Sebi offers a way over FPI tax rule hurdle
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| Que. Id | Date | Description |
|---|---|---|
| 5937 |
Mar. 13 2007 |
TDS on payments for labour contract by builder –
(DIRECT TAXES)
respect of payment made by promoter of rential fts to the bour contractor, whether TDS has to be deducted @ 2% or @ 1% treatg the same as sub-contract. whether the construction agreement between the dividual er and the promoter be treated as contract and the contract between promoter and bour contractor be treated as sub contract. ' BY: RM Swaminathan No answers yet View Answers | Post Answers |
| 5917 |
Mar. 12 2007 |
Portfolio management fees –
(DIRECT TAXES)
Dear Members, Whether porfolio management fees paid to PMS Consultant is allowable,deductable agast short,long term capital ga. Please also note that the assessee not dog the such busess i. e. come is shown as short,long term capital ga ' BY: Paresh Bhanderi No answers yet View Answers | Post Answers |
| 5919 |
Mar. 12 2007 |
Relating to PAN –
(DIRECT TAXES)
Sir if a female has its PAN before her marriage, then whether the same PAN will contue after the marriage or not because sirname has been changed.whether new PAN will be applied or the existg one will be amended and what is the procedure for that. What are the cosequences of A,cs banks or stock exchanges regardg change of PAN. ' BY: Anjali No answers yet View Answers | Post Answers |
| 5923 |
Mar. 12 2007 |
Capitalisation of expenses incurred for Acquiring a new Company. –
(AUDIT)
The company curred various expenses on Acquirg a new Company on account of Due Diligence, Professional Fees, Travel, etc. Whether this expenses can be capitalized and added to the cost of acquisition and shown as vment Cost on the Assets the Bance Sheet? ' BY: Bhavik Samani No answers yet View Answers | Post Answers |
| 5925 |
Mar. 12 2007 |
REPATRIATION OF PROCEEDS FROM SALE OF PROPERTY IN INDIA BY NRI –
(MISC.)
A NRI purchased property jot name of himself(as 1st name) & his father ( Rent dian)from his NRO a,c .Now he wants to sell the property & repatriate the proceeds to foreign country of which he is a rent( green card holder).Is it allowed, any monetary limit,rriction on the amount to be repatriated or any other relevant cuse? Regards: Ankush Munjal ' BY: ANKUSH MUNJAL No answers yet View Answers | Post Answers |
| 5912 |
Mar. 11 2007 |
Setting Off the FBT Liability against Income Tax Refund –
(FBT)
Dear Colleagues, A private limited co has filed its urn for the year 06-07 cimg a refund of Rs 200.00. FBT payable for the year 06-07 is Rs.80000.00 My quion is whether the Company can set off this FBT payable agast the refund of Rs.200.00 Please crify ' BY: b. ashok No answers yet View Answers | Post Answers |
| 5913 |
Mar. 11 2007 |
Applicability of Accounting Standard 15 (Revised 2005) –
(MISC.)
Whether AS 15 (revised 2005) is deferred ??? If not the date of mandatory applicability. Also refer announcement Page 1480 of March 2007 CA Journal ' BY: prabhakar No answers yet View Answers | Post Answers |
| 5914 |
Mar. 11 2007 |
Sales against D form to Militery –
(VAT/Sales Tax)
one of my clent has to supply some goods agast D form to militery. the goods are purchased delhi agast Tax voice. Now when he sell these goods agast D form to militery then whether there will be 4 % cst or not. Also whether put tax credit of purchase can be refunded,adjusted agast the tax liability. ' BY: V.P.Gupta No answers yet View Answers | Post Answers |
| 5910 |
Mar. 10 2007 |
Return file in india or not? –
(Income From Salary)
If Mr. A is dog a job Nepal and wants to file a urn dia. His sary R is less than rs. 1.00 ks R. Than whether he can do so or not? if yes, than any other liability will arise for him or not? ' BY: R.N.P. No answers yet View Answers | Post Answers |
| 5911 |
Mar. 10 2007 |
loan fron non resident indian –
(CORPORATE & OTHER LAWS)
can any dividual directly take loan from non rent dian or we required to take permission of RBI ? ' BY: utkarsh mehta No answers yet View Answers | Post Answers |
| 5898 |
Mar. 09 2007 |
ca as a director –
(MISC.)
Can a CA be a director a company. What are the guidles the=is regards ' BY: PRAVEEN JAIN No answers yet View Answers | Post Answers |
| 5899 |
Mar. 09 2007 |
Centralised Registration –
(Service Tax)
A manufacturg Company has two pnts and also does job work. Company has taken centralised reg. for service tax.I wish to have crification regardg followgs:- 1) Can the co. distribute the credit of service tax on put services to any pnt for settg off the excise duty irrespective of fact where such service is utilised. 2) If so, what is the procedure to be followed. 3) if passg of such credit is not possible, what is the resource where exact bifurcation where such services are utilised ( for e.g. service tax on bankg chgs on common bank account for these pnts) to get the credit. With regards, Ashish Fadnavis ' BY: Ashish Fadnavis No answers yet View Answers | Post Answers |
| 5905 |
Mar. 09 2007 |
EMPLOYEE STOCK OPTION SCHEME –
(Capital Gains)
IF THE SHARES WERE ALLOTTED UNDER EMPLOYEE STOCK OPTION SCHEME WERE SOLD AFTER AG A PERIOD OF ONE YEAR, WHAT IS THE TAX LIABILITY? ' BY: SBS MURTHY No answers yet View Answers | Post Answers |
| 5908 |
Mar. 09 2007 |
Applicability of service tax –
(Service Tax)
Dear friends, If an assessees taxable services durg the current year, i.e. 2006-07, are Rs. 5.00 khs but for the next year it will be well below the Rs. 8.00 khs. Whether he is liable to tax for the next year, i.e. 2007-08 as the limit is raised to Rs. 8.00 khs. Please let me have correct answer as the different people different views. Thanks ' BY: Kacham Shekhar No answers yet View Answers | Post Answers |
| 5888 |
Mar. 08 2007 |
BUYING A PROPERTY ON POWER OF ATTORNEY –
(DIRECT TAXES)
Mr. A a property for Rs 10 cs without regerg the sales, but on power of attorney and ter sold the property for Rs 12 cs to another person. My Quions: 1. Whether the profit will be taxed as capital ga or busess profit? 2.Such transaction is legally complied? 2. ' BY: SHIMON XAVIER No answers yet View Answers | Post Answers |
| 5889 |
Mar. 08 2007 |
Liability for Payment of Bonus –
(MISC.)
Dear Colleagues, Whether a Non Bankg Fancial Company, runng under is liable to pay Bonus to its employees under the Bonus act? If yes what is the ceilg and the percentage? Please clrify. ' BY: B.Ashok No answers yet View Answers | Post Answers |
| 5894 |
Mar. 08 2007 |
medical allowance of Rs.15000 per annum –
(DIRECT TAXES)
If a company pays its employees Rs.10 per annum without medical bills (but the company pays FBT on this). Whether this amount is allowed the hands of the employees as exempt? ' BY: g.venkatesan No answers yet View Answers | Post Answers |
| 5887 |
Mar. 08 2007 |
GAIN FROM SALE OF DEPRECIABLE ASSETS –
(Capital Gains)
DEAR MEMBERS, I WANT TO KNOW THAT WHETHER CARRIED FORWARD BUSESS OF EARLIER CAN BE SET OFF AGAST SHORT TERM CAPITAL GA FROM DEPRECIABLE ASSETS OR NOT. PLEASE ALSO PROVIDE SUPPORTED CASES AND SECTION. THANKS ' BY: YATIN PATEL No answers yet View Answers | Post Answers |
| 5874 |
Mar. 07 2007 |
A PUBLIC CHARITABLE TRUST DOES CHARITY NOT PROVIDED IN THE TRUST DEED - EFFECT ON REGISTRATION & EXE –
(DIRECT TAXES)
A public charitable trust spends on charities other than the ones provided the trust deed.Please throw light on the followg: 1. whether registration u,s12 can be denied , cancelled? 2. Can exemption u,s11 be forfeited by ITO for this reason? 3. Can 80G recognition be denied , cancelled? ' BY: M.R.KANNAN No answers yet View Answers | Post Answers |
| 5875 |
Mar. 07 2007 |
Expenses on development of Website –
(DIRECT TAXES)
My client is a publisher and had house developed a website over a period of two years. Total expenses over the period have been Rs. 200 cs. The first years expenses were capitalised the first year as WIP and carried forward as capital expenditure sce it was not complete and not put to use. Major expenses had been curred the first year itself. the second year (A.Y.2003-04) it was capitalised and had cimed depreciation @60% (as applicable to software). The assessg officer diallowed the depreciation on the ground that website is not a software. It was also not allowed as revenue expnses as these were of prior period (as most of the expnses were of previous year (a.y.2002-03) earlier capitalised as WIP). Under the situation assessee neither got depreciation nor as revenue expense. What should be the stand of the assessee to defend ? How he can cim depreciation , revenue expense the A.year 2003-04. Any case w to support. ' BY: Dinesh Agarwal No answers yet View Answers | Post Answers |
