Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5986 unanswered question(s) — Showing 4261–4280
| Que. Id | Date | Description |
|---|---|---|
| 5768 |
Feb. 24 2007 |
capital gain –
(DIRECT TAXES)
case of an assessee who sells his nd which is beyond municipal limits i.e. he sells an agriculture nd do he need to show agriculture come the precedg years to cim it not taxable under capital gas? If the same is not shown can ITO tax the sale proceeds takg it to be come from busess & profession takg it to be adventure the nature of trade or any other manner because the amount volved is very high. ' BY: Meenakshi No answers yet View Answers | Post Answers |
| 5754 |
Feb. 23 2007 |
whether cst liability can be setoff against vat inputcredit –
(VAT/Sales Tax)
hi, i am dog my fal year of articleship trang. Durg an audit i found that one of our client was usg his excess put credit(VAT) to setoff agast his CST liability. my ques to you is can he do so?, if no what could be done the current senerio. ' BY: Ch.Ramesh No answers yet View Answers | Post Answers |
| 5756 |
Feb. 23 2007 |
Service Tax for Software Consultancy Services –
(INDIRECT TAXES)
Currently there are a lot of confusions about the kd of services covered or exempt under Service tax. Will it be possible to get a list of Taxable and Non taxable services for Software dustry? ' BY: Manjula .L No answers yet View Answers | Post Answers |
| 5740 |
Feb. 22 2007 |
Repayment of loan by a chit fund (Sec 269T) –
(DIRECT TAXES)
Please crify whether section 269T is applicable to a chit fund. other words, can a chit fund repay a loan of an amount exceedg Rs. 20000 cash? ' BY: AJAY SHARMA No answers yet View Answers | Post Answers |
| 5741 |
Feb. 22 2007 |
Centralised Registration –
(Service Tax)
An assessee registered with Delhi Commissionerate, opens a branch office at Gurgoan & Noida and wishes to obta centralised registration of all the three offices. Please crify the procedure volved there. ' BY: AJAY SHARMA No answers yet View Answers | Post Answers |
| 5743 |
Feb. 22 2007 |
application of income of a charitable trust –
(DIRECT TAXES)
One charitable trust givg donation to another charitable trust.Whether it amounts to application of come the hands of the donar. Otherwise whether it can cim deduction U,S 80G of come Tax Act,1961. ' BY: Siva Sankar Chakala No answers yet View Answers | Post Answers |
| 5745 |
Feb. 22 2007 |
revised return and time limit u/s 143(2) –
(DIRECT TAXES)
ORIGAL URN OF COME FOR ASSTT YEAR 2005-06 UNDER SEC 139(1) FILED ON 31.5.2005. iT WAS REVISED UNDER SEC 139(5) ON 07.08.2005. ITO ISSUES FIRST NOTICE UNDER SEC 143(2) ON 19.8.2006. WHETHER TIME AS WORDS SEC 143(2) ARE URN OF COME AND NOT REVISED URN OF COME. SEC 139(1) AND 139(5) ARE DEPENDENT OF EACH OTHER, MUTUALLY EXCLUSIVE SO WORDS URN OF COME CAN NOT CLUDE REVISED URN OF COME. PLEASE CRIFY. ' BY: SUBHASH CHANDRA SINGHAL No answers yet View Answers | Post Answers |
| 5748 |
Feb. 22 2007 |
inclusion of land cost for deriving % completion of project –
(MISC.)
we are the developer of construction project at own and followg the % completion of contracts method as per Guidance note issued by ICAI. we are on debate that can we conr nd cost for determition of % completion of Project. some of my friends are havg view that calcution of % completion is based on completion of Activity and sce the nd cost is not part of construction activity it will be excluded from the project cost for the purpose of calcutions. Please advice ' BY: Bharat Kumar No answers yet View Answers | Post Answers |
| 5749 |
Feb. 22 2007 |
Business Reorganisation –
(DIRECT TAXES)
Busess Reorganisation u,s 47 ( Xiii) Q. If the Partnership Firm is havg the Two partners say X and Y and the firm has been converted to Pvt. Ltd Co. At the time of Succession of the Busess of the Partnership Firm the Capital Account was outstandg of Rs.100000,- i.e. Rs. 00,- to each partner and the Pvt. Ltd. Company has allotted 10000 Equity Shares of Rs. 10,- to both the partners agast their Capital Account. After that the partner has sold 49% shareholdg to the outrs is there any Capital ga arise to the partners or not? And further the Pvt. Ltd. Co. has allotted 10000 Equity Shares @ 10,- each to the outrs whereas the Pvt. Ltd. Company NAV per Share is Rs.90,-. that case is the Company liable for any tax either normal tax or capital ga tax?. Please advice and give the reference of any case w if any. ' BY: Ratnesh Chand Jain No answers yet View Answers | Post Answers |
| 5750 |
Feb. 22 2007 |
fbt forms and return –
(FBT)
Dear Sir I want to know what are the forms for chaln and urn under FBT and from where we can get or down load these Yours truly, CA Nit Ja ' BY: nitin jain No answers yet View Answers | Post Answers |
| 5734 |
Feb. 21 2007 |
FBT on Tour and Travel –
(FINANCIAL MANAGEMENT)
I am havg some confusion regardg FBT to be charged on Tour and Travel view of the amendment made by the Fance Act, 2006. Kdly crify whether FBT is to be taken @ 5% on TOTAL Tour and Travel expenses or only on the air,tra ticket cost component terms of Cuse Q of Section 115WB (2) and on Hotel, Boardg and Lodgg facilities FBT is to be taken @20% under the provisions of Cuse G of Section 115WB (2). the case of a normal assessee. Kdly crify. Regards Anil Maheshwari ' BY: Anil Maheshwari No answers yet View Answers | Post Answers |
| 5721 |
Feb. 20 2007 |
Directorship of a part time practicing member –
(CORPORATE & OTHER LAWS)
Can a CA havg part time practice become a Director a Pvt Ltd Company. If yes Does he have to get permission from stitute or he is only required to give timation. ' BY: PARTHA SARATHI NAYAK No answers yet View Answers | Post Answers |
| 5723 |
Feb. 20 2007 |
VAT on second-hand car –
(VAT/Sales Tax)
Please crify about Delhi VAT provisions on the issue of sale & purchase of second-hand car. ' BY: AJAY SHARMA No answers yet View Answers | Post Answers |
| 5726 |
Feb. 20 2007 |
Is Service Tax Credit available on the GTA services avialed by the company. –
(Service Tax)
Is Service Tax Credit avaible on the GTA services availed by the company even though it has cimed abatement of 75%. Also, what about put and output transport service. ' BY: CA. Jayesh Ashokkumar Jain No answers yet View Answers | Post Answers |
| 5728 |
Feb. 20 2007 |
TDS and Service Tax –
(DIRECT TAXES)
Sir, I want to know that whether TDS will be deducted on total amount clusive of Service Tax or Exclusive of Service Tax? ' BY: Rakesh Kumar Singhal No answers yet View Answers | Post Answers |
| 5711 |
Feb. 19 2007 |
Credit Of Service Tax Paid on Import Of Services –
(Service Tax)
Dear Sir, I am a fresh C.A. I want to know that case of import of services, service receiver has to pay the service tax on the value of services received, whether this service tax paid can be cimed as put service tax credit or not. ' BY: Vivek Jain No answers yet View Answers | Post Answers |
| 5713 |
Feb. 19 2007 |
NSC ELIGIBLE FOR DED U/S 80C –
(DIRECT TAXES)
WHETHER NSC PURCHASED THE NAME OF SPOUSE IS ELIGIBLE FOR DEDUCTION U,S 80C ' BY: ATUL SETH No answers yet View Answers | Post Answers |
| 5714 |
Feb. 19 2007 |
MEMBER CUM AUDITOR IN SOCIETY –
(AUDIT)
B & CO. CA, IS AUDITOR A SOCIETY REG UNDER SOCIETY REG ACT 1860. MR B PARTNER THE FIRM WANTS TO BECOME MEMBER THE SOCIETY. IF YES, WHETHER HE CAN CONTUE AS SIGNG PARTNER ? IF YES, HOW ?, IS THERE ANY GUIDANCE OF THE STITUTE ? ' BY: CA. Quadri Syed Saifullah No answers yet View Answers | Post Answers |
| 5715 |
Feb. 19 2007 |
ASSET RECONSTRUCTION CO –
(CORPORATE & OTHER LAWS)
SIR, PL FORM THE BASIC DEFITION OF ASSET RECONSTRUCTION CO AND HOW IT IS DIFFERENT FROM OTHER COS SPECIALLY REGARD TO REGISTRATION OF CHARGE WITH THE ROC ' BY: navin chander goel No answers yet View Answers | Post Answers |
| 5716 |
Feb. 19 2007 |
Credit of Education Cess in TDS –
(TDS/TCS)
Why is the cess on TDS shown separately the TDS urn? and can the credit of TDS deducted be adjusted with the fal liability to pay the tax cludg Cess or Excludg Cess, For Eg.The fal liabilty to pay tax is Rs. 10000 and the TDS deducted cludg Cess is Rs. 8 and the TDS deducted without conrg the Cess is Rs. 8000. So the fal liabilty to pay tax is Rs.1(10000-8) or Rs. 2000(10000-8000)? ' BY: Ashu Khanna No answers yet View Answers | Post Answers |
