Sebi offers a way over FPI tax rule hurdle
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| Que. Id | Date | Description |
|---|---|---|
| 8904 |
May. 14 2008 |
Income Tax –
(DIRECT TAXES)
Notice u,s148 was issued case of firm for asstyr.2005-06 for reason ,that tt on fdr credit to p,l a,c is not busess come hence not the part of book profit for calcution of partners sary u,s40(b)whether 148 is justified and penalty u,s 271(1)(c)can be imposed if remunerations to partner are reduced of proceedgs u,s148. ' BY: s.k.gupta No answers yet View Answers | Post Answers |
| 8896 |
May. 13 2008 |
Jurisdiction for FBT Return of Liason Office in Form No ITR 8 –
(FBT)
The said assessee is a liason office dia of a Sgapore based company. The liason office is not liable to tax dia. However it is liable to pay Frge Benefit Tax dia. Accordgly the liason office has paid qurterly FBT and now wants to file its FBT urn ITR Form 8. However the jurisdiction for filg of the same could not be decided by PROs at Aaykar Bhavan as well. Can somebody help with the jurisdiction formation for Liason Offices located Mumbai???? ' BY: Purvi Gandhi No answers yet View Answers | Post Answers |
| 8885 |
May. 11 2008 |
Notice Salary –
(DIRECT TAXES)
At the time of resignation a notice period is to be served. If employer deduct an amount for the unserved notice period, will that be allowed as deduction from sary. ' BY: NAVNEET KUMAR GUPTA No answers yet View Answers | Post Answers |
| 8887 |
May. 11 2008 |
Change in Section 2(15) by Finance Act,2008 –
(DIRECT TAXES)
There has been a change the defition of Charitable Purposes under Section 2(15) by the Fance Act,2008. Earlier the Port Trusts, Chamber of Commerce and the Development Authorities were given Registration under Section 12A,12AA of the Act on the basis of the defition of Charitable Purposes under Section 2(15). Now sce the said defition has been ammended by the Fance Act,2008, what would be the position for the Assessment Year 2009-10. ' BY: Lakshmish Kant No answers yet View Answers | Post Answers |
| 8888 |
May. 11 2008 |
professional tax –
(MISC.)
who are covered under profession tax kera. what is the present sb? ' BY: jayan No answers yet View Answers | Post Answers |
| 8878 |
May. 10 2008 |
Audit of Regional bank Branch audit –
(AUDIT)
Recently there has been given allotment to some auditors for the Regional Rural banks Statutory & branch Audit Like BOB-Gram Bank and Dena Bank Gram Bank I Want to know from which empenalment the auditors are selected ? Whether we have to register to anywhere else for the same ? Thanks M.S.Khatri M.No.121550 ' BY: MULCHAND S. KHATRI No answers yet View Answers | Post Answers |
| 8880 |
May. 10 2008 |
Disclosure in Annual Accounts –
(CORPORATE & OTHER LAWS)
A dian manufacturg company has opened bank account foreign company to facilitate its trade. Such bank is not registered dia (under Bankg Regution Act). Any bank bance lyg as on close of Bance Sheet date this bank account whether to be shown under the Cash & Bank Bance Schedule VI format or it has to be shown Loans & Advances. ' BY: Vikash Jain No answers yet View Answers | Post Answers |
| 8884 |
May. 10 2008 |
Service Tax on Construction of Port –
(Service Tax)
X limited is awarded to construct and operate a port by some state. Then X limited given on constract to Y limited to construct the port ( one contract). Y limited used its dredger as part of construction activity for construction of port. Constrction of port is exempted from levy of service tax. But dredgg is a separate service, which is not exempt from service tax. Whether Y limited has to service tax to X limited segregatg the services or Y limited need not charge any service tax without segregatg the dredgg services. ' BY: Manmath Biswal No answers yet View Answers | Post Answers |
| 8877 |
May. 09 2008 |
Guidance Note on Accounting Standard 30 –
(FINANCIAL MANAGEMENT)
Dear All, B Wishes Kdly ti me, where the softcopy of Practical Approach to Accountg Standard 30 avaible. I requ you to ti me the details to my mail id sc.arunamar@gmail.com Regards A.Arunkumar ' BY: arunkumar No answers yet View Answers | Post Answers |
| 8873 |
May. 08 2008 |
FEMA –
(CORPORATE & OTHER LAWS)
DEAR SIR, PLEASE MAKE ME CLEAR ABOUT MENTIONED BELOW: IF I AM A TOUR OPERATOR AND I AM PROVIDG FOREX TO MY CLIENT WHO IS ABROAD BY PURCHASG THE SAME FROM MY BANK DIA WHAT WIILL BE THE RESULT AS PER FEMA. WHETHER IT WILL BE MANDATORY TO US TO HAVE A REGISTRATION UNDER FEMA OR NOT. PLEASE MAKE ME ENLIGHTENED AND OBLIGE. THANKG YOU. YOURS TRULY CA AJAY KUMAR 9873061117 ' BY: AJAY KUMAR No answers yet View Answers | Post Answers |
| 8868 |
May. 07 2008 |
Penalty u/s 272B of Income Tax Act 1961 –
(DIRECT TAXES)
Sub Sec (1)of Sec 272B provides for levy of penalty for viotion of provisions of Sec 139A. Aga Sub Sec (2) of Sec 272 B provides for penalty for viotion of the provisions of sub sections 5 (c), 5A or 5C of Sec 139A. Does it mean a person viotg the provisions sub secs 5 (c), 5A or 5C of 139A will face penal proceedgs twice, once under sub sec (1) and aga under sub sec (2) of Sec 272 B? . ' BY: V Prakash No answers yet View Answers | Post Answers |
| 8866 |
May. 06 2008 |
Notice period not served in a company –
(CORPORATE & OTHER LAWS)
I am workg an MNC,the notice period here is 2 months.I got a very challengg offer from another trans-national company,but they are unwillg to wait for 2 months.So I gave my resignation for 15 days notice and i am willg to out the r of my notice period(1 and half months).My present company told me that if I do not serve my notice period then there will be legal implications.My quion is 1)Is there any legal rule by which my company can harass me legally? 2) Before leavg the present company should I submit all my company properties(ptops,etc) to the company?Or should I wait for the company to ask for them?If I submit them on my own then the company might ter on deny of receivg any such properties. What should I do? Please advise. ' BY: Debasis No answers yet View Answers | Post Answers |
| 8863 |
May. 05 2008 |
Service tax on renting of immovable commercial property –
(Service Tax)
A co. earns rental come Rs. 10 cs p.a. from commercial property. Due to the applicability of service tax sce May07 the co. applied for service tax registration on Feb08. On Mar08 the dept. assign registration no. The pot is whether the co. can cim the basic exemption of Rs. 8 cs and pay tax @ 12.36% on Rs. 2 cs. Other pot is case co. deposits tax on total amount Rs. 10 cs @ 12.36% and files the urn of the same. Then can co. revise the urn so as to cim the banifit of basic exemption of Rs. 8 cs. ' BY: Abhishek Gupta No answers yet View Answers | Post Answers |
| 8853 |
May. 03 2008 |
Loss of Statutory Records of Company in Fire –
(CORPORATE & OTHER LAWS)
Dear Friends , Respected Seniours, can u please advise me the modalities volved the case where company lost all its statutory records i.e. register of members, mutes books, etc. by fire. Company is a Listed Company and is more than 25 years old. Also remakg of the records is not a possible task. Can U tell me how do I go ahead this situation. Thanks, Ashish Bha ' BY: Ashish No answers yet View Answers | Post Answers |
| 8854 |
May. 03 2008 |
INDEXATION OF GIFTED PROPERTIES MADE BY FATHER TO SON –
(Capital Gains)
IF FATHER PURCHASED A HOUSE 1992 AND GIFTED TO HIS SON 1995 THEN WHICH YEARS DEX TO BE TAKEN FOR CALCUTG CAPITAL GA OR WE CAN TAKE ANY YEARS DEX FOR CALCUTG CAPITAL GA PLEASE REFER BOOK ALSO FOR REFERENCE ' BY: HARISH BANSAL No answers yet View Answers | Post Answers |
| 8855 |
May. 03 2008 |
CST IN COMPOSITE WORKS CONTRACT –
(Service Tax)
IF ANY RIAL IS IMPORTED FROM OUT DELHI BY A DELHI BASED COMPANY AG FORM C AND IS USED EXECUTION OF DIVISIBLE WORKS CONTRACT NOIDA, AND NO REGISTRATION UNDER UP VAT IS TAKEN DUE TO CONTRACT BEG OF A AMOUNT LESSER THAN THRASHHOLD PRESCRIBED FOR THIS PURPOSE OR OTHERWISE , THEN WHAT WOULD BE THE SERVICE TAX AND VAT LIABILITY AND HOW IT CAN BE MIMISED KEEPG MD THAT C FORM WOULD BE APPLISED FOR DELHI AG RIAL IMPORT. SECONDLY HOW BILLG SHOULD BE MADE SUCH CASE AND WHAT ARE RECORDS THAT SHOULD BE MATAED RESPECT OF THIS CONTRACT. ' BY: MUKESH KAPOOR No answers yet View Answers | Post Answers |
| 8856 |
May. 03 2008 |
Bad Debts and Service Tax –
(Service Tax)
We have issued an voice for Rs.1 kh+plus Service tax 12360.This debt has become bad and we want to write it off as bad. We are debitg bad debts and creditg the party to the tune of Rs.1 kh.How to close the service tax portion? ' BY: Bala No answers yet View Answers | Post Answers |
| 8844 |
May. 02 2008 |
e payment of tax –
(DIRECT TAXES)
Friends, my client is private limited company has deposited tds on 07.04.2008 bank by cash.What shall be legal as e payment is mandatory by virtue of press release no. 402,92,2006-MC(05 of 2008) dt.23.01.2008?. THANKS ! ' BY: RAJESH GURBANI No answers yet View Answers | Post Answers |
| 8845 |
May. 02 2008 |
Can a Member in Industry sign Tax Audit Report U/s 44AB –
(AUDIT)
Can a Member dustry sign Tax Audit Report U,s 44AB, If He has No COP. ' BY: ANKUR JINDAL No answers yet View Answers | Post Answers |
| 8846 |
May. 02 2008 |
REG U/S 12A OF THE ACT –
(DIRECT TAXES)
An application of Reg u,s 12A is rejected by the of DCIT (Exemptions)on grounds of non-compliance of notices of queries raised. a. Should a fresh Application be made to the same officer to obta Reg u,s 12A of the Act ? or b.should an appeal be filed agast the of the CIT ' BY: AASHISH ANIL VAKILNA No answers yet View Answers | Post Answers |
