Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5986 unanswered question(s) — Showing 3301–3320
| Que. Id | Date | Description |
|---|---|---|
| 8550 |
Feb. 26 2008 |
TNVAT ON SALE OF FIXED ASSET –
(VAT/Sales Tax)
WE ARE GOG TO SELL A CAR USED AS FIXED ASSET. WHAT IS THE TNVAT IMPLICATION ? AND AND WHAT RATE ? WHETHER IT WILL BE EXEMPTED BY 10 CS SB AS IT IS NOT ED TO BUSESS OF THE COMPANY. ' BY: BALASUBRAMANIAN No answers yet View Answers | Post Answers |
| 8551 |
Feb. 26 2008 |
BLASTING OF ROCKS, etc., with explosives –
(Service Tax)
The ma activity is bstg works. for bstg of rocks, etc. usg explosives. under VAT he is cimg bour charges and it is exempted. whereas under service tax it is taxaable or not, ' BY: C.A.RAGHU NADHA MANDADI No answers yet View Answers | Post Answers |
| 8542 |
Feb. 25 2008 |
Meaning of latest audited balance sheet. –
(CORPORATE & OTHER LAWS)
Dear All, as per section 372(A) of the dian companies act 1956 there is a limit of ter corporate loans and vments ( 60% of paid up capital and free reserves or 100% of the free reserves whichever is more). It is further crified that free reserves means those reserves as per the t audited bance sheet of the company,are free for distribution as dividend and cludes bance to ther credit of the securities premium account but not clude share application money. Now the quion arises what is the meang of t Audited Bance Sheets. If a company makes terim accounts( half yearly or so ) and get them audited,will it be conred as t Audited Bance Sheets for this section.Please note that the company does not change its fancial year which remas the same( annual). What is the position if terim accounts are adopted by the board,audited by the statutory auditor and pced brfore the shareholders EGM called for this purpose and also got approved by the members the EGM.Can these results be conredas the audited results for the purpose of calcutg the limits u,s 372(A). please give your opion. Ca. Arun K. Aggarwal Delhi ' BY: arun k. aggarwal No answers yet View Answers | Post Answers |
| 8544 |
Feb. 25 2008 |
FBT on All Study Group fees paid to NIRC –
(FBT)
A CA firm paid to NIRC Fees for the year for participatg all study group meetgs & Semars under CPE scheme by its workg partners. As the partners are not employees, s the participatg fees be liable for FBT ?? ' BY: Manoj Kumar Aggarwal No answers yet View Answers | Post Answers |
| 8545 |
Feb. 25 2008 |
LTA EXEMPTION –
(DIRECT TAXES)
An employee travels from chennai to mangalore tra and from mangalore to malpe (there is no tra) so he takes a cab. This cab is also used for site seeg the malpe location. Can the employee cim for the travel expenditure curred for the site seeg under LTA exemption.Are there any case ws? ' BY: Balasubramanian No answers yet View Answers | Post Answers |
| 8536 |
Feb. 23 2008 |
TDS ON COMMISION CHARGED BY BANK ON CREDIT CARD DEPOSIT ACCOUNT –
(TDS/TCS)
We have one jeweller client who keeps two card sweep maches from two different banks for his customers who pays through Credit Card at his Jewelry Shop and credit given by such sale ,the bank charges commisssion @1.50% on total credits. whether the said client is liable to deduct tax at source on such commission payments? ' BY: SANJAY EKNATH SONI No answers yet View Answers | Post Answers |
| 8538 |
Feb. 23 2008 |
Reassessment –
(DIRECT TAXES)
Can a Case Assessed u,s 143(3) be taken for reassessment by the same ITO. by givg reason that the Departmental Auditors has taken objection on the said . ' BY: SURESH KUMAR LALWANI No answers yet View Answers | Post Answers |
| 8539 |
Feb. 23 2008 |
block of assets –
(DIRECT TAXES)
my client who is to proprietory transport busess owns more than four vacant nd his name. He is not a regur nd dealer, but frequently keeps sellg & g nd. my quion is whether such nd can form a block of assets with 0% depreciation under sec 32 of IT act & whether the sale price of a nd sold can be deducted from the total nd value held the block of asset ' BY: guru No answers yet View Answers | Post Answers |
| 8540 |
Feb. 23 2008 |
SPONSORSHIP AMOUNT FOR LUCH AT SEMINAR –
(TDS/TCS)
If any company contribute say a sum of Rs. 20,= as sponsorship amount for providg lunch to delegates for attendg semar hosted by any stitute say stitute of Chartered Accountants of dia or dian Water Works Association whether provision of TDS applicable and if yes under what section of come Tax and at what rated Tax is required to be deducted. ' BY: Mutha Vimalchand Bhikamchand No answers yet View Answers | Post Answers |
| 8532 |
Feb. 22 2008 |
Conversion from Proprietorship to Private limited. –
(CORPORATE & OTHER LAWS)
A proprietorship has to be first of all converted to partnership and then to private limited company by way of jot stock co. case of New private limited co.mimum two members are required but what is the requirement of mimum members case when it is converted from partnership to private company? ' BY: RADHIKA SHIVKUMAR BHOTICA No answers yet View Answers | Post Answers |
| 8515 |
Feb. 21 2008 |
Capital Gains –
(DIRECT TAXES)
A share was purchased on 10-03-2005 and sold on 10-03-2006 and I have cimed LTCG on shares as exempted come. However CIT has exercised 263 provisions and opended the case sayg that it can not be treated as exempt come sce period of holdg is less than 12 months... pls sugg ' BY: AMIT DOSHI No answers yet View Answers | Post Answers |
| 8518 |
Feb. 21 2008 |
Queries on deductibility u/s 37(1_ –
(DIRECT TAXES)
QUERY ON DEDUCTABILITY OF EXPENSES U,S 37(1) OR ANY OTHER SECTION OF COME TAX ACT 1961 & SERVICE TAX. The assessee is havg unit at Aurangabad. Some of its admistrative work is handled by another company at Mumbai. The Mumbai company has raised debit note of Rs.800000,-plus Service Tax to Aurangabad company. The querist wanted to know 1.What should be the account head for accountg these expenses? 2. Whether this expenditure is allowed under I.T.Act? 3. Whether TDS will be applicable? If yes, at what rate? 4. Whether Aurangabad Company will get credit of Service Tax as Excise CENVAT? ' BY: Rajendra G.Zawar No answers yet View Answers | Post Answers |
| 8519 |
Feb. 21 2008 |
Queries on Sec. 54B –
(DIRECT TAXES)
A) If the ndholder is gettg come from followg sources whether will it be conred that the nd is used for agriculture purposes? 1. Sale of Fruits like mangoes from trees which are spontaneously grown on the nd. 2. Sale of wood of such trees. 3. Sale of water from the well that agriculture nd. 4. Sale of cow dung, which was lyg ,on that nd. 5. Rent,Thoka received from the person who has taken nd for cultivation. B) Whether the phrase “Parent of His” cludes His, Her & Its? (For Male nd owner-His, Female nd owner -Her, fant nd owner-Its) C) Whether father or mother who has adopted the son will be called as Parent for Sec.54B? D) Whether the term “Or a parent of His” is dependent of the word “Assessee” or is it simultaneous? ' BY: Rajendra G.Zawar No answers yet View Answers | Post Answers |
| 8520 |
Feb. 21 2008 |
Queries on Service Tax –
(INDIRECT TAXES)
The assessee is havg unit at Aurangabad. Some of its admistrative work is handled by another company at Mumbai. The Mumbai company has raised debit note of Rs.800000,-plus Service Tax to Aurangabad company. The querist wanted to know 1.What should be the account head for accountg these expenses? 2. Whether this expenditure is allowed under I.T.Act? 3. Whether TDS will be applicable? If yes, at what rate? 4. Whether Aurangabad Company will get credit of Service Tax as Excise CENVAT? ' BY: Rajendra G.Zawar No answers yet View Answers | Post Answers |
| 8521 |
Feb. 21 2008 |
Gift to HUF –
(DIRECT TAXES)
Kdly advice whether gift of Rs. 51,000,- received by karta of HUF from karta’s brother or sister will be treated as a come under sec. 56(2)(vi). ' BY: Rajendra G.Zawar No answers yet View Answers | Post Answers |
| 8525 |
Feb. 21 2008 |
ITC will be available on the itmes used for Civil Construction –
(VAT/Sales Tax)
My one Cient is expendg his busess, and constructg the first floor his Factory. A lot of itms like, Cement, Steel, Pipe, Fittgs, Electrical goods etc.has been used the construction work, I want to know that, he can cim the put Tax FCredit for the VAT paid on the Items used Civil Construction ' BY: ARVIND DUBE No answers yet View Answers | Post Answers |
| 8513 |
Feb. 20 2008 |
code of conduct –
(MISC.)
if a c.a. holdg certificate wants to teach to either university or colleges or to privare stitute whether it is permissibe? if he wants to teach full time and want to practise part time whether it is permissible? or if he wants to to teach part time whether it is permissible? ' BY: RAJAN D. PARIKH No answers yet View Answers | Post Answers |
| 8514 |
Feb. 20 2008 |
code of ethics –
(MISC.)
if member havg certificate wants to teach at college or pvt. stitute how to get permission? ' BY: RAJAN D. PARIKH No answers yet View Answers | Post Answers |
| 8508 |
Feb. 19 2008 |
Sale of long term capital asset –
(Capital Gains)
My assessee sold a long term capital asset durg fancial year 2006-07 with an tension to rev as per the provisions of 54F of the IT act. However he has not deposited the proceeds capital gas deposit scheme account before due date of urn of come.( his case beg 31st July). He has paid the moneys durg september and october 2007 and bought the new property. What is taxation position. I remember a recent chennai tribunal decision that even the proceeds have not been deposited, if the property has been bought before stiputed period it should be exempt. can you pl crify sir ' BY: SRINIVASARAO AVASARALA No answers yet View Answers | Post Answers |
| 8500 |
Feb. 17 2008 |
Transfer Pricing –
(DIRECT TAXES)
Dear Sir, I am keen to learn Transfer pricg, are there any courses offered? case no courses offered how to go about it? Regards ' BY: Bhuvnesh No answers yet View Answers | Post Answers |
