Sebi offers a way over FPI tax rule hurdle
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| Que. Id | Date | Description |
|---|---|---|
| 5508 |
Jan. 28 2007 |
TDS FOR INTER GROUP COMPANY –
(TDS/TCS)
If a company pays audit fees to another company(Its group Company) which is ltd company seperately corporated for conductg audit for all group company and it charges audit fees to other company. My qusetion is 1) if its cost sharg agreement and bill raised only on cost sharg basis then is tds required to be deducted for 194J 2) if no cost sharg will then also tds be aplicable ' BY: D Purushohoman No answers yet View Answers | Post Answers |
| 5500 |
Jan. 27 2007 |
ded of int –
(DIRECT TAXES)
one of my client has taken loan for constuction of house from his ive wwhether ter payable to his ive is ded us 24 ' BY: nitin jain No answers yet View Answers | Post Answers |
| 5503 |
Jan. 27 2007 |
Agency Commision received in foreign currency –
(Service Tax)
My client is an agent of the foreign trade at German and is used to receive the agency commission foreign currency for markettg dia.Whether is the commision earned by the client attract service tax vide notification no.10,2005? ' BY: Pradyut Meyur No answers yet View Answers | Post Answers |
| 5506 |
Jan. 27 2007 |
REVENUE RECOGNITION –
(MISC.)
1.What is the method of recognition revenue case of High-Sea Sales? 2.What is the meang of Trade& Non trade vment and how to present these Bance Sheet? ' BY: ROHIT MITTAL No answers yet View Answers | Post Answers |
| 5484 |
Jan. 25 2007 |
MAt –
(DIRECT TAXES)
while computg Books Profit as per sec.115JB, when we are adjustg book or unabsorbed depreciation for derivg Book profit. from which this adjustment is to be deducted, from book or unabsorbed depreciation. because it has impact on next years tax payout. can be resorted as a measure of tax pnng...! ' BY: ashish garg No answers yet View Answers | Post Answers |
| 5488 |
Jan. 25 2007 |
Tax Deduction of payment for advertisement in foreign journal –
(TDS/TCS)
One of my clients gave an advertisement foreign magaze. He has to remit payment for the same to a company is USA. Would tax be deductible, if yes, at what rate? ' BY: Naresh Kumar Jindal No answers yet View Answers | Post Answers |
| 5474 |
Jan. 24 2007 |
LTA vs.LTC –
(DIRECT TAXES)
Hello Everybody,Kdly let me know whether there is any difference between LTA(Leave Travel Allowance) and LTC(Leave Travel Concession).If an employee receives fixed monthly LTA,is it fully taxable?However Rule 2B talks only about concession.Whether this Rule 2 B applies to LTA also?Pls.Crify.Thanks ' BY: Balasubramanian R No answers yet View Answers | Post Answers |
| 5478 |
Jan. 24 2007 |
Joint utilisation of services by different assessees.Now service tax credit to be utilised –
(Service Tax)
There are 2 assessees usg a common telephones.The practice of the assessees is first pays the bill for one month and the other pay the bill for second month i.e., alternatively irrespective of the bill amount.The assessee who pays the bill take credit of service tax paid on the bill. The Service Tax department has issued a show cause notice that the practice is wrong any neither of the parties can take credit of the service tax. Please advice on the matter along with relevant casews and provisions. ' BY: CA.Vijay Gilda No answers yet View Answers | Post Answers |
| 5459 |
Jan. 23 2007 |
DEPRECIATION RATES FOR THE ASSTT. YEAR 2004-05 –
(DIRECT TAXES)
WHAT WILL BE THE RATE OF DEPRECIATION ON BUILDGS USED AS HOTELS FOR THE A.Y. 2004-05 ' BY: BRIJENDRA NAGAR No answers yet View Answers | Post Answers |
| 5463 |
Jan. 23 2007 |
Interest on FBT –
(FBT)
Whether ter on FBT cludes surcharge and education cess? For e.g. we have to pay FBT Rs 100 + surcharge Rs 10 + education cess Rs 2 whether ter is calcuted on Rs 100 or on Rs 112 ? ' BY: Pankaj Aneja No answers yet View Answers | Post Answers |
| 5467 |
Jan. 23 2007 |
Case law: To give restropective order of ITAT –
(DIRECT TAXES)
Dear Sir, ion to under mention appeal pendg before the CIT(A) are require some case ws support of my case. Brief History: Assessee is a market committee corporated on 01.01.1968 had come under tax purview from A,Y 2003-04 due to amendment Act. Its case has been selected for scruty U,S 143(3) of come Tax Act 1961 for A,Y 2003-04 and 2004-05. assessment AO has made certa additions and disallowances and because of which assessee is required to pay tax & ter of Rs.20,00,000,-. Agast the of AO assessee appeal is still pendg before CIT(A) Meanwhile assessee filed an application for registration U,S 12A,12AA under general public utility which has been rejected by the CIT, but, on its appeal ITAT has grant the registration U,S 12A,12AA rospectively sce the date of corporation of assesee. Issue: As the assessee has got the registration U,S 12A,12AA rospectively and if he cim all the benefits of section 11 and 12 of come Tax Act the A.Y. 2003-04 and 2004-05 i.e. ion to which appeal is pendig before CIT(A) then its major portion of tax demand will be wiped-off. Sir, I required supportg case ws on this matter. ' BY: KIRTI KUMAR DAGA No answers yet View Answers | Post Answers |
| 5469 |
Jan. 23 2007 |
appearing exams –
(MISC.)
i was passed my PE II nove 2005 whether my fal attempt comes on nov 2007 or may 2008 ' BY: P SIVARAMA PRASAD No answers yet View Answers | Post Answers |
| 5470 |
Jan. 23 2007 |
STATUTORY LIQUIDITY RATIO –
(MISC.)
WHY BANKG OPERATION IT IS REQUIRED TO MATA SLR ON THE BASIS OF DEMAND AND TIME LIABILITIES ON ST FRIDAY OF SECOND PRECEDG FORTNIGHT ONLY? IS THERE ANY LOGIC BEHD SUCH A PROVISION? ' BY: rashmi rani No answers yet View Answers | Post Answers |
| 5449 |
Jan. 22 2007 |
Deduction of TDS on Service Tax –
(TDS/TCS)
case of transport payments the liability of depositg the service tax is on the service receiver. If a transporter raises an voice of Rs.10000,- net and no service tax. And the service receiver has to work out the service tax which works out to Rs.306,- and he deposits cbec. Query: The liabity of TDS is on what portion of the amount, whether it is on Rs.10000,- or Rs.10306,- ? ' BY: Ravi No answers yet View Answers | Post Answers |
| 5451 |
Jan. 22 2007 |
set off of Stock derivatives loss against income from other Heads in the same year? –
(DIRECT TAXES)
Can the from stock derivatives be set off agast come from other Heads the same year? the same year?And does it treated as busess ? ' BY: Rajesh Kumar No answers yet View Answers | Post Answers |
| 5453 |
Jan. 22 2007 |
SERVICE TAX –
(INDIRECT TAXES)
My client is kpo besed gurgaon.it provide the service out dia g to oil exploration consultancy,it paid servisetax on put services. whether com. can take refund of put credit or not. ' BY: RAJENDRA KUMAR No answers yet View Answers | Post Answers |
| 5457 |
Jan. 22 2007 |
Long term capital gains –
(DIRECT TAXES)
If an immovable property is sold after holdg for more than 3 years, is there any option to the assessee to go for 10% rate of Long term capital gas tax stead of 20% without cimg dexation benefit. As per my knowledge, this option is given for sale of shares only. Am I correct ? ' BY: veeresh No answers yet View Answers | Post Answers |
| 5442 |
Jan. 21 2007 |
Consultancy service for eTDS –
(AUDIT)
Whether consultancy service provided to bank for preparation of eTDS urns bar a member from acceptg Statutory Audit of that Bank. ' BY: CA Dhanindra No answers yet View Answers | Post Answers |
| 5434 |
Jan. 20 2007 |
TDS U/S 194I –
(DIRECT TAXES)
Will the telephone rent charges of more than Rs.1.2cs p.a paid by a compnay attract TDS U,S 194I. What will be the effect if it is mentioned as Pn Charges which cludes Rent component. ' BY: Prabhakaran.S No answers yet View Answers | Post Answers |
| 5438 |
Jan. 20 2007 |
Service Tax Pandal Shamiana hire charges received –
(Service Tax)
Pandal Shamiana Firm is registered under Service tax. They collects and paid S Tax on gross receipts of rental for mandap - tents and furniture, electrical lights fans supplied clidg generator hire charges. The same firm is also givg chairs, tables, light mike on hire from their shop to one who collect and urn to shop. Whether firm requires to charge Serv Tax or not? because it is not supplied to mandap or pandal nor any services rendered for local or counter delivery. Is it permissible under w. ' BY: D S SHAH No answers yet View Answers | Post Answers |
