Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 4861–4880
| Que. Id | Date | Description |
|---|---|---|
| 3860 |
Aug. 09 2006 |
Taxation of agriculture income –
(DIRECT TAXES)
An dividual is havg his own agriculture nd from which he is gettg agriculture produce of say Rs.1000000,-. His net come from such activities is say Rs. 000( after deductg the cost of seeds, fertilisers etc.). Whether any tax is payable by him? Further, is there any obligation casts uopn him under the come Tax Act spite of the tax liability as asked above? ' BY: JITENDRA A.DHAMECHA No answers yet View Answers | Post Answers |
| 3861 |
Aug. 09 2006 |
Tax liability and other obligations –
(VAT/Sales Tax)
An dividual is havg gross sale proceeds of Rs.1000000,-(i.e. agriculture cone, say sale of cereals of Rs.400000,-, sale of soyab of Rs. 100000,- and bance of cotton of Rs.000,-) and his net ga becomes Rs. 000,- total. What will be his tax liability and other obligations under the MVAT Act,2002. ' BY: JITENDRA A.DHAMECHA No answers yet View Answers | Post Answers |
| 3862 |
Aug. 09 2006 |
Service tax –
(INDIRECT TAXES)
If the option of abatement is provided for aservice, should the assessee charge only the net amount of service tax (with abatement) or the entire amount from the service receivers ' BY: Radhakrishna Tantry No answers yet View Answers | Post Answers |
| 3863 |
Aug. 09 2006 |
TDS FROM SITTING FEES OF NON FUNCTIONAL DIRECTOR –
(TDS/TCS)
WHETHER SITTG FEES PAID TO NON FUNCTIONAL DIRECTOR ATTARCT TDS PROVISIONS. IF SO UNDER WHICH SECTION OF COME TAX TDS IS TO BE DEDUCTED. ' BY: CHANDRA PRAKASH BAHRI No answers yet View Answers | Post Answers |
| 3843 |
Aug. 08 2006 |
Applicability of Section 194I to vehicle hire charges –
(DIRECT TAXES)
Section 194I has been amended by Taxation ws (Amendment) Act,2006 to clude rentals for Furniture and fittgs, pnt machery or any other thg. Would this also cover payments by a company for vehicle hire charges? (Contract may be there for eg., this much rupees per K.M. with a mimum monthly amount etc.) ' BY: Anand.A.R. No answers yet View Answers | Post Answers |
| 3848 |
Aug. 08 2006 |
vat-introduction, rates, accounting,registration –
(VAT/Sales Tax)
vat-troduction, rates, accountg,registration,procedure, w ' BY: Hitesh Khodiyar No answers yet View Answers | Post Answers |
| 3838 |
Aug. 08 2006 |
Applicability of mortgage of property in favour of president of india to get the vat registration –
(VAT/Sales Tax)
As per DVAT rules 2005, rule no. 23, one can give the suy the form of mortgage bond the favour of prent of dia to get the vat registration. I would like to know how practical this aspect is? If it is possible then what manner we can execute that? ' BY: Neeraj No answers yet View Answers | Post Answers |
| 3826 |
Aug. 07 2006 |
CFC –
(MISC.)
Would you please exp the scheme of CERTIFIED FILLG CENTRES. ' BY: Arun Kumar Agarwal No answers yet View Answers | Post Answers |
| 3833 |
Aug. 07 2006 |
FBT PROVISIONS –
(FBT)
WHETHER FBT PROVISIONS WILL BE APPLICABLE TO A COMPANY HAVG NO EMPLOYEE. ' BY: rakesh gupta No answers yet View Answers | Post Answers |
| 3820 |
Aug. 06 2006 |
effect of VAT Accounting on Income Tax –
(DIRECT TAXES)
While accountg for VAT goods, the purchase and sales of goods are taken exclusive of put and output taxes resp.ie, put duty paid on purchases are debited to separate a,c. and output duty on sales are credited to seperate a,c. case the put credit is excess of output credti the same is reflected bance sheet as current asset item. my quion is whether for come tax purpose we have to adjust the profit and account so as to show purchases clusive of put duty and sales clusive of output duty ?( just as the case cenvat duty?) plz elucidate as to whether we have to adjust the p & l for come tax purpose or not? ' BY: No answers yet View Answers | Post Answers |
| 3812 |
Aug. 05 2006 |
Sales Tax on sale of Business –
(INDIRECT TAXES)
An automobile manufacturg company has many division. The company is pnng to sale one of its division on slump basis to another company i.e. sale of complete busess set up of that division at a sgle conration. Please advise – 1) Whether it attracts any sales tax? 2) Please also provide some citation of High Court or Supreme Court favour of your reply. Regards, CA Alok Mathur ' BY: No answers yet View Answers | Post Answers |
| 3813 |
Aug. 05 2006 |
RETENTION MONEY IN CONSTRUCTION COMPANY –
(Profits & Gains of Business & Profession)
Is there any decision that ention money need not be taken as Contract Receipts an Constrction company that is the same taxable only on receipt not on due basis? Please let me know the relevant case w ' BY: No answers yet View Answers | Post Answers |
| 3789 |
Aug. 04 2006 |
Service Tax –
(INDIRECT TAXES)
A Club Bangalore registered under the Society registration Act has collected a fixed sum of rupees from its new members towards Donation, Voluntary Contribution, Buildg Fund, Entrance Fees etc., My quion is whether these amounts attract the provisions of service tax? other words whether the said club should collect an additional sum of 12.24% for the service tax? The club is already collectg service tax for the membership subscription. With regards from ashok ' BY: No answers yet View Answers | Post Answers |
| 3793 |
Aug. 04 2006 |
EXPLANATION OF RELATIVE U/S56(2)((v) –
(Income from Other Sources)
LEAL ASCENDANT()OF AN DIVIDUAL MEANS WHAT? IF X IS A MALE DIVIDUAL HIS MEANS HIS FATHER ,GRAND FATHER, GREAT GRAND FATHER ONLY? OR IT ALSO CUDES UNCLE,GRAND UNCLE, GREAT GRAND UNCLE?OR IT CLUDES MOTHER,GRAND MOTHER, GREAT GRAND MOTHER ALSO? PL.CRIFY THE TERM . ' BY: No answers yet View Answers | Post Answers |
| 3799 |
Aug. 04 2006 |
section 44AB tax audit of professionals –
(DIRECT TAXES)
A LIC Agent received gross commission of Rs 11 cs whether he is liable to tax audit u,s 44 AB of the ICOME TAX ACT (whether he is a professional or a busessman) ' BY: No answers yet View Answers | Post Answers |
| 3801 |
Aug. 04 2006 |
Is long term Capital gain Tax is persit?? –
(Capital Gains)
the case of immovable property sell out on or before 36 months, is there any capital ga tax attract to the person. ~que from non member. ' BY: No answers yet View Answers | Post Answers |
| 3804 |
Aug. 04 2006 |
TDS ON PAYMENT MADE FOR ACCOUNTS MAINTAINCE CHARGES –
(TDS/TCS)
OUR CLIENT MADE PAYMENT TO AN ACCOUNTANT FOR MATAG ACCOUNTS BOOKS AND EXCISE RECORDS. WHEATHER WE LIABLE TO DEDUCT TDS ON PAYMENT MADE TO ACCOUNTANT. THE ACCOUTANT IS SIMPLY AN B.COM,M.COM PERSON. IF WE LIABLE THEN UNDER WHICH SECTION WE ARE LIABLE TO DEDUCT TDS, WHEATHER UNDER PROFESSION PAYMENT OR UNDER ANY OTHER HEAD. AS PER SECTION 194J PROFESSIONAL CULDES PROFESSION OF ACCOUNTANCY, WHEATHER AN ACCOUNTANT WOULD BE TREATED AS PROFESSIONAL OR NOT. ' BY: No answers yet View Answers | Post Answers |
| 3775 |
Aug. 03 2006 |
Director Identification Number –
(MISC.)
how do we get Director Identification Number from ROC delhi. what is the procedure for this. ' BY: No answers yet View Answers | Post Answers |
| 3780 |
Aug. 03 2006 |
SERVICE TAX REFUND –
(DIRECT TAXES)
PLEASE ADVICE ON PROCEDURE FOR CIMG REFUND OF SERVICE TAX PAID ON PUT SERVICES CASE OF CO. HAVG BENEFIT U,S 10B (I.E. NO ST ON OUTPUT)AND NO DRAWBACK ETC. ' BY: dinesh verma No answers yet View Answers | Post Answers |
| 3781 |
Aug. 03 2006 |
Goods Transport Agency –
(Service Tax)
Whether exemption notification no. 32,2004 which provides exemption of 75% of service-tax to goods transport agencies is applicable to consignor & consignee also ? ' BY: No answers yet View Answers | Post Answers |
