Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 4781–4800
| Que. Id | Date | Description |
|---|---|---|
| 4089 |
Aug. 28 2006 |
Turnover of transactions in derivatives of shares –
(DIRECT TAXES)
Turnover of normal busess of a jeweller is Rs. 38.5 cs. He also has transactions derivatives of shares with turnover exceedg Rs. 10 cs and curred a of Rs. 87,000. Whether his total turnover will qualify tax audit U,S 44AB? The derivatives shares is not conred as a specutive transaction. ' BY: sunita sanjay soni No answers yet View Answers | Post Answers |
| 4091 |
Aug. 28 2006 |
applicability of new form no.2 , 3 –
(DIRECT TAXES)
sir, new form no. 2 & 3 came to existance for a,y:2006.07 . i wanted to know whether form no.2d can be filled or not. form no.2 & 3 are compulsory or optional. ' BY: manoj kankaria No answers yet View Answers | Post Answers |
| 4092 |
Aug. 28 2006 |
Block of Assests –
(DIRECT TAXES)
Assessee is tenant of Commercial shop from st 20 years and payg rent for the same but not shown books of account. Now Owner is reconstructg the premises(A) and givg ownership of new shop same premises stead of old commercial shop(rental shop)with condition of payment of registration charges and stamp duty for this new shop Rs.1,69,700,-. Assessee purchases additional new shop premises (A)of Rs.27,91,940,- and also purchase new shop premises(B) of rs.23,83,040,-. Now assessee is sellg both shops of premises(A)of Rs.48,43,000,-. the A.Y 05-06 we have shown it Block of Assets as follows PURCHASE Premises (A) 1)Rs.169700,- (rental) 2)Rs.2791940,-(new purchase) Premises (B) Rs.2384040,- Total Purchase Rs.5345680,- Less : Sales of premises(A)(1,2) Rs.4843000,- Net Block of Ass Rs.502680,- and also we have provided depreciation on 502680,- and premises (B) is given rental basis A.Y 06-07. ' BY: R C Jain No answers yet View Answers | Post Answers |
| 4093 |
Aug. 28 2006 |
Share Issue to NRI(Individual) –
(CORPORATE & OTHER LAWS)
dian Pvt.Ltd Company Can Issue Share to NRI(dividual).If yes than what are the formalities fulfilled by NRI & dian Company. ' BY: R C Jain No answers yet View Answers | Post Answers |
| 4094 |
Aug. 28 2006 |
Service Tax Credit –
(INDIRECT TAXES)
Contractor ,Builders, had to pay Service Tax on Goods Transport Agency den whther v can take credit of other service tax paid different are i.e. Telephone , Advertisement n any other Service Tax paid by us to other Service providers even after takg the abatment @ 75% On what basis we can cim such credit? ' BY: dipali No answers yet View Answers | Post Answers |
| 4081 |
Aug. 27 2006 |
start of new file –
(DIRECT TAXES)
when we start a cometax file generally we shoe case of dies come way of mehendi or tailorg work or home made products,but now itos are startg quiong this.so i want to have some ideas how to create new come tax file .any other way out then this one. ' BY: MANOJ KUMAR AGRAWAL No answers yet View Answers | Post Answers |
| 4063 |
Aug. 26 2006 |
audit of NG.O. –
(AUDIT)
An N.G.O.runng from 4 years. Havg assets about to 25 cs. No accounts are mataed till now. Yet to be renewaled this year. Audited results are necessary for st our years. what will be the procedure. ' BY: kapil agarwal No answers yet View Answers | Post Answers |
| 4064 |
Aug. 26 2006 |
RANGE NAME AND CODE ON CHALLAN TR-6 –
(Service Tax)
I AM SUPPOSED TO FILE TR-6 CHALN FOR ONE OF MY CLIENTS , BUT I AM UNABLE TO GET THE DETAILS OF RANGE NAME AND CODE TO BE FILLED UP TR-6 CHALN AND ALSO THE COMMISENRATE NAME AND CODE. PL HELP ME WITH THIS AND HOW SHOULD I GO FOR FDG IT ' BY: ARCHANA No answers yet View Answers | Post Answers |
| 4066 |
Aug. 26 2006 |
Revised GN on revision of Form 3CD –
(MISC.)
Form 3CD is revised and the reportg requirements have been creased substantially. ICAI must be workg on the revised GN to cover the new,revised cuses. Can any member throw light on the status of the same. ' BY: sanjay agrawal No answers yet View Answers | Post Answers |
| 4067 |
Aug. 26 2006 |
Applicability of MAT on profit derived u/s 80IC –
(Profits & Gains of Business & Profession)
A manufacturg company located Uttaranchal, Himachal is eligible to cim 100% exemption from come tax u,s 80IC for first five years, whether such profit is also subject to the provision of MAT u,s 115 JB of come Tax Act? ' BY: SANJIT KUMAR No answers yet View Answers | Post Answers |
| 4068 |
Aug. 26 2006 |
shareapplication money –
(DIRECT TAXES)
i just want to know can we receive share application money cash.conrg both come tax act as well as companies act.agian if we can receive can we refund cash.please clear mu doubts.if any case w,to support ' BY: manoj No answers yet View Answers | Post Answers |
| 4069 |
Aug. 26 2006 |
Is it electronic filing of income tax return in case of Companies is compulsory. –
(DIRECT TAXES)
Sir, Is it electronic filg of come tax urn case of Companies is compulsory, if not than what is the st date for filg the same manually. I know that st date is 31 st oct. 2006. but i want to know the st date for filg CORPORATE COME TAX URN MANUALLY. ' BY: GAURAV BANSAL No answers yet View Answers | Post Answers |
| 4070 |
Aug. 26 2006 |
Provision of Audit Fee –
(DIRECT TAXES)
Comapny made a provision of Audit fee for the F.Y 2005-06. The bance sheet was falised the month of July 2006. No TDS deducted durg F.Y 2005-06. TDS deducted July 2006 and accordgly payment of Tax was deposited with Govt on 7th August, 2006. Sce no TDS was deducted F Y 05-06, whether the expenditure shall be treated as admissible u,s 40(a) and as a Tax Auditor we should report this fact Tax Audit report ' BY: Rajesh Kumar No answers yet View Answers | Post Answers |
| 4072 |
Aug. 26 2006 |
Company registered in Netherlands –
(DIRECT TAXES)
We have floated one wholly owned subsidiary nethernds. 100% of shareholdg is held by dian rents. Further whole control exists dia except one person has been appoted there to lookafter day to day matters. Now my query is 1. What is the rential status of this company. 2. Whether All taxation ws ed to tax audit, FBT, urn filg will be applicable to it 3. What is the tax treatment of the company. Whether it require to file IT urn there nethernd and dia also. ' BY: sanjeev garg No answers yet View Answers | Post Answers |
| 4076 |
Aug. 26 2006 |
FBT on Partners Exp. –
(FBT)
Dear Friends. The section 115WA of the come tax Act on FBT reads as under: B.Basis of charge Charge of frge benefit tax. 115WA. (1) addition to the come-tax charged under this Act, there shall be charged for every assessment year commencg on or after the 1st day of April, 2006, additional come-tax ( this Act referred to as frge benefit tax) respect of the frge benefits provided or deemed to have been provided by an employer to his employees durg the previous year at the rate of thirty per cent on the value of such frge benefits. (2) Notwithstandg that no come-tax is payable by an employer on his total come computed accordance with the provisions of this Act, the tax on frge benefits shall be payable by such employer. Please let me know when a partnership company the travel,conveyance etc is curred on and by the partners [especially sce there is no employer-employee ionship between partners and firm,] will attract FBT? ' BY: Sivaraman V No answers yet View Answers | Post Answers |
| 4078 |
Aug. 26 2006 |
whether deduction available for general insurance business commission? –
(DIRECT TAXES)
whether the adhoc decution of 50% for first year commission and 15% for renewal commission avaible to general surance agents also ? please let me know. ' BY: guru No answers yet View Answers | Post Answers |
| 4079 |
Aug. 26 2006 |
using of firm`s letter head –
(MISC.)
1) Can a CA havg his proprietorship firm use his firm`s letter head and seal of his firm case a)of unaudited accounts and b)of projected accounts? If the answer is affirmative, can he put his signature and express his comments? 2)Can Security Deposits of a subdealer be termed as Current Assets the books of subdealer? This deposits are beg kept to Ma dealer. 3)Can a CA conduct his audit (Not Tax Audit) and express his opion case client is not havg any sale bills because he is runng a small Stationery goods shop? ' BY: SUDIP KUMAR MUKHOPADHYAY No answers yet View Answers | Post Answers |
| 4050 |
Aug. 25 2006 |
Conveyance Allowance vis a vis Reimbursement –
(DIRECT TAXES)
Hello Members, An employee is gettg Conveyance allowance from the employer,which is exempted to the tune of Rs 800 p.m. Bes the employer also reimburses fuel expenses curred by the employee for two wheeler.This two wheeler is owned by the employee and is used by him for personal as well as official purposes. Any such reimbursement is exempted the hands of employee if he produces bills for the cim.Now the employee enjoys the double benefit of conveyance allowance exemption as well as reimbursement of fuel expenses.Can the ass.officer proceed to disallow either of the two?Pls .crify. Thanks, Basubramanian,Chennai ' BY: Balasubramanian No answers yet View Answers | Post Answers |
| 4051 |
Aug. 25 2006 |
input tax credit –
(INDIRECT TAXES)
Dear Members, case we do not update our service tax registation details with new premises opened up...cant we cim put tax credit avaible on bills raised at that address? Q2. what are the consequences of not registerg the updatg the changes particurs of service provider? pls crify. regards raghu ' BY: raghu No answers yet View Answers | Post Answers |
| 4052 |
Aug. 25 2006 |
claim for bad debts. –
(Profits & Gains of Business & Profession)
Busess funds deposited with an NBFC over period of time various short term deposits. some renewed peirodically, som encashed whn matured as per funds requirement the busess. Subsequently, the NBFC is wound up and liqiudation. Legal notice issued, but no response. ter earned from the deposits offered to come the P& L account and taxed as busess come over the years. Sce no renewals for more than two years nor any ter received, no ter was beg accounted the books and the fact was disclosed by way of notes to accounts. these circumstances tha busess has cimed bad debts to the extent of deposits which are pendg to be recovered and are overdue for repayment. Can this cim of bad debt be sustaed? ' BY: ATUL KUMAR DAVEY No answers yet View Answers | Post Answers |
