Sebi offers a way over FPI tax rule hurdle
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| Que. Id | Date | Description |
|---|---|---|
| 7824 |
Oct. 12 2007 |
APPOINTMENT OF AUDITOR –
(AUDIT)
WE HAVE BEEN APPOTED AS THE FIRST AUDITOR OF A LTD. COMPANY THE FIRST BOARD MEETG. THE COMPANY HAS BEEN FORMED TO TAKE-OVER THE COMPLETE BUSESS CLUDG ASSETS & LIABILITIES OF A PROPRIETORSHIP CONCERN. PLS. CRRIFY WHETHER WE ARE REQUIRED TO OBTA WRITTEN NO-OBJECTION FROM THE AUDITOR OF THE SAID PROPRIETORSHIP CPNCERN WHOSE BUSESS HAS BEEN TAKEN OVER BY THE COMPANY. CA. K.PARIDA M.NO-062003 ' BY: CA K.PARIDA No answers yet View Answers | Post Answers |
| 7825 |
Oct. 12 2007 |
Applicability of Capital Gains on Conversion own land into stock to construct the residential flats –
(Capital Gains)
Mr. X, proposed to contruct the rential fts on his own nd and sell it subsequently. The proposal, constrution and sales occurs the fancial year 2007-08 itself. The cost of aquisition of nd is Rs. 15 cs (after cost of dexation)and Rs. 70 cs spent on construction and sold the entire fts at 90 cs. On this What would be the busess come and capital gas ? ' BY: CA Mallikarjunaiah. B No answers yet View Answers | Post Answers |
| 7826 |
Oct. 12 2007 |
Applicability of VAT –
(VAT/Sales Tax)
Whether charges such as bour charges, octroi, loadg & unloadg charges will be applicable for VAT. i.e. whether VAT will be applicable on the gross amount cludg the above charges or on net amount of sale. ' BY: Ratnesh Chand Jain No answers yet View Answers | Post Answers |
| 7820 |
Oct. 11 2007 |
depreciation method –
(CORPORATE & OTHER LAWS)
can I change my method of depreciation from the WDV to straight le method ' BY: sampada desai No answers yet View Answers | Post Answers |
| 7821 |
Oct. 11 2007 |
Service Tax on Rental Property –
(Service Tax)
Service Tax The rent per month from a Commercial property is Rs.70,-. For the year 2007,08 the gross rent will be Rs.700,- and hence no tax need to be paid (June to March). Can the ndlord avail threshold Limit of Rs:8khs for the year 2008,09 also. ' BY: Ethirajan No answers yet View Answers | Post Answers |
| 7822 |
Oct. 11 2007 |
Service Tax Explanation –
(Service Tax)
A hotel Buildg with rooms, conference hall, shoppg area, raurant area is beg let out. Does this rent attract service tax view of expnation 2 to the defition of the immovable property found Service Tax regutions. ' BY: Ethirajan No answers yet View Answers | Post Answers |
| 7808 |
Oct. 10 2007 |
interest outstanding as per 43 B –
(DIRECT TAXES)
A concern is santioned an od limit agast fd of say rs. 1.00 crore. It utilises only say rs. 0.75 crore durg the year. ter charged thereon is say rs. 0.05 crore. There is no credits the account. Whether the ter will be disallowed u,s 43 B although it is with the overall limit. ' BY: Manish Saraogi No answers yet View Answers | Post Answers |
| 7810 |
Oct. 10 2007 |
Valuation of Rent Free Accomodation –
(DIRECT TAXES)
Amendment to Rule 3(2) to brg it le with the amendments Sec. 17(2)(ii)? ' BY: Rohit Pasari No answers yet View Answers | Post Answers |
| 7812 |
Oct. 10 2007 |
TDS on Event Management Services –
(DIRECT TAXES)
If i have to make payment towrads a sgle bill of an Event Manager for organisg conferences for my company and bill consists of payments towards draftg of press vites organisg of conference, designg the vitation cards prtg the cards prtg banners etc.. do i have to deduct tax at source u,s 194 C as Works Contract or as Advertisement Contract or 194 J as Professional Services to Event Manager? The contract is silent towards any specific terms it is p Organisg Press Conference...for my Company. ST registration of the Event manageris of FY 0607 with service category Adv. Please advice as regards TDS u,s 194C or 194J and if possible with ce to the relevant CBDT Circur. ' BY: Purvi Kalpesh Gandhi No answers yet View Answers | Post Answers |
| 7816 |
Oct. 10 2007 |
Transport Contract –
(DIRECT TAXES)
A wants to start a transportg contract busess. He does not own any Goods Vehicle. His liability under come Tax Act and Service Tax? Whether he can take the benefit of 44AC (or it is only for Civil contractors)? ' BY: anup agrawal No answers yet View Answers | Post Answers |
| 7818 |
Oct. 10 2007 |
NBFC company with ROC/RBI –
(MISC.)
requirements,guideles for corporatg a new NBFC company with ROC,RBI ' BY: mohan No answers yet View Answers | Post Answers |
| 7802 |
Oct. 09 2007 |
Section 80IB –
(DIRECT TAXES)
our assessee is carrg on busess at unit situated daman & cimg deduction u,s.80IB(4),nature of busess :manufacture & production of electrical goods.but AO disallowg deduction on the base that ass. has done only job work. ' BY: jyotibala rajgor No answers yet View Answers | Post Answers |
| 7804 |
Oct. 09 2007 |
applicability of service tax on construction services by Developer –
(Service Tax)
My client has busess of developg the nd if while developg activity if itis providg Resintial complex construction is it applicable to service tax? ' BY: sampada desai No answers yet View Answers | Post Answers |
| 7806 |
Oct. 09 2007 |
Rule 7C in Schedule BP of ITR –
(Profits & Gains of Business & Profession)
What is Rule 7C which is stated A 37 of schedule BP new come tax urn ITR 5 ' BY: Chaitanya No answers yet View Answers | Post Answers |
| 7789 |
Oct. 08 2007 |
rectification u/s 154 –
(DIRECT TAXES)
We have filed our urns for Asstt. year 2003-04, 2004-05 by due date. We had not received any timation , Assessment from department (no case of refund, payable). Can we file rectification applications for the years when we have no our hand. What will be the situation if it is a case of Wealth Tax urn. Also please mention the ed provision. ' BY: CA Neetu Nahar No answers yet View Answers | Post Answers |
| 7792 |
Oct. 08 2007 |
penalty u/s.271B Penalty –
(DIRECT TAXES)
from CA Makarand Patwardhan, audit is done,tax audit is done.tax audit report is furnished obtaed by client,but due to system problem efilg urn could not get uploaded on come tax website and efilg acknowledgement is not generated on or before due date(31.10.2007) whether penalty u,s.271B is applicable.relevant 3CD causes are also entered TTR5,ITR6 WAITG FOR AN EARLY REPLY THANKS CA MAKARAND PATWARDHAN ' BY: MAKARAND HEMACHAMDRA PATWARDHA No answers yet View Answers | Post Answers |
| 7795 |
Oct. 08 2007 |
Query related to Labour law –
(CORPORATE & OTHER LAWS)
Dear Sir, If the prcipal employer enters to service level agreement with contractor for availg facilitation services. addition to the service fees, it pays the contractor as per Mimum wages act (Basic + SA) per person per month. However, the -up of sary given by contractor to employees consists of various heads such as Basic+ HRA+ Conveyance allowance +Education allowance+ Overtime. This may result followg possibilities: Possibility 1: Actual basic is lesser than as per Mimum wages Act & Gross sary is lesser than gross as per MWA (Basic + SA) Possibility 2: Actual basic is lesser than as per Mimum wages Act & Actual Gross sary is equal to gross as per MWA (Basic + SA) Will there be any viotion under followg circumstances, if yes, under what provisions, and what will be the liability of prcipal employer? Please guide above matter. Thanks for ur conration prospect. ' BY: Pawan No answers yet View Answers | Post Answers |
| 7797 |
Oct. 08 2007 |
TAX AUDIT REPORT U/S 44AB –
(AUDIT)
NEW FORM OF COME TAX URN FOR THE A.Y. 2007-08 HAS SPECIFIED THAT NO ENCLOSURE BE FURNISHED ALONG WITH THE URN. THIS CIRCUMSTANCES, IS IT NECESSARY TO ENCLOSED TAX AUDIT REPORTS WITH THE I.T. URN FOR THE A.Y. 2007-08 ' BY: CA SUBHASH BANIK No answers yet View Answers | Post Answers |
| 7798 |
Oct. 08 2007 |
whether credit available in case of construction of factory premises –
(INDIRECT TAXES)
whether cenvat credit is avaible on puts used construction of factory premises Thanks ' BY: sulbha gadia No answers yet View Answers | Post Answers |
| 7784 |
Oct. 06 2007 |
Disallowance u/s. 40(a)(ia) –
(DIRECT TAXES)
Sir, Fact of the case. The assessee company is engaged the busess of sale of rial. The Company carried out job work from the contractor on the raw rial and the fish one is sold the market. Query My quion is the company has deduct the TDS on job work for the period 01.03.2007 to 30.03.2007 but paid it to the govt. dated 09.04.2007, while the due date is 07.04.2007 u,s. 200(1).whether the said expenses on which TDS was deducted will be disallowed and to be reported Tax audit. what is the liablity of the Tax auditor? ' BY: Jimi No answers yet View Answers | Post Answers |
