Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 4941–4960
| Que. Id | Date | Description |
|---|---|---|
| 3611 |
Jul. 22 2006 |
TAXATION OF PROFESSIONAL ARCHITECTS –
(DIRECT TAXES)
SIR, IS THERE ANY PROVISION UNDER WHICH ARCHITECTS CAN DEDUCT A LUMPSUM AMOUNT FROM THEIR GROSS RECEIPTS TOWORDS EXPENSES AND TREAT THE BANCE AMOUNT AS COME FOR COME TAX PURPOSES. THANKS N REGARDS ' BY: navin chander goel No answers yet View Answers | Post Answers |
| 3612 |
Jul. 22 2006 |
Service Tax Credit –
(Service Tax)
A pvt. ltd. co., runng an SSI Unit, is exempt from payment of excise duty up to 30.06.06. It has paid service tax from 01.04.06 to 30.06.06. Is the co. entitled to avail credit of such service tax agast the excise duty liability effective from 01.07.06 ? ' BY: CA. B L Bhojwani No answers yet View Answers | Post Answers |
| 3585 |
Jul. 21 2006 |
GAIN FROM DERIVATIVE TRANSACTIONS - WHETHER IT IS A CAPITAL GAIN –
(DIRECT TAXES)
The Assessee by makg a deposit with a stock brokg firm, earned a sum of Rs.400000,- as ga from derivative transactions durg the year. What is the nature of come ? Whether it is come from Busess,Profession or come from Capital Gas, which is tax at 10% case of short term capital gas. Pse exp. Thankg you. ' BY: RAMU S M No answers yet View Answers | Post Answers |
| 3586 |
Jul. 21 2006 |
If gift by members of HUF –
(DIRECT TAXES)
A member of a HUf wants to gift to his HUF whether it will exempt from tax ? ' BY: PARASURAM KUMAR No answers yet View Answers | Post Answers |
| 3587 |
Jul. 21 2006 |
Change of Name- Disclosure of erstwhile name in the financial statements –
(CORPORATE & OTHER LAWS)
A Company has changed its name and the necessary legal formalities have been completed. Needed to know for how many years the erstwhile name of the company has to be disclosed along with the new name and the relevant provision the Companies Act 1956. eg. Nigel Breweries Limited( Formerly known as Nevillee Breweries Limited) ' BY: Nigel DSouza No answers yet View Answers | Post Answers |
| 3592 |
Jul. 21 2006 |
Revenue stamp –
(AUDIT)
What is the current basic amount above which one needs to affix revenue stamps the payment vouchers? ' BY: V.S.Mahalakshmi No answers yet View Answers | Post Answers |
| 3595 |
Jul. 21 2006 |
Assessment of Charitable Trusts Under Income Tax Act –
(DIRECT TAXES)
A Charitable Trust eligible for Exemption under U,s 11 of the come Tax Act, 1961, is registered under the Cooperative Societies Act. Will it be assessed as Aritifical Jurdical Person Or as Cooperative Society? ' BY: SENTHIL KUMAR S No answers yet View Answers | Post Answers |
| 3577 |
Jul. 21 2006 |
Comission recd by the development officers of LIC –
(DIRECT TAXES)
A LIC Development officer is receivg comission apart from his fixed regur sary. Can the comission come be treatred at Busess come and deductions applicable under the busess head can be cimed ? ' BY: C S Aithal No answers yet View Answers | Post Answers |
| 3581 |
Jul. 21 2006 |
interest paid on mortgage loan amount for purchasing house –
(DIRECT TAXES)
whether ter paid on mortgage loan amount for purchasg house can be cimed as from come from house property upto maximum limit of 100,- ' BY: kedarisetty guptajee No answers yet View Answers | Post Answers |
| 3583 |
Jul. 21 2006 |
TRUST –
(OTHER BODIES)
I want to create a charitable trust please tell me where I have to register it . how many member required . on what value of Stamp Paper Trust deed to be made . Time limit for registration . for come tax exemtion where to apply and time limit . NIT ' BY: NITIN JAIN No answers yet View Answers | Post Answers |
| 3563 |
Jul. 20 2006 |
AMALGAMATION –
(MISC.)
ABC company has applied for amagamation with XYZ. Company has received sanction from bombay high court. Appoted Date Beg 1.4.2005.. Bur scheme will be effective from date when certified copy is filed with ROC which has not yet been filed. Whether AS 14 will be applicable for fancial statements for year ended 31.3.2005 or 31.3.06 or only disclosure would be requried ? What is signifacance of effective date ? ' BY: Santosh Mallikarjun Gogave No answers yet View Answers | Post Answers |
| 3565 |
Jul. 20 2006 |
capital gain on agriculture land –
(DIRECT TAXES)
Dear Girdhar Sir Thanks for your answer . Actually as an ancral property an Agricultural nd situated urban area is the name of my father and his brother. which they possess their name after the death of grand father 1986. Now they want to sell the same .I want to know that u,s 54B exemption is avaible to only dividual . So if the capacity of HUF they sell the nd then how can they save Capital ga Tax . Please guide me detail. Yours truly, Nit Ja CA ' BY: nitin jain No answers yet View Answers | Post Answers |
| 3569 |
Jul. 20 2006 |
TAX AUDIT U/S 44AB –
(DIRECT TAXES)
Whether a copy writer providg professional services to advertisg agency which helps to prepare advertisements for the clients of the agency is liable to get his accounts audited us 44 AB if his gross receipts exceed Rs. 10 cs a year. ' BY: MAN MOHAN SACHDEVA No answers yet View Answers | Post Answers |
| 3570 |
Jul. 20 2006 |
related party disclosure-whether HUF fall within the definition ? –
(AUDIT)
my query is about the ed party disclosure. whether transactions with HUF of key managerail personnel should be disclosed ed party disclosure? ' BY: kaushlendra kumar No answers yet View Answers | Post Answers |
| 3573 |
Jul. 20 2006 |
TDS –
(DIRECT TAXES)
A person is appoted a company under contract for service ( not as an employee on rolls)to operate an advanced xerox mache a company and to give xerox copies to the employees. Under which Section TDS to be deducted from his monthly pay? ie whether under Sec 194C or under Sec 195J? Please Crify. ' BY: S. Satyanarayana No answers yet View Answers | Post Answers |
| 3540 |
Jul. 19 2006 |
GIFT Received by Individual –
(DIRECT TAXES)
A dividual received gift from his mother Rs.- 100000,- and same Assesment year he received a another girt from other person rs.80000,- . Please give taxability of dividual. Descdibe the Gift Provosion of dividual. ' BY: SACHIN GOYAL No answers yet View Answers | Post Answers |
| 3541 |
Jul. 19 2006 |
Whether Outsourcing manufacturing could fall in the TDS net. –
(TDS/TCS)
The Govt Official said that if a manufacturer outsourced a part of his value addition, the payment made by him would attract TDS. However manufacturers who outsource a complete products & put their brand name on it may be kept out of this. This issue was brought to light the st weeks chief commissioners & Director general of come tax conference. Please give your comments on the issue asap. ' BY: Mukesh Agarwal No answers yet View Answers | Post Answers |
| 3543 |
Jul. 19 2006 |
Whether amount of service tax should be included while deducting TDS? –
(TDS/TCS)
Whether amount of service tax should be cluded while deductg TDS? ' BY: Vinod Kumar Sand No answers yet View Answers | Post Answers |
| 3544 |
Jul. 19 2006 |
Tax Audit u/s 44AB of an LIC agent –
(DIRECT TAXES)
A person is an agent of LIC, havg total receipts a P,Y of More than Rs. 10 cs. Now whether he is liable for tax audit under the IT Act or not? other words, Can he be said to carryg on a PROFESSION..or he is simply engaged Busess?? The agent is contendg that he is carryg on an profession as governed by IRDA, gog through exams etc. ' BY: Ravi No answers yet View Answers | Post Answers |
| 3546 |
Jul. 19 2006 |
TDS on Credit card commission –
(DIRECT TAXES)
Dear Friends, Please give your professional veiw on TDS on Commission paid to (aed by) credit card agencies. We are ail shop owners(Company) havg shops more than 100. We are usg HDFC, ICICI swappg Maches. The credit card agencies remittg the sale proceeds by ag their commission(e.g.2%). Whether the commission aed by such agencies subject TDS. If Yes at what pot and what is the practical procedure. ' BY: Y.KONDAL REDDY No answers yet View Answers | Post Answers |
