Sebi offers a way over FPI tax rule hurdle
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| Que. Id | Date | Description |
|---|---|---|
| 8954 |
May. 26 2008 |
Where company has to Submit Income tax return. –
(DIRECT TAXES)
One Company registered under company Act, 1956, It is currently submittg come Tax urn Addressg The come tax Deppt Delhi where its registered Office situated as per POC Records. Now company wants to submit urn To come tax deptt Bangalore So that it can be assessed Bangalore case of scruty assessments. Please could any person help me clerify the above , How to do That. ' BY: Vipin Kumar Jain No answers yet View Answers | Post Answers |
| 8955 |
May. 26 2008 |
TDS ON HIRE OF CRANE, BULL DOZER, CAR, ETC. –
(DIRECT TAXES)
WE ARE MANUFACTURER OF CEMENT. WE HAVE BEEN HIRG CRANE, BULL DOZER,WHEEL LOADER ETC, EITHER ON RATE BASIS (SAY PER HOUR, PER DAY) OR FIXED MONTHLY BASIS. WHETHER THIS WILL COMES UNDER CONTRACT U,S 194C OR RENT U,S. 194I FOR THE PURPOSE OF TAX DEDUCTION ? PL ALSO REFER CIRCUR,NOTIFICATIONS NO. IF ANY. ' BY: M. PALANI No answers yet View Answers | Post Answers |
| 8956 |
May. 26 2008 |
RULES FOR PRESERVATION OF RECORDS BY COOPERATIVE BANKS –
(MISC.)
1) ARE THERE ANY RULES FRAMED BY RBI FOR PRESERVATION OF BOOKS OF ACCOUNTS, RECORDS, VOUCHERS ETC BY COOPERATIVE BANKS ? 2) IS THERE ANY CIRCUR REGARDG THIS, PLEASE GIVE THE DETAILS OF THE SAME ' BY: SANTOSH BHALCHANDRA RASHINAKAR No answers yet View Answers | Post Answers |
| 8957 |
May. 26 2008 |
Investment u/s 54F –
(DIRECT TAXES)
An assessee sold nd and ved the proceeds rential house 2006 and cimed exemption u,s 54 F. He demolished the house ter and is constructg a new house with loan from bank. Durg the current year he sold another nd and the proceeds from the same was also ved the house under construction. He wants to know whether he can cim exemption u,s 54 F for the vesment made for construction of the house. He does not own another house and all the sale proceeds are from long term capital gas. ' BY: V.Narayanan No answers yet View Answers | Post Answers |
| 8958 |
May. 26 2008 |
Section 80D eduction for the financial year 08-09, asst.yr.2009-2010 –
(DIRECT TAXES)
Hello, As per the amendment made the fance bill,2008, the deduction u,s 80D is allowed additionally to parents for rs.15,000, and case of senior citizens this amount is rs.20,000. My quion is whether this addition is addition to the self and spouse, or this is aggregate of rs. 10 or 20000. the wordgs of the same are as follows, Additional deduction of Rs.15,000 allowed under Section 80D to an dividual payg medical surance premium for his,her parent or parents. Please advice Thank you advance ' BY: bhupal g. maragauni No answers yet View Answers | Post Answers |
| 8948 |
May. 25 2008 |
AUDITORS DUTY IN THE CONTEXT OF WRONG DEP. –
(AUDIT)
A COMPANY HAS CALCUTED DEP. AT WRONG RATES ON VARIOUS ASSETS FOR ST MANY YEARS. AUDITOR HAS ALSO NOT QUALIFIED HIS REPORT ON THE ABOVE GROUND THOUGH THE AMOUNT WAS RIAL. CAN AUDITOR BE HELD GROSSLY NEGLIGENT DISCHARGE OF HIS DUTY AS A AUDITOR? CAN COMPANY REMOVE THIS AUDITOR BY CALLG EGM ON THE GROUND OF NOT POTG OUT WRONG CALCUTION OF DEP. THOUGH PRIME LIABILITY OF PREPARATION OF A,CS. IS WITH MANAGEMENT? CAN ROC REFUSE TO ACCEPT THIS GROUND FOR CHANGE OF AUDITOR BY SAYG THAT DEP. CALCUTION IS RESPONSIBILITY OF MANAGEMENT AND AUDITOR IS NOT GROSSLY NEGLIGENT THIS CASE? ' BY: BRAHMIN ARVIND J. No answers yet View Answers | Post Answers |
| 8946 |
May. 24 2008 |
service-tax on rent –
(DIRECT TAXES)
Rent with servicetax collection is to be conred under the head property come.There is no section to permit deduction of service-tax. can anyone sugg the way to solve the problem? ' BY: kannan. No answers yet View Answers | Post Answers |
| 8945 |
May. 23 2008 |
TDS ON CATERING SERICES –
(DIRECT TAXES)
A Limited company has contract with a catereer to supply food to his employees at the project site . The company is payg to the food supplier on per pte basis . Whether TDS u,S 194c will be applicable or not. ' BY: Pankaj Arora No answers yet View Answers | Post Answers |
| 8941 |
May. 22 2008 |
Limit of VAT Audits –
(AUDIT)
Is there any Limit on VAT Audits that can be conducted by a chartered accountant? ' BY: Sandeep No answers yet View Answers | Post Answers |
| 8931 |
May. 21 2008 |
Capital Gain –
(DIRECT TAXES)
Dear Sir, An asssessee s a rential house with Bank fance. After a year the assessee decides to demolish the house and contract a new one, aga with bank fance. What could be the treatment of prcipal and ter durg re-construction and thereafter. Yours faithfully, C.P.ETHIRAJAN ' BY: C.P.ETHIRAJAN No answers yet View Answers | Post Answers |
| 8934 |
May. 21 2008 |
TDS on Bank Commission & Bank Processing Charges –
(DIRECT TAXES)
TDS is not deducted on bank commission,processg charges charged for sanctiong the loan, renewal of loan etc. u,s 194C,194H or 194J. I just want to know that is there any CBDT circur,notification or decision of any adjudicatg authority,courts to support this view? ' BY: Brijesh B. Upadhyay No answers yet View Answers | Post Answers |
| 8936 |
May. 21 2008 |
PREOPERATIVE EXPENSES –
(AUDIT)
1.CAN PREOPEARTIVE EXPENSES CURRED TILL COMMENCEMENT OF PRODUCTION WILL BE ALLOCATED AMONGST ASSETS LIKE BLDG,P&M, FURNITURE ETC. ON PROPORTIONATE BASIS & THAN DEP. WILL BE PROVIDED AS PER CO.ACT? 2.WHETHER ND & ND DEVELOPMENT SHALL NOT BE CONSIDRED FOR EXP. ALLOCATION?(AS NO DEP. ON ND) 3.WHETHER DEP. AS PER IT ACT WILL BE PROVIDED AFTER ALLOCATION OF PREOPERATIVE EXP.? 4.EXCISE & SALES TAX CREDIT TAKEN BY CO. SO DEP. SHOULD BE PROVIDED ON BASIC COST? ' BY: SHAH DIMPLEKUMAR VINUKANT No answers yet View Answers | Post Answers |
| 8925 |
May. 20 2008 |
FOREIGN CONTRIBUTION –
(INTERNATIONAL BUSINESS)
Sir my clt is ngo received froeign contribution out of which some assets has been created , now the project is completed , the assets to be sold out what will be the accountg treatment for the same . can the sale proceeds will be transferred to general fund A,s pease sugg with reds Ujir Mahammad ca_mua@rediffmail.com ' BY: ujir mahammad No answers yet View Answers | Post Answers |
| 8926 |
May. 20 2008 |
no. of maximum years for which return can be filed together –
(DIRECT TAXES)
I want to file my urn of come for the first time i have not filed any urn earlier so maximum for how many past years i can file the urn together? ' BY: zarna kamlesh trivedi No answers yet View Answers | Post Answers |
| 8928 |
May. 20 2008 |
Can Company become a parter in a firm? –
(CORPORATE & OTHER LAWS)
Hi all, Please let me know whether the company can become the member a partnership firm? If so how can we ablish the liability of the company? Sce the company havg limited liability whereas partnership the partners havg unlimited liability. Is there any special provision regarg this either company w or partnership Act? ' BY: Mekala No answers yet View Answers | Post Answers |
| 8922 |
May. 19 2008 |
CAN –
(CORPORATE & OTHER LAWS)
RAM OWNS HIS PERSONAL HUF AND HIS BROTHER SHYAM HAS ALSO HIS OWN HUF .BOTH BROTHER FORMED A JOT HUF RAM SHYAM (HUF). RAM IS THE KARTA OF RAM SHYAM (HUF). RAM DIED SHYAM BECOME THE KARTA OF RAM SHYAM (HUF) . 1) CAN HE OPEN THE BANK ACCOUNT ANOTHER BANK THE NAME OF RAM SHYAM (HUF)AND BECOME THE AUTHORISED SIGNATORY OF RAM SHYAM (HUF) 2) CAN HE DEPOSIT ANY CHEQUE OF NAME OF TE BROTHER (RAM) THE BANK A,C NAME OF RAM SHYAM (HUF) WHAT IS LEGAL STATUS OF THE ABOVE QUION UNDER W. ' BY: ASHISH AGRAWAL No answers yet View Answers | Post Answers |
| 8924 |
May. 19 2008 |
Works Contract to Government's –
(Service Tax)
1. Whether works contract undertaken to Government Departments [ not the nature of Commercial Complexes] for buildg admistrative buildgs is exempted under Service Tax Provisions? 2. Whether Works Contract undertaken to Universities is exempted from Service TAx? 3. for the year 2007-08 after obtag ST Regn. no urns are filed. Whether one can file urns with ter optg for Composition and file urns? i.e. ST optg for Composition before payment of ST? ' BY: B.N.VIJAYA KUMAR No answers yet View Answers | Post Answers |
| 8910 |
May. 16 2008 |
service tax on transportation –
(INDIRECT TAXES)
Service tax on transportation the hands of receipent ' BY: kanhaiya No answers yet View Answers | Post Answers |
| 8908 |
May. 15 2008 |
Whether Sec. 269SS is attaracted in following case –
(DIRECT TAXES)
whether the remuneration due to Directors of the company be converted to unsecured loans with out attractg provisions of Sec. 269SS of I.T.Act. ' BY: RAKHI AGARWAL No answers yet View Answers | Post Answers |
| 8900 |
May. 14 2008 |
Cenvat credit availability on material used in the construction of factory building? –
(INDIRECT TAXES)
Whether excise paid on rial used the construction of factory buildg is avaible for cenvat credit agast excise liability? ' BY: Harshad Joshi No answers yet View Answers | Post Answers |
