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Top 50 Questions UnAnswered Queries

5986 unanswered question(s) — Showing 3561–3580

Que. Id Date Description
7985 Nov. 21
2007
exemption u/s 2(ea((i)5 of wealth tax act 1957 against godown let out by asseessee from valuation u/ – (DIRECT TAXES)
a godown was let out by the asseessee to sister concerns conteously for 3-4 year ,whether it has to be cluded taxable wealth of the company and,or comes under exemption u,s 2(ea)(i)5 as words used said cuse isany property the nature of commercial abilishments or complexes. '
BY: LAXMIKANT SINGH
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7986 Nov. 21
2007
ESOP – (CORPORATE & OTHER LAWS)
Dear Colleague Pls help!! My company has trodued the ESOP scheme. company has taken upfront amount (Exercise price and FBT) but company has not issued allotment letter. whether the company utilise these fund for there purpose. pls tell is there any section which talk this. Regards Akhil '
BY: Akhil Gupta
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7987 Nov. 21
2007
design details services provided in road construction contract – (Service Tax)
My client received a payment for providg design details services from ma contractor whohas got government road construction contract. Please crify whether services of design detail provided ion to road construction contract exempt from serice tax. '
BY: vithal
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7973 Nov. 20
2007
CREDIT NOTE REGARDING REVISION OF BASIC VALUE OF INVOICE – (VAT/Sales Tax)
ORIGALLY RIAL WAS DESPATCHED ON 30TH MARCH,2007 BY PAYG TAMILNADU VAT AT THE RATE OF 12.5%. AS PER THE TERMS OF THE CONTRACT, CUSTOMER WANTS THE RIAL WITH NIL TAX BY DOG THE TRANSACTION UNDER TRANSIT SALE, BUT SELLER WANTS TO GET THE BENEFIT OF PUT TAX CREDIT, CLEARED THE GOODS AT 100% BASIC VALUE BY PAYG TNVAT BUT NOT CST. THE QUERY IS AS THE CUSTOMER IS NOT ENTITLED TO PAY ANY EXTRA ON ACCOUNT OF SALES TAX, AS THE SELLER HAS TO ABSORB THE TNVAT PART, CAN WE REVISE THE BILL BY RAISG CREDIT NOTE TO THE EXTENT OF TNVAT AND GET THE REFUND FROM COMMERCIAL TAX AUTHORITIES. IS THERE ANY TIME LIMIT FOR RAISG CREDIT NOTE AS ABOVE. '
BY: K.VIJAYA LAKSHMI
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7975 Nov. 20
2007
distribution tax – (DIRECT TAXES)
A company sells all its assets and pays capital gas tax on the sale proceeds.There are 10 share holders , can the company piece meal distribute the cash on hand to its shareholders. Any tax implication! '
BY: ashok duraisamy
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7969 Nov. 19
2007
online vat no – (VAT/Sales Tax)
Can i search my vat t no and details '
BY: anand
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7971 Nov. 19
2007
DIVIDEND REINVESTMENT IN MUTUAL FUND ELSS SCHEME – (DIRECT TAXES)
DIVIDEND DECRED & REVED AN ELSS SCHEME OF DIVIDEND REVMENT OPTION OF ELSS MUTUAL FUND IS ALLOWED AS DEDUDTION U,S 80-C OF THE COME TAX ACT OR NOT '
BY: AMAR KUMAR AHUJA
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7972 Nov. 19
2007
TDS FOR PROVISION! – (DIRECT TAXES)
IS DEDUCTION OF TAX TO BE MADE WHEN A PROVISION FOR AN EXPENSE IS CREATED? OR IS TDS APPLICABLE ONLY WHEN CREDITG THE PARTY? '
BY: R.VENKATACHALAM
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7968 Nov. 17
2007
Drafting of memorandum and bylaws for the political party – (MISC.)
Where we can get model of memorandum and byws for the political party. '
BY: kalaialagan
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7962 Nov. 16
2007
VAT Audit U\s 240 of Karnataka VAT – (INDIRECT TAXES)
Whether VAT Audit is compulsory for all the entities who are registered under VAT, Moreover the Criteria of Rs 40 cs is achieved & then also there is a dilema whether the concern has to undergo VAT Audit or not. '
BY: Deepak Dath. D
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7963 Nov. 16
2007
Interest on MAT Liability – (DIRECT TAXES)
Is the ter u,s 234B & 234C payable on MAT liability computed u,s 115JB. Can any decision of the lower court or assessment,appeal be referred other than decision of the Supreme Court Kwality Buiscuit case..Pl advise if rulg applicable u,s 115J is also applied to section 115JB. '
BY: KRISHAN KANT AGARWAL
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7964 Nov. 16
2007
Interest on MAT Liability – (DIRECT TAXES)
Is any ter u,s 234B and u,s 234C is leviable on MAT liability computed u,s 115JB? Is there any decision of lower court or assessment,appeal of chargg,not chagg ter on MAT computed u,s 115JB. Can the decision of Honble SC Kwality Buiscuits case be applied to section 115JB? '
BY: KRISHAN KANT AGARWAL
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7965 Nov. 16
2007
Revision of accounts – (AUDIT)
Sir, Audit Report under Section 44AB of the come Tax Act and the accounts were signed with clear reference & subject to fal audit and approval of the Board.ter on there were certian changes the said accounts and has to signed as statutoey auditor. Will it be necessary to mention it as a revised accounts and dicate the reasons of revision reference to the previos Bance Sheet given.Please note that it is Govt Company and the accounts are normally deyed, and this practice is followed. Thanks Charan Dass Sharma '
BY: Charan Dass Sharma
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7966 Nov. 16
2007
Due date of payment of taxes – (DIRECT TAXES)
The TDS deducted has been regurly deposited the bank on the due date (ie) with a week of deduction, whereas the chaln date given by the bank dicates the date of realisation. Is there a dey remittance of TDS and liable for ter or the proof of debit the pass sheet is sufficient to prove that it has been deposited with a week of deduction '
BY: Radhakrishna Tantry
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7959 Nov. 15
2007
rate of depreciation on guest house – (DIRECT TAXES)
WHAT IS THE CORRECT RATE OF DEPRECIATION FOR GU HOUSE? '
BY: CHEERAN VERGHESE
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7960 Nov. 15
2007
VAT and CST will not come together – (VAT/Sales Tax)
Why VAT and CST will not go together? hat is the ma difference between VAT and CST? '
BY: KARTHEEK PABBISETTY
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7953 Nov. 14
2007
TDS on Payment to travel Agents – (TDS/TCS)
Travel tickets were booked through agents and the payments were made to him.Sce Payments cludes both the ticket amount and his chargers towards the service it crosses more than 50K. Does it required to deduct TDS U,S 194C.If yes on the total amount or only on the service charges whcih would be his real come. '
BY: KANNAN.M.J
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7954 Nov. 14
2007
provision for NPA of investments allowable? – (DIRECT TAXES)
IS provision for NPAs of vments for schedule banks an allowable expenditure? if yes, under which section? '
BY: R.Venkatachalam
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7956 Nov. 14
2007
cooperative bank computation – (Profits & Gains of Business & Profession)
TDS on commission paid to pigmy agents is not paid with due date but before 31st mar 07 or before 31st oct 07, whether this expenditure is allowed u,s 40a i,ia. further,whether provision made for standard assets, npa provision, transfer to buildg fund are allowed. '
BY: ca.sanjay jaju
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7957 Nov. 14
2007
LONGTERM CAPITALGAINS EXEMPTION UNDER SECTION 10(37) – (DIRECT TAXES)
WHETHER THE LONGTERM CAPITAL GAS ARISG ON ACCOUNT OF COMPULSORY ACQUISITION OF AGRICULTURE NDS WITH THE URBAN LIMIT BY THE GOVERNMENT OF PONDICHERRY IS EXEMPTED UNDER SECTION 10(37) OF THE COME-TAX ACT. '
BY: V.Nagaraj
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