Sebi offers a way over FPI tax rule hurdle
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| Que. Id | Date | Description |
|---|---|---|
| 6702 |
May. 31 2007 |
TDS on Service Tax included in Billed Amount –
(TDS/TCS)
Suppose a professional bill of Rs. 18,000,- is raised excludg service tax of Rs. Rs. 2,225,- thereby makg a total bill of Rs. 20,225,-. Whether Tds is liable to be deducted on Gross Amount of Rs. 20,225,- u,s 194 J or no TDS has been deducted as the amount excludg service tax is Rs. 18,000,- only. ' BY: Hardeep Singhal No answers yet View Answers | Post Answers |
| 6679 |
May. 30 2007 |
SERVICE TAX ON RENT OF COMMERICIAL PROPERTY –
(INDIRECT TAXES)
The Fance act has brought to service tax net the Rent on commerical property w.e.f. 11.05.07. we have paid rent for may-07 to ndlord on 01,05,07 as per the terms of lease agreement for may-07. Whether I need to pay service tax proportionately for May from 11,05,07-31,05,07. what are thgs to check with ndlord to pay service tax to him. Lease agreement provides that all the taxes will be borne by him. What is the legal stand on liability of my company view of the cuse our lease agreement. Whether service it to borne by us or ndlord. ' BY: A.S.CHAKRAVARTHY No answers yet View Answers | Post Answers |
| 6680 |
May. 30 2007 |
applicability of service tax –
(Service Tax)
Is service tax applicable on service provided by a man power recuitment agency who supply software engeers to a company which is a 100% EOU. ' BY: karthik No answers yet View Answers | Post Answers |
| 6685 |
May. 30 2007 |
FBT ON PREOPERATIVE EXPENSES –
(FBT)
COMPANY IS NOT PREPARG THE P & L SCE IT HAS NOT COMMENCED ITS OPERATION. FBT ON PREOPERATIVE EXPENSES HOW IS TO BE ACCOUNTED. (WHERE TO BE DEBITED). IF IT HAS TO BE DEBITED TO PREOPERATIVE EXPENSE WHAT WILL BE STATUS UNDER THE COME TAX ACT WHEN CIMG DEDUCTION FOR PREOPERATIVE EXPENSES SUCEEDG YEARS ' BY: NAGESH M No answers yet View Answers | Post Answers |
| 6689 |
May. 30 2007 |
DEDUCTIONS/EXEMPTIONS FOR SOFTWARE COMPANIES –
(DIRECT TAXES)
A COMPANY REGISTERED UNDER THE COMPANIES ACT 1956 IS EARNG HUGE PROFITS. AS A MATTER OF TAX PNG IT WANTS TO AVAIL COME TAX EXEMPTION. THE TOTAL EXPORT TURNOVER CLUDG DEEMED EXPORT IS 30 TO 40%OF TOTAL TURNOVER, IT IS NOT SITUATED SEZ,EHTP, IT IS ALSO NOT AN STPI UNIT. PLEASE PROVIDE THE POSIBILITIES OF CIMG DEDUCTION UNDER COME TAX IF ANY AGAST EXPORT TURNOVER AND UNDER WHAT SECTION. ' BY: Prakash Kadur No answers yet View Answers | Post Answers |
| 6690 |
May. 30 2007 |
TDS on Event Managment Services - Rate & Section –
(TDS/TCS)
What is the TDS Rate and section under which it is deductable for the Event Management Services like arrangg the Tours, Marriage events etc. ' BY: CA Mallikarjunaiah. B No answers yet View Answers | Post Answers |
| 6691 |
May. 30 2007 |
tds on service tax –
(DIRECT TAXES)
sir,madam case of payments made to persons who shows service tax their bill separately as an addition to fees,u,s 194J is it not correct deduct tax on this service tax also. As I understand 194J speaks of deduction of tax at prescribed per cent of such sum as come-tax on come comprised there. my view service tax is not come. Please give your views on the subject. ' BY: sandhya No answers yet View Answers | Post Answers |
| 6692 |
May. 30 2007 |
Which form to use if assessee not filed ITR for earlier years –
(DIRECT TAXES)
Dear All, An assessee has not filed any come Tax urn for earlier year sce year endg 31.03.04. Now he want to file urn for all earlier years durg current year i.e.2007-08. the light of change ITR form from A.Y 07-08, which form he should used to file his ITR for earlier years. He has come from Busess and other sources. ' BY: Ajay Salagare No answers yet View Answers | Post Answers |
| 6694 |
May. 30 2007 |
Please suggest –
(MISC.)
Dear Sir,Madam, I took termation and re-registered under a new prcipal and sent all the relevant documents (102 and 103) to the stitute with the specified time(30 days from the date of registration). But i got a reply after two months that my articleship has not been re-registered. so aga i sent the copies of the same documents atted by My Prcipal to the stitute along with the formation regardg my first application sent to the stitute(Postal formation-as the letter was a registered one and the postal department has confirmed that it has been delivered). But so far i havent received any confirmation from the stitute regardg my registration. My attempt for Fal is due on Nov-07. I want to know, what steps i have to take for gettg myself registered. Please help its urgent.. ' BY: Manoj No answers yet View Answers | Post Answers |
| 6695 |
May. 30 2007 |
DEDUCTIONS/EXEMPTIONS FOR SOFTWARE COMPANIES –
(DIRECT TAXES)
A Company registered under the Companies Act and the Software development busess. The Company is earng huge profits. The Company has export and deemed export turnover of 30% to 40% of its total turnover. The Company is not an STPI unit. The company is not situated Free Trade Zone, EHTPI,SEZ etc.,. What are the possibility of gettg the deductions and exemptions under the come tax and under what section. Further what are the possibilties of tax pnng for this company. The total turnover of the company is Rs. 24 Crores. ' BY: Prakash Kadur No answers yet View Answers | Post Answers |
| 6666 |
May. 29 2007 |
FBT ON FIXED ASSETS –
(DIRECT TAXES)
WHETHER FBT ON TRAVELLG EXPENSES CURRED FOR PROCURRG THE FIXED ASSETS CAN BE CAPITALISED. IS IT WILL HAVE ANY IMPLICATION FOR CIMG DEPRECIATION UNDER IT ' BY: NAGESH M No answers yet View Answers | Post Answers |
| 6669 |
May. 29 2007 |
Taxation of Deemed Dividend –
(DIRECT TAXES)
Deemed dividend U,s 2(22)(e) is leviable cases fallg under the defition. The quion is who has to pay the tax on deemed dividend, whether the person receivg the payment or the company who have made payment to the assessee. If the assessee concerned is havg brought forward depreciation , then whether the amount of come the nature of deemed dividend can be adjusted agaist such . ' BY: Manoj Kumar Agrawalla No answers yet View Answers | Post Answers |
| 6670 |
May. 29 2007 |
Can House Rent Allowance and Interest on House Property Loan be claimed simultaneously –
(DIRECT TAXES)
I work Mumbai and have purchased a House at Mira Road (Thane) district. Can House Rent Allowance pid Mumbai (Grant Road) and ter on House Property Loan taken from ICICI Bank be cimed simultaneously an Assessment Year? What are the documents required? If yes, can i cim it for AY 2007-08. Regards, Digant ' BY: Digant No answers yet View Answers | Post Answers |
| 6672 |
May. 29 2007 |
Refund of TDS –
(Profits & Gains of Business & Profession)
if an dividual received commission come from LIC F.Y. 2005-06 and TDS deducted on this commission. but his GTI is Less than Maximum Exemption limit and she is not file his urn till the end of A.Y.2006-07. Then can she cim the refund, if yes then what is the procedure. ' BY: Sumit Manchanda No answers yet View Answers | Post Answers |
| 6675 |
May. 29 2007 |
Depriciation and Maintenance exp on car used both for personal & business use –
(Profits & Gains of Business & Profession)
If there is a car the books of busess, which is beg used for both busess purpose as well as private use, how should the depriciation as well as other runng & nance exp of the car shall be treated the books of accounts and P,L A,c? ' BY: Ruchita Agarwal No answers yet View Answers | Post Answers |
| 6656 |
May. 28 2007 |
What is the present status of rules debarring members from taking any course offered by ICFAI? –
(MISC.)
I want to persue PG diploma course offered by ICFAI University. Whether it is permissible as per ICAIs rules on the subject? ' BY: Sanjiv Kumar No answers yet View Answers | Post Answers |
| 6657 |
May. 28 2007 |
conveyance allowance –
(DIRECT TAXES)
hi friends suppose a co. paid fbt on conveyance allowed to their employees. is same shall be taxable hand of emloyees exceedg rs.800 pm ? ' BY: CA.PRAVEEN JAIN No answers yet View Answers | Post Answers |
| 6659 |
May. 28 2007 |
VAT –
(INDIRECT TAXES)
Is VAT applicable on preoperative trasactions,if so then how are they accounted for. ' BY: Hemant Suthar No answers yet View Answers | Post Answers |
| 6660 |
May. 28 2007 |
Notes to accounts –
(AUDIT)
What are the important matters to be cluded the Notes to accounts of a Pvt. Company ' BY: Radhakrishna R. Prabhu No answers yet View Answers | Post Answers |
| 6662 |
May. 28 2007 |
TAXABILITY OF EXPENSES INCURRED BY PARTNERS OF FIRM –
(FBT)
WHETHER FOLLOWG EXP. DULY CURRED BY THE PARTNER OF THE FIRM TAXABLE AS FBT 1.NDLE AND MOBILE PHONE 2.SELF DRIVEN CAR EXP. & DEP. ON CAR 3.TWO WHEELER NANCE ' BY: SHYAM SUNDER TEKARIWAL No answers yet View Answers | Post Answers |
