Sebi offers a way over FPI tax rule hurdle
You can add further comments to your query by clicking on "Add Comment".
This link will appear only, if you are logged-in with your user id and password. The same will appear as
"Querist Comment" on the Forum.
Click here to Post your Query >>5987 unanswered question(s) — Showing 4701–4720
| Que. Id | Date | Description |
|---|---|---|
| 4334 |
Sep. 15 2006 |
question regarding consideration of income? –
(AUDIT)
A pvt. ltd. company busess of repair service & matanance of computer,takes matanance contract on different dates of the year, which is not refundable, Can a company take it as come the year of enterg to contract or should it take credit period wise the year and the year followg? ' BY: DHANENDRA F. SHAH No answers yet View Answers | Post Answers |
| 4338 |
Sep. 15 2006 |
Liability to deduct tax at source –
(TDS/TCS)
Consignor on behalf of the consignee has booked a consignment with a transporter , with structions to collect the freight from consignee on behalf of the consignor the payment exceeds Rs.20000,- the transporter hired a truck operator from the market & struct him to deliver the goods on his behalf & to collect the money from the consignee, the truck operator has two truck only. the ulti bility to pay the freight lies upon the consignor, the consignee is makg the payment to the truck operator only on behalf of consignor. the bilty attached with the consignment is of transporter. No the quarry is 1.whether the tax is deductable at the time of payment by the consignee 2.whether a cash payment can be made to truck operator without attractg any disallowance 3.the truck operator is ready to give form 15(i) is it of any use to consignee. 4.the cim of transporter that the TDS is not applicable on transporter is correct, on the basis that he is not the ' BY: Bhushan No answers yet View Answers | Post Answers |
| 4343 |
Sep. 15 2006 |
INVESTMENT IN SPECIFIED ASSETS U|S 54EC –
(DIRECT TAXES)
CAN AN DIVIDUAL GET BENEFIT OF DEDUCTION U|S 54EC BY VG ADVANCE MONEY RECEIVED PURSUANT TO AN AGREEMENT TO SALE IE. BEFORE TRANSFER OF PROPERTY? WILL BOARD CIRCUR ON THIS ISSUE u\S 54E WILL SQUARELY APPLY TO SIMIR SITUATION U\S 54EC-CIRCUR OF 1983 ' BY: SANJEEV KUMAR AGRAWAL No answers yet View Answers | Post Answers |
| 4311 |
Sep. 14 2006 |
Whether director is a employee of company? –
(CORPORATE & OTHER LAWS)
Whether director is count as a employee and w & rules which are applicable to normal employees applicable to them e.g. provident fund deduction etc. If director count as a employee please give the reference under which it is count as a employee ' BY: Radhe Shyam No answers yet View Answers | Post Answers |
| 4313 |
Sep. 14 2006 |
Whether director is count as a employees to the company and other rules which are applicable to norm –
(MISC.)
Under which section or rules or regution director will count as a employee of the company? Whether other rules applicable to normal employees will applicable to them? ' BY: Radhe Shyam No answers yet View Answers | Post Answers |
| 4314 |
Sep. 14 2006 |
Section 145A of I T Act vs Guidance note on VAT & AS2 –
(DIRECT TAXES)
Section 145A of the ITAct prescribe to further adjust the purchase, sales & ventort to clude tax, duties,cess or fees. But AS2 & Guidance note on VAT prescribe for exclusive method of accountg respect of above items.Please advise which method should be followed for audit purpose. ' BY: CA.Pawan Kumar Agrawal No answers yet View Answers | Post Answers |
| 4325 |
Sep. 14 2006 |
269 SS -loan given by directors to the pvt ltd company –
(DIRECT TAXES)
a pvt company, 3directors gave a loan of Rs.2cs each (total 6cs) cash to the company cash to meet urgent requirements. whether 269SS of the IT Act will apply. Is there any casew to support the company? ' BY: g.venkatesan No answers yet View Answers | Post Answers |
| 4292 |
Sep. 13 2006 |
FBT Calculation –
(DIRECT TAXES)
Dear All, What is the procudure to be followed for calcualtg FBT for an Assessee opted to file urn under sections 44AD or 44AF, sce they have not required to mata the books of accounts.Please crify. CA.P.Satheesan FCA, Thrissur ' BY: CA.P.Satheesan No answers yet View Answers | Post Answers |
| 4301 |
Sep. 13 2006 |
SSI Exemption clarification –
(INDIRECT TAXES)
Dear All, The client has got a granite processg dustry which is seekg exemption for clearances of value upto 1 crores. Kdly let me know, what happens if the cleararnces cross 1 crores. Also does granite processg falls under the ambit of manufacture under the excise w. Thanks a lot advance and a quick response is appreciated. Regards, Desh Ja ' BY: DINESH JAIN No answers yet View Answers | Post Answers |
| 4304 |
Sep. 13 2006 |
DEPRECIATION ON LEASE HOLD LAND –
(Profits & Gains of Business & Profession)
UNDER COMPANIES ACT DEPRECIATION FOR LEASE HOLD ND IS PROVIDIED OVER THE LEASE LIFE OF THE ASSET BUT UNDER COME TAX CAN DEPRECIATION BE CIMED ON LEASE HOLD ND. CASE IF LEASEHOLD IS CONVERTED TO FREEHOLD CAN CONVERSION CHARGES BE DEBITED TO P&L A,C SCE THIS IS ON BEHALF OF FUTURE LEASE RENTALS ' BY: MANISH GUPTA No answers yet View Answers | Post Answers |
| 4282 |
Sep. 12 2006 |
TDS on Stipend paid to Student –
(TDS/TCS)
Our company is payg stipend to students who joed us for 5years course. Stipend amount will be Rs. 20000 per month. One student consulted a member of ICAI and got the opion that stipend can not be treated as say and TDS on this amount should not be made. whether Stipend can be tereated as sary? if yes, any deduction avaible for Fees paid for the course. ' BY: Anantha Mallya No answers yet View Answers | Post Answers |
| 4291 |
Sep. 12 2006 |
service TAX –
(Service Tax)
1. The BSNL provides space to other telecom operators to keep their equipments to facilitate ter-connectivity. For the space so provided by the BSNL, it receives rent from the telecom operators. 2. The querry is whether the rent collected for the space provided to other Telecom operators to keep their equipments to facilitate terconnectivity is liable for Service-tax under Busess Support Services, or any other Taxable services under the Service Tax w,Rules. ' BY: S.C.KISHORE No answers yet View Answers | Post Answers |
| 4266 |
Sep. 11 2006 |
CENVAT CREDIT ON SERVICE TAX PAID ON TRANSPORATION BY SERVICE TAKER –
(INDIRECT TAXES)
We are payg excise duty on Fished Goods i.e paper & also depositg service tax on transport charges for put rials. This service tax is beg deposited by TR-6 chalns. can we get the cenvat credit on service tax deposited through TR-6 chaln (i.e Service tax on transportaion) ' BY: ASHOK KUMAR AGARWAL No answers yet View Answers | Post Answers |
| 4267 |
Sep. 11 2006 |
FBT on LTC –
(DIRECT TAXES)
Please refer FAQ 44 and answer theo. answer it has been mentioned that sce LTC is a part of sary , hence FBT is not applicable. Further It has also been mentioned that, Qutote However, if the LTC is not cluded sary as defed section 17 will be cssified as an expenses for the purpose referred caluse (F) of sub-section (2) of Section 115WB and will accordgly be liable to FBT. context of above, my query is if Company pay LTC to Mr. A and it is exempted his hand, whether any FBT is payable or not. ' BY: CA Rajesh Kumar No answers yet View Answers | Post Answers |
| 4269 |
Sep. 11 2006 |
takeover the business –
(INDIRECT TAXES)
x an diviual takeover the runng busess of his HUF takg all assets and liabilities conration of hufs bance of capital a,c as on date of takeover whether it attracts the tax libilities hand of huf for takeover and any requirement to give note audit report the books of HUF ' BY: JITENDRA RAJAWAT No answers yet View Answers | Post Answers |
| 4272 |
Sep. 11 2006 |
Due Dates in Excise –
(INDIRECT TAXES)
What are the various due dates for depositg excise duty, submittion of urns case of excise duty? ' BY: Sandeep Kumar Singh No answers yet View Answers | Post Answers |
| 4274 |
Sep. 11 2006 |
Share Application Money Vs.Authorised Share Capital –
(CORPORATE & OTHER LAWS)
Dear Friends, If company has authorised share capital of Rs.5 cs can company accept Share application money beyond Rs.5 cs say Rs.25 cs. Thanks! -Rajesh Gurbani ' BY: RAJESH KUMAR GURBANI No answers yet View Answers | Post Answers |
| 4259 |
Sep. 10 2006 |
New Form 3CD- Whether cetificate U/s 269SS/269T to be enclosed along with Return of Income & New For –
(DIRECT TAXES)
New Form 3CD requires us to obta copy of cetificate U,s 269SS,269T etc. Whether cetificate U,s 269SS,269T to be enclosed along with urn of come. ' BY: Rajesh Bagrecha No answers yet View Answers | Post Answers |
| 4260 |
Sep. 10 2006 |
Surcharge on FBT –
(DIRECT TAXES)
Is surcharge appllicable on F B T ? Is Education Cess payable on ter payable on cometax, Service Tax and FBT ? Mohamed Shafi ' BY: Mohamed Shafi No answers yet View Answers | Post Answers |
| 4262 |
Sep. 10 2006 |
Whether Tax Audit Report is required to be filed with the I.Tax Department –
(DIRECT TAXES)
As per the new come Tax Forms, no documents can be filed with the come Tax urn. But whether Tax Audit Report is required to be filed with the come Tax Department as required under Section 44AB of the come Tax Act? ' BY: Vijay Kumar Agarwal No answers yet View Answers | Post Answers |
