Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5986 unanswered question(s) — Showing 4081–4100
| Que. Id | Date | Description |
|---|---|---|
| 6328 |
Apr. 21 2007 |
Leasing of heavy vechile. –
(AUDIT)
My clet is the busess of leasg out heavy earth mover i.e. loader to the various contractors. Contractors is payg the rent after deductg TDS thereon. Now, whether we can apply the assumptive basis of calcution as applicable case of leasg and plyg of trucks at fixed monthly come. or we have to draw separte account for the activity and can show any amount of profit case of turnover is less than 40 khs. ' BY: SURAJ KUMAR CHOUDHURY No answers yet View Answers | Post Answers |
| 6330 |
Apr. 21 2007 |
Is it necessary to file NIL Return of TDS / TCS ? –
(TDS/TCS)
Hello colleagues, One of the client has not deduct any tax for 3rd quarter. He has TAN but he has to deduct tax occassionally. Now my quion is that is he required to file TDS urn showg NIL TDS ? My view is that he is not required to do so. Kdly express your opion. ' BY: Parth Trivedi No answers yet View Answers | Post Answers |
| 6331 |
Apr. 21 2007 |
vat on beedi in tn –
(INDIRECT TAXES)
what is the present status for beedi manufactured tn under tnvat act. Is it taxable, if so at what rate, what about ITC on cst and vat. kdly crrify position after 1.4.2007. ' BY: d.kalaialagan No answers yet View Answers | Post Answers |
| 6307 |
Apr. 20 2007 |
Service tax deposit of payment received after 31st march cheque dated 31.03.2007 –
(INDIRECT TAXES)
As per service tax provision service tax for the month of march is to be deposited by 31.3.2007. our case we have deposited service tax collected up to 31.03.2007 on 31.03.2007. It normally happens that payment received after 31st march with cheque dated beg 31st march and deposited bank after 31st march 2007, which shows that actually received after 31st march. We take this account the fancial year 2006-07 and reduce the debtors position. So my quion is how to treat the service tax amount for deposit purpose.If we accout for this as receipt for the year2006-07 then we have to deposit service tax with ter.I want know whether to deposit tax for the month of april without ant eter. ' BY: Prasanta kumar Swain No answers yet View Answers | Post Answers |
| 6310 |
Apr. 20 2007 |
BSR Code –
(MISC.)
Acronym BSR Code stands for what? ' BY: Nilesh B Khatu No answers yet View Answers | Post Answers |
| 6312 |
Apr. 20 2007 |
service tax liablity as a GTA on transportation which forms part of invoice price –
(Service Tax)
hi to all, Im Ramesh, article student. please crify my doubt. One of our clients supplier charges the transportation cost of rial supplied along with rial cost and collects VAT on rial cost and transportation cost.My doubt, on this transportation cost is the anybody liable for servicetax under GTA. ' BY: ramesh No answers yet View Answers | Post Answers |
| 6314 |
Apr. 20 2007 |
section 194 C –
(TDS/TCS)
please sugg me..... case of construction contracts, whether TDS is to be made on total amount of bill clusive of service tax or on amount exclusive of service tax? ' BY: kapil mohan gupta No answers yet View Answers | Post Answers |
| 6316 |
Apr. 20 2007 |
Income from house property –
(DIRECT TAXES)
Hi, U,s 80 C we can cim dedcution on stamp duty and registration charges and also on loan payment . But the benefit cimed will be revoked if the property is sold with a span of 5 years.Is there any such conditions under sec 24, where I cim ter dedcution of 100 year 1 but sold the property year 2. ' BY: SATISH CHANDRA S JAIN No answers yet View Answers | Post Answers |
| 6322 |
Apr. 20 2007 |
Interest on Housing Loan - Deductible under House Property –
(DIRECT TAXES)
If a couple purchases a House property jot ownership (Equal share) and both are employed and it is a Self occupied house. The ter paid amounts to 300000 ( 3 kh). Pls let me know whether both of them can deduct Rs 1.50 kh as deduction. ' BY: Ashwin K C No answers yet View Answers | Post Answers |
| 6286 |
Apr. 19 2007 |
Application of CARO –
(AUDIT)
Under CARO , 2003 an unlisted company is required to have ternal audit durg the year if durg the commencement of year a company has paid up capital and reserves of more than Rs. 0000.00 or Average Annual Turnover more than Rs. 5 crores . Will an unlisted company havg capital less than Rs. 0000.00 and turnover more than 5 crores durg the first year of operations is required to conduct and ternal audit durg the year . ' BY: Raman No answers yet View Answers | Post Answers |
| 6288 |
Apr. 19 2007 |
SOFT COPY OF BANK AUDIT REPORT –
(AUDIT)
CAN ANYBODY HAVG SOFT COPY OF BANK AUDIT guidance noteISSUED BY icai PLEASE DO FORWARD ME MY EMAIL IS meghna1011@yahoo.com. ' BY: Meghna No answers yet View Answers | Post Answers |
| 6291 |
Apr. 19 2007 |
U/S 40A(3) Payment in case of Transportation & purchase of raw material –
(DIRECT TAXES)
our Case our client is regurly purchse raw rils from different state and the transportation charges is more than Rs. 20000,- for each trip. Problem is the transport agencies and the owner of trucks are different party. we have to pay the transportation charges cash to truck owner and the transport agencies are only middel man who make arrengment of truck only and who is only gettg his commission from truck owner only. such case the truck owner is from different state and they are not ready to accept A,c. Payee cheque. What we have to do give us answer with Case w and judgement of authority. ' BY: KAMLESHKUMAR KACHARALAL PATEL No answers yet View Answers | Post Answers |
| 6292 |
Apr. 19 2007 |
Service Tax on Consultancy –
(Service Tax)
Query on Service tax Dear Friends, As per Fance Act 2007, all kds of Busess Consultancy Services are liable for Service tax. An advocate who is on aer basis or doctor who is on aer basis for a busess enterprises :- Will they be hit by the new provision. C.P.ETHIRAJAN ' BY: C.P.Ethirajan No answers yet View Answers | Post Answers |
| 6294 |
Apr. 19 2007 |
TDS on reimbursement –
(DIRECT TAXES)
Whether TDS is deductible on bill seperately raised purely for reimbursement and does not conta any come element? ' BY: Rahul Jain No answers yet View Answers | Post Answers |
| 6295 |
Apr. 19 2007 |
Service Tax on Share Brokerage –
(INDIRECT TAXES)
A broker engage the share brokerage, he charge brokerage and pay the service tax, he has submittd the service tax urn for the half year ended Sept.,06 after submission of urn he has issued the credit note agast the brokerage for whole of the year now the situation is that service tax on brokerage is excess paid durg the April-Sept06.The amount is more Rs. 200000,-. He has not paid the service tax durg the Oct-March07 and adjusted the excess service tax paid by him earlier period by way of less brokerage (net after credit note), Can he adjust the service tax current half year and also next half year or cim for refund, please sugg. ' BY: Rajesh Khandelwal No answers yet View Answers | Post Answers |
| 6300 |
Apr. 19 2007 |
TDS U/S 195 –
(DIRECT TAXES)
OUR MAUFACTURG COMPANY HAS PURCHASED 1. A SOFTWARE FROM USA FOR OUR COMPUTERS MAUFACTURED DIA 2. PAID CONSULTANCY CHARGES TO THE SOFTWARE CONSULTANT WHAT WILL BE RATE AT WHICH WITHHOLDG TAXES WILL BE DEDUCTED THE FOLLOWG TWO CASES AS PER DTAA & AS PER I TAX ACT AS THERE SEEMS TO BE NO SEPERATE CATEGORY FOR CONSULTANCY FEES WHEE THER IS NO TRANSFER OF ANY TECHNICAL KNOWLEDGE,EXPERIENCE, SKILL,, KNOWHOW, OR PROCESS TO COVER UNDER ARTICLE 12- ROYALTIES & FEES FOR CLUDED SERVICES.PL ADVICE ' BY: zinobia No answers yet View Answers | Post Answers |
| 6306 |
Apr. 19 2007 |
SURRENDER OF SERVICE TAX NUMBER –
(Service Tax)
Few of my clients services are well below Rs.3,00,000,- and they are not liable to collect and deposit service tax. PLEASE PROVIDE ME FORMAT, PROCEDURE TO CANCELL THE SERVICE TAX NUMBERS OF THESE PERSONS. THANKS ' BY: JAGDISH BADLANI No answers yet View Answers | Post Answers |
| 6276 |
Apr. 18 2007 |
BSR Code –
(MISC.)
Acronym BSR Codes stands for what? ' BY: Nilesh No answers yet View Answers | Post Answers |
| 6277 |
Apr. 18 2007 |
INDEXATION –
(Capital Gains)
Dear Friends, I would like to ask the treatment of dexation of cost computg capital ga acoountg. Suppose a nd is sold for Rs. 15 kh and purchased for Rs. 2 kh 1996,the followg is the computation of capital ga. Sales conration 1000 Less: dexed cost of acquisition 200000*519,305 340328 LTCG 11,59,672 Now my quion is that what is the Journal entry for the crease cost i.e Rs. 140328 due to dexation books of accounts. Please tell me if you know the treatment. Thankg you anticipation. ' BY: PRAVEEN JAIN No answers yet View Answers | Post Answers |
| 6258 |
Apr. 17 2007 |
Types of Audits –
(AUDIT)
Please provide me details of the types of audits a C.A. can conduct with steps there. ' BY: Archika Agarwal No answers yet View Answers | Post Answers |
