Sebi offers a way over FPI tax rule hurdle
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| Que. Id | Date | Description |
|---|---|---|
| 7705 |
Sep. 24 2007 |
Short Deduction of TDS –
(DIRECT TAXES)
Due to oversight a firm did not deduct the Education Cess form the contract amount paid to a company. If Rs 10 cs paid on different dates to company which EC was not deducted but the TDS and SC was deducted and paid timely . The EC was then shown as deducted on the same date but was deposited June 2005 i.e. after the F Y. i.e. supoose TDS is Rs 20000, SC is and EC is Rs 410 the assessee paid Rs 20 but EC was not paid the same FY. Is the entire amount of Rs 10 c will be disallowed u,s 40(ia) or a proportate amount shoud be disallowed i.e. Rs 19607 should be disallowed. ' BY: rkdhandia No answers yet View Answers | Post Answers |
| 7708 |
Sep. 24 2007 |
TDS on Internet Lease Line of BSNL –
(TDS/TCS)
We are payg around Rs.5 cs pa to BSNL as rental for ternet lease le. Whether it attracts TDS u,s 194I ? It is a Govt. of dia undertakg. U,S 194I it is also mentioned that TDS is not applicable for any Rent paid to Government. Plz Sugg ' BY: Panchanana Panda No answers yet View Answers | Post Answers |
| 7711 |
Sep. 24 2007 |
INTEREST ON EDUCATIONAL LOAN –
(DIRECT TAXES)
I HAVE TAKEN EDUCATIONAL LOAN FROM BANK FOR SON EDUCATION .PLEASE TELL I.T.DEDUCATION ADDMISIBLE FOR TER AND LOAN REPAYMENT ' BY: SURESH KUMAR No answers yet View Answers | Post Answers |
| 7702 |
Sep. 23 2007 |
Applicability of AS to Boards incorpated under Govt. Statute –
(AUDIT)
Wether Accountg Standards are applicable to the Boards which are corporated under special statue by the respective state or central government. The activities of the boards are not commercial and they have to prepare its accounts as prescribed by the government. ' BY: JAYPRAKASH G.SHAH No answers yet View Answers | Post Answers |
| 7698 |
Sep. 22 2007 |
capital gains??? –
(Capital Gains)
can one clude stt cost of equity? can one simultaneously show capital ga and come from other sources( i.e come from capital assets specially derivatives,F&O) ' BY: arun No answers yet View Answers | Post Answers |
| 7699 |
Sep. 22 2007 |
Dividend –
(DIRECT TAXES)
Can a dividend reced by a Co-operative Bank is exempt u,s 10(34) or u,s 10? ' BY: Anita No answers yet View Answers | Post Answers |
| 7687 |
Sep. 21 2007 |
Revised TDS return –
(DIRECT TAXES)
Is there any time le to file revised TDS urn as per I.T. Act & if it is then which section? Regards, Manish ' BY: MANISH KUMAR GUPTA No answers yet View Answers | Post Answers |
| 7688 |
Sep. 21 2007 |
DEDUCTION U/S 80IB –
(DIRECT TAXES)
WHETHER DEDUCTION U,S 80IB RESPECT OF PROFITS DERIVVED FROM HOUSG PROJECTS IS AVAIBLE TO ANY ASSEESSEE OR IT IS AVAIBLE TO ONLY COMPANY ' BY: OMPRAKASH GUPTA No answers yet View Answers | Post Answers |
| 7690 |
Sep. 21 2007 |
In case of commercial developers of flats , if few flats completed and sold and others are in W-I-P –
(DIRECT TAXES)
Dear sir, one of my clients is a commercial developer of buildgs to be sold to the public. the current year it has sold few completed fts and others are w-i-p. Now the nd on which the buildg is constructed is a capital asset purchased before 1980. Sce the current year few fts were sold ,how the capital ga tax on conversion of the nd to stock trade should be computed . the problem is all fts are not yet complete and sold. ' BY: NISHITH DUTTA No answers yet View Answers | Post Answers |
| 7692 |
Sep. 21 2007 |
Deduction u/s 10B –
(DIRECT TAXES)
case of a STP unit it has to file softex forms with the Softex Technology Park of dia on monthly basis. Is it necessary u,s 10B to file the softex to cim exemption. Like if a STP unit does not file softex and get the payment of an voice with the prescribed then is it possible to cim the excemption. Secondly if it does not recognise the revenue and gets the payment. that sitution would exemption be avaible. ' BY: Pavananshu Saxena No answers yet View Answers | Post Answers |
| 7693 |
Sep. 21 2007 |
service tax credit –
(Service Tax)
hi to all. please crify my doubt. is any time limit for carry forward service tax putcredit. ' BY: ch.ramesh No answers yet View Answers | Post Answers |
| 7694 |
Sep. 21 2007 |
APPLICABILITY OF TDS –
(DIRECT TAXES)
We have a scenario where a Company XYZ Limited is organisg Foreign Tour to its dealers and employees. The Foreign Tour package consists of cost of air ticket + accomodation + sight seeg + entrance fee + guide charges etc. The bill will be raised by the Tour Operator on XYZ Limited. The queries are:- 1. Whether TDS needs to be deducted while makg the payment to the tour operator? If so under which section. 2. To avoid FBT the Company tends to form the tour operator to raise the bills on the dealers or employees directly. But based on the letter from the dealer or employee their account is debited and payment is released to the Tour operator. The amount of tour expense is paid either as sary to the employee and applicable TDS is discharged. The query is to know whether TDS is applicable while makg payment to the Tour operator on behalf of the dealers , employees ? Regards Raman ' BY: S RAMAN KUMAR No answers yet View Answers | Post Answers |
| 7686 |
Sep. 20 2007 |
Business expenditure –
(DIRECT TAXES)
The assessg officer has capitalised the life-time vehicle road tax and vehicle surance paid statg that the same was curred before the vehicle was put on road. Please discuss and enlighten whether the AO was justified this regard. Whether it would make a difference if the accounts were of a contractor and the same were mataed on cash basis. Thank you. ' BY: a v varaiya No answers yet View Answers | Post Answers |
| 7677 |
Sep. 20 2007 |
FBT return for the year ended 31.3.2007 –
(FBT)
Whether a Co.-operative bank can file paper urn stead of E-urn filg? ' BY: Arvind Sethiya No answers yet View Answers | Post Answers |
| 7679 |
Sep. 20 2007 |
FBT Retrun of Co-opearative Bank? –
(FBT)
Whether a Co.operative Bank are liable to file paper urn of E-filg ? ' BY: ARVIND KUMAR SETHIYA No answers yet View Answers | Post Answers |
| 7672 |
Sep. 19 2007 |
TDS on Parking Yards –
(DIRECT TAXES)
on the payments to parkg yards (twho wheelers , 4 wheelers)- whichn is common to public , whether TDS needs to be deducted U,s 194C or 194 I ' BY: naveenkumar No answers yet View Answers | Post Answers |
| 7664 |
Sep. 18 2007 |
What is the liability of Interest if advance tax is not deposited on due date ? –
(DIRECT TAXES)
If advance tax is not deposited on Sep. 15th 2007 but is deposited te by 2 days for second quarter does any liability of ter arises u,s 234C. ' BY: Gurpreet kaur No answers yet View Answers | Post Answers |
| 7665 |
Sep. 18 2007 |
FILING OF ITR –
(DIRECT TAXES)
SIRS, PLEASE CRIFY MY DOUBTS q1. If mr. M.who is carryg a proprietorship busess which requires 44AB audit expires , and his elder son contue the busess as propor,whether this fact is to be highlighted 3cb,3cd. Q2. if the stock dealt is of many verieties and of different sizes(kg, metres, boxes) and when it is difficult to give quantitative details practically, how one should proceed with ITR 4 which requires details of stock. ' BY: veerendra.murashillin No answers yet View Answers | Post Answers |
| 7660 |
Sep. 17 2007 |
LEASEHOLD LAND ON EXPIRY OF TERM –
(CORPORATE & OTHER LAWS)
A nd was leased out for 30 years. The lessee build a buildg thereon from his own fund. On expiry of lease, the nd was to be urned to the lessor as the lease is not gog to be extended. The lessor is not tered g the buildg. What will happen to buildg, if the agreement is silent on it. ' BY: Subhash Singhal No answers yet View Answers | Post Answers |
| 7645 |
Sep. 15 2007 |
ITR-6 downloded from Income Tax Site –
(DIRECT TAXES)
My ma concern the ITR-6 is ed to specution . schedule BP part B computation of come from specutive busess : i am not able to sert specutive as - ive figure is not allowed to enter at the given cell. Pl. advise how this figure disclose ITR. ' BY: Sangeeta Bordia No answers yet View Answers | Post Answers |
