, the tax deposited assessee account was not avaible. Now TDS urn for IV quarter to be filed. Defitely query of non availibilty of chaln will be raised by NSDl. What is the solution for this pot. Kdly sugg the file the urn correctly. ' BY: vikas jain No answers yet View Answers | Post Answers |
| 9035 |
Jun. 11 2008 |
BL DATE IS EARLIER THAN INVOICE DATE –
(MISC.)
can bl date can be earlier than the voice date? ' BY: VIJAYA JHA No answers yet View Answers | Post Answers |
| 9037 |
Jun. 11 2008 |
Minimum fees to be charged by a Chartered Accountant for Audits –
(AUDIT)
What are the sbs as given by ICAI for Mimum fees to be charged by a Chartered Accountant for Audits? ' BY: Kapil Somani No answers yet View Answers | Post Answers |
| 9029 |
Jun. 10 2008 |
Can power generated required to be exported for power sez's –
(INTERNATIONAL BUSINESS)
settg up of a specific sector sez, the product has to be exported as one of the condition, but if the product generated is power, whether an sez can be set up power generation ? ' BY: Vijay Pal Singh Gulya No answers yet View Answers | Post Answers |
| 9030 |
Jun. 10 2008 |
SHOULD INTEREST PAID ON MACHINERY BOUGHT FOR A SPECIFIC CONTRACT BE INCLUDED IN THE COST OF CONTRACT –
(FINANCIAL MANAGEMENT)
A MACHE IS TO BE BOUGHT BY AVAILG LOAN FROM BANK. THE MACHERY IS TO BE USED FOR A SPECIFIC CONTRACT. WHILE REPLYG THE TENDER SHOULD TER LIKELY TO BE PAID ON LOAN FOR MACHERY TO BE CLUDED THE COST OF SERVICE OR NOT. ' BY: CA..CHITTARANJAN PANDA No answers yet View Answers | Post Answers |
| 9019 |
Jun. 09 2008 |
how to convert a number into word –
(MISC.)
how to convert a number to word excel sheet ' BY: ritesh kumar tibrewal No answers yet View Answers | Post Answers |
| 9022 |
Jun. 09 2008 |
Amount Received on Cancellation of Agreement to Sale-Capital Gain –
(DIRECT TAXES)
Please throw some ligth on the provisions g to Amount Received on Canceltion of Agreement to Sale.Assesse recevied some amount over and above the actual amount given to nd owner at the time of makg agreement to sale.The nd owner is now sellg the property to thrid party and that third party is makg some payment to the assesse for canceltion of his agreement to sale.whether it could be treated as sale,transfer of rights immovable property as the asssesse acquired right to purchase the property be way of agreement to sale with the nd owner. Possession was not taken.whether this can be conred as capital gas and consequemtly exemptions U,s 54 will be avaible? Please provide reffernce to some case ws also, if Avaibe. Thankg All anticipation of positive reply. ' BY: Ashwin No answers yet View Answers | Post Answers |
| 9014 |
Jun. 07 2008 |
Procedure for RBI permission –
(INTERNATIONAL BUSINESS)
An NRI client of me is pnng to v a partnership firm dia, but he needs repatriation benefits. I understand that we should obta RBIs specific permission this case. Can anyone tell me where we should apply and what forms are to be used? i am based Kera. ' BY: Anantharaman No answers yet View Answers | Post Answers |
| 9016 |
Jun. 07 2008 |
SERVICE TAX CREDIT - HOUSING COLONY/GUEST HOUSE ? –
(Service Tax)
We are manufacturer of cement. We are erectg a new cement pnt. this project, we have given two contract for Civil construction as follows: Contract 1: Construction of Factory buildg, Factory office, etc. Contract 2: Construction of Housg colony for employees, Gu house. We are availg service tax credit on construction services of factory buildg, factory office. But respect of construction of Housg colony, Gu house, we got a doubt as to avaibility of Service tax credit on this. Please give your opion with relevant sections, rules, or circurs,notifications, if any, for avaibility or otherwise of service tax credit on civil contruction of housg colony, gu house. ' BY: M. PALANI No answers yet View Answers | Post Answers |
| 9012 |
Jun. 06 2008 |
IT return -filling of particulars- Annual Information Return (AIR) Particulars –
(DIRECT TAXES)
1) Please crify if purchase of shares by means of ESOP is to be decred while filg IT urns if it exceeds Rs.1 cs per annum or is it confed only to vment public issue only? 2) Purchase of house exceedg Rs.40 cs- Should be decre at the time of issue of allotment letter by builder when only part amount will be paid which may be less than Rs.40 cs or should it be decred after full conration is paid or only after registartion of sale deed? ' BY: K V Murali No answers yet View Answers | Post Answers |
| 9013 |
Jun. 06 2008 |
Input Credit –
(INDIRECT TAXES)
Assessee is a pvt ltd company regd under service tax under the head Commercial & dustrial Constuction services availed abatement and pays only 33 1,3 of 12.36. Has purhcased capital goods used the above busess. Can the assessee cim put credit (Excise Duty) setoff agast the service tax payable? ' BY: Avinash C No answers yet View Answers | Post Answers |
| 9002 |
Jun. 04 2008 |
to know about the income tax issue relating to a sale of a school owned by eight family members –
(DIRECT TAXES)
A school owned by eight family members is sold for Rs.3.50 crores.The school is an herited property of all these legal heirs. the school origally built up the year 1935. What is the come tax liability the hands of all these eight members. What are the ways avaible to pn the tax burden or to avoid tax liability under the come Tax Act. ' BY: ajithkumar.t No answers yet View Answers | Post Answers |
