Sebi offers a way over FPI tax rule hurdle
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| Que. Id | Date | Description |
|---|---|---|
| 6815 |
Jun. 11 2007 |
RBI CIRCULAR RELATING TO REMUNARATION TO BANK AUDITORS –
(AUDIT)
RBIs Circur No 429 dated 6th June, 2007, has erroneous omitted reference to Fees Payable for Tax Audit of Banks, which was 15% of Basic Audit Fees.RBI may be requed to issue necessary structions to all public sector banks to pay fee for tax audit addition to Fees for Statutory Auddit, LFAR and Additionaal Certifications. ' BY: CA PAWAN KUMAR AGARWAL No answers yet View Answers | Post Answers |
| 6816 |
Jun. 11 2007 |
Service Tax on Ginning & Pressing of Cotton –
(Service Tax)
My query is g to service tax on Gng & Pressg of Cotton. There are rge mills with undertake Gng and Pressg of Cotton for others. The Mill charges and voices for the Gng and Pressg of Cotton per qutal. The clearly state the voice that “ Gng & Pressg Charges of _______ Qutals of Cotton at Rs. ____ Per qutal” The raw rials required for Pressg Viz., Hessian C etc., are supplied by the customer. Further the Cotton Seeds are also urned to the Customers. Does the Charges for Gng & Pressg of Cotton is liable under Service Tax Rules, if so under what category and if exempt, How. My query may also be extended to decoratg of Groundnut. Also. Thanks ' BY: Prakash Kadur No answers yet View Answers | Post Answers |
| 6802 |
Jun. 10 2007 |
Family Matters –
(DIRECT TAXES)
Dear Friends. I would like to know somethg based onn these facts. One of my clet expired. Now he ahd taken some loans from bnks the nature of student loan (for his son) and home loan. Now he had two daughters, both married. They now want to setoff that loan from their sary every month. I would like to know if that can be done and what are its implications? Thanks ' BY: CA Amit Sharma No answers yet View Answers | Post Answers |
| 6796 |
Jun. 09 2007 |
TDS RATES ROUNDING EXPLANATION –
(TDS/TCS)
TDS RATES REGARDG BOUR UP TO WHICH DIGIT ARE APPILCABLE I.E WHETHER CORRECT % IS 2.244 OR 2.24? ' BY: BALKRUSHNARANGRAOKULKARNI No answers yet View Answers | Post Answers |
| 6800 |
Jun. 09 2007 |
IN RELATION TO CAPITALISATION OF FIXED ASSET –
(AUDIT)
A company is engaged manufacturg activity. It had capitalized certa high value tools durg the year and made the entry fixed asset register for the same and also cimed the depreciation for the same. the next year it comes to conclusion that it had wrongly capitalized the same and it would take another year for the tools to get ready for capitalization. Hence it wants to take corrective action. Pls sugg how it should reverse the same. And where it should make an entry fixed asset register? Pls note if it makes entry credit it would wrongly dicate it as sale. ' BY: ANUJ AGARWAL No answers yet View Answers | Post Answers |
| 6782 |
Jun. 08 2007 |
DEDUCTION UNDER SECTION 80C –
(DIRECT TAXES)
AN EMPLOYEE HAS CONTRIBUTED TOWARDS PROVIDENT FUND AN AMOUNT OF RS.15,000,- FOR THE PERIOD FROM 01-04-2006 TO 30-06-2006. AFTERWARDS HE OPTED FOR VRS. VRS BENEFIT AND PROVIDENT FUND AMOUNTS WERE SETTLED THE MONTH OF AUGUST, 2006 ITSELF. WHETHER HE CAN AVAIL THE BENEFIT OF SECTION 80C TOWARDS PF OF RS.15,000,- FOR THE ASSESSMENT YEAR 2007-2008. ' BY: SBS MURTHY No answers yet View Answers | Post Answers |
| 6786 |
Jun. 08 2007 |
surcharge –
(FBT)
A SIMPLE ONE LE QUION - IS SURCHARGE ON FBT IS PAYABLE BY A COOPERATIVE SOCIETY. RESPOND WITH REFERENCE. THANKS ' BY: Ravi Kumar No answers yet View Answers | Post Answers |
| 6787 |
Jun. 08 2007 |
Refund of Service Tax –
(Service Tax)
One of my cliens is 100% EOU. They are payg service tax on various services availed such as telephone bills, ternet charges, etc., Can you please let me know the procedure of gettg service tax refunded to such 100 EOUs. It will be helpful to my client. ' BY: MOHAN RAO YAKKALI No answers yet View Answers | Post Answers |
| 6788 |
Jun. 08 2007 |
Composition Scheme –
(Service Tax)
Pls. crify the followg pots: 1. case of works contracts runng as on 1-6-07(i.e partly executed contracts), can composition scheme be opted for works executed from 1-6-07 2. Where an assesse who has registered himself under Contruction service category before 1-6-07 need to amend his RC to clude works contract services assumg that he undertakes only works contract. ' BY: AJAY SHARMA No answers yet View Answers | Post Answers |
| 6771 |
Jun. 07 2007 |
Car Hire –
(TDS/TCS)
Car hire on regur basis whether liable to TDS u,s 194I or 194C. ' BY: CA. Sanjeev MIttal No answers yet View Answers | Post Answers |
| 6772 |
Jun. 07 2007 |
Share Application Money –
(CORPORATE & OTHER LAWS)
Helo Friends. I wnat to know if a company can take share application money cash?? Thanks, Amit Sharma ' BY: Amit Sharma No answers yet View Answers | Post Answers |
| 6774 |
Jun. 07 2007 |
TDS at the time of liability booking –
(INDIRECT TAXES)
whether TDS should be deducted at the time of bookg the liability for the advertisement exp. on 31st march07 ' BY: amit tibra No answers yet View Answers | Post Answers |
| 6775 |
Jun. 07 2007 |
Whether Cenvat Credit can be taken on Maintenance Stores in Service Industry - Telecom –
(INDIRECT TAXES)
Whether Cenvat Credit can be taken on nance Stores Service dustry - Telecom ' BY: suresh No answers yet View Answers | Post Answers |
| 6777 |
Jun. 07 2007 |
capital gain when property given on lease –
(FINANCIAL MANAGEMENT)
are there any capital ga liability on transfer of property on lease. ' BY: sandeep kumar Agrawal No answers yet View Answers | Post Answers |
| 6779 |
Jun. 07 2007 |
TDS on Salary –
(DIRECT TAXES)
Dear Sir, Can the employer make TDS on Sary paid,credited at year end to his employee pertag to FY 05-06 now and can the employee file revised urn and cim the said TDS. Employers urn for the relevant year has also been filed. Further can the employer file TDS run of FY 05-06 now, which is not filed till now. The employer is a busess-man. Secondly can the employer make TDS on sary paid,credited at year end for FY 06-07 now and file TDS urn. The employer is a busess man. ' BY: Varaiya A.V. No answers yet View Answers | Post Answers |
| 6766 |
Jun. 06 2007 |
New IT Return Forms –
(DIRECT TAXES)
It seems that Dividends are treated as taxable the new urn form notified recently whereas as per w they are exempt. Should assessees leave the column bnk even though they may have received dividends from dian Coys? ' BY: E C SAVOOR No answers yet View Answers | Post Answers |
| 6767 |
Jun. 06 2007 |
mandatory records & years to be maintained –
(FINANCIAL MANAGEMENT)
With e filg troduced,i would like to know the mandatory records to be mataed by the Manufacturg company,and the number of years that is required to be mataed,under various statutes. Would it suffice,if all the relevant records,viz contracts fancial ledgers voices suppliers bills assessment s pendg litigation records..etc are mataed tapedrive dvd cd,and not physical for. Please crify,whether any record is to be kept physical form only. ' BY: vivekanandamRajadesingan No answers yet View Answers | Post Answers |
| 6768 |
Jun. 06 2007 |
business exhibition service –
(Service Tax)
One person is constructg and makg stall a exhibition hall. this volves carpentry and electrical work. he, after completg the stall hands it over the same to his client, who exhibits his goods the said stall. the space for the stall is directly taken from the owner of the hall by the client. whether the person who constructs the stall is liable to charge service tax under the category - busess exhibition services or under any other category. ' BY: u s tanwar No answers yet View Answers | Post Answers |
| 6769 |
Jun. 06 2007 |
Is TAX RATE 12.36% applicable now for SERVICE TAX? –
(Service Tax)
Education & HS Edu Cess is now (2+1)%. So is tax rate is 12.36%.. ? Have Hon. Prent of dia given his approval to fance bill? If not from when is it applicable? ' BY: Vasantgadkar Nachiket M. No answers yet View Answers | Post Answers |
| 6745 |
Jun. 05 2007 |
Regarding updation for change of company –
(MISC.)
Sir, I have changed the company. I ant to update my record avaible stitute. Can I do it through our stitute web site or any other way? Please let me know................ ' BY: SANJAYA KUMAR BISWAL No answers yet View Answers | Post Answers |
