Sebi offers a way over FPI tax rule hurdle
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| Que. Id | Date | Description |
|---|---|---|
| 3785 |
Aug. 03 2006 |
Report for Laison office –
(CORPORATE & OTHER LAWS)
Whether CARO is applicable for ison office ablished dia sce all the funds are provided by the parent company and only expense is done by ison office. ' BY: No answers yet View Answers | Post Answers |
| 3761 |
Aug. 02 2006 |
Date of application of amendment to Sec.194I by Taxation Laws(Amendment) Act, 2006 –
(DIRECT TAXES)
Please advice whether amendment to Sec.194I by Taxation ws(Amendment) Act, 2006 is applicable from 1st April,2006 or from 14 July,2006. ' BY: Anand. A. R. No answers yet View Answers | Post Answers |
| 3763 |
Aug. 02 2006 |
Freing benefit tax on car hire charges & Hotal booking by travelling company –
(DIRECT TAXES)
Dear Sir,Madam My client is operatg travellg agency which he is hire the car from other agencies and charge to client with our catlog price. simirerly he is booked the hotel and charged to client.My quion is whether the fbt charged on car hire charges and hotal bookg charges or not. as per my opion this is not ed to employee and this exp. is our ma busses exp. therefore company is not liable to pay FBT on it. Thanks CA Shiv Kumar ' BY: No answers yet View Answers | Post Answers |
| 3768 |
Aug. 02 2006 |
Income incidental to Business whether treated as businees income??/ –
(DIRECT TAXES)
Dear Collegues, One of my client is 100% export oriented unit and havg 10A exemption. The company is registered under STPI. The Company has shifted their office from one pce to other pce. The company has subleased their earlier office to one more company. whether the come from the sublease will be treated as busess come or come from othersources?? the rent received from the Sublease is equal to the rent paid by the Company.This arrangement has been made only for few months due to lock period as per the rent agreement with the earlier tenant. Otherwise Company has to pay Rent wihtout usg the premises. To avode the es that premises has been subleased till the lock period. Can u plz crify the treatement of this come?. Becoz for 10A Calcution if i treat this as come from other sources it will be disallowed. SO plz refer some case ws towards this if any. regards SRI ' BY: No answers yet View Answers | Post Answers |
| 3769 |
Aug. 02 2006 |
Long term Capital gain –
(DIRECT TAXES)
Total come of an assessee is Rs.197000 cludg long term capital ga of Rs.1000. He has ved Rs.100000 to cim deduction u,s 80C. What is the tax liability of the assessee. ' BY: No answers yet View Answers | Post Answers |
| 3770 |
Aug. 02 2006 |
Service Tax –
(INDIRECT TAXES)
Dear Colleagues, A Recreation Club which origuated 100 years back registered under Society Registration Act Bangalore has collected a fixed sum from new members as Donation, Voluntary Contribution, Buildg Fund, Entrance Fees, Application Fees, Processg Fees, etc. My quion is whether all these services attracts the provisions of service tax? The Club is already collectg service tax for membership and library subscription.Please crify with regards from ashok ' BY: No answers yet View Answers | Post Answers |
| 3771 |
Aug. 02 2006 |
Sale of plot of Land –
(Capital Gains)
A plot of nd was purchased Jan 2005. It was registered the name of father & son but payment made by father. Full value of nd shown the books of father on 31 Mar 2005.This plot is sold feb 2006 and 60% payment is received by father & 40% recd. by son. Both have busess come also. · Whether capital ga chargeable the name of father only or both? · If both then how bifurcation of cost will be done & how it will be shown books of son? · If sale value u,s 50 C is taken then it will be divided which ratio? ' BY: No answers yet View Answers | Post Answers |
| 3772 |
Aug. 02 2006 |
APPLICABILITY OF SEC 192 ON INDIVIDUAL / PROPRIETORSHIP –
(TDS/TCS)
A DIVIDUAL, PROPRIETORSHIP FIRM HAVG TOR BELOW 40.00 CS UNDER OUT OF PREVIEW OF SEC44AB, IS THE DIVIDUAL LIABLE TO DEDUCT TDS ON SARY PAID TO EMPLOYEES, IS THE SITUATION CHANGE IF THE SEC 44AB APPLICABLE ' BY: No answers yet View Answers | Post Answers |
| 3749 |
Aug. 01 2006 |
Taking credit of service tax paid through book adjustment. –
(Service Tax)
Sir, One compnay has provided services to our company.It has raised a bill along with Service tax. Sce that compnay has due to us , we have adjusted the amount payable with that due. Can we cim the entire service tax paid as put credit. Is there any time limit for dog so. Pls crify early. Regards, PCS ' BY: PCS No answers yet View Answers | Post Answers |
| 3751 |
Aug. 01 2006 |
FBT ON TRANSPORTATION FOR SHIFTING RESIDENCE –
(FBT)
IF THERE ARE TRANSPORATTION CHARGES FOR SHIFTG RENTIAL GOODS OF EMPLOYEES FROM ONE RENT FREE ACCOMODATION TO ANOTHER PROVIDED BY THE COMPNAY AND THE SAID CHARGES ARE PAID BY THE COMPANY, THEN SUCH CHARGES WILL ATTRACT FBT OR NOT. IF YES THEN UNDER WHAT SECTION I.E. @ 5% OR 20%. ' BY: MAULESH KANTHARIA No answers yet View Answers | Post Answers |
| 3753 |
Aug. 01 2006 |
valuation of service rules,2006 –
(Service Tax)
One of our clients X ltd is renderg staffg service to Y ltd. X ltd recruits qualified persons and pce it at the office of Y ltd. These staff come the payroll of X ltd.At the month end, if the sary of total staff comes to,Say, 1 kh,X ltd recovers 1 kh from Y ltd and pays to the staff. For this service X ltd charges handlg charges from Y ltd.This handlg charges is the come of X ltd. our example let it be 5% ,i.e Rs.0. Until st year X ltd used to charge service tax on their handlg charges alone,i.e 10.2% on Rs.0. But from April 2006,when Valuation of service Rules,2006 came to force the total position has changed. Now our client has to charge S.Tax on Rs.100(reimbursement plus handlg charges).But an exception has been given if service provider acts as a pure agent. Someone please crify me whether S.tax can be paid on Handlg charges alone or pay S Tax on total amount ' BY: No answers yet View Answers | Post Answers |
| 3755 |
Aug. 01 2006 |
TDS –
(DIRECT TAXES)
An dian company has outsourced a job to its agent abroad. Now, when the dian company remits the payment to the agent foreign, whether tds has to be deducted by the dian company ' BY: No answers yet View Answers | Post Answers |
| 3759 |
Aug. 01 2006 |
Service Tax On Builders/Developers –
(Service Tax)
May i please know the decision of the writ filed by The Maharashtra Chamber of Housg dustry Mumbai High Court agast service tax levied on Builders,Developers. If the case has not been decided as yet. Can i please get the Case No. ' BY: No answers yet View Answers | Post Answers |
| 3732 |
Jul. 31 2006 |
Service tax levy on Service provided by a Chartered accountant –
(Service Tax)
A firm of Chartered accountant engaged by another Firm of chartered account for the Professional services i.e. ternal audit, C & F audit etc. such a Case is Firm liable for Service tax for the service rendered to another firm. ' BY: S.P.Krishnamurthy No answers yet View Answers | Post Answers |
| 3735 |
Jul. 31 2006 |
Format of Form16 –
(DIRECT TAXES)
The responsibility of deductg the TDS on saries is r with the employer and if it so he has to deduct the Tax sufficiently and if it is excessively deducted it can be shown as bance refundable Form 16 But the Form 16 format it has been given as Bance payable , Refundable How a situation will come as bance payable? If is a status he has to pay penalty for not deductg the Tax Pl crify ' BY: S. MADHAVAN No answers yet View Answers | Post Answers |
| 3737 |
Jul. 31 2006 |
scrutiny norms for Asst. Year 2005-2006 –
(DIRECT TAXES)
Let me know the scruty norms for the selection of cases under the come Tax Act, 1961 for the Asst. Year 2005-2006 ' BY: JAIN DEEP KUMAR No answers yet View Answers | Post Answers |
| 3739 |
Jul. 31 2006 |
Clubbing of Wife"s inocme - my previous querry -3996 –
(DIRECT TAXES)
Dear colleagues, Thanks for the replies After clubbg the come, if wife has got Chapter VI A deductions sepatately, can this be clubbed along with Chapter VI A deductions of husband, subject to the limit of Rs. 1 khs ? Mohaed Shafi mashafica@yahoo.co. ' BY: Mohamed Shafi No answers yet View Answers | Post Answers |
| 3745 |
Jul. 31 2006 |
F & O Accounting –
(DIRECT TAXES)
plz let me know the f & O accountg? ' BY: ashok kumarr pincha No answers yet View Answers | Post Answers |
| 3746 |
Jul. 31 2006 |
whether provident fund deducted on salary arrears of salary eligible for rebate –
(DIRECT TAXES)
when arrears of sary is received and provident fund is deducted on the same, whether the additonal provident fund so deducted from arrears can be taken for computg rebate u,s. 88 while calcution relief u,s 89(1) on accrual and receipt basis of tax computation. 2. if arrears of conveyance allowance is received whether the same can be deducted to the extent utilised for official purpose. ' BY: budha No answers yet View Answers | Post Answers |
| 3725 |
Jul. 30 2006 |
Service tax paid on mobile phone bill , whther eligible for Cenvat credit –
(INDIRECT TAXES)
I want to know that whether service tax paid on the mobile telephone bills( mobile telephones are the name of the company)are eligible for Cenvat credit ? if so, any legal reference. Further if the mobiles phones are not the name of the company but are the names of the employees of the company, whether service tax credit is allowable ' BY: NIRDOSH KUMAR No answers yet View Answers | Post Answers |
