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Top 50 Questions UnAnswered Queries

5986 unanswered question(s) — Showing 3321–3340

Que. Id Date Description
8481 Feb. 15
2008
Treatment of Low value Assets – (CORPORATE & OTHER LAWS)
Our company is followg the policy of depreciatg the Low Value assets (whose value is less than Rs 0) the Month of purchase, whereas my view it should be the year of purchase (pro-rata basis). Is the treatment followed by the company correct? '
BY: Saurabh Bagri
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8484 Feb. 15
2008
Infrastructure company U/S 10(23G) – (DIRECT TAXES)
A company is engaged manufacture of Wd Electric Generators.It wants to register itself as an frastructure company U,S 10(23G).Whether it is eligible for registration?. Kdly crify. Thankg U advance. '
BY: N.Thangavel
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8485 Feb. 15
2008
Guidline Of Audit of Munciple corporation & Grampanchayat Audit – (AUDIT)
Please sugg recent Guideles on Audit of Munciplew corporation & Grampanchayat Audit & Sugg Any reference Book published by stitute. '
BY: Satyanarayan R. Maniyar
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8487 Feb. 15
2008
Money received from foreign – (DIRECT TAXES)
Mr. x, a reseident dia, is gog to receipt certa amount from foreign on the death of his nearby reltive. As he is the only sucessor to his ive. The amount will be directly credited to Mr. X s account dia. support of this amount the copy of of the forign court is avaible. What will be the treatment dian tax w come tax as well as FEMA. '
BY: Mahesh Khandelwal
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8474 Feb. 13
2008
TDS and capitalisation – (AUDIT)
1)How we will deduct TDS on a composite bill of supply and service : -Where supply and services with bill are not biforcated -Where supply and services with bill are biforcated 2)How will we capitalised surance,registration fee and accessories expenses of a new vehicle which are not cluded the origal bill and the bill date are different. '
BY: Rajendra Prusty
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8475 Feb. 13
2008
Audit Questioniere & Report – (AUDIT)
ternal,Concurrent ,Operational Audit Quioniere Format for Hotel dustry and Format for Audit Report '
BY: Naveen Kumar Bohra
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8476 Feb. 13
2008
Audit Questioniere & Report – (AUDIT)
I need ternal,Concurrent ,Operational Audit Quioniere Format for Hotel dustry, Guidele for Audit and Format of Audit Report for the same '
BY: Naveen Kumar Bohra
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8478 Feb. 13
2008
SCHOOL REGISTERED UNER SOCIETY REGISTRATION ACT – (DIRECT TAXES)
Can a school registered under society registration act create a school benovalent fund for the persons who have served school for 10 years to provide them medical facilities & case of any contigency. Also eligible teacher will contribute from their pay along with the school every month? Whether such fund creation needs permission from come Tax Act ? '
BY: Pooja Agarwal
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8469 Feb. 12
2008
Cenvat Credit on the Capital Goods(Tools) removed as such – (INDIRECT TAXES)
Dear Friends Compay A is a manufacturer of Auto Components. Company A Develops and s Tools from Company B and sells it to the Customer C but the tools are used by the Vendors of Company A for the manufacturg of small parts which are assembled Company A and sold to Comapany C. Plz give your opion on Excise,cenvat pot of view for the Company A with reference to any case ws,Circur,Notification (if any) '
BY: Panchanana Panda
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8470 Feb. 12
2008
Fixed Asset – (FINANCIAL MANAGEMENT)
If an asset is bought on Dec. 2007 & put to use April 2008, When a Fixed Asset is to be capitalized? FY 2006-07 or FY 2007-08? '
BY: Parthiv Oza
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8471 Feb. 12
2008
What is the TDS liability on payments made to Non-Resident for Technical Services received outside I – (TDS/TCS)
What is the Liability of TDS on payments to Non-Rent payee who is providg his technical services to the assessees clients located out of dia, the Non-Rent payee provides his services out of dia to the clients of the Assessee and the Non-Rent payee neither comes to dia nor has any representative or any Office dia. '
BY: U S Kuntal
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8464 Feb. 11
2008
Acquisition of sole prop. by pvt. co. – (CORPORATE & OTHER LAWS)
1)What are the steps to be taken for acquisition of a sole prop. busess by a Pvt. Ltd. Company. The company has already been formed but not started busess.? 2)Is conditions of s,47 required to be complied if company is takg busess at book values.(i.e.no capital ga)? 3) How the tds already deducted prop. concern will be transferred to company,if company wish to acquire busess from 1-4-2007 ? '
BY: Akshay Jain
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8466 Feb. 11
2008
LIST OF BANKS ELIGIBLE FOR E PAYMENT OF INCOME TAX – (FINANCIAL MANAGEMENT)
W.E.F. 01,04,2008 ALL ASSESSEE LIABLE FOR AUDIT U,S 44AB IS REQUIRED TO MAKE PAYMENT OF COME TAX THROUGH NET BANKG. I WOULD LIKE TO KNOW THE NAME OF THE BANK WHICH ARE AUTHORISED FOR SUCH ACTIVITY. THERE ARE ONLY 5 BANK ALLOWED FOR THIS PURPOSES. WHICH ARE THEY ? '
BY: DIPAL RAMESHCHANDRA SHAH
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8468 Feb. 11
2008
Cess under Sugar development Act 1982 – (Customs & Excise)
Requ to Mr.Madkar N.Hiregange Cess under Sugar development act 1982 has creased from Rs. 14 to Rs. 15 wef from 1,1,2008 as per Notification issued by Mistry where it is stated that crease cess will apply on sugar dispatched or delivered on after such date (1,1,2008). I want to know whether it is correct or cess is applicable only on production made after 1,1,2008 ? '
BY: Uday G.Ammangi
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8459 Feb. 09
2008
non residents company registration – (CORPORATE & OTHER LAWS)
both the proposed directors are foreigners (non dians)to corporate a private company dia, is there any rrictions and any approval from RBI, please answer it. '
BY: RAMESH BABU PINNAKA
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8461 Feb. 09
2008
Service tax on Bank Charges – (INDIRECT TAXES)
Hello All, Can we take put service tax credit on service tax paid on Bank Charges? '
BY: Arvind
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8452 Feb. 08
2008
Is Stipend paid to the Industrial Trainee liable to Tax – (DIRECT TAXES)
We have an dustrial Traee(ICAI) our organisation.The stipend paid to him exceeds the Basic exemption limit under come Tax Act. Are we liable to do TDS on stipend payment. '
BY: Rohit Aggarwal
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8454 Feb. 08
2008
regarding selection of scrutiny of CA Firm – (DIRECT TAXES)
come Tax urns of professionals will come under compulsory scruty this fiscal year if they earn Rs.10 khs or more annually but decre an come of ess than Rs.2kh.The Central Board of direct Taxes (CBDT) has tightened the scruty norms for professionals cludg film professionals, wyers, doctors, chartered accountants and architects to track small assessees short payg or evadg taxes. If the CA partnership firm havg the turnover say Rs.50 cs that case come to be shown of Rs.20% of Rs. 50 khs.come to be conred before the remuneration & ter to partners or it is to be conred after remuneration and ter to partners. For the purpose of calcution of come 20% all allowable & disallowable expenses as per come tax to be added,deducted or not. '
BY: Ratnesh Chand Jain
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8458 Feb. 08
2008
Queries on Service Tax on GTA? – (INDIRECT TAXES)
Facts: A Co. Ltd. purchases 30 bags of sugar from B Co. Ltd. As per the purchase the seller will charge Rs. 60000+sales Tax as applicable for Sugar and 0 for freight. The ssller B Co. Ltd. uses his own Truck and diliver the sugar to A Co.Ltd. Queries: 1.Whether B Co. Ltd. will be conred as A Goods Transport Agency? 2.If, yes whether B co. Ltd. will have to issue Consignment Note to A Co. Ltd.? 3. Whether A co. Ltd. will be liable to pay Service Tax on Freight of Rs. 0,-? 4. What will be the effect if the purchase is for Rs. 10000,- on FOR basis but the seller raises an voice of a total value of Rs. 10000 but showg rs. 1000 as freight seperately the voice.? '
BY: VINEET BANSAL
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8448 Feb. 07
2008
Alternate Director – (CORPORATE & OTHER LAWS)
Can a Employee become Alternate Director of a Pvt Company? What is the procedure for the same. '
BY: Athreya R
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