Sebi offers a way over FPI tax rule hurdle
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| Que. Id | Date | Description |
|---|---|---|
| 6544 |
May. 16 2007 |
Non Resident Working in India on Deputation –
(DIRECT TAXES)
From our Parent Company One employee came on deputation durg 2007 to dia, he will work for 3years from now. The sary will be paid at Germany. Whether the sary is taxable dia?. ' BY: R.SURESH No answers yet View Answers | Post Answers |
| 6547 |
May. 16 2007 |
whether input credit of excise duty paid on goods used for providing for providing services is avail –
(INDIRECT TAXES)
One company is engaged erectg gss & alumium facade for commercial complex buildgs as contractor.It s alumium penals & gss on which excise duty is paid.After cimg abatement wether it can take credit of excise duty & other put service tax paid ' BY: U.S.TANWAR No answers yet View Answers | Post Answers |
| 6531 |
May. 15 2007 |
SAH @1% on Income tax and its effective date –
(DIRECT TAXES)
Whether SAH education cess @1% applicable on come tax and on TDS & TCS as per Fance bill enacted by Prent of dia on 11-05-07and its effective date of application. ' BY: Nidhi Mahajan No answers yet View Answers | Post Answers |
| 6534 |
May. 15 2007 |
Commertial Training& Franchises –
(Service Tax)
A is the prciple (franchisor) and B is a franchisee entered to a agreement for givg Commertial trag (like ABACUS). B will pay Franchise fee to A and B,A will share the fee Collected from the Students. What would be the implication of the service tax. 1.What is the service tax liability on A 2.What is the service tax liability on B 3.Who is lible for service tax and on what amount. ' BY: s.kumar No answers yet View Answers | Post Answers |
| 6535 |
May. 15 2007 |
related to c.o.p –
(AUDIT)
i want to know from which date a member can start practice. whether on applyg for C.O.P or after gettg C.O.P. ' BY: mukesh jain No answers yet View Answers | Post Answers |
| 6524 |
May. 14 2007 |
F.B.T. –
(FBT)
Whether F.B.T. is Applicable to the Expenses which is made on reimbusement? ' BY: Vrishali No answers yet View Answers | Post Answers |
| 6526 |
May. 14 2007 |
Penalty u/s 271 (1) (c) –
(DIRECT TAXES)
Capital ga on sale of shares is disclosed orgal urn of A.Y. 04-05, without havg proof of purchase, but takg the base of the date when brought the books of accounts, can penalty u,s 271 (1) (c) leviable? ' BY: Jivan Bhausaheb Sangle No answers yet View Answers | Post Answers |
| 6528 |
May. 14 2007 |
w.r.t. my query 6923 section 194 J –
(DIRECT TAXES)
dear sir, thanks for ur valuable advice. i m also agreed with ur view,however quion no.26 of the Circur No.715 issued by CBDT after troducton of fance act,1995 has made me to thk otherwise. The said quion is: Whether payments made to hospitals for renderg medical services will attract deduction of tax at source u,s 194J ? The answer given is Yes Kdly give ur view after conrg the said circur also. thanks & regards CA. Ramesh Kumar ' BY: CA. RAMESH KUMAR No answers yet View Answers | Post Answers |
| 6530 |
May. 14 2007 |
TDS on foreign consultancy –
(TDS/TCS)
If a company has taken consultancy service for architecture design from a foreign company situated Sgapore,(with no permanent ablishment dia) what is the procedure for issue of TDS certificate? Do we have any DTAA with sgapore?Are the Sgapore company liable to submit urns dia? ' BY: Amrita chattopadhyay No answers yet View Answers | Post Answers |
| 6512 |
May. 12 2007 |
Transfer of Ist charge to new promoter without the permission of IInd charge holder –
(CORPORATE & OTHER LAWS)
A limited company which is sick and registered with BIFR. Company has taken term loan from FIs and workg capital from bank. FIs havg Ist charge and bank havg Id charge over the fixed assets of the company. Company has made OTS with FIs. One new promoter has ready to pay the OTS amount to FIs subject to getg Ist charge over the fixed assets of the company. FIs can transfer their first charge to new promoter who make the payment to them without the permission of bank. please advise. ' BY: Dinesh Nagori No answers yet View Answers | Post Answers |
| 6513 |
May. 12 2007 |
TDS Liability on provisions made on 31/03/2007 and reversed on01/04/2007 –
(TDS/TCS)
Hello- A company makes provisions on expenses that are liable to TDS u,s 194C,194J etc..as on 31,03,2007 but subsequently reverse them on 01,04,2007. As tax is not deducted, the same would be offered as a disallowance u,s 40(a)(ia) the tax audit report for the FY ended 31,03,2007. What if the provision entries are made along with the tax deduction at source on 31,03,2007 but reversed on 01,04,2007 along with the tds liability? What is the effect of the TDS liability on such provisions made on 31,03,2007 but reversed on 01,04,2007.? Pls. crify. Also the company subsequently deducts and remits the tax on receipt of the actual bills on a subsequent date. ' BY: Murali T No answers yet View Answers | Post Answers |
| 6514 |
May. 12 2007 |
New Cess –
(Service Tax)
Dear Colleagues there has been a number of quions regardg the date from which new cess is applicable for ST and the answer is that it is applicable from the date of enactment of the fance bill 2007. My quion is that whether this enactment (passg parliament & prent approval) is done or is still awaited as of today 12.05.2007 Pls advise thanks ' BY: Anurag Lal No answers yet View Answers | Post Answers |
| 6517 |
May. 12 2007 |
Can a CA firm respond to tender –
(COUNCIL DECISION)
Recently Gujarat government has vited tender from firms of CAs for appotment of tax auditors. Can a CA firm respond to such tender? ' BY: Shah Jitendra Lalchandji No answers yet View Answers | Post Answers |
| 6519 |
May. 12 2007 |
SECTION 80IA OF IT ACT –
(DIRECT TAXES)
KDLY ADVICE ABOUT THE FORMS AND FORMALITIES TO BE MATAED FOR AVAILG THE BENEFIT U,S 80IA FOR AN MANUFACTURG COMPANY GOG TO ABLISH A NEW CAPTIVE POWER PNT THE FACTORY PREMISES FOR SELF CONSUMPTION. PLEASE PROVIDE GUIDENCE FOR ANY OTHER STATUTORY COPLIANCES TO BE FOLLOWED. i.e. SEPRATE PF CODE, FACTORY LICENCE etc.. ' BY: MANISH AGRAWAL No answers yet View Answers | Post Answers |
| 6520 |
May. 12 2007 |
CENVAT OF SERVICE/EXCISE WHERE CO. IS AVAILING BENEFIT U/S 80IA –
(INDIRECT TAXES)
A LISTED MANUFACTURG COMPANY IS GOG TO ABLISH A CAPTIVE POWER PNT ITS FACTORY PREMISES FOR SELF CONSUMPTION. POWER PNT IS ELIGIBLE U,S 80IA OF COME TAX ACT, WHETHRE CO. CAN AVAIL THE CREDIT OF SERVICE TAX AND CENTRAL EXISE ON THE PURCHASES,PAYMENTS MADE FOR POWER PNT.IF YES ARE THERE ANY SPECIFIC GUIDELES TO BE FOLLOWED EACH RESPECT. ' BY: MANISH AGRAWAL No answers yet View Answers | Post Answers |
| 6521 |
May. 12 2007 |
SERVICE TAX CREDIT ON THE SERVICES RENDERED TO THE CO OUTSIDE THE FACTORY PREMISES. –
(INDIRECT TAXES)
PLEASE ADVICE WHERE A CO. IS GOG TO ABLISH A PNT AND MACHARY OUT THE FACTORY PREMISES FOR A LIMITED TIME PERIOD FOR THE THE SMOOTH RUNNG OF THE BUSESS WHETHER CENVAT CREDIT IS AVAILBLE OR NOT, IF YES ON WHICH GROUNDS AND WITH WHAT CONDITIONS. ' BY: MANISH AGRAWAL No answers yet View Answers | Post Answers |
| 6522 |
May. 12 2007 |
TDS ON PAYMENTS TO HOSPITALS –
(DIRECT TAXES)
If a company is directly makg payments to hospitals for medical treatment of its employees is the company is liable to deduct TDS u,s 194 J. If yes,then on which amount,whether it is on the whole bill amount or only on the payments towards operation,treatment only & not on room rent,medices. CA. Ramesh Kumar ' BY: RAMESH KUMAR No answers yet View Answers | Post Answers |
| 6504 |
May. 11 2007 |
Querry No.6611 posted on 12.04.2007 –
(FINANCIAL MANAGEMENT)
Now a day, bank are not fancg to those partnership firms where HUF is also a partner based on the recommendations of IBA which is said to be based on a Supreme Court judgment the month of February 2007. Can anybody throw more light on the issue or borrowers have to reconstitute the firms? ' BY: Vijay Ramani No answers yet View Answers | Post Answers |
| 6505 |
May. 11 2007 |
Service tax on Amount inclusive of VAT –
(Service Tax)
Is service tax leviable on amount clusive of VAT and other taxes or on amount exclusive of the taxes. For example value before VAT is Rs.100.VAT is say Rs.10.Now service tax is on Rs.100 or on Rs.110. Please crify ' BY: CA.Vijay Gilda No answers yet View Answers | Post Answers |
| 6506 |
May. 11 2007 |
New form no 16 & 16a –
(DIRECT TAXES)
Whether for the F.Y. 2006-07 the new forms to be use? ' BY: Mahesh Khandelwal No answers yet View Answers | Post Answers |
