Sebi offers a way over FPI tax rule hurdle
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| Que. Id | Date | Description |
|---|---|---|
| 8160 |
Dec. 19 2007 |
TDS deduction –
(FBT)
If a co. pay rent of Rs. 10000 for premises and Rs. 7000 pay for furniture and fixtures to the same party and for which co. have entered with two separate agreement 1. for rentg premises 2. for rentg furniture & fixtures. Should co. deduct tds on these payment. ' BY: anil kakani No answers yet View Answers | Post Answers |
| 8161 |
Dec. 19 2007 |
Service Tax Credit on Renting –
(Service Tax)
Dear Freds, We are a Company engaged manufacturg of Garments. Apart from payg Service Tax as receiver of GTA Service we were not service provider nor we are registered excise as garment manufacturer have an option to opt out of excise. From June 2007 we are also fallg under Rentg of immovable services for which we have obtaed necessary amendment RC also. Facts : we have taken two Buildgs on Rent (Say Buildg 1 and Buildg 2) , we pay Rent plus Service Tax to nd Lord. For Buildg 1 we pay Rent Rs.10 cs per month plus service Tax 1.24 cs . 75% of this Buildg is sublet at a Rent of Rs.15 cs plus service Tax 1.85 cs. Other buildg is used exclusively for our own manufacturg facilities. We pay Rent Rs. 8 cs plus Service Tax 0.98 cs. Query : Takg Cenvat Credit of only Buildg 1 we need to pay 1.85 – 1.24 = 0.61 cs from our pocket. can we take Service Tax Credit of Buildg 2 also as the Service Tax Credit and after takg such credit there will be no liability to pay service Tax. Will gettg Centrelised bills and brgg put service distributor gog to help service tax pnng on above issue B Regds ' BY: Bhuvnesh No answers yet View Answers | Post Answers |
| 8162 |
Dec. 19 2007 |
MINIMUM AGE REQUIRED FOR APPEARING CA FINAL.... –
(MISC.)
CAN A STUDENT BELOW 21 YEARS APPEAR CA FAL EXAM? ' BY: CHETA TARWANI No answers yet View Answers | Post Answers |
| 8142 |
Dec. 18 2007 |
capital gains –
(DIRECT TAXES)
Assesse whose busess is purchase and sale of shares wether comes under specutive busess or not. ' BY: vishwanath reddy p k No answers yet View Answers | Post Answers |
| 8144 |
Dec. 18 2007 |
Querry regarding Application Form for Co-Developer –
(MISC.)
Co Developer has to apply which form to Board of Approval, Mistry of dustry for seekg permission as a Service Provider for ablishg a Hospital SEZ ' BY: Rakesh K Goyal No answers yet View Answers | Post Answers |
| 8145 |
Dec. 18 2007 |
Loans & Advances –
(CORPORATE & OTHER LAWS)
Can a Private Co give loan to a listed company, which such private co is a shareholder ' BY: Shilpi Gupta No answers yet View Answers | Post Answers |
| 8146 |
Dec. 18 2007 |
service tax return –
(Service Tax)
Accordg Notification No.20,2007 the Service Tax Rule 1994,7C amount is to be paid for dey furnishg urn are as follow 1.15 days from the date of submission urn amont of Rs. 2. Beyond 15 days but not ter than 30 days from the date of submission of urn amount is to be filled Rs.1000 3. beyond 30 days from the date of submission of urn amount of Rs.1000 plus every day Rs.100 from the thirty first day till the date of furnishg urn we apply for 3rd condition if we filled urn on 14th Dec. than what will be penalty amount, please give the calcution ' BY: Ratnesh chand Jain No answers yet View Answers | Post Answers |
| 8149 |
Dec. 18 2007 |
Renting of plant and machinery –
(INDIRECT TAXES)
whether the service of rentg of pnt and machery is taxable? ' BY: Vipul Bhesaniya No answers yet View Answers | Post Answers |
| 8150 |
Dec. 18 2007 |
Deduction at source of Rajasthan Sales Tax –
(DIRECT TAXES)
What is the limit of the contract value exceedg which deduction at source of the Rajasthan Sales Tax is required ? ' BY: Vipul Bhesaniya No answers yet View Answers | Post Answers |
| 8152 |
Dec. 18 2007 |
RENT AND INTEREST ON HOUSING LOAN –
(DIRECT TAXES)
AN ASSESSEE IS HAVG A RENTED HOUSE MUMBAI.HE HAS BOOKED A HOUSE WHICH WILL BE THE CONSTRUCTION FOR TWO YEARS AFTER THAT HE WILL GET THE POSSESSION. HE HAS TAKEN A LOAN FOR THE NEW HOUSE THE QUION IS WHETHER HE CAN AVAIL BOTH THE BENEFITS THAT IS PAYMENT OF RENT U,S.10(13A) AND TER ON HOUSG LOAN U,S.24 ' BY: Ashok No answers yet View Answers | Post Answers |
| 8153 |
Dec. 18 2007 |
Donation to political party –
(CORPORATE & OTHER LAWS)
As per the provisions of Section 293A(2) of the Companies Act, 1956,Disclosure is required for donation to political party. Whether it should be a separate le item of P&L a,c or schedule or to be disclosed as ner note? ' BY: Nitin No answers yet View Answers | Post Answers |
| 8127 |
Dec. 15 2007 |
Educational Activities ---is it business activity –
(DIRECT TAXES)
Can anybody guide me as to how educational activity is termed as busess activity. My client is a society registered u,s 10 (23C0(vi). The assessg officer wants to term the educational activities as busess activities. HOW. the earlier year it has been assessed u,s 143(3) and then it was assessed as stitute givg educational activity, This year the A.O. wants to term the activities as busess activities and tax them. Kdly if any body has some high court rulg on defition of busess activities as the objects of the stitute is to give education and not do any busess, EVEN IF THERE IS BOUND TO BE SOME SURPLUS WHILE DOG EDUCATIONAL AVTIVITIES, URGENT PLEASE ' BY: M.M.Narang No answers yet View Answers | Post Answers |
| 8115 |
Dec. 14 2007 |
Treatment of Stamp duty on transfer of assets in case of merger. –
(MISC.)
How should the stamp duty on transfer of assets case of merger be treated the followg scenario.... The merger of a company was given by the Court the month of Oct 07 with a rrospective effect from Apr 06. The stamp duty on the transfer of assets of the transferror co to the transferee co is payable with one month of receivg the . Would it be appropriate to treat the stamp duty expenses as a prior period expenses? or should it be expensed out the current period? or should it be shown as a resudction from the reserves? ' BY: Arun Sridharan No answers yet View Answers | Post Answers |
| 8117 |
Dec. 14 2007 |
Rule 5 of the act –
(DIRECT TAXES)
To cim depreciat for a poer sector unit on WDV method, is it necesssary for the assesse to epress his option to the ITO before filg the urn of come(is it necessary for the assessee to give it writg for choosg the option to cim depreciation on written down value basis) ' BY: M.manoharan No answers yet View Answers | Post Answers |
| 8118 |
Dec. 14 2007 |
Audit of the Accounts of the borrower? –
(AUDIT)
Can the Concurrent Auditor undertake Audit of the accounts of a borrower of the branch concern? ' BY: Amal Kumar Mitra No answers yet View Answers | Post Answers |
| 8119 |
Dec. 14 2007 |
Reg> ST registration –
(Service Tax)
Dear all, One Travel Agent at KOLKATA(Former) entered to a contract with a national level Agent(ter) to book the tickets by usg the ters software and database. when the ticket is booked by the former a system generated voice is generated the name of the hyd based agents name on the headg showg the details of fare and taxes. The former collects the same from his customers and pays the whole amount to the ter, turn the ter pays commission to the former on each ticket deductg the TDS. The service tax collected on ticket is reimbursed to the department by the ter. My doubt is that do the former is required to register under the service tax?? Can the former act as an agent of the ter.????? if so what is the criteria??? Please crify Thankg anticipation Regards Manoj ' BY: Manoj No answers yet View Answers | Post Answers |
| 8120 |
Dec. 14 2007 |
FBT –
(DIRECT TAXES)
CALCUTION OF ADVANCE FBT TO BE DEPOSITED ON QUARTERLY BASIS. by which of the foLLOWG METHODS 1. WHETHER IT HAS TO BE CALCUTED ON EXP. CURRED ,TO BE CURRED BASIS 2. IT HAS TO BE CALCUTED AS PER ADVANCE COME TAX RULES i.e. 15%, 45%, 75% & 100% ON EACH QTR. ' BY: DINESH KHURANA No answers yet View Answers | Post Answers |
| 8108 |
Dec. 13 2007 |
SERVICE TAX REGISTRATION –
(INDIRECT TAXES)
Dear all, One Travel Agent at KOLKATA(Former) entered to a contract with a national level Agent(ter) to book the tickets by usg the ters software and database. when the ticket is booked by the former a system generated voice is generated the name of the hyd based agents name on the headg showg the details of fare and taxes. The former collects the same from his customers and pays the whole amount to the ter, turn the ter pays commission to the former on each ticket deductg the TDS. The service tax collected on ticket is reimbursed to the department by the ter. My doubt is that do the former is required to register under the service tax?? Can the former act as an agent of the ter.????? if so what is the criteria??? Please crify Thankg anticipation Regards Manoj ' BY: Manoj No answers yet View Answers | Post Answers |
| 8102 |
Dec. 12 2007 |
Credit of ST paid to GTA services –
(Service Tax)
Dear Learned members, One of my clients is an agent who is providg services of transportation to his clients. He does not issue consignment note. He simply avails services from transporter with transporter’s bill (cludg ST) his name and consignment note directly name of his client. Then he adds his profit on what transporter charged to him and raises his own bill to client with ST. this process he pays ST to GTA on what GTA billed to him and collects ST on transportation billed by him to his client. My quion is whether he can cim CENVAT credit under CENVAT Rules, for ST paid to GTA agast discharge of his liability for ST collected from his clients on his bill. Your earli suggion shall be highly appreciated. Warm Regards ANURAG L 09414919142 ca.anuragl@gmail.com ' BY: Anurag Lal No answers yet View Answers | Post Answers |
| 8105 |
Dec. 12 2007 |
registration of a trust –
(DIRECT TAXES)
dear colleagues, My friend wants to set up a busess where he troduces capital and lets it the form of hand loans to small vilgers for a very less rate of ter.The sole tention is community development and helpg an dividual. my quion is will it form the nature of charitable objective and eligible for 12A registration.Sce it is a fancg activity whether any approval is required to be taken from RBI? Crify with regards ' BY: b.ashok No answers yet View Answers | Post Answers |
