Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 4741–4760
| Que. Id | Date | Description |
|---|---|---|
| 4232 |
Sep. 07 2006 |
Service Tax on royalty –
(INDIRECT TAXES)
Dear Members The assessee is payg royalty to foreign colborators as part of the agreement entered to when the factory was put pce and busess activities commenced. The royalty is payable to the foreign colborator as a percentage on sales. Is service tax applicable this case. Regards ' BY: Radhakrishna Tantry No answers yet View Answers | Post Answers |
| 4203 |
Sep. 06 2006 |
Criteria for tax audit –
(AUDIT)
Is the turnover the only criteria for tax audit, if that is so . it means case of an dividual, though vment is crores , TDS provisions WILL not BE APPLICABLE (Except on sary) as long as his reciepts ,turnover exceeds Rs. 40cs. ' BY: RAJESH KUMAR No answers yet View Answers | Post Answers |
| 4206 |
Sep. 06 2006 |
capital gain on receipt of insurance cliam of depreciable asset –
(DIRECT TAXES)
threre was fire the facotry ,all assets cludg pnt and machery droyed.the assessee has logded surance cim . there is depreciable block of Rs.25.00 cs under I.T.Act,1961 and assessee has cimed Rs.61.00 under surance policy . whether we can account the capital ga on receipt basis for surance amount received from surance companies? or we have to account the capital gas on accrual basis? ' BY: SANJAY EKNATH SONI No answers yet View Answers | Post Answers |
| 4213 |
Sep. 06 2006 |
service tax on flats –
(INDIRECT TAXES)
pls provide the t update on service tax levy on purchase of ft and the extract of the case w,circur. ' BY: RamyaR No answers yet View Answers | Post Answers |
| 4184 |
Sep. 05 2006 |
FBT on provisions –
(FBT)
Is FBT required to be paid on provisions the books of accounts i.e. whether FBT is on accrual basis or on paid basis. ' BY: Manish Gupta No answers yet View Answers | Post Answers |
| 4185 |
Sep. 05 2006 |
TDS ON SOFTWARE DEVELOPMENT –
(DIRECT TAXES)
Whether TDS to be deducted for the payment towards software development product(not off the shelf product).If so at what per cent? ' BY: CA.BHUVANA No answers yet View Answers | Post Answers |
| 4186 |
Sep. 05 2006 |
interest on housing loan –
(DIRECT TAXES)
Dear Collegues, if the Son taken the housg loan for construction of house but house is registered fathers name whether the son can cim exemption for ter on housg loan??, ' BY: Srinivasa A No answers yet View Answers | Post Answers |
| 4187 |
Sep. 05 2006 |
Amount received from benefit match –
(DIRECT TAXES)
Dear Collegues, whether the fund received from benefit match pyed is taxable the hands of the recepient???? ' BY: Srinivasa A No answers yet View Answers | Post Answers |
| 4190 |
Sep. 05 2006 |
tax on flat owner association –
(DIRECT TAXES)
Pl let me know whether surplus amount of Rs 220000 of a ft owners association which was not registered under society act is taxable or it will treated as an association for mutual ter and hence no such surplus will be taxable under I Tax Act. ' BY: KRISHNA KUMAR RATHI No answers yet View Answers | Post Answers |
| 4191 |
Sep. 05 2006 |
taxation of NRI –
(DIRECT TAXES)
An NRI wants to troduce his capital dia, as far as my knowledge is concerned if any NRI is vg his fund dian busess , A.O. is authorise to ask about sources of his come. Pls advice whether my knowldge is right or wrong? ' BY: SANJIT KUMAR No answers yet View Answers | Post Answers |
| 4192 |
Sep. 05 2006 |
Recreation Club - exempted under in which section ? –
(DIRECT TAXES)
Dear colleagues, Under which section of come tax Act can we cim exemption for a recreation club ? Is it S.10 (23) BBA or S. 11 ? Section 11 deals with ocme From Property held under Trust - where as Most of the Club are registered under Scoieties Regn Act and the come comprises Subscrion and donations. If my view is correct - then we need not register under S.12A, because the section 12A starts with the words The Provision of Section 11,12 shall not apply..... Are my views correct ? Mohamed Shafi mashafica@yahoo.co. ' BY: Mohamed Shafi No answers yet View Answers | Post Answers |
| 4196 |
Sep. 05 2006 |
Applicablilty of Tax Audit –
(DIRECT TAXES)
My client is a Doctor who provide services to one of the reputed hospital. Durg the previous year which was his first year of profession, he received about 8 cs towards his professional Fees. However TDS certificate rcvd from the hospital shows that TDS was deducted on professional fees of about 10.5 cs. Now if we follow cash system, as we normally do, accordg to my belief he will not be lible for tax audit sce he received fees less than Rs. 10 cs. Whether this case we cim the benefit of Full TDS sce hospital will not issue another TDS certificate for the amount paid by them after March of the prev. year.(As hopital follows Accrual System of Accountg). Or To cim the benefit of entire TDS amount is it compulsory for the doctor to follow accrual system of accountg and thereby come under the provisions of Sec. 44 AB which normally he dont want. ' BY: VINOD DINKAR PAWAR No answers yet View Answers | Post Answers |
| 4197 |
Sep. 05 2006 |
Plant Not Put to use. No Depreciation claimed from last 3 years. Want to write off . Tax Benefits ?? –
(DIRECT TAXES)
A company has make expenses on pnt and machary for Rs. 22 cs. Pnt is not stalled and not put to use. No Depreciation cimed from st 3 years. Now all is scrap.Now co. want to remove it from books . How to avail maximum tax benefit?? ' BY: Avdhesh Goel No answers yet View Answers | Post Answers |
| 4198 |
Sep. 05 2006 |
WHETHER CONCURRENT AUDITOR CAN SIGN PROJECT REPORT TO BE SUBMITTED TO THE SAME BRANCH –
(COUNCIL DECISION)
WHETHER A CONCURRENT AUDITOR OF A BANK BRANCH CAN SIGN PROJECT REPORT TO BE SUBMITTED TO THE SAME BANK BRANCH ? WHETHER ABOVE AUDITOR CAN SIGN BOOK DEBT STATEMENT TO BE SUBMITTED TO THE BANK BRANCH BY THE CUSTOMER ? ' BY: SUPTARU MANNA No answers yet View Answers | Post Answers |
| 4173 |
Sep. 04 2006 |
service tax on reapir & maintenance of charitable institution –
(INDIRECT TAXES)
Construction, repair and nance work, which are for the use of organizations or stitutions beg solely for educational, religious, charitable, health, sanitation or phinthropic. Whether taxable under the category of Management, nance or repair services from 16-06-2005 or any other category of service. ' BY: SANDEEP BAPU SALUNKE No answers yet View Answers | Post Answers |
| 4178 |
Sep. 04 2006 |
TDS on Brokerage debited by the share broker –
(DIRECT TAXES)
An assessee is engaged frequent g & sellg of shares. The profit, is beg decred as come, from busess. Share broker deducts his brokerage from the proceeds of share sales or on effectg purchase of shares. Brokerage so debited by the share broker will be booked as expense by the assessee his books as per contract notes. Whether provisions of Section 194H are applicable? If applicable, how to comply with the provisions? ' BY: L.K. Kathare No answers yet View Answers | Post Answers |
| 4179 |
Sep. 04 2006 |
TDS ON INBCOME OUTSIDE INDIA –
(CORPORATE & OTHER LAWS)
X IS NRI.HE HAS GONE OUT DIA ON DEPUTATION BASIS BY A COMPANY REGISTERED DIA FOR SITE WORK.AT SITE HE HAS BEEN PAID REMUNERATION AFTER TDS DEDUCTION.WHETHER X IS POSITION TO ADJUST THIS TDS HIS COME TAX URN. ' BY: NITIN AGGARWAL No answers yet View Answers | Post Answers |
| 4180 |
Sep. 04 2006 |
Please give me details reg: Treasury operations of Banks? –
(FINANCIAL MANAGEMENT)
Treasury operations of Banks?- How it is concerened with their daily operations? ' BY: sreeram No answers yet View Answers | Post Answers |
| 4182 |
Sep. 04 2006 |
applicability of fbt –
(FBT)
Do the provisions of FBT applicable to a proprietorship concern? Please answer. ' BY: SUDIP KUMAR MUKHOPADHYAY No answers yet View Answers | Post Answers |
| 4183 |
Sep. 04 2006 |
FBT on Service Tax in the Bill. –
(DIRECT TAXES)
Dear Members, My query is regardg FBT on Service Tax.One of our clients is a service provider.They take credit for the service tax they have paid on puts and debit it to a separate account.Only the bance amount they debit to expenses account.Is it enough to pay FBT on the expenses portion alone,i.e,net of service tax.pls crify. Thanks, Basubramanian,Chennai ' BY: Balasubramanian No answers yet View Answers | Post Answers |
