Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 4581–4600
| Que. Id | Date | Description |
|---|---|---|
| 4757 |
Oct. 19 2006 |
Service Tax –
(Service Tax)
My Client is contract busess he often receives payment for work executed but bill is raised on the completion of contract now what happened is that he has not booked service tax on the amonut received from the party but he is liable to pay service tax on the amount received 1)is there any way out by which his service tax liability can be reduced 2]can he call for the amount of service tax from the party concerned 3]will that additional payment received towards service tax be counted as additional work done ? ' BY: anju sharma No answers yet View Answers | Post Answers |
| 4758 |
Oct. 19 2006 |
INTER UNIT TRANSFER –
(DIRECT TAXES)
My client has two partnership firms both firms formed for the purpose of carryg on construction busess amongst the two one is opened the current year only sce the firm was new cert suppliers refused to supply cement so cement was brought old firm and then transferred to the new firm my querry is can they legally do so if yes what are the formalities required ? ' BY: anju sharma No answers yet View Answers | Post Answers |
| 4746 |
Oct. 18 2006 |
TDS of Provision of Fees –
(DIRECT TAXES)
Dear Members Auditors fees provision is made Oct 06 but as of 31,3,2006. No TDS was deducted at that time as the entry is beg made now. Is TDS is to be deducted on the provision of Audit fee made as at 31,3,2006 at the year end else it can be deducted now without any viotion. Please give your valued opion Regards R K Dhandia ' BY: R K Dhandia No answers yet View Answers | Post Answers |
| 4749 |
Oct. 18 2006 |
Incorporation of Private Limited Company –
(CORPORATE & OTHER LAWS)
I am gog to form a private ltd co for one of our client. But I am unaware about the process under the MCA-21, please form , advice detail ' BY: KAMAL TANEJA No answers yet View Answers | Post Answers |
| 4732 |
Oct. 17 2006 |
INCOME TAX –
(DIRECT TAXES)
Conveyance Exps reimbursement are liable for FBT. Please tell whether we can obta decration from employee that these exps can be curred for the journey between office & home so as to escape FBT ? If yes, which head profit & a,c we book these exps ? Pardeep Sg CA ' BY: Pardeep Kumar Singla No answers yet View Answers | Post Answers |
| 4733 |
Oct. 17 2006 |
communication with the Previous tax auditor –
(MISC.)
Please advise whether it is necessary for a statury auditor to communicate with the previous tax auditor on appotment as tax auditors who happens to be same statutory and tax auditor,with whom communication was sent at the time of appotment as statutory auditor ' BY: charan Dass sharma No answers yet View Answers | Post Answers |
| 4719 |
Oct. 16 2006 |
form –
(DIRECT TAXES)
Sir I want to know that which are the new come tax urn forms for 1. Non saried non corporate assesses and 2. Saried assessee and from which date these are effective. Nit Ja ' BY: nitin jain No answers yet View Answers | Post Answers |
| 4721 |
Oct. 16 2006 |
Setting off Fbt against excess TDS –
(DIRECT TAXES)
Sir, A civil contractor is filg his urn of come cimg refund of tax. I may be advised if this excess tax can be adjusted agast FBT liability. ' BY: P.Rajkumar No answers yet View Answers | Post Answers |
| 4722 |
Oct. 16 2006 |
AGRICULTRAL INCOME –
(DIRECT TAXES)
IS COME TAX URN FILED FOR ONLY AGRICULTRAL COME IS UNDER THE PREVIEW OF SCRUTY . UNDER WHAT CIRCUR,NOTIFICATION,SECTION AO CANOT OPEN THE CASE UNDER SCRUTNY ' BY: MANOJ No answers yet View Answers | Post Answers |
| 4723 |
Oct. 16 2006 |
capital expenditure vs section 43B of Income Tax ACt –
(DIRECT TAXES)
whether capital expenditure shown the assets of the bance sheet not paid with the time limits mentioned section 43B of the come Tax Act can be disallowed while computg the taxable come. If so, what would be the treatment for depreciation charges to profit & account. ' BY: p v siva kumar No answers yet View Answers | Post Answers |
| 4725 |
Oct. 16 2006 |
Service Tax Liability on Advance Collection against Taxable service –
(INDIRECT TAXES)
A customer given advance payament may-2006 agast taxable service to be rendered june-2006. which month the service tax liability on collection will arise as per the ACT and under which section &rule ?. ' BY: ASHISH KR.TIWARI No answers yet View Answers | Post Answers |
| 4729 |
Oct. 16 2006 |
filing of return on net –
(MISC.)
what is the system of filg form 1 of IT act on the net. Can a ca upload urns for his clients or each urn is only uploaded by the client himself. ' BY: nishant maitin No answers yet View Answers | Post Answers |
| 4712 |
Oct. 15 2006 |
set against reserves –
(AUDIT)
can a company adjust certas bances agast statutory reserves if any regutor directs the same to be done, the issue is do such adjustments need to be routed thru p&l account or can be directly set off by way of bance sheet adjustement.The regutor quion is a power sector regutor. ' BY: terence No answers yet View Answers | Post Answers |
| 4714 |
Oct. 15 2006 |
Requirement of New Audit Report?? –
(AUDIT)
I have conducted my tax audits July 2006. Now I am filg the come tax urns. Is it necessary to amend audit report u,s 44AB new format of the audits which were done July & report submitted to clients? ' BY: Chiranjiv Sodhi No answers yet View Answers | Post Answers |
| 4716 |
Oct. 15 2006 |
derivative turnover –
(DIRECT TAXES)
1)whether audit u,s 44 AB is compulsary for DERIVATIVE TRANSACTIONS if g & sellg of contracts exceeds 40 khs or it is applicable if net come from this transactions exceed 40 khs 2) whether an assesse can show come from capital gas separately for shares transactions & come from busess for derivative transactions ' BY: pankaj kumar agarwal No answers yet View Answers | Post Answers |
| 4706 |
Oct. 14 2006 |
Service tax on electric fitting –
(Service Tax)
pl. crify me on the followg pots:- a contractor who is engaged fittg of electric wirg will come under the service erection, commissiong $ staltion ' BY: PRAVIN No answers yet View Answers | Post Answers |
| 4708 |
Oct. 14 2006 |
Service Tax on Telephone,Mobile, Car Repair by manufactures –
(Service Tax)
Can manufactures take Cenvat Credit of Service tax paid on Telephone,Mobile, Car Repair ? Please give relevent notification,Circur,Case Decision with hyperlk to details. ' BY: Vinay Kumar Jain No answers yet View Answers | Post Answers |
| 4710 |
Oct. 14 2006 |
FBT –
(FBT)
OFFERG GIFT ARTICLES WITH BRAND NAME,LOGO TO IMPROVE THE SALES WHETHER THE AMOUNTS SPENTS FOR THIS PURPOSE IS THE AMBIT OF FBT ? ' BY: D.BALA KOTESWARA RAO No answers yet View Answers | Post Answers |
| 4711 |
Oct. 14 2006 |
RELIGIOUS OR CHARITABLE TRUST –
(DIRECT TAXES)
ASSESSE A RELIGIOUS TRUST.OBTAED REGISTRATION U,S 12A. TRUST DOG CHARITABLE ACTIVITIES.ITO SENDS SHOW CAUSE NOTICE TO CANCEL 12A REGISTRATION.AS PER ITO SCE WORDS USED ARE RELIGIOUS OR CHARITABLE PURPOSE,ONLY RELIGIOUS ACTVITIES CAN BE CARRIED OUT.IS ITOS ACTION JUSTIFIED? ' BY: VERGHESE No answers yet View Answers | Post Answers |
| 4691 |
Oct. 13 2006 |
Cargo handling –
(Service Tax)
Dear colleagues, One person carryg on a busess. The name of the concern is X Y Caterer. He got registerd with Servie Tax for House Keepg and he is also dog house keepg for some company and the turnover is less than Rs. 4 khs. But addition he is dog cargo handlg . For this he is paid say, Rs.1.25 khs per month. addition he is paid about Rs. 3.5 ksh per month towards bour charges this amount is sent by his prcipal to the credit of his bank account and he withdraws and disburses the entire amount to bours. Out of the 1.25 kh he has to meet the PF and ESI for those bors (about Rs. 55,000). addition he has emloyed some people and pays about Rs. 22,000 and has to pay Local Dadha amountg to Rs.15,000 His prcipal may not be willg to pay service tax.There seems to be no written agreement between them What is his Service tax liability and under which head ? Cargo Handlg ? have we to clude Rs.3.5 ksh along with Rs. 1.25 kh ? Mohamed Shafi mashafica@yahoo.co. ' BY: Mohamed Shafi No answers yet View Answers | Post Answers |
