Sebi offers a way over FPI tax rule hurdle
You can add further comments to your query by clicking on "Add Comment".
This link will appear only, if you are logged-in with your user id and password. The same will appear as
"Querist Comment" on the Forum.
Click here to Post your Query >>5986 unanswered question(s) — Showing 3721–3740
| Que. Id | Date | Description |
|---|---|---|
| 7610 |
Sep. 09 2007 |
audit report of Pvt ltd. co. –
(CORPORATE & OTHER LAWS)
A pvt ltd company has rially misstated its assets, and the auditor has qualified the audit report for fy 2006. Durg f.y 2007 there are no rial misstatements (except for the c,f. of st year bance the b,sheet). whehter for the fy 2007 the auditor has to qualify the audit report owng to above fact? or can he give a unqualified audit report ? ' BY: guru No answers yet View Answers | Post Answers |
| 7611 |
Sep. 09 2007 |
precautions when previous auditor did mistakes –
(AUDIT)
iam an auditor for an stitution. The previous auditor has done some mistakes falisg the previous fancial statements. so my quion is what precautions should i take the current year to rectify the above mistakes? is it possible to take a management letter from the management and rectify the same? ' BY: chandra sekhar No answers yet View Answers | Post Answers |
| 7601 |
Sep. 08 2007 |
Valuation of finished goods –
(AUDIT)
A Ltd. is a manufacturg company which manufactures excisable goods.The rate of excise duty applicable is 16%. For the year ended 31.3.07 the closg stock of fished goods is Rs.10 Crore.Please form: a)What is the value of fished goods to be adopted as closg stock. b)what are the journal entries to be passed to give effect to the above value of fished goods. c)whether provision for closg stock should be routed through P&L and shown as current liabilities the Bance Sheet? ' BY: N.Muralidharan No answers yet View Answers | Post Answers |
| 7602 |
Sep. 08 2007 |
WHO IS TAX PAYER –
(INTERNATIONAL BUSINESS)
A & B ARE SON OF X.X IS A HOLDER OF HUF . HUF PROPERTY WERE TWO HOUES. BOTH ARE LETOUT.AFTER SOME TIME X IS DAID.AFTER THE DEATHX. WHO ARE TAX PAYER. A & B OR HUF. ' BY: Kamal kant goyal No answers yet View Answers | Post Answers |
| 7603 |
Sep. 08 2007 |
Claiming Exemption U/s 10 (23C) (iiiad) –
(DIRECT TAXES)
for cimg exemption u,s 10(23C) (iiiad) i.e. whether any prior permission required from come Tax Department. If yes then what is the procedure. ' BY: SANDEEP KUMAR JAIN No answers yet View Answers | Post Answers |
| 7605 |
Sep. 08 2007 |
Central Excise Tariff –
(INDIRECT TAXES)
Is Central Excise Tariff avaible , if yes can u please provide me the lk? ' BY: anup agrawal No answers yet View Answers | Post Answers |
| 7593 |
Sep. 07 2007 |
Delay in TDS deposition –
(TDS/TCS)
Assessee is AA css civil contractor. he has deducted TDS on works sub contract durg (1-1-05 to 31-3-05)Q-4 of Fancial year 2004-05. the TDS was deposoied by him on 2-6-07 & 7-6-07. Now AO has disallowed all the amount of works contract amountg RS. 50.00 cs and levied ter u,sec. 234 B & C. Assessee has also come FY 05-06 amountg Rs. 30.00 cs. My two ma concern is whether AO is correct by disallowg Rs. 50.00 cs FY 04-05? Whether this amount can be C,F as busess and adjusted Rs. 30.00 cs by revisg the urn of FY 05-06 and Rs. 20.00 cs FY 06-07. Futher is there any case decided where ter u,sec. 234 B & C can be waived as dey just of 2 days, tention of assessee is fair. ' BY: Sangeeeta No answers yet View Answers | Post Answers |
| 7597 |
Sep. 07 2007 |
MINIMUM ALTERNATE TAX –
(DIRECT TAXES)
AS AT 31-03-2007, A COMPANY IS COMG UNDER MIMUM ALTERNATE TAX PERVIEW AMOUNTG TO LY RS. 1 KH. WHAT IS THE ACCOUNTG ENTRY TO BE PASSED THE BOOKS OF ACCOUNTS AS AT 31-03-2007. ' BY: SBS MURTHY No answers yet View Answers | Post Answers |
| 7568 |
Sep. 04 2007 |
Basel II –
(OTHER BODIES)
Can somebody give me a lk to a write up on the above subject. I also want to know how Implementation of Basel II will change,affect the current Bankg Scenario dia. ' BY: Sreeram Parameswaran No answers yet View Answers | Post Answers |
| 7569 |
Sep. 04 2007 |
FBT on travelling expenses cancellation charges.. –
(DIRECT TAXES)
A company has curred canceltion charges on account of travellg ticket canceltion. These expenses are debited to travellg expenses and FBT is charged on this amount also. Here my query is it is fair to subject the canceltion charges to travellg expenses also to FBT .Can We exclude this canceltion charges from the travellg expenses and avoid FBT. Is this a right practice. And also dicate the account which this canceltion charges should be debited if they are not debited to travellg expenses. ' BY: Gitika No answers yet View Answers | Post Answers |
| 7570 |
Sep. 04 2007 |
Regarding section 145A of The Income Tax Act,1961. –
(DIRECT TAXES)
We are conductg audit U,s 44AB of The come Tax Act,1961.VAT is applicable C.G.first year.When we are preparg the Tradg net of VAT and Duty. Please express us,wheather section 145A to be reported 3CD. ' BY: RAJESH KUMAR GOLCHHA No answers yet View Answers | Post Answers |
| 7571 |
Sep. 04 2007 |
Interest on delayed payments to a foreign supplier - whether tds applicable or not? –
(DIRECT TAXES)
An dian partnership firm is importg goods from an uned foreign entity Dubai. The Dubai entity charges ter of around 20L on deyed payments on the dian firm. Is this subject to TDS u,s.195. Is this payment disallowed u,s.40(a)(ia). ' BY: V.Manoj No answers yet View Answers | Post Answers |
| 7572 |
Sep. 04 2007 |
criminal, civil liability,penalty under companies Act ? –
(CORPORATE & OTHER LAWS)
what is meang of crimial offence, crimal libility? As per sec 162 non filg of annual urn attract penalty@ per day. Non filg is a crimal offence or civil? If the company has 3 Directors, whether penalty is leviable for each Directors plus the company i.e 2,000 per day for the period of default? the section only penalty is mentioned, no imprisonment is mentioned. What is ference? ' BY: M.JAYARAMAN No answers yet View Answers | Post Answers |
| 7576 |
Sep. 04 2007 |
Service-tax rate –
(Service Tax)
Kdly give me the date when service-tax rate of 12.36% is effective. ' BY: Tanuj Agrawal No answers yet View Answers | Post Answers |
| 7580 |
Sep. 04 2007 |
Applicability of Service Tax –
(Service Tax)
Is copyright of images covered under service tax act? ' BY: CA. Praveen Gupta No answers yet View Answers | Post Answers |
| 7560 |
Sep. 03 2007 |
Code of Ethics –
(AUDIT)
Can a CA do Job and hold COP Simultaneously. ' BY: Varun Soni No answers yet View Answers | Post Answers |
| 7547 |
Sep. 01 2007 |
Service-tax Return Form No. ST-3 –
(Service Tax)
Mr. A has obtaed registration the month of August, 2007, but he was liable to pay service-tax from April, 2004. He deposited his entire tax liability alongwith ter the month of August, 2007 and wants to file service-tax urns from April, 2004 Form No. ST-3 but service-tax department has refused to accept his urns pertag to the period prior to the date of registration. What to do? Is Mr. A liable to file ST-3 urns for the period prior to his date of registration? Kdly eborate. ' BY: Tanuj Agrawal No answers yet View Answers | Post Answers |
| 7548 |
Sep. 01 2007 |
balancesheet figure club or not –
(DIRECT TAXES)
i m dog article ship and i m dog one proprietorey firm audit but fal we prepare urn pf that we conform that ITR 4 is necessary.but proprietory has another proprietory firm. My query is that we have to club another propory firm bancesheet to the ma report ehich cover audit ' BY: chintan No answers yet View Answers | Post Answers |
| 7552 |
Sep. 01 2007 |
TDS on payments made outside India –
(AUDIT)
A Company deputes its employees out dia (USA). The dian company also matas Gu Houses USA to house its employees and directors visitg that country. The dian company has opened an bank account USA and transfers funds from dia for expenses. The expenses maly clude House Rent, Furniture Rent, Professional Fees (Security Check) etc., and such expenses are paid directly from the bank account mataed USA. These expenses are accounted the books of accounts mataed dia. My query is whether such expenses needs to be paid after deduction of Tax at Sources U,s 195. As a measure of TDS pnng what are the other ways. ' BY: Prakash Kadur No answers yet View Answers | Post Answers |
| 7553 |
Sep. 01 2007 |
penalty u/s 162/220 for non filing of annual return, b/s ? –
(CORPORATE & OTHER LAWS)
A PRIVATE CO DID NOT FILE B,S AND ANNUAL URN FOR SAY 2003. ROC FILED A CASE FOR VIOTION. COMPANY SHARE CAPITAL IS ONLY 1,00,000. COMPANY CURRED A . THE FIRST YEAR 2000 COM PANY ALREADY FILED B,S AND A,R AND SUBSEQUENTLY NO CHANGE. NO LOANS, NO CREDITOR, NO GOV DUES. iS IT JUSTIFIED TO IMPOSE NIL PENALTY AS THE COMPANY HAD NO SOURCES AND DIOR IS HOUSE WIFE, STUDENT. WHETHER PENALTY IS MANDATORY. IS THERE ANY CASE WS WHERE PENALTY IS ZERO. SOLICIT YOUR VIEWS. ' BY: M.JAYARAMAN No answers yet View Answers | Post Answers |
