Sebi offers a way over FPI tax rule hurdle
You can add further comments to your query by clicking on "Add Comment".
This link will appear only, if you are logged-in with your user id and password. The same will appear as
"Querist Comment" on the Forum.
Click here to Post your Query >>5986 unanswered question(s) — Showing 3261–3280
| Que. Id | Date | Description |
|---|---|---|
| 8596 |
Mar. 06 2008 |
Physical verification of Inventory near year end –
(AUDIT)
what is the defation of the word Near the year end i.e. when client can take stock verification the context of AAS 34 ' BY: kedar Doiphode No answers yet View Answers | Post Answers |
| 8598 |
Mar. 06 2008 |
Notice period recovery from salary –
(Income From Salary)
Dear Memebers, If an employee leaves the job by not servg the full notice period then sary equivalent to shortage of notice period will be recovered from the employees sary. Will this amount be deducted from the total sary paid by the employer the Form 16 sent to employee. Can an employee show this amount recovered by employer as deduction from sary come the urn to be filed with come tax department. Reagrds, Sridhar J ' BY: Sridhar B Jalluri No answers yet View Answers | Post Answers |
| 8599 |
Mar. 06 2008 |
CASH BASIS / ACCRUAL BASIS –
(DIRECT TAXES)
My client matas Books on Cash Basis. On cash basis his receipts are Rs 30 cs. On accrual basis his Billg is Rs 50 cs. He is contractor of one company only.The company has deducted tax on Rs.50 cs. Can he cim TDS on Rs.50 cs by showg his receipts Rs. 30 cs? ' BY: SANJAYKUMAR YASHWANTRAO KHOSE No answers yet View Answers | Post Answers |
| 8593 |
Mar. 05 2008 |
IFRS –
(MISC.)
I would like to know whether our stitite conducts any course on IFRS ? If not, whether any other recommended stitute conducts such course? ' BY: AMITAVA DUTTA No answers yet View Answers | Post Answers |
| 8594 |
Mar. 05 2008 |
witholding tax –
(DIRECT TAXES)
If a tour operator makes the payment USD for group reservation(15 children) for a space camp organized by NASA(a recognized government body USA) , which is completely for educational purpose. Does he required to withhold tax from such payment. If yes then at what rate ' BY: Mamta kedia No answers yet View Answers | Post Answers |
| 8595 |
Mar. 05 2008 |
Return Filing –
(Service Tax)
If assessee havg taxable receipts less then basic exemption limit whether it is mandatory to file service tax urn and penalty payable case of non filg ?. Thanks! ' BY: RAJESH GURBANI No answers yet View Answers | Post Answers |
| 8584 |
Mar. 04 2008 |
Service tax –
(INDIRECT TAXES)
i am lookg for service tax composite iteam like civil,electricial,plumbg,staless steel work,allumium wdow,patg,lifts,excavation,gss work with supply & staltion etc.what will be the service tax applicable as per new notification ' BY: Ratnesh Chand Jain No answers yet View Answers | Post Answers |
| 8585 |
Mar. 04 2008 |
Private provident fund --- Valuation-- compulsory –
(MISC.)
Whether we have to get the valuation of Private provident fund Trust mataed by the trustees and under which act it is compulsory ' BY: Vijay Agichani No answers yet View Answers | Post Answers |
| 8586 |
Mar. 04 2008 |
Taxation of Grant In Aid in terms of Section 11 of the ITax Act –
(DIRECT TAXES)
The Assessee NGO registered U,S 12A of the IT Act, recieved Grant Aid (GIA) from ternational Donor Agency for carrg out Projects on its behalf.The Grant recieved has been recognised the I,E A,c over the periods necessary to match it with the ed cost of the project and the unspent bance at the end of the year had been carried forward the B,S as unspent Grant. Cosquently the 10B report has been issued conrg the Grant Trf to I,E A,c as come of the P.Y. The AO wants to treat whole of the Grant recieved durg the year as come. Pl Advice. ' BY: vishal saxena No answers yet View Answers | Post Answers |
| 8587 |
Mar. 04 2008 |
Limit of VAT Audit Maharashra –
(VAT/Sales Tax)
is there any limit on maximum no. of VAT Audits (under Maharashtra vat ACT) that can be performed a year by CA? ' BY: Sandeep No answers yet View Answers | Post Answers |
| 8588 |
Mar. 04 2008 |
After Regiatration return filing is comulsory –
(Service Tax)
If a person Registered with Service tax 2004 he has not file any urn now he wants to file urn but durg April 07 to Sep 07 he had not charge any Service tax from client (also after registration) & his turnover below 7 cs. would he liable to pay service tax on the services provided by him durg 07 or not is it compulsory to charge service tax on bill. ' BY: Sachin Kumar No answers yet View Answers | Post Answers |
| 8591 |
Mar. 04 2008 |
TDS certificate for previous years? –
(DIRECT TAXES)
Please let me know how to cim TDS for which certificate is received after filg urn but come was taken on accrual basis However urn of come filed for a Company said TDS was not cimed? ' BY: Snehal Dadia No answers yet View Answers | Post Answers |
| 8580 |
Mar. 03 2008 |
trading in share market –
(Profits & Gains of Business & Profession)
is tradg share market busess come & liable for tax audit ? ' BY: vaibhav mehrotra No answers yet View Answers | Post Answers |
| 8581 |
Mar. 03 2008 |
Taxation of Govt. Grants –
(DIRECT TAXES)
One of the Socities is formed by the State Govt. and grants from World Bank for Development of E-Governance the State is transferred to it. Same was to be refunded to the World Bank if not utilised with stiputed time. We followed the AS for Govt. Grants for accountg purpose. The AO wants to tax the unutilized grant (shown as liability Bance Sheet), statg that come Tax does not recognise AS and absence of 12A regration same has to be taxed. Kdly let us know what to do. Is followg of AS wrong? Should we mata seperate set of books for the IT purposes. ' BY: Vivek Sharma No answers yet View Answers | Post Answers |
| 8582 |
Mar. 03 2008 |
Dissallowance of cash expense. –
(DIRECT TAXES)
Under section 40A(3)20% of cash expense exceedg 20,000 is disallowed.I want to know whether this provision is applicable to charitable trust,socity and section 25 companies. ' BY: umesh kumar No answers yet View Answers | Post Answers |
| 8577 |
Mar. 02 2008 |
Guideline for practice in Corporate Form of Practice (261st meeting) –
(COUNCIL DECISION)
Dear all Council has permitted members to do management consultancy & other services corporate form with holdg full time C.O.P.However CAG Empanelment norms other professional come of a member is rricted. (Other professional come should not be exceeded from come from applicant firm). My querry is If a member gets more Directors remuneration from the Management Consultancy Firm than the applicant firm whether he qualifies for CAG Empanelment,Bank Audit Empanelment. Can Directors remuneration be trated as other professional come for CAG,Bank Empanelment. Thanks (D PRASAD) ' BY: DINESHWAR PRASAD No answers yet View Answers | Post Answers |
| 8578 |
Mar. 02 2008 |
GUIDELINE FOR PRACTICE IN CORPORATE FORM OF PRACTICE –
(COUNCIL DECISION)
Dear all The council has permitted members to do practice corporate form for management Consultancy & Other services with holdg full time COP. CAG & Bank Empanelment norms exclusive association of partner,proprietor has been treated only if his other professional come does not exceeds come from other firm. My querry is whether Directors remuneration received from MC Company will be treated as come from other professional come for empanelment purpose or come from other sources. Thanks ' BY: D PRASAD No answers yet View Answers | Post Answers |
| 8570 |
Mar. 01 2008 |
Laptop Given to Employee as Prize –
(DIRECT TAXES)
The company gives ptop as a prize for the competition conducted by the client. whether the ptop given to the employee should be taxed the hands of employee as a non monetary benefit. ' BY: balasubramanian No answers yet View Answers | Post Answers |
| 8572 |
Mar. 01 2008 |
Income from business owned by Trust –
(DIRECT TAXES)
Is the come from busess owned by a Trust Taxable? Can that come be used to create a Corpus by the Trust? ' BY: Antony Francis Devotta No answers yet View Answers | Post Answers |
| 8573 |
Mar. 01 2008 |
INCOME FROM HOUSE PROPERTY –
(DIRECT TAXES)
AN ASSESSEE HAS 2 PROPERTIES. PROPERTY-1 WAS SELF OCCUPIED. PROP.-2 WAS LETOUT UPTO FY 2000-01. FY 2001-02 THE PROP.-2 WAS VACANT THROUGH OUT THR YEAR ALTHOUGH THE PROP. WAS KEPT READY TO BE LET OUT AND COULD NOT ACTUALLY BE LET OUT AS NO SUITABLE TENANT COULD BE FOUND. WHETHER THE ASSESSEE CAN CIM HOUSE PROP.COME WAS NIL FOR THE AY 2002-03? IF YES, HOW IT CAN BE CIMED? PLEASE STATE THE REASONS WITH RELEVANT SUPPOTG CASE WS. THE CASE IS PENDG UNDER COME TAX DEPT. PLEASE FORM ME AT EARLI AT E-MAIL: sisirca@rediffmail.com , sdassociates03@gmail.com ' BY: SISIR DAS No answers yet View Answers | Post Answers |
