Sebi offers a way over FPI tax rule hurdle
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| Que. Id | Date | Description |
|---|---|---|
| 8426 |
Feb. 05 2008 |
cpe hrs –
(MISC.)
i have applied for the cop , how my cpe hrs. will be calcuted ter on ? whether i have to reister for it ?how? ' BY: RAJAN D. PARIKH No answers yet View Answers | Post Answers |
| 8427 |
Feb. 05 2008 |
Sec 80IB deduction –
(DIRECT TAXES)
Assesse cimed deduction u,s 80IB.Durg asst u,s 143(3) officer disallowed expenses to the extent of 1.5 cs. can excess deduction be caimed u,s 80IB on Rs 1.50 cs @30% by makg rectification application u,s 154.Are there any decided case ws on this subject? If any please give citations for the same & mail it to the email id given below. ' BY: Kaustubh Vijay Paturkar No answers yet View Answers | Post Answers |
| 8429 |
Feb. 05 2008 |
Partition of HUF –
(MISC.)
After death of a karta of HUF .What should be the procedure for dividg HUF property.A karta leavg behd his wife, two sons(two grandsons and two grand daughters) and two married daughters. Whether it should be divided five equal parts to be shared by Wife,two sons and two married daughters equal proportion Mahesh Aneja ' BY: mahesh aneja No answers yet View Answers | Post Answers |
| 8420 |
Feb. 04 2008 |
APPLICABILITY OF SECTION 44AB –
(DIRECT TAXES)
ONE OF ME CLIENT EARNS COME BY WAY OF SALE OF CANVAS,PATGS ON CONSIGMENT BASIS AT VARIOUS SHOWROOM AND ART GALLERY..HE RECEIVES THE AMOUNT BY WAY OF CHEQUE WITHOUT ANY TDS...WHEWTHER THE COME WOULD BE CONS AS A PROFEESIONAL COME (COME OF ARTIST) YA BUSESS COME...FOR THE PURPOSE OF SECTION 44AB ' BY: kalpesh No answers yet View Answers | Post Answers |
| 8421 |
Feb. 04 2008 |
FBT –
(DIRECT TAXES)
I want to know whether FBT is leviable on a partnership concern covered under sec. 44AD. If yes, then how the calcution will be made as no books of accounts are mataed by the concern. ' BY: Meenakshi No answers yet View Answers | Post Answers |
| 8415 |
Feb. 03 2008 |
TDS ON WORK CONTRACT –
(VAT/Sales Tax)
X is a ltd. co. developg rential premises for sale not havg VAT NO. but as per TDS rule under VAT Act it is supposed to deduct TDS beg company registered under companies Act 1956. company has deducted TDS on various contracts at the rate of 2% for reg. dealers and 4% for non registered dealers . Now the company wants to make payment after fillg the form 405 but bank is not acceptg the payment and the chaln because there is no sales tax no. Please sugg the solution at the earli. ' BY: Ratnesh Chand Jain No answers yet View Answers | Post Answers |
| 8410 |
Feb. 02 2008 |
Cenvat input on Paint Thinner –
(INDIRECT TAXES)
Whether can we avail the Cenvat put Pat- Thner? any circur for the same? ' BY: K Ramesh No answers yet View Answers | Post Answers |
| 8412 |
Feb. 02 2008 |
disallow of transport payment due to non deduction of TDS –
(DIRECT TAXES)
our client is dog the transport busi-ness ,F.Y.2004-05,(prop.+ partnership) accordg to IT ACT TDS should be deducted on all transport payment u,s.194-c, but due to ke of knowledge client was not deducted the TDS on transport payment. Dept.has disallowed the all transport payment more than 20000,- or 00,- and raised the huge demand ( Approx 80.00 cs to 100.00 cs). Assessee has filed the appeal for the disallow of Transport payment. whether Huge amount of demand raised for non deduction,payment of tds is justified. sce double taxation is applicable,one on assessee who not deducted the TDS and other person who received the transport payment and shown the come his books and filed the come tax urn. kdly give suggession for save the client. thankg you rajesh kumar ja ' BY: rajesh kumar jain No answers yet View Answers | Post Answers |
| 8413 |
Feb. 02 2008 |
capital gains –
(DIRECT TAXES)
One of my clients A entered an agreement to purchase a nd (urban) from B Rs.115 cs, he paid 25 cs on agreement on the condition that that he will further pay Rs.90 cs on the date of registration of the property his name i.e. after 2 month. But before the date of registration of the property he entered to with C to sale the property Rs.150 cs. He received 150cs from C paid Rs.115 cs to B and get property registered the name of C. He earned Rs.35 cs this transition. My quion is- 1. What would be the treatment of profit of Rs.35 cs the books of A would it be taxable as come from other sources or capital gas. 2. What would be the tax implication if the nd were a rural nd? ' BY: VIKAS KUMAR JAIN No answers yet View Answers | Post Answers |
| 8414 |
Feb. 02 2008 |
nature of income –
(DIRECT TAXES)
One of my clients A entered an agreement to purchase a nd (urban) from B Rs.115 cs, he paid 25 cs on agreement on the condition that that he will further pay Rs.90 cs on the date of registration of the property his name i.e. after 2 month. But before the date of registration of the property he entered to with C to sale the property Rs.150 cs. He received 150cs from C paid Rs.115 cs to B and get property registered the name of C. He earned Rs.35 cs this transition. My quion is- 1. What would be the treatment of profit of Rs.35 cs the books of A would it be taxable as come from other sources or capital gas. 2. What would be the tax implication if the nd were a rural nd? ' BY: VIKAS KUMAR JAIN No answers yet View Answers | Post Answers |
| 8404 |
Feb. 01 2008 |
Vehicle Maintenance Allowance –
(Income From Salary)
Whether Vehicle nance Allowance provided to employees is eligible for any exemption under come tax ? ' BY: Pravin No answers yet View Answers | Post Answers |
| 8405 |
Feb. 01 2008 |
Quarterly TDS Return - Forefign Party Pan no. Not available –
(DIRECT TAXES)
Dear Friends, We have deducted TDS U,S 195 but foreg Parties do not have Pan nos. Please advice how to file e-TDS urns. Regards ' BY: Bhuvnesh No answers yet View Answers | Post Answers |
| 8408 |
Feb. 01 2008 |
WHETHER CSR ACTIVITY ALLOWED AS EXPENSES IN INCOME TAX –
(DIRECT TAXES)
DEAR COLLUEGE MY CLIENT IS A COMPANY. COMPANY HAS SPENDED A HUGE AMOUNT ON CORPORATE SOCIAL RESPONSBLITY (CSR ACTIVITY)ACTIVITY.WHETHER IT IS ALLOWES AS EXPENSES COME TAX. ASHISH AGRAWAL NAGPUR ' BY: ASHISH P AGRAWAL No answers yet View Answers | Post Answers |
| 8396 |
Jan. 31 2008 |
TDS ON RENT INVOLVING SERVICE TAX –
(Service Tax)
My clients have taken properties on lease where the lessor charges service tax on rent. The ndlord is raisg separate bills for rent and service tax. TDS was beg deducted on the Rent as per Act. On clusion of Rent under Service Tax, he is objectg to the deduction of TDS on the service tax portion of the total amount. Please crify whether my client is legally right deductg TDS on rent cludg Service Tax, even when separate bill for service tax is raised by the ndlord. If no TDS is required to be deducted, please specify any notification,crification that regard. Thanks ' BY: Subhash Chandra Gupta No answers yet View Answers | Post Answers |
| 8398 |
Jan. 31 2008 |
How much mimium 'basic' wages for PF calculation –
(MISC.)
Provident fund calcuation is based on Basic i.e. 12% of baisc. How much should be basic a sary structure. Its appear that different co follwg different formu and there basic componet vary from co to co. Please answer. ' BY: Ajay Salagare No answers yet View Answers | Post Answers |
| 8399 |
Jan. 31 2008 |
EXCISE DUTY ON GOODS SUPPLIED TO RESEARCH INSTITUTION OHTER THAN HOSPITAL –
(Customs & Excise)
MY CLIENT IS SUPPLG HYDRAULIC PRESS TO RESEARCH STITUTION REGISTERD WITH GOVT. OF DIA THE DEPT. OF SCIENCE AND DUSTRIAL RESEARCH. WHETHER EXCISE DUTY IS APPLICABLE OR NOT ? IT NOT UNDER WHICH NOTIFICATION ? ' BY: CA Uday G.Ammangi No answers yet View Answers | Post Answers |
| 8400 |
Jan. 31 2008 |
Export of Fashion Design Service - Eligibility of exemption –
(Service Tax)
Dear Freds, We are gog to start designg of garments which is covered under Fashion Desigg section 105(ZV). We will be caterng to only Foreg Customers and the designs will be transmitted by electronic means (through ternet).100% of designg will be done dia. Payment will be received Convertiable Foreg Exchange. Now my query is whether we will get exemption of excise on Export of above said services. Thanks & Regards ' BY: Bhuvnesh No answers yet View Answers | Post Answers |
| 8401 |
Jan. 31 2008 |
Can A Body corporate become the Prop. of a Firm –
(CORPORATE & OTHER LAWS)
Can a body corporate which is listed stock exchange become a prop. of a firm? ' BY: Parveen Jain No answers yet View Answers | Post Answers |
| 8403 |
Jan. 31 2008 |
Depreciation –
(CORPORATE & OTHER LAWS)
Can a company charge depreciation at lower rate than as specified scedule xiv of the companies Act,1956? if no,is there any circur thereon? ' BY: jimi No answers yet View Answers | Post Answers |
| 8391 |
Jan. 30 2008 |
Section 43(B) of I.tax Act –
(DIRECT TAXES)
An assesse has taken an overdraft from a bank . bank charges ter on such O,D and this is added the amount of O,D . Whether such ter is allowable for the purpose of calcution of busess come keepg view that the account has always negative bance ( i.e. overdraft ). ' BY: Shshank Saurav No answers yet View Answers | Post Answers |
