Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 4401–4420
| Que. Id | Date | Description |
|---|---|---|
| 5320 |
Jan. 04 2007 |
SERVICE TAX –
(INDIRECT TAXES)
The assesee made surrendered of Rs. 350,000,- before the come tax authorities U,s 133A. The assesee is registred as a COMECIAL COACHG & TRANG SERVICE under service tax. Now the ACC service tax want to charge service tax on the surrendred come before the come tax authrities. Whether He is justified. Is there any case w support of the above to defend the client. ' BY: vinod Mittal No answers yet View Answers | Post Answers |
| 5303 |
Jan. 03 2007 |
question regarding Sec. 54 F –
(DIRECT TAXES)
TO, The Knowledge portal Re:- Sanjay Gadia Chartered Accuntant 203, Mc Sure Tower 170, RNT Marg , dore Email address sanjay000g@sancharnet. Dear Sir, Query about vment u,s 54F please clearity the Followg regardg Sec –54 F- Section 54 F provides For vment Rention House for exemption from capital ga arise on transfer of Asset other the rential house – my query is the what is the meang of rent house whether it Means the house used for own rence or it also cludes house property let out to some one else for rential Purpuses .As one of my client want to vent the capital ga arise out of sale of nd a ft muti story bulidg & as he live his parental house, can he let out the new house (ft) purchased for takg benifit u,s 54 F, Please reply as early as possible. Thankig You yours faithfully Sanjay Gadia ' BY: sanjay gadia No answers yet View Answers | Post Answers |
| 5304 |
Jan. 03 2007 |
Status of HUF and Individual –
(DIRECT TAXES)
(1) Facts of the case: - the course of assessment proceedgs for the A.Y.2002-03 of an “dividual” assessee the learned AO found that there are deposits the name of his “HUF”. On vigation AO found that the HUF came to existence by gift the previous assessment year and the HUF had some come from ter etc. The loan to the extend of Rs.3,50,000,- was given to dividual by account payee cheques out of deposits the bank account of Rs.5,00,000,-. urn the capacity of the HUF was filed for the A.Y.2002-03 and also for the A.Y.2001-02. No action the case of HUF was taken but the case of dividual the total corpus of the HUF of Rs.5,00,000,- has been added on the ground that nucleus of HUF has not been proved, durg the course of assessment proceedg of the dividual. The assessee (dividual) is appeal before the CIT(A). Query: - Views and case ws on the issues volved above. ' BY: CA. Govind Agrawal No answers yet View Answers | Post Answers |
| 5305 |
Jan. 03 2007 |
Comfirmation of donation U/s.35AC –
(DIRECT TAXES)
Facts of the case: - An assessee has made a donation to Rural Development Center by account payee drafts. The said organization was granted exemption U,s.35AC of the I.T. Act vide notification no.16,2003 dt.22.01.2003. Durg the course of assessment proceedg, the assessee cimed deduction the urn filed and submitted photocopy of the donation receipt Durg the course of assessment proceedg, the assessee produced origal donation receipt, photocopy of Demand Drafts & bank account showg the details of Demand Drafts. A.O. wrote a letter to the aforesaid organization, which was received back sce not delivered due to change office address. Present address of the concern is not avaible with the assessee. AO disallowed the donation on the ground of letter not delivered at the address. appeal the CIT (A) is sistg upon the production of the donee. Query: - Views and case ws on the issues volved above. ' BY: CA. Govind Agrawal No answers yet View Answers | Post Answers |
| 5306 |
Jan. 03 2007 |
Total Guidance notes issued by the institute –
(AUDIT)
can someone tell me the total no of guidance note issued by the stitute till date and where can i get the soft copy of that ' BY: Arihant Kothari No answers yet View Answers | Post Answers |
| 5307 |
Jan. 03 2007 |
SERVICE TAX ON GTA –
(Service Tax)
case of construction company,paid the freight charges on transportation of rial.if transporter does not issue consignment note & no any remark on bill is service tax payable by consignee, such case can consignee paid service tax ?pl.crify.also crify the provision of service tax on GTA By Consignee. ' BY: SHAILENDRA RASIKLAL KOTHARI No answers yet View Answers | Post Answers |
| 5309 |
Jan. 03 2007 |
brought forward depreciation deemed to part of current year depreciation –
(DIRECT TAXES)
Sec.32(2) r.w Sec.72(2)for the purpose of calcutg partners remuneration under Sec.40(b) . Whether unabsorbed depreciation has to be deducted from the current year profit for calcutg remuneration or not. ' BY: B M Nagaraju No answers yet View Answers | Post Answers |
| 5311 |
Jan. 03 2007 |
Interest u/s 234B and 234C –
(DIRECT TAXES)
Whether 234B and 234C ter is payable on MAT tax calcuted u,s 115JB? Further whether karnataka High Court decision wrt Kwality Biscuit Ltd 243 ITR 519 is still applicable? Please give reference to the provisions of the act, if amended? ' BY: Kanti Jain No answers yet View Answers | Post Answers |
| 5293 |
Jan. 02 2007 |
Tax audit limit –
(DIRECT TAXES)
I am a sub-broker earng brokerage come as well as specution come my name. I need to know tax audit limit applicable to me. ' BY: kaushik sheth No answers yet View Answers | Post Answers |
| 5294 |
Jan. 02 2007 |
Preparation of Electoral Photo Identity Card - Service Tax Liability –
(DIRECT TAXES)
Is preparation of EPIC (Electoral Photo Identity Card) for Election Commission or for State Government cludg 16 different activities (that cludes takg photograph of elector)a taxable service? If yes, under which category is it taxable. If not, why the same should not be treated as taxable? ' BY: NILESH SUCHAK No answers yet View Answers | Post Answers |
| 5296 |
Jan. 02 2007 |
Format of Model VAT Audit Report –
(INDIRECT TAXES)
Can I get a soft copy of Model VAT Audit Report published by ICAI? ' BY: NILESH SUCHAK No answers yet View Answers | Post Answers |
| 5290 |
Jan. 01 2007 |
Service Tax on Foreign Bank Charges –
(INDIRECT TAXES)
Exporter are receivg notices from the departmentaskg them to deposit the service tax on foreign bank charges i.e. the payment deducted by the bank at his own or on the struction of foreign er at the time of releasg the fal payment these payments are accounted for under the head foreign bank charges by the exporters & are also reflected BRC can u pl crify whether these payments are liable to Service Tax if yes under which cuse & from which date ' BY: Bhushan No answers yet View Answers | Post Answers |
| 5285 |
Dec. 30 2006 |
capital gains –
(DIRECT TAXES)
an dividual has purchased a rential house the year 1975 and used the same for his own self occupation. May 2003 he has demolished the said old buildg and constructed rential fts and sold them durg 2005. kdly let me know whether the provisions of secton 45(3) applies this case keepg view that he is not contributg the nd any firm or an association of persons as his capital.Kdly enlighten me on the above supported by case ws if any. ' BY: anwar iqbal No answers yet View Answers | Post Answers |
| 5279 |
Dec. 29 2006 |
Service Tax Exemption –
(INDIRECT TAXES)
Respect Sir If i pay Rs 7 kh of commision to my dealer then i have to pay service tax on which amount Rs. 3 kh as the dealers commission exceed Rs. 4 kh current year? so on only Rs. 3 kh service tax is paid? From Dekha ' BY: Dekha Prakashchand No answers yet View Answers | Post Answers |
| 5268 |
Dec. 28 2006 |
Deduction u/s.10B- Export Turnover –
(Profits & Gains of Business & Profession)
AS PER THE SUB CUSE (iii) OF EXPNATION 2 TO SECTION 10B EXPORT TURNOVER DOES NOT LCUDE FREIGHT, TELECOMMUNICATION CHARGES OR SURANCE ATTRIBUTABLE TO THE DELIVERY OF ARTICLES OR THGS OUT DIA..., MY QUERY IS THE TERM FREIGHT USED THIS EXPNATION REFERS TO 1.THE FREIGHT CLUDED VOICES AND RECEIVED CONVERTIBLE FOREIGN EXCHANGE OR 2. THE FREIGHT ACTUALLY PAID ABD DEBITED TO PROFIT & ACCOUNT i.e., THE OCEAN FREIGHT AND ND FREIGHT ACTUALLY CURRED. KDLY CRIFY AND PROVIDE CASE WS IF ANY MURALI ' BY: MANDAPATI MURALI JAGANMOHAN No answers yet View Answers | Post Answers |
| 5270 |
Dec. 28 2006 |
book profit –
(DIRECT TAXES)
a company for Calcution of Book Profit, Sales tax which es to previous years but due to assessment proceedg Sales Tax audthories it was to paid the current fancial year.Should that sales tax es to previous years but paid current year added back for calcution of book profit or not. ' BY: MOHINI CHAUHAN No answers yet View Answers | Post Answers |
| 5271 |
Dec. 28 2006 |
excise duty on goods which are used in the windmill generation –
(INDIRECT TAXES)
Im an article student. one of our clients who is to manufacturg of electrical stampgs is supplyg stampgs to one of his customers who uses the same for the purpose of wdmill generation. there is a circur 6, dated 1st march06 which exempts payment on the same. stead of availg this exemption, hes collectg excise duty at the rate of 10% and payg to the excise dept. Is this practice allowed?? Kdly crify and form me to the earli. with regards article ' BY: ramesh No answers yet View Answers | Post Answers |
| 5276 |
Dec. 28 2006 |
TDS on Contractor's Payment –
(DIRECT TAXES)
Dear Sir, I am a fresh C.A. I want to know that case of Payment made to C & F agents bill cludg Export Freight, AAI Charges, Demurrage charges, Custom Duty,CVD,other port charges, Govt. Dues & service charges of C & F Agent whether tax will be deducted on the whole amount or only on the service charges of the C & F Agent. ' BY: Vivek Jain No answers yet View Answers | Post Answers |
| 5277 |
Dec. 28 2006 |
SECTION - 115JB –
(DIRECT TAXES)
DETAILS OF ALL THE ITEMS OF 115JB ' BY: VIJAY LILADHAR THAKKAR No answers yet View Answers | Post Answers |
| 5259 |
Dec. 27 2006 |
FEMA guidelines for ECB –
(CORPORATE & OTHER LAWS)
Can a IT & Ites service providg company brg ECB?If so what are the applicable guideles and circurs of FEMA.What procedures are required to be followed to comply statutory obligations and brg external funds?Is there any specific format for executg the loan agreement with the External Agency givg ECB ' BY: PARTHA SARATHI NAYAK No answers yet View Answers | Post Answers |
