Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5986 unanswered question(s) — Showing 3141–3160
| Que. Id | Date | Description |
|---|---|---|
| 8821 |
Apr. 27 2008 |
Taxability of profit\loss on regular trading of Equity shares –
(DIRECT TAXES)
Hello. my client had done many transactions of shares tradg on BSE. There is a controversy on this issue- whether profit, on the same is taxable as busess come or capital ga for F.Y.2007-08. Assessee is not liable to audit u\s.44AB.Share tradg is not the sole & ma busess of assessee. My view is that it should be taxable as busess come. Kdly guide this regard. ' BY: Mahesh V.Jagatap No answers yet View Answers | Post Answers |
| 8822 |
Apr. 27 2008 |
Penalty U/s 76 , 77 –
(Service Tax)
I have done payment of service tax after six months of due date with ter. The payment is done before any notice from dept. whether penalty is imposible u,s 76 , 77 . Is their any case study that penalty quashed when payment is done before show cause notice.. ' BY: utkarsh mehta No answers yet View Answers | Post Answers |
| 8823 |
Apr. 27 2008 |
service tax liability –
(Service Tax)
as per s of service tax it is payable on receipt basis i.e. when service provider receive the payment he is liable to deposit the tax my query is suppose durg the FY service provider raise bill of Rs 1123600 cluded service tax but actually receive only 50% of bills and deposited the tax on receipt basis tell me whether he has to show service tax on 50% bills which is still not received as service tax payable on liability or not because as per st w it will be payble only when we receive the amount. ' BY: amit No answers yet View Answers | Post Answers |
| 8824 |
Apr. 27 2008 |
HOW TO WRITEOFF PRE OPERATIVE EXPENSES –
(Profits & Gains of Business & Profession)
i would like to know how to w off pre operative expenses, is there is need to w.off first year itself.whats time for w.off ' BY: JOTHILINGAM No answers yet View Answers | Post Answers |
| 8825 |
Apr. 27 2008 |
Accounting of Futures transactions –
(MISC.)
the case of Futures transactions Stock market, should the accountg be done only for the MTM profit, or to be accounted at gross turnover value as per the Contract Notes? Also, for Sec 44AB, whether MTM is to be conred for arrivg at the Turnover. ' BY: NAND GOPAL SOMANI No answers yet View Answers | Post Answers |
| 8818 |
Apr. 25 2008 |
Audit report model for not for profit organisations –
(AUDIT)
Dear Sir, Can I have an Audit report model for not for profit organisations. Thankg you, C.Kumar ' BY: C.Kumar No answers yet View Answers | Post Answers |
| 8819 |
Apr. 25 2008 |
Investment in NHAI and REC u/s 54EC –
(DIRECT TAXES)
one of my client had disposed off his other asset i.e plot of nd november 07 and would like to v specified securities i.e. NHAI or REC under section 54EC of the come Tax Act 1961 for which the time to v is six months from the date of transfer. But both the vments are closed on 31.03.2008.What is to be done as the time to v ends by Mid of May 2008. kdly enlighten me on the above.Please note that my client holds more than one rential fts and as such cannot v the purchase or construction of the rential house,fts any more. ' BY: Anwar Iqbal No answers yet View Answers | Post Answers |
| 8810 |
Apr. 23 2008 |
ATTACHMENT OF TDS CERTIFICATE –
(DIRECT TAXES)
CIRCUR 5 , IT IS CLEARLY DICATED THAT URN SIGNEDWITH DIGITAL SIGNATURE NEED NOT FILED I.T.D. NOW 139(9) SERTED AND MADE MANDATORY FOR ATTACHG THE TDS URN. PLS ELUCIDATE WHETHER THE DIGITALLY SIGNED URN WITHOUT ATTACHG T.D.S FORM AND FILED ITD, WILL BECOME VALID URN U,S 139(9) ' BY: SUNIL KUMAR KHANNA No answers yet View Answers | Post Answers |
| 8812 |
Apr. 23 2008 |
service tax exemption to internationally funded projects –
(Service Tax)
We are basically a non-rent engaged the busess of providg consultancy engeerg services for some semi governmental agencies. Sce we have an office dia, the reverse charge case is not possible. Our major concern is, whether the said services are exempt sce the project for which we will render services are funded by a ternational agency. This agency is ed to UN. However, please provide us the reference of the notification and, or circur. Also, whether the case will be the same, if the fundg is from a agency which is not ed to UN etc. Please advice. Thanks, CA. Ashish Garg ' BY: Ashish Garg No answers yet View Answers | Post Answers |
| 8813 |
Apr. 23 2008 |
income from house property_tax planning –
(DIRECT TAXES)
we are the owner of conrable number of rential units, which can be let out dividually or jotly. the issue volved is whether will it be taxed under the House Property Head, and thereby rrictg the deduction to 30% limit? or will it be open for us to convert this venture to form a busess of lettg out of those units and consequently offer the rental come as busess profits and cim actual expenses (which defately. i want to be more than 30%), is this way is possible and feasible under the IT Act? will the registration with state authorities i.e. for luxury taxes etc. be sufficient to form such a busess for the purpose of IT Act. can you please provide us the reference of the notifications,circurs, case ws? Thanks.CA Ashish Garg ' BY: Ashish Garg No answers yet View Answers | Post Answers |
| 8802 |
Apr. 22 2008 |
Whether EOU would have to Charge VAT if it sell its product in local Market –
(VAT/Sales Tax)
Whether 100% EOU have to Charge VAT if it sell its product the local market? if yes whether they have to charge at full rate or 50% of applicable rate. ' BY: Chirag No answers yet View Answers | Post Answers |
| 8803 |
Apr. 22 2008 |
ST-3 –
(Service Tax)
As service provided to educational stitutions are exempt under works contract service, is the amount for this service has to be shown exempt service ST-3. As per departmental structions only services exempt under notification is to be shown here. Sce it is not exempt under notification what is the right option? Pl. advice ' BY: CA Sanjay Sehgal No answers yet View Answers | Post Answers |
| 8804 |
Apr. 22 2008 |
purchase of shrink wrap software - whether royalty –
(DIRECT TAXES)
COnration paid for purchase of ready to use software with only a license to use the software for a lifetime (no right to make copies, modify etc) - whether amounts to Royalty under section 9(1)(vi) and whether liable for witholdg of tax at source us 194J - Please provide the answers with reasons ' BY: B.R.Sudheendra No answers yet View Answers | Post Answers |
| 8805 |
Apr. 22 2008 |
EXCEL –
(MISC.)
HOW TO CONVERT THE NUMERICAL VALUE TO TEXT EXCEL ' BY: Belur Vybavaram No answers yet View Answers | Post Answers |
| 8806 |
Apr. 22 2008 |
EXCEL –
(MISC.)
How to express the number Words. Ex: - 15 is to be expressed as Rupees Fifteen words. What is the formu for this?Kdly sugg me some answers. ' BY: Belur Vybavaram No answers yet View Answers | Post Answers |
| 8807 |
Apr. 22 2008 |
liability of service tax on cash discount –
(Service Tax)
ABC A proprietorship concern is actg as a C&F Agent for many hosiery manufacturg companies on commission basis. Under the terms of agreement ABC is required to remit sales proceeds of goods to its prcipals after collectg the same from customers to whom goods is sold by it.However if ABC makes advance payment to its prcipals on proforma voice basis than over and above commission it receives centive from its prcipals form of cash discount.Now the Query is whether ABC would be liable for Service Tax on amount received as cash discount? ' BY: CA ANIL GARG No answers yet View Answers | Post Answers |
| 8808 |
Apr. 22 2008 |
Reimbursement of Expenses –
(Service Tax)
As a Group Company most of the costs are shared between the holdg Company and Subsidiary. When the parent company raisg the debit note on its subsidiary, it charges service tax also by debitg the CENVAT credit. Whether the parent company need to take registration for each of the activity (or) will it suffice if it takes the registration underBusess Support Services alone. ' BY: naveenkumar No answers yet View Answers | Post Answers |
| 8796 |
Apr. 21 2008 |
Forest clearence contract & Temporary road contract etc attract service tax??? –
(Service Tax)
Followg services attacts service tax or not: 1.Construction of temporary road for D-15 Project . 2.Contruction of V- Notch for measurg the flow of D-15 NBC canal project with rial and manpower 3.Jungle clearance for D-15 NBC project for makg the approach the weir site. The above sevices were provided to Hydro electricity production company. service tax will come on thies services or not if yes under which head? ' BY: T.Sitaramarao No answers yet View Answers | Post Answers |
| 8797 |
Apr. 21 2008 |
interest on unsecured loan –
(CORPORATE & OTHER LAWS)
A pvt limited company has 2Crores authorised capital and 1.9 called and paid up capital. apart from the capital it has accepted unsecured loan from the shareholders and dirctors to the tune of Rs. 10crores. the company has paid 16% p.a. as ter on unsecured loan to the share holders on 31.03.2008. is this transaction a viotion of companies act? if yes please crify is there any rriction on the ter percentage? ' BY: SHIJITH.V No answers yet View Answers | Post Answers |
| 8798 |
Apr. 21 2008 |
Bank loan processing charges –
(FINANCIAL MANAGEMENT)
Whether bank loan processg charges should be amortised or charged off. ' BY: Ranjita Kumari No answers yet View Answers | Post Answers |
