Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5986 unanswered question(s) — Showing 3541–3560
| Que. Id | Date | Description |
|---|---|---|
| 8003 |
Nov. 26 2007 |
cenvat claim in respect of capitalisation –
(Service Tax)
Dear friends, I would like to ask you cenvat cim respect of capitalisation of a project. My client is constructg a shoppg mal cum multiplex. He got service tax number. The project has been given to a contractor company for civil construction. They are chargg fee alongwith service tax. The contractee is pnng to give all the mall for lease. Now, he received notice from service tax department to file half yearly urn demandg that any dues to be paid. Can my client now cim the service tax component paid already ( cludg the service tax of earlier year also) respect of civil contractors of its project? If so, can it be carried forward to the year which it commences renderg of services? ' BY: VENKATA SATYA SRINIVAS KARA No answers yet View Answers | Post Answers |
| 8004 |
Nov. 26 2007 |
Accounting for construction contracts, for contracts entered prior to 1-4.2003 –
(DIRECT TAXES)
A Private limited company was entered to a contract for construction of rential fts the fancial year 1997-98 . prior to Applicblity of AS -7. The company is followg contract completion Method sce the begg of the contract and the same beg followed consisitently.The amount spent on the project is beg transferred to WIP and the amounts received from the contractee is shown under Current liabiliites. The Profit or on the contract will be derived the year of completion of contract .So far no come was offerred to Tax. Query: whether the system followed by the company is le with AS- 7 or correct or not correct? case , come tax dept tends to follow Progress method and levy tax on difference between amount received form contractee and amount spent on the project , whether the stand taken by the department is correct? The company tends to offer profit or on the completion of the contract. Which is legally tenable ? KDLY GIVE US EXPERT ADVICE SUPPORTED BY CASE W ? ' BY: K.SAMBASIVA RAO No answers yet View Answers | Post Answers |
| 8005 |
Nov. 26 2007 |
Gross Turnover of Purchases –
(VAT/Sales Tax)
Can we show Gross Turnover of purchase net of expenses(LIKE PRTG & STATIONERY PURCHASE) on which vat has not been charged by givg a note for the same. ' BY: Mahavir Jain No answers yet View Answers | Post Answers |
| 8006 |
Nov. 26 2007 |
CIRCLE RATE IN ASE OF REGISTRATION OF PROPERTY –
(DIRECT TAXES)
MY CLIENT HAS PURCHASED A PLOT GURGAON AND REGISTERED IT FOR VALUE FOR RS. 2.82 CRORE BUT DUE TO CIRCLE RATE THE STAMP DUTY WAS PAID ON CIRCLE RATE I.E. ON RS. 3.00 CRORE. NOW THE ITO WANTS TO ADD THE DIFFERENCE OF RS. 12 CS AS UNDISCLOSED VMENT. PLEASE LET ME KNOW WHETHER THE ITO IS CORRECT AND IF YES WHAT IS THE CASE W IF ANY ' BY: RAJEEV CHOWDHARY No answers yet View Answers | Post Answers |
| 8007 |
Nov. 26 2007 |
80IB –
(DIRECT TAXES)
dear friends please help me to calcute the profit under sec 80IB. how do i calcute the deduction to be cimed under 80IB FOR A SPONGE IRON, SMS, WIRE ROD MILL, POWER PNT, PRODUCER GAS PNT AND TMT MILL UNDER ONE COMPANY. ' BY: ANUJ JAISWAL No answers yet View Answers | Post Answers |
| 7996 |
Nov. 24 2007 |
Goods Transport Agency –
(Service Tax)
case of goods transport company. is it ncessary to show full gross amount billed the ST-3 or only show the amount on which service tax has been charged. If full gross amount is to be shown than where to show amount on which service tax have not been charged. ' BY: Mahavir Jain No answers yet View Answers | Post Answers |
| 7998 |
Nov. 24 2007 |
TDS ON SUPPLY CUM FABRICATION CONTRACT –
(DIRECT TAXES)
A COMPANY IS PURCHASG VARIOUS PNT FROM ITS MANUFACTURER WHICH ARE FABRICATED AND STALLED ALSO BY MANUFACTURER AT THE ERS SITE. A COMPOSITE PURCHASE IS ISSUED BY THE ER MENTIONG THE TOTAL PRICE OF THE CAPITAL GOODS CLUDG PREPARATION OF DRAWGS, APPROVAL OF DRAWGS BY ER,FABRICATION AND ERECTION OF PNT , STALTION AND FREIGHT ETC. MANUFACTURER OF THE PNT SHALL BE CHARGG CENTRAL EXCISE DUTY AND VAT AS APPLICABLE THE VOICE WHEN RAISED. PAYMENTS ARE MADE BY THE ER TO THE MANUFACTURER OF PNT STAGES LIKE APPROVAL OF DRAWGS, FABRICATION, ERECTION, SUPPLY OF PNT AND ON SUCCESSFUL PERFORMANCE OF PNT AS AGREED UPON BETWEEN THE TWO. 1.WHETHER THERE IS ANY TDS LIABILITY ON ER WHILE RELEASG THE PAYMENT TO THE MANUFACTURER OF PNT AT THE TIME OF VARIOUS STAGES? 2.IF YES THEN UNDER WHICH SECTION AND WHY AND ON HOW MUCH AMOUNT? 3.WHETHER ANY CASE W SUPPORTS THIS? CA BRAJESH AGARWAL ' BY: BRAJESH AGARWAL No answers yet View Answers | Post Answers |
| 7992 |
Nov. 23 2007 |
Gross Turnover of Purchases (GTP) –
(VAT/Sales Tax)
Can we exclude URD purchases cluded the expenses from gross turnover of purchases and give a note for the same dicatg that we have not cimed setoff so same has not been cluded the GTP ' BY: MAHAIR JAIN No answers yet View Answers | Post Answers |
| 7993 |
Nov. 23 2007 |
GOODS TRANSPORT AGENCY –
(Service Tax)
case of a transport comapny, company has charged service tax on some bills. whether ST-3 gross billg will be shown or only amount on which ST is charged will be shown. if 1st case than how will we show exempted amount and under which notification. ' BY: Mahavir Jain No answers yet View Answers | Post Answers |
| 7994 |
Nov. 23 2007 |
Renting of Immovable Property –
(Service Tax)
Facts of the case.... 1-Assessee is havg 3 different properties 3 different states. 2-All properties are rented through agreement.No separate billg is done. 3-Rent is received at rence of the assessee or a sgle bank a,c. whether the assesse is required to take SEPARATE REGISTRATION or CENTRALISED REGISTRATION. Please mention any specific circur this regard, if any. ' BY: Gaurav Goyal No answers yet View Answers | Post Answers |
| 7995 |
Nov. 23 2007 |
Procedure for centralised registration under service tax act –
(Service Tax)
Please provide the procedure of centralised registration under service tax act ? ' BY: Gaurav Goyal No answers yet View Answers | Post Answers |
| 7988 |
Nov. 22 2007 |
Whether two course of action possible –
(DIRECT TAXES)
Assessment for A.Y. 2003-04 was made u,s 143(3). Case was reopened u,s 148 based on Audit Objection. We filed writ H.C.. Meawhile AO passed u,s 148. Do we require to appeal agast the with CIT(A), takg view that our writ is pendg before H.C.. If we donot appeal agast, then whether period of limitation apply for filg appeal to CIT(A). ' BY: Sanjeev Garg No answers yet View Answers | Post Answers |
| 7989 |
Nov. 22 2007 |
Deduction U/s 80IB –
(DIRECT TAXES)
Views required on the followg issues g to deduction under sec. 80IB(11A):- 1. Whether Export centives (Profit on sale of DEPB) are eligible for computg profits for the purpose of deduction U,s 80IB(A), 2. Whether the company can revise CA certificate issued for deduction U,s 80IB(11A)with revise CA Certificate and ,or revised data can be produced durg the course of assessment proceedgs. ' BY: vineet aggarwal No answers yet View Answers | Post Answers |
| 7990 |
Nov. 22 2007 |
Formation of Private Trust –
(CORPORATE & OTHER LAWS)
case of formation of private trust what are the requirements. Whether it is registered elsewhere? What are the tax implications for that and any other provisions applicable to Private trust as far as come Tax is concerned. What are the consequences of non-registration of the Private Trust formed for charitable activities. Please give full details. ' BY: Ratnesh Chand Jain No answers yet View Answers | Post Answers |
| 7991 |
Nov. 22 2007 |
Is Electronic Weighing Machine an IT Product? –
(MISC.)
Is Electronic Weighg Mache an IT Product? ' BY: Anup Agrawal No answers yet View Answers | Post Answers |
| 7976 |
Nov. 21 2007 |
jurisdiction –
(Service Tax)
where will the jurisdicion of service tax fall case of rentg of immovable property. Where the property is situated or from where the bill is issued? ' BY: ABHINAV AGARWAL No answers yet View Answers | Post Answers |
| 7977 |
Nov. 21 2007 |
effective date –
(Service Tax)
from when the notification nos. 40 & 41,2007 regardg refund of service tax to exporters is effctive? ' BY: ABHINAV AGARWAL No answers yet View Answers | Post Answers |
| 7981 |
Nov. 21 2007 |
Applicability of stamp duty in regard to conversion of proprietor business in to a private limited c –
(MISC.)
Could any one crify as to whether stampduty is applicable tamilnadu respect of transfer of immoveable assets from a propiorship busess to a private limietd company. ' BY: R.Prakash No answers yet View Answers | Post Answers |
| 7982 |
Nov. 21 2007 |
investment in shares –
(DIRECT TAXES)
Dear sirs, One of our client , a Society , has ved some of their funds Shares. They said that the members of the Society have no substantial ter the vments and they held the vment for earng come which will be utilised only for the objects of the Society. Sir my quion is whether the society is allowed to v marketable securities ' BY: jojijose No answers yet View Answers | Post Answers |
| 7984 |
Nov. 21 2007 |
Dividend reinvested in ELSS fund –
(DIRECT TAXES)
The Dividend decleared under an Elss Fund when reived through Dividend revment option, is it allowable as deduction u,s 80c of The come tax act ' BY: AMAR KUMAR AHUJA No answers yet View Answers | Post Answers |
