Sebi offers a way over FPI tax rule hurdle
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| Que. Id | Date | Description |
|---|---|---|
| 8287 |
Jan. 06 2008 |
e filing –
(DIRECT TAXES)
1.If a urn is e filed but the acknowledgement is not submitted with the IT department . Then what is the status of the urn. Is it then an valid urn or a urn not deemed to have been filed. 2. If a urn is filed electronically and the assessee does not deposit the ITR V with the department . Then the assessee deposits a manual urn ITR 4 that is different from what was e filed. Which urn will be conred by the department. ' BY: rishu kawatra No answers yet View Answers | Post Answers |
| 8289 |
Jan. 06 2008 |
PENALTY FOR LATE FILING OF SERVICE TAX RETURNS –
(Service Tax)
THERE IS A TE FEES OF RS.2000,- RESPECT OF TE FILG OF SERVICE TAX URNS PERTAS TO THE PERIOD STARTG FROM 2007 - 2008 AND ONWARDS. WHAT IS THE PENALTY FOR TE FILG OF URNS FOR THE PERIOD 2005 - 06 AND 2006 - 07 AS OF TODAY. ' BY: SHRINIVAS SATYANARAYANA KOTA No answers yet View Answers | Post Answers |
| 8279 |
Jan. 05 2008 |
HRA and HOUSE LOAN Deduction –
(Income From Salary)
An employee is havg housg loan towards house purchased bangalore. He has given it on rent to other person. Then he shifted to Mumbai and take a ft on rent. His employer is givg HRA to him. Can he cim both Deduction as below from his sary or Gross come :- 1. HRA Deduction from his sary come 2. Housg Loan prcipal Repayment u,s 80c and t. paid on housg loan from his gross come. Pls. crify the above Case and also mention section. ' BY: anil kumar kakani No answers yet View Answers | Post Answers |
| 8274 |
Jan. 04 2008 |
capital Gains –
(DIRECT TAXES)
Please put forward your views on the followg issue. Q1) Mr.A has booked a ft the year 2005 (January) a big complex. The agreement was made between MrX and the Promoters Jan’05. Till date the project is under construction and will be completed June’08. The promoters have neither given any possession nor there is any registration of the property, sce 10 % is to be given at possession. Now the quion arises that Mr X wishes to dispose the property and v some other rential property as he is gettg 100% urn on the existg vment. Whether the transaction will be treated as Transfer under come Tax Act? If it is conred as transfer than what shall be the nature of capital Gas if he transfers Feb’08. Will the acquisition date be taken from the agreement date ? Please give your valuable views on the issue. Naresh Agarwal ' BY: NARESH No answers yet View Answers | Post Answers |
| 8265 |
Jan. 03 2008 |
Taxation of NRI –
(DIRECT TAXES)
Dear Member, My friend is a engeer workg dubai he had gone on 5,9,2007 on visit visa and then he got employment visa on 18,10,2007 ( AFTER EXITG THE COUNTRY FOR VISA CHANGE) He wants to transfer dirhams dia by the end of this year. Will he be conred NRI for taxation purpose ?? ' BY: Arihant Kothari No answers yet View Answers | Post Answers |
| 8266 |
Jan. 03 2008 |
caselaws related to penalty u/s.271(1)(c) –
(DIRECT TAXES)
A company has a club which receives membership fees one year for all the 10 years. the current year it accounts for only 1,10th of the fees and subsequently all others the remag years.Accordg to Revenue Recognition AS-21 this is a correct method of accountg.But durg assessment the A.O.says that membership fees should be accounted for the year which it is received.Accordgly he has imposed penalty u,s.271(1)(c)for concealment of come.Now we want to appeal agast the same and to support our contention we require case ws which will help us better to prove our pot.Please list the same if any. ' BY: Ratnesh Chand Jain No answers yet View Answers | Post Answers |
| 8268 |
Jan. 03 2008 |
FOREIGN REMITTANCE RECEIVED –
(DIRECT TAXES)
Q. If X person is workg USA Co. and he is gettg as Consultancy Charges from USA and he wants to transfer the money an dian Pvt. Ltd Company which he is a shareholders and his father and mother is a Director. 1) He can raise the bill from Pvt Ltd Company (dian) to foreign Co. and this case which type of supportg is required to provide the Consultancy Services to the USA Company because the X is not on the record of an dian Pvt. Ltd Co. 2) Mr. x (Son of the Directors of dian Pvt. Ltd co.) become the Director of the co. and Mr. X rential status is NRI. Mr. X can give the Consultancy to USA Co after become a Director on behalf of the dian Company. that case if the Son has curred the Expenses agast the Consultancy can this expenses cimed and how these expenses can be cim. ' BY: GOPAL KUMAR AGRAWAL No answers yet View Answers | Post Answers |
| 8269 |
Jan. 03 2008 |
Claming Deduction of HRA U/s 10(13)A –
(DIRECT TAXES)
One of the Client has the followg Quion ? My wife has got her house preperty registered her name which was gifted from her parents on which i pay her monthly rent. She is assessed to IT.can i derive the benifit U,s.10(13)A for payg rent to my wife? is there any case w? Please crify ' BY: R.Mahesh No answers yet View Answers | Post Answers |
| 8270 |
Jan. 03 2008 |
Applicability of TDS u/s 195 on domain name registration fees –
(TDS/TCS)
If dian company is payg fees to one Hongkong tax rent company for registration of doma name, whether TDS u,s 195 is applicable? ' BY: VJ No answers yet View Answers | Post Answers |
| 8253 |
Jan. 02 2008 |
VAT Audit –
(VAT/Sales Tax)
What are various conditions when VAT audit is compulsory? ' BY: Pavitra No answers yet View Answers | Post Answers |
| 8257 |
Jan. 02 2008 |
Appoitments of statutory auditor –
(CORPORATE & OTHER LAWS)
Can Company appts statutory auditor Extra ordary meetg as casual vacancy if same is created by resignation and timation received to appot other auditor hias pce ' BY: Datta Maruti Gawade No answers yet View Answers | Post Answers |
| 8258 |
Jan. 02 2008 |
Reimbursement of Ecp –
(DIRECT TAXES)
A company gives reimbursement of rential phone bills to its employees. such a case, if an employee submits the bills (which is the name of his parents,spouse) , along with a decration statg that it has been curred for his rence etc... is it allowable? Transfer of ownership is also a cumbersome process- the case of BSNL. ' BY: Priya No answers yet View Answers | Post Answers |
| 8259 |
Jan. 02 2008 |
TDS ON PAYMENT TO NON RESIDENTS –
(TDS/TCS)
WHEN SHARES ARE PURCHASED BY THE COMPANY THROUGH OPEN OFFER FROM NON RENTS WHAT IS THE RATE OF TDS TO BE MADE FROM PAYMENTS MADE TO A) NON RENT B) FII C) NON DOMIC COMPANIES D) OCBS UNDER THE ABOVE CIRCUMSTANCES ' BY: B.SAHADEVAREDDY No answers yet View Answers | Post Answers |
| 8260 |
Jan. 02 2008 |
Applicability of Vat & Service Tax –
(VAT/Sales Tax)
XYZ provides Book Bdg Service. The prted papers are supplied by Publishers. Billg is made to publishers. The rial used is only gum etc. Which tax is applicable? How? on What amount? Vat or Service Tax? ' BY: rahul No answers yet View Answers | Post Answers |
| 8261 |
Jan. 02 2008 |
Service Tax –
(INDIRECT TAXES)
should service tax be collected on advance amount to be received. if the tax amount is charged the advance bill and the party has not paid the tax amount then what is the effect whether we are liable to pay the service tax to the Deptt. any answer please give it is very urgent Thank you CA. Virupakshappa M Tuppad ' BY: CA. V.M.T No answers yet View Answers | Post Answers |
| 8241 |
Jan. 01 2008 |
PENALTY FOR NON-MAINTENANCE OF BOOKS OF ACCOUNT –
(DIRECT TAXES)
CAN A.O IMPOST PENALTY FOR NON-NANCE OF BOOKS OF ACCOUNT U,S 44AA AS PER THE FOLLOWG CONDITIONS :- (1) BUSESS COME U,S 44AF = RS.120 (2) ID COME(JOBWORK) =Rs.118000 Kdly Clear it with citations. ' BY: SUNIL KUMAR KHANNA No answers yet View Answers | Post Answers |
| 8242 |
Jan. 01 2008 |
Gift Tax –
(DIRECT TAXES)
Is gift tax still taxable either to the donor or to the donee? ' BY: Tarun Kaura No answers yet View Answers | Post Answers |
| 8243 |
Jan. 01 2008 |
ITAT Appeal Fees –
(DIRECT TAXES)
What appeal fees is payable case of appeal fees to ITAT case of penalty proceedgs [for example 271(1)(c)]. Is it based on quantum of assessed come or covered any other matter where appeal fee is Rs.,-. ' BY: Tanuj Agrawal No answers yet View Answers | Post Answers |
| 8244 |
Jan. 01 2008 |
ITAT Judgment Binding –
(DIRECT TAXES)
which article of the Constitution of dia it is provided that a judgment of a Triubnal is bdg of lower authorities & assessee with its jurisdiction? Please also quote case ws on the matter, if any. ' BY: Tanuj Agrawal No answers yet View Answers | Post Answers |
| 8245 |
Jan. 01 2008 |
Employer's Contribution to Approved Gratuity Fund –
(DIRECT TAXES)
Employers Contribution to an Approved Gratuity Fund is exempt from tax. You are requed to kdly highlight the provisions the come-tax Act, 1961, where exemption is provided respect of employers contribution to approved gratuity fund. Kdly crify the position. ' BY: Tanuj Agrawal No answers yet View Answers | Post Answers |
