Sebi offers a way over FPI tax rule hurdle
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| Que. Id | Date | Description |
|---|---|---|
| 8451 |
Feb. 07 2008 |
Definition of Profession u/s 44AB –
(DIRECT TAXES)
One of my client runng Marriage Pace , havg receip above Rs.10 cs , whether the firm are covered Audit u,s 44AB under profession. ' BY: SUNIL KUMAR KHANNA No answers yet View Answers | Post Answers |
| 8442 |
Feb. 07 2008 |
TDS on Car hire charges? –
(TDS/TCS)
Under which section 194C or 194I Sce the defation of rent has been revised ' BY: amit kumar dhadda No answers yet View Answers | Post Answers |
| 8443 |
Feb. 07 2008 |
Capital Gain –
(DIRECT TAXES)
Can an dividual v two different house property for capital ga exemption? ' BY: Ankur Kagrana No answers yet View Answers | Post Answers |
| 8444 |
Feb. 07 2008 |
Deduction of Service Tax paid against House Property Income –
(DIRECT TAXES)
Fance Act, 2007 has imposed Service Tax on Rentg of Immovable Property for busess purposes. However, under the come Tax Act, there does not seem to be any provision for allowance of such Service Tax paid by the nd lord agast the rental come derived form the lettg out the property and assessable under the head come from House Property. Simirly, the Stamp duty paid for enterg to lease agreemnt for lettg out the property to tenant does not seem to be allowable the hands of nd lord whereas the tenant can cim deduction for the Stamp Duty paid for enterg to Lease agreement. It may be added that usually, the banks and fancial stitutions sist for bearg of equal amount of Stamp Duty paid for executg Lease Agreement. Some mechanism should be provided, by amendment of come Tax Act, to enable the nd lord to cim the deduction of amount of Stamp Duty. ' BY: Anruddh Kumar Goel No answers yet View Answers | Post Answers |
| 8445 |
Feb. 07 2008 |
Whether subject to service tax –
(INDIRECT TAXES)
An Electric Dealers Association has registered themselves under Service tax category Club or association. Now the quion is such association has collected huge amount agast advertisements from Members as well as non members towards publication of a souvenier . Whether such amount shall be subject to service tax ' BY: AMIT DOSHI No answers yet View Answers | Post Answers |
| 8446 |
Feb. 07 2008 |
Modvat available based on Excise duty Gate pass –
(Service Tax)
MODVAT avl fol iss? Consignee X Supplier Y state A er Y State B. Y is same but diff branch As we are facg prob of vat billg from State A 12.5%we are tred to transfar rial from State B branch with excise gate pass ' BY: Snehal No answers yet View Answers | Post Answers |
| 8447 |
Feb. 07 2008 |
Maintainance of fixed asset register –
(AUDIT)
I am an article assistant. My firm has got an assignment for updatg fixed asset register of a trust. The trust is not updatg its fixed asset register for the st 4 years. How should i start my work. what will be the format and details of this fixed asset register. ' BY: umesh kumar No answers yet View Answers | Post Answers |
| 8432 |
Feb. 06 2008 |
deduction u/s 80 D –
(DIRECT TAXES)
While grantg deduction u,s 80 D can we also take to account the service tax paid on the premium amount. ' BY: P.V.SRIRAM No answers yet View Answers | Post Answers |
| 8433 |
Feb. 06 2008 |
BPO SERVICES- TO FOREIGN HOLDING COMPANY - RBI COMPLIANCES –
(INTERNATIONAL BUSINESS)
WHAT ARE THE COMPLIANCES WITH RBI RESPECT OF BPO SERVICES TO FOREG HOLDG COMPANY. WHAT IS STPI COMPLIANCES AND WHAT THE FORMS ETC? ' BY: SRINIVASAN No answers yet View Answers | Post Answers |
| 8434 |
Feb. 06 2008 |
refund on belated return –
(DIRECT TAXES)
hi,please crify my doubt. One can file urn on come with due date. If not he can file the beted urn with one year from the end of assessment year. whether one get the refund the on the beted urn? ' BY: ch.ramesh No answers yet View Answers | Post Answers |
| 8435 |
Feb. 06 2008 |
TDS on Car hire charges? –
(TDS/TCS)
After revision of defation of Rent under section 194I at what rate TDS should be deducted if Payment exceeds Rs. 1.20 c a year ' BY: Amit Dhadda No answers yet View Answers | Post Answers |
| 8436 |
Feb. 06 2008 |
Age of Senior Citizen to be considered for Taxation purpose –
(DIRECT TAXES)
Accordg to come tax Act, the person who has attaed age of 65, durg previous year can enjoy senior citizen benefits. Now my quion is that whether this 65 years should be COMPLETED number of years ? e.g. if person has completed 64 years durg fancial year, whether he will be eligible for this benefit ? Accordg to my understandg, completed 65 years should be conred.But found that there is confusion among other people. ' BY: Parth Trivedi No answers yet View Answers | Post Answers |
| 8437 |
Feb. 06 2008 |
TDS on Car hire charges? –
(TDS/TCS)
wef 13 July 2006 defation of rent has beg revised under section 194 I. At what rate TDS to be deducted on Car hire charges for local conveyance if the total payment durg the year exceeds Rs. 120,000 ' BY: amit kumar dhadda No answers yet View Answers | Post Answers |
| 8438 |
Feb. 06 2008 |
HRA & House property loss –
(DIRECT TAXES)
Can a employee cim both HRA and House property simultaneously. Moreover, when both the owned house and rented house are the same city. ' BY: Sanjay Mehta No answers yet View Answers | Post Answers |
| 8439 |
Feb. 06 2008 |
chartiable trust taxation –
(DIRECT TAXES)
if a charitable trust regd. u,s.12 A has total come of 100 & it has spent rs. 80000 towards the objects of the trust, then the bance net come will be 70000, sce this is below taxable limit rs. 100000 i am of the opion that there will not be any tax liability for the charitable trust. however sce it has applied less than 85% of total come, whether it will have to make application to assessg office for accumution of come?? if so, how will the next years computation be made...? whether the surplus ie. ( 100 * 85% - 70000) = 57 will be treated ascome of next year? please crify. ' BY: guru No answers yet View Answers | Post Answers |
| 8441 |
Feb. 06 2008 |
Notice Pay –
(DIRECT TAXES)
whether the notice pay paid to the new employee needs to be taxed his hands as perks? If Yes, will it not amount to dual taxation , sce the same is taxed his hands by his previous employer also? ' BY: naveenkumar No answers yet View Answers | Post Answers |
| 8422 |
Feb. 05 2008 |
Query in relation to Sec.54 B –
(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 |
| 8423 |
Feb. 05 2008 |
. QUERY ON DEDUCTABILITY OF EXPENSES U/S 37(1) OR ANY OTHER SECTION OF INCOME TAX ACT 1961 –
(DIRECT 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? ' BY: Rajendra G.Zawar No answers yet View Answers | Post Answers |
| 8424 |
Feb. 05 2008 |
QUERY ON DEDUCTABILITY OF EXPENSES U/S 37(1) OR ANY OTHER SECTION OF INCOME TAX ACT 1961 & SERVICE T –
(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 |
| 8425 |
Feb. 05 2008 |
No Information on mail ID –
(MISC.)
I have registered on pdicai portal sce a long but from st few month I have not got any formation from pdicai or forum on my email id . what is the procedure to rega the news ,formation on mail id ' BY: SANDEEP KAPOOR No answers yet View Answers | Post Answers |
