Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5986 unanswered question(s) — Showing 3881–3900
| Que. Id | Date | Description |
|---|---|---|
| 6850 |
Jun. 15 2007 |
SERVICE TAX ON GTA ( Service receiver ) –
(Service Tax)
A registered partnership firm dog export busess only has paid amounts to forwardg agents ( cludg freight ) and debited the entire bill amount to freight charges a,c.Who is liable to pay the service tax on freight paid by the forwardg agent and subsequently reimbursed by their client?. Regardg local freight charges (for movg raw rial and fished produts from pce to pce for different processes)no amount is debited to the firms P&L a,c as either the transportation is by the firms own vehicle or the freight charges were paid out of pocket by the managg partner and not reimbursed by the firm.Is the service tax officials entitled to recover the service tax due, if any ,on the freight paid by the managg partner ?. ' BY: CA.N.THANGAVEL No answers yet View Answers | Post Answers |
| 6851 |
Jun. 15 2007 |
EXPORT OF SERVICE –
(Service Tax)
One of my client is agent of foreign co and gettg commission foreign currency for the services provided by him procurg s etc. Q:is whether he is liable to collect service tax or has to pay from his commission? or he is not liable to pay service tax? ' BY: JAGDISH BADLANI No answers yet View Answers | Post Answers |
| 6852 |
Jun. 15 2007 |
forensic accounting –
(FINANCIAL MANAGEMENT)
what is the scope to the Forensic Accountg & Auditg? whether there is any guideliles of our stitute this regard? what is the proper way to learn about this field. ' BY: Seema Lotke No answers yet View Answers | Post Answers |
| 6836 |
Jun. 14 2007 |
Service of Repairing of Mobile & Training for Mobile Repairing –
(Service Tax)
My assessee is engaged the service of mobile repairg & providg trag for the same. my query is : 1)Is service tax is applicable on above said services? 2)If yes, under what heads ? ' BY: NITIN AGGARWAL No answers yet View Answers | Post Answers |
| 6842 |
Jun. 14 2007 |
service tax registration of rental income –
(Service Tax)
I done a agreement with tenant for a year on Rs. 80000,- monthly on 01-04-2007 for 12 months with the condition of vacant by owner or tenant by given a prior notice of one month.. my quion is this that this situation when i want to be registed with service tax dpartment by 01.06.2007 or receivg,accrug of Rs.7,00,000,- lit 9899901725 ' BY: LALIT KUMAR No answers yet View Answers | Post Answers |
| 6844 |
Jun. 14 2007 |
Capital gain set off –
(DIRECT TAXES)
A proprietorship firm sold nd & buildg worth 2 cs appx (nd value 1 c +Buildg Value 1 c(WDV)for 7 cs and sold machery WDV 10 cs for 3 cs to son of the proprietor .Only written down value is avaible books. this case short term capital is beg set off agast Long term Capital ga of nd & buildg.Whether it is all right. ' BY: mahesh aneja No answers yet View Answers | Post Answers |
| 6825 |
Jun. 13 2007 |
TDS Deduction –
(DIRECT TAXES)
Sir, accordg to cercur no. 452 dated 17,3,1986, commission agents limit of receipts for gettg audit under sec. 44AB is Rs. 40.00 cs. hence, a commission agent wont fall under the sec. 44AB and accordgly he need not to get his accounts audited. my querie is that doessuch type of assessee required to deduct the TDS from others, as an assessee comes under sec. 44AB required to take the TAN no. and deduct the TDS ' BY: Dinesh Kumar Nagori No answers yet View Answers | Post Answers |
| 6829 |
Jun. 13 2007 |
TDS on rent –
(DIRECT TAXES)
Act: come Tax Act, 1961 Section: Your kd attention is required towards provisions of deductg TDS under sec 194 I of the come Tax Act. Case study: We have hired a warehouse which is registered two names with determable share of 50% each. Monthly payment is Rs. 18,000 p.m. Quion: Should TDS be deducted the first name or it should be deducted both name with separate rent payment and separate TDS deduction. The lessor has specifically designed the lease agreement by dog tax pnng under the corner of w. Please advise whether this arrangement is sustaable under the corner of w. Pease email your feedbacks at sumitkejriwals@yahoomail.com ' BY: sumit kejriwal No answers yet View Answers | Post Answers |
| 6830 |
Jun. 13 2007 |
TDS on rent –
(DIRECT TAXES)
Act: come Tax Act, 1961 Section: Your kd attention is required towards provisions of deductg TDS under sec 194 I of the come Tax Act. Case study: We have hired a warehouse which is registered two names with determable share of 50% each. Monthly payment is Rs. 18,000 p.m. Quion: Should TDS be deducted the first name or it should be deducted both name with separate rent payment and separate TDS deduction. The lessor has specifically designed the lease agreement by dog tax pnng under the corner of w. Please advise whether this arrangement is sustaable under the corner of w. Pease email your feedbacks at sumitkejriwals@yahoomail.com ' BY: Sumit kejriwal No answers yet View Answers | Post Answers |
| 6831 |
Jun. 13 2007 |
TDS on commission –
(DIRECT TAXES)
Assesse Limited Company Case: Commission credited on 31.03.07 10 cs TDS 51000 Deposited Date 31st May Deposited on 5th June With ter Whether Commission is allowed as expenses the Fancial year 2006-07. What happens if the TDS is deposited on 30th June and the TDS urn is revised. ' BY: arun Kumar Aggarwal No answers yet View Answers | Post Answers |
| 6832 |
Jun. 13 2007 |
Equipements under 194 I –
(DIRECT TAXES)
Whether heavy vehicles like Trailors ,Jcb and poc maches used the factories are comes under defation of equipments of section 194I of come Tax Act ? Whether hirg Charges paid for dumpers and Buses are subject to TDS under 194 C or 194 I ? ' BY: Amit Kumar Singh No answers yet View Answers | Post Answers |
| 6820 |
Jun. 12 2007 |
Certification of Projected Balance Sheet –
(MISC.)
I have approached to prepare id,Projected and Provisional Bance Sheet.My quion is can I use my firm`s letterhead and proprietor stamp and seal of my firm? If yes,can I certify the figures based on which those three fancial statements have been prepared? If yes,please let me know what will be the nguage? ' BY: SUDIP KR MUKHOPAHYAY No answers yet View Answers | Post Answers |
| 6821 |
Jun. 12 2007 |
Excise Return –
(INDIRECT TAXES)
Can anyone help to let me know what are the consequenses on non filg of excise urn E.R.-4, E.R.-5 & E.R.-6 Regards Devendra ' BY: Devendra Kumar No answers yet View Answers | Post Answers |
| 6822 |
Jun. 12 2007 |
INCREASE IN NO. OF ARTICLES ASST - WHEN EFFECTIVE FROM –
(COUNCIL DECISION)
THE NOTIFICATION FOR CREASG NO. OF ARTICLED,AUDIT ASST HAS BEEN PUT ON STITUTE SITE. PLEASE CRIFY THE EFFECTIVE DATE FROM WHICH THE SAID NOTIFICATION WILL BE APPLICABLE ? ' BY: NARESHBHAI B KHIMANI No answers yet View Answers | Post Answers |
| 6803 |
Jun. 11 2007 |
Rule 6 of Sales tax exemption –
(Service Tax)
As per Rule 6, sales tax, expenditure tax etc.and other statutory levies cannot be cluded t he value of the taxable services. Please confirm whether we can exclude ESI and Provident fund payments from the ambit of taxable sevices. ' BY: Sushma J No answers yet View Answers | Post Answers |
| 6808 |
Jun. 11 2007 |
Salaried person of Rs.360000 for 2007-08. Getting handicap deduction Rs.75000, home loan interest re –
(Capital Gains)
Dear Sir I am a saried person and my sary will be Rs. 360000,- for this fancial year 2007-2008. I have sold a nd on may,07 at Rs.200000,- which I bought at may,91 at Rs.20000,-. I get a handicap deduction of Rs.70,- for my disabled child. I took a house-buildg loan and I will get a deduction (sec.24) of Rs.121000,- for ter payment. I will save Rs.100000,- P.F. and others to get rebate under 80C. How much come Tax I will have to pay for this year and when? If I donot want to pay any tax, then what amount of bond of NHAI, REC, NABARD etc. will have to purchase? Is there any other way to save tax? Yours Scerely B. Shoor ' BY: B Shoor No answers yet View Answers | Post Answers |
| 6809 |
Jun. 11 2007 |
INCOME FROM SALARY & PGBP –
(DIRECT TAXES)
As per new form of ITR different form are specified. I have come from sary and pgbp for st year. is it required that i fill both the form for saried come and pgbp come. ' BY: Y.K.GUPTA No answers yet View Answers | Post Answers |
| 6810 |
Jun. 11 2007 |
Effect of CRR :- CAPITAL / SHARE MARKET –
(MISC.)
IF RBI crease the CRR THEN WHAT IMPACT IS MADE ON SHARE MARKET ? ' BY: PANKAJ NUWAL No answers yet View Answers | Post Answers |
| 6813 |
Jun. 11 2007 |
Value for 'C' Form –
(VAT/Sales Tax)
Hi, What should be the value of C Form that needs to be issued case of a CST sale to a Registered Dealer? Case: ======== Bill value(Le item wise) Rs. 1000, Sales Tax Value Rs. 40, Total Bill Value Rs. 1040,. Form value should be for Rs. 1040, 1000 Expectg your replies with expation substantiatg your stand. Thanks Advance (harsa555@gmail.com) CA.Hari Shankar.R ' BY: Harishankar No answers yet View Answers | Post Answers |
| 6814 |
Jun. 11 2007 |
Invoice with Service Tax –
(INDIRECT TAXES)
I have rendered some service the Month of May07.while raisg bill Can I take service tax for period upto 11.5.2007 @ 12.24% and for period from 11.5.2007 to 31.5.2007 @ 12.36% a sgle voice? ' BY: Rishu Singhania No answers yet View Answers | Post Answers |
