Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 4801–4820
| Que. Id | Date | Description |
|---|---|---|
| 4054 |
Aug. 25 2006 |
CENVAT CREDIT –
(Income From House-Property)
Whether Service Tax on Bank Charges,Commission and nd Hauge Charges are eligible for Cenvat Credit Kdly give Circur,citation? ' BY: Pardeep Kumar Singla No answers yet View Answers | Post Answers |
| 4055 |
Aug. 25 2006 |
RENEWAL OF REGISTRATION U/S 80G OF I T ACT –
(DIRECT TAXES)
What is the procedure to get the renewal of 80G registraion from the CIT? It may be noted that the impugned society was registered upto 31.3.2006. Whether the renewal shall be granted with rospective effect or with the current date? Desh ' BY: Dinesh Vijay No answers yet View Answers | Post Answers |
| 4057 |
Aug. 25 2006 |
Applicability of MAOCARO 1988 –
(AUDIT)
For certa companies, CARO 2003 is not applicable based on their turnover, share capital etc.,. For those companies for which CARO is not applicable, should we give the pots discussed under the MAOCARO 1988 as annexure to our ma audit report OR mere audit report contag pots discussed under Sec 227. please crify me. regards n.s.sivakumar ' BY: N.S.Sivakumar No answers yet View Answers | Post Answers |
| 4060 |
Aug. 25 2006 |
Valuation of stock in terms of section 145A –
(Profits & Gains of Business & Profession)
As per provisions of section 145A of the come Tax Act, 1961 closg stock is to be valued after cludg any tax, duty,cess,or fee actually paid or curred by the assessee to brg the goods to its pce of location. My querry is the post VAT era how the closg stock is to be valued i.e. culsive of VAT or not. If it to be valued clusive of VAT, how its effect will be adjusted books of account. Whether we have to make this closg entry VAT on closg stock -Dr and VAT payable - Cr. Whereas actually there is no VAT Payable and no proof of payment can be attached with urn of come as required by section 43B ' BY: RAJ KUMAR No answers yet View Answers | Post Answers |
| 4061 |
Aug. 25 2006 |
Residential house construction –
(INDIRECT TAXES)
Dear Members.. there is a rential complex( i.e say there are 15 apartments).this is 10 years old. Now a person gets a to put tiles or say some repair or fishg work only one apartment. does the person need to pay service tax. ' BY: raghu No answers yet View Answers | Post Answers |
| 4043 |
Aug. 24 2006 |
Applicability of Mandatory Accounting Standards to Non Corporate entities –
(AUDIT)
What is the duty of a Auditor of a non corporate entity reportg u,s 44AB of come Tax Act, if the entity does not follow the Mandatory Accountg Standards(other than CBDT Notified, eg. AS 7, AS 22 etc. Does he have to report this Form 3CB?. Opion of learned members is requed. ' BY: Murali Mohan No answers yet View Answers | Post Answers |
| 4048 |
Aug. 24 2006 |
Relating to discolsure requirment of Schedule IV of companies Act –
(CORPORATE & OTHER LAWS)
Dear mambers, if company makes provison for bad and doubtful debt, whether it will appear under reserves and surplus or it will be deducted from debtors and net debtors will shown bance sheet. kdly reply to me ' BY: Rameshkumar R. Kesrani No answers yet View Answers | Post Answers |
| 4020 |
Aug. 23 2006 |
Trust shifting to Depreciation based on ICAI guidelines on schools –
(AUDIT)
Dear Colleagues,Once I had put an query which I repeat aga: The trust this year changed depreciation calcution method adoptg as per ICAI Guideles on school.Earlier IT rates were taken depreciation. How should we report Auditors report and Notes On Accounts.Should we give the entire effect on come and Expenditure a,c and notes on Accounts and AuditorsReport. CA.U.K.Sha ' BY: umesh Kumar Sinha No answers yet View Answers | Post Answers |
| 4006 |
Aug. 22 2006 |
Goods Transport operator –
(INDIRECT TAXES)
Dear Members, If i hire a lorry to a company on rent per month or day, does it attract service tax? I am not transportig any goods. Is it liable under any head. Raghu ' BY: Raghu No answers yet View Answers | Post Answers |
| 4007 |
Aug. 22 2006 |
Deferred Tax –
(AUDIT)
Deferred Tax Asset,Liabilities resultg from timg difference between book profit and taxable profit is accounted for usg the tax rates and ws that have been enacted or substantively enacted as on the bance sheet date. light of the above, may I requ to tell me, if rate of come tax modified on the budget day i.e 28th Feb,2007, what rate we should conr to determe deferred tax as at 31st Match, 2007. To substantiate your views, please quote the reference rial etc. Thanks and regards ' BY: Rajesh Kumar No answers yet View Answers | Post Answers |
| 4015 |
Aug. 22 2006 |
problem regarding perquisite and deduction U/S 80C –
(DIRECT TAXES)
dear all, my query is ed with sary come. my quion is that under section 17(2)v it is written that any sum payable by the employer whether directly or through fund , other than RPF or an approved SAF or deosit lk surance fund , to effect an assurance on the life of the assessee or to effect a contract for an annuity is perquisite and addedd the sary come of employee. now please refer the ready reckoner of bharat written by ahuja gupta pot 4.21 where it is written that the amount becomes taxable as soon as it becomes due for payment.even if payment is made april next year. moreever this case sce the premium is paid on life of employee hence the employee is entitled to cim deduction under section 80C as also written the same book. now my quion is if payment is made next year than accordg to section 80C the deduction will be allowed next year sce it is on payment basis only. is there is not a contradiction? please clear it regards ' BY: vishnu dutt sahrma No answers yet View Answers | Post Answers |
| 4017 |
Aug. 22 2006 |
Adjustment u/s 145A –
(DIRECT TAXES)
How the adjustment profit as per section 145A of come Tax computation of total come ? if i do not have closg stock of fished goods even though i have to make adjustment ' BY: santosh b. garud No answers yet View Answers | Post Answers |
| 3989 |
Aug. 21 2006 |
time limit 153 B –
(DIRECT TAXES)
Date of st panchanama 20 april 2005 Date of authorisation 15 march 2005 relevant assessment years covered by 153 A??? whether 1998-99 will be covered? ' BY: SREEJITH. T No answers yet View Answers | Post Answers |
| 3990 |
Aug. 21 2006 |
Can the excess paid pre-paid taxes can be adjusted towards payment of FBT –
(DIRECT TAXES)
An assessee has prepaid taxes excess of the tax liability for the assessment year 2006-07 and the net result will be a huge refund. He has not deposited any FBT for the year. Can he set off the refundable pre-paid taxes towards payment of FBT as both are direct taxes and only sgle urn is prescribed ? ' BY: Somanchi K. S. No answers yet View Answers | Post Answers |
| 3995 |
Aug. 21 2006 |
Depreciation –
(DIRECT TAXES)
If the openg WDV of a block of asset as on 1.04.2005 is RS.5,00,000 and on 30.11.05 an addition is made to it for Rs.90000 and on 01.01.2006 the same addition is sold for Rs. 00. How much depreciation will be allowed on the block of the asset if the rate applicable is 10%. Will there be any change the depreciation allowed if the the addition would have been made on 01.05.2005. ' BY: Deepak Agarwal No answers yet View Answers | Post Answers |
| 3997 |
Aug. 21 2006 |
Construction/ Change in the structure of Rented Building –
(CORPORATE & OTHER LAWS)
I would like to know that whether a Company can capitalise the expenditure curred to construct, change the structure of rented buildg used for office,b purpose. What would be treatment accounts. ' BY: Sunil Modi No answers yet View Answers | Post Answers |
| 3999 |
Aug. 21 2006 |
Revised 3CD report- Certificates from Company –
(DIRECT TAXES)
Is there any Specific Format of certificate asked from management required revised 3 CD report pot No. 17(h)(A) and 24(c). Thanks and Regards, Nishit Shah 098907-13310. ' BY: Nishit Bharatbhai Shah No answers yet View Answers | Post Answers |
| 4001 |
Aug. 21 2006 |
how to get article registration form? –
(Capital Gains)
how to get article registration form, if it is not avaliable icai stitue at red hills(hyderabad).I joed for articles chartered accountant firm on 7.08.2006 but till now i didnt get article registration form because of non avalibility of forms. this circumstance also i have to pay penality of Rs.300 of not gettg registered with a month of after joed articles.please let me know about this as soon as possible. ' BY: srilaxmi No answers yet View Answers | Post Answers |
| 3984 |
Aug. 20 2006 |
Service Tax –
(DIRECT TAXES)
Whether Service tax is applicable on conductg agreement or not. ' BY: R.C.Jain No answers yet View Answers | Post Answers |
| 3969 |
Aug. 19 2006 |
FORM 3CD CLAUSE 17 (h) –
(DIRECT TAXES)
a) whether a certificate has been obtaed from the assessee regardg payments g to any expenditure covered under section 40A(3) that the payments were made by account payee cheques drawn on a bank or account payee bank draft, as the case may be, (yes,no) However account payyee concept came July-06 by notification. What about audit up to 31.03.06, Neither we can take certificate nor we can write NO. Pl give your views. ' BY: PRAKASH GATTANI No answers yet View Answers | Post Answers |
