Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5986 unanswered question(s) — Showing 3961–3980
| Que. Id | Date | Description |
|---|---|---|
| 6651 |
May. 28 2007 |
Queries on Capital Gain –
(Capital Gains)
Query on Capital Ga ‘A’ is assessed to tax HUF capacity. A sells a piece of nd and avails 54F exemptions by purchasg a rential property with time allowed. Date of purchase of rential property is Mar’07. Now due to personal reasons ‘A’ wants to effect a partition of all the assets cludg the new house. Supreme Court has already held that ‘partition’ will not amount to ‘transfer’. view of this I am of the opion that the provisions of sec. 54F (3) where liability arises if the new assets is transferred with 3 years will not apply. Please confirm. C.P.ETHIRAJAN ' BY: Ethirajan No answers yet View Answers | Post Answers |
| 6653 |
May. 28 2007 |
Rate of TDS u/s 194C –
(DIRECT TAXES)
A company is deductg TDS on contract value of Rs.5 kh per annum,deductee beg a partnership firm.Is it enough to deduct TDS @ 2.06(2% +cess3%).The company is not raisg surcharge on TDS as the contract value does not exceed 1 crore.What is the rate of TDS on contract after amendment?Is 2.06% this case correct?Pls. crify.Thanks ' BY: Balasubramanian R No answers yet View Answers | Post Answers |
| 6654 |
May. 28 2007 |
Issuance of Form 16 –
(TDS/TCS)
Whether it is mandatory to issue from 16 case there is no tds deduction made but total come is more than Rs. 100,000 case of male employee for ay 2007-08? ' BY: MANISH KUMAR MISHRA No answers yet View Answers | Post Answers |
| 6647 |
May. 27 2007 |
EXCEL BASED RPU & FVU FOR 24Q-Q4 –
(TDS/TCS)
WE ARE NOT ABLE TO FD AT NSDL SITE EXCEL BASED RPU -EXCEL BASED FOR 24Q-Q4. TURN HAVE TP PAY RS. 800,- TO NSDL TERMEDIARY FOR PREPARG THE SAME. IF YOU CAN PROVIDE THE SAME , PL. DO SO AT OUR e-mail ID: lnmittal@dataone. pl. on receipt of this querry. Thanks! CA xmi Mittal M.No 038894 ' BY: LAXMI N. MITTAL No answers yet View Answers | Post Answers |
| 6649 |
May. 27 2007 |
Architect design; is it technical design –
(DIRECT TAXES)
1)Whether Architect design for buildg a high storey buildg provided by a company falls under the category of Technical design? 2)Sec-9 of come tax act while defg the term Technical services clearly exempts payment made for the construction. Now whether the Architect design doesnt fall under construction as I feel that it is a part and parcel of Construction. 3) Moreover does the service of Architect Design doesnt fall under the category of Profession Pls answer the above queries ' BY: Vijay Gilda No answers yet View Answers | Post Answers |
| 6650 |
May. 27 2007 |
proposed dividend - enhanced share capital –
(AUDIT)
A Cmpany issued Fully Convert. Deb ( FCD) 2006-07 which are to be compulsory conveted equity shares with a year.These are o,s as FCD as on 31.03.07 .Shares when converted will rank pari passu with existg shares. fact a Company can not issue shares havg different rights as per SEBI,SEs rules.When the AGM is held & Accounts are passed FCD will be equity shares and hence entitled for Dividend.Quion is can a company has to provide Proposed Divi.on Sh.Cap as on 31.03.07 or enhanced Sh.Cap? Will it be alright if provision is made on enhanced Sh.cap - to avoid any debits below le next year? ' BY: upen shah No answers yet View Answers | Post Answers |
| 6634 |
May. 26 2007 |
materials directly sent from the supplier's premises to the job worker's premises –
(INDIRECT TAXES)
Is it mandatory to mata records u,r 4(5)(a)(job work chalns) of cenvat credit rules, when rials are directly supplied from the suppliers pce to the job-workers pce? Or whether a regur form of Delivery Chaln is sufficient? ' BY: SOWMYA B S No answers yet View Answers | Post Answers |
| 6637 |
May. 26 2007 |
FBT On Reimbursement of expenses –
(DIRECT TAXES)
Company has curred FBT liable expenses of Rs.10.00 cs for which 50 % is to be reimbursed by Prcipal of company,consequently expenses will be debited by Rs.5.00 cs (net). Whether FBT payable on Rs.10.00 cs or Rs.5.00 cs. Thanks ! ' BY: Rajesh Gurbani No answers yet View Answers | Post Answers |
| 6643 |
May. 26 2007 |
Exemption u/s 2(ea)(i)(5) of W/Tax Act to Commercial property given on rent –
(DIRECT TAXES)
Factory nd & buildg given on rent for buisness porpose cimed exempt u,s 2(ea)(i)(5) denied by A.O. please advise case ws of ITAT Delhi,P & H High Court this matter. ' BY: chadan vohra No answers yet View Answers | Post Answers |
| 6645 |
May. 26 2007 |
Education Cess –
(TDS/TCS)
The education cess has been creased by Fance Act 2007. What is the effective date for creased cess at 3% ..... as the bill was cleared by Prent on 11th May-07, do we need to charge education cess at 3% for TDS on Apr-07 payments. Pls confirm. ' BY: RK No answers yet View Answers | Post Answers |
| 6646 |
May. 26 2007 |
CLAIM U/S 10(13A) & 24 SIMULTANEOUSLY –
(DIRECT TAXES)
I own a rential house at Gurgaon but due to my job-requiremnts,I have rented a house at Delhi and am payg rent thereon. The Gurgaon House, is at a distance of approx. 25 KMs fro my workg pce and remas unoccupied through out the year and does not generate any come. Can I cim deduction u,s 10(13A) for rent paid as well as deduction of ter and prcipal agast Home Loan taken by me for Gurgaon House? Please quote Rule,Notification,Circur etc, if any, this connection. Thanx....sunil kumar ' BY: SUNIL KUMAR No answers yet View Answers | Post Answers |
| 6628 |
May. 25 2007 |
service tax –
(INDIRECT TAXES)
Dear friends, the Service tax threshold limit is creased to 8 cs. Now, for conrg the exemption for f,y.2007-2008, what should be the turnover for f,y.2006-2007? Rs.4 cs or Rs.8 cs. ' BY: Rajkumar.R. No answers yet View Answers | Post Answers |
| 6629 |
May. 25 2007 |
Allowances –
(Income From Salary)
Whether stautory allowance,work centive & project allownace received by software professional from his employer are taxable? ' BY: CA. Gurdeep Singh Chawla No answers yet View Answers | Post Answers |
| 6631 |
May. 25 2007 |
CPE Credit –
(COUNCIL DECISION)
Will some of the friends writg regurly Taxation ed Magazes form me the procedure of gettg CPE credit for writg such magazes,from OUR STITUTE.Tks and rgds.CA S.M.Pareek ID sspfca2@diatimes.com ' BY: S.M.Pareek No answers yet View Answers | Post Answers |
| 6610 |
May. 23 2007 |
Project office of Foreign Company –
(CORPORATE & OTHER LAWS)
A consultancy company based Japan opened a project office Hyderabad, dia after obtag all the required permissions,approvals from R.B.I. The Project office has also obtaed the Certificate for ablishment of Pce of Busess dia from the Registrar of Companies,New Delhi. The Japan company opened another Project office at Bangalore, dia. this regard, do the company has to file any timation or take any approval from the Registrar of Companies of Karnataka or from the Registrar of Companies, New Delhi. If so, what are the procedural formalities ? ' BY: Y.V Naresh Kumar No answers yet View Answers | Post Answers |
| 6614 |
May. 23 2007 |
Is COP required if one takes Retainer fees?? –
(MISC.)
Dear All, If a CA, who is currently takg sary from a company wishes to shift to aer fees (where he,she will get aer fees only from that one company), is it compulsory for him,her to get a COP? ' BY: Ashish No answers yet View Answers | Post Answers |
| 6615 |
May. 23 2007 |
80IB(10) –
(DIRECT TAXES)
WEITHER BENIFIT OF SEC 80IB(10) OF IT ACT IS AVAIBLE TO A PERSON WHO UNDERTAKE CONSTRUCTION OF HOUSES HOUSG PROJECT DEVELOPED BY HIM A CAPACITY OF CONTRACTOR ONLY ON BEHALF OF DIVIDUAL OWNERS OF THE HOUSES? ' BY: MANISH AGARWAL No answers yet View Answers | Post Answers |
| 6595 |
May. 22 2007 |
Remuneration under Sec.217(2-A) of Companies Act –
(CORPORATE & OTHER LAWS)
Can some body tell me the Limit under sec. 217(2-A) is Rs. 2.00 c or it has been revised. Kdly reply. ' BY: Vishal Mehta No answers yet View Answers | Post Answers |
| 6597 |
May. 22 2007 |
Taxability of Compensation Money received by Spouse on Seperation –
(DIRECT TAXES)
Whether lumpsum compensation received by husband or wife from spouse on seperation by court s will be taxable the hand of receipient spouse. If yes please provide any case ws also ' BY: Babulal Sharma No answers yet View Answers | Post Answers |
| 6603 |
May. 22 2007 |
Service Tax on Selling Commission on Equity Issue thru IPO –
(DIRECT TAXES)
A Merchant Banker acted as Book Runng Lead Manager for an IPO thru Book Buildg process and provided assistance on structurg, documentation and obtag necessary regutory approvals for the IPO. The Manager has cimed for various services provided for the IPO eg. underwritig commission and sellg commission. Please advise whether servica tax is payable o Sellg Commission. An early reply is solicited. Thanx. ' BY: Sunil Kumar No answers yet View Answers | Post Answers |
