Sebi offers a way over FPI tax rule hurdle
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| Que. Id | Date | Description |
|---|---|---|
| 3547 |
Jul. 19 2006 |
Servve tax on consultance provided outside india –
(Service Tax)
One of my dian client provides the consultancy of custom work to their clients at abroad . whether such services are liable to service tax or it is exempted. ' BY: SANDEEP KAPOOR No answers yet View Answers | Post Answers |
| 3548 |
Jul. 19 2006 |
TAX AUDIT U/S 44AB –
(DIRECT TAXES)
CASE OF ASSESSEE HAVG GROSS RECEIPT FROM HIS PROPRIETORY TUTION CSS BUSESS IS RS.15,00,000,- WHETHER TAX AUDIT IS COMPULSARY U,S 44AB OF THE I T ACT,1961 BEG HE MAY BE CSSIFIED AS PROFESSIONAL ? ' BY: SUNITA SANJAY SONI No answers yet View Answers | Post Answers |
| 3549 |
Jul. 19 2006 |
FBT –
(DIRECT TAXES)
What is format for urn of FBT? ' BY: kumpawat pankaj No answers yet View Answers | Post Answers |
| 3550 |
Jul. 19 2006 |
Urgent : Indian receiving salary abroad –
(DIRECT TAXES)
Hello, One of my client has earned sary both dia And Washgton. Washgton he has filed come tax urn for the fancial year 1st january 2005 to 31st December 2005 and paid tax thereon.Certa amount is brought out dia also equivalent to Rs. 200000,- He is a regur asssesse dia and this year also he has received form no 16 with come Rs 201125,- for the period 1,4,2005 to 31st march 2006 dia also.He is employee of the same company havg busess both dia & Washgton. Whether While filg come tax urn dia,How the come is to be disclosed? whether it is taxable or exemtpt(My Client is Rent dia durg 2005-2006) ' BY: Sumit Agarwal No answers yet View Answers | Post Answers |
| 3552 |
Jul. 19 2006 |
Event Managemnt service –
(Service Tax)
What is the t notification about EMS? whether it is now exempt from Service tax ? ' BY: SUMIT AGARWAL No answers yet View Answers | Post Answers |
| 3558 |
Jul. 19 2006 |
Commission Income, whether to be treated as Professional Income –
(DIRECT TAXES)
surance Agents, Agents of Housg Corporates who are earng more than Rs. 10,00,000,- the form of commission, whether such come should be treated as professional come. whether tax audit u,s 44AB should be performed for such cases? any suggions,advises shall be appreciated this regard ' BY: Lokesh Kumar Dewangan No answers yet View Answers | Post Answers |
| 3526 |
Jul. 18 2006 |
Tax Exemption on Interest Income on NRE bank a/cs to NRIs –
(DIRECT TAXES)
Dear Sirs, Kdly advise on the contuation of come tax exemption avaible on terst earned on NRE deposits(both SB & FD) with Banks respect of an NRI who urns to dia for permanent settlement. I understand that this exemption contues for certa no. of years, kdly advise with reference to FEMA and IT ACT. ' BY: Deepak Azad No answers yet View Answers | Post Answers |
| 3528 |
Jul. 18 2006 |
is this agricultural income???? –
(DIRECT TAXES)
A client of me is sellg a rubber ate which is ten kilometers away from the town limit. Can we conr it as agricultural nd and exempt it from capital ga? i feel so after gog through rule 7A. kdly reply. ' BY: anantharaman No answers yet View Answers | Post Answers |
| 3529 |
Jul. 18 2006 |
Gift by son to mother –
(DIRECT TAXES)
Dear Members, Mr. X wants to gift shares of a private limited company worth Rs.10,00,000,- to his mother, whether this is gift exempted, what would be the position gift made cash. ' BY: Dinesh Nagori No answers yet View Answers | Post Answers |
| 3512 |
Jul. 17 2006 |
Capital Gain –
(DIRECT TAXES)
If the assessee is receivg LIC Commission of Rs. 20,00,000,-durg the Assessment year. that case whether the Tax audit u,s 44AB is applicable or not and matag of books of accounts system will be mercantile or cash please specify. As per our opion , tax audit will not be applicable and books of system will be accural basis. ' BY: R C Jain No answers yet View Answers | Post Answers |
| 3520 |
Jul. 17 2006 |
cenvat credit –
(Service Tax)
Dear Members a company has procured s for supply and design and errection of heavy maches.service portion is only 10% of the whearas the company has paid a commission of 2% for the entire .whether cenvat the entire cenvat credit can be availed of the brokeage paid. ' BY: V.Rajalakshmi No answers yet View Answers | Post Answers |
| 3521 |
Jul. 17 2006 |
cenvat credit –
(Service Tax)
Dear Members company is a consultg engeer.availed man power supply services . Out put of the consultg engeer will be design , supply and errection ofheavy mache . whether cenvat credit on manpower supply can be availed by the consultg engeer. if so can cenvat of 100% be availed. ' BY: V.Rajalakshmi No answers yet View Answers | Post Answers |
| 3523 |
Jul. 17 2006 |
capital gains with regard to sale of a private limited co to another company –
(DIRECT TAXES)
a private company is sellg its entire busess as a gog concern which is the b mode of transfer (eg sale of shares merger amalgamation etc) to avoid or mimise the capital gas ' BY: E.P.KATHIRVEL No answers yet View Answers | Post Answers |
| 3504 |
Jul. 16 2006 |
PURCHASE OF SHARES IN INDIAN COMPANIES IN OPEN MARKET BY FOREIGN COMPANIES –
(CORPORATE & OTHER LAWS)
a)What are the regutions if foreign company wants to shares from direct stock market, rather than from promotors,company? b) What are SEBI guideles for fair valuation of shares to be issued to foreign company, as mentioned the Schedule 1 ( Paragraph 5 : Price )? the same para, another valuation by a CA is mentioned.. what are these formue ? Thanks and regards ' BY: VARADHARAJAN RANGANATHAN No answers yet View Answers | Post Answers |
| 3499 |
Jul. 15 2006 |
Rental/hire income on letting its premises as well as hiring the computers by a software co. –
(DIRECT TAXES)
XYZ Pvt Ltd is a software company and willg to letout its entire premises and to hire its entire computers. whether come earned out of it be treated as come from house property or come from busess or come from other sources and either case can it cim the ter on term loan availed for computers as deduction , expenditure and what is the TDS be deducted by the tenant ? ' BY: Mallikarjunaiah. B No answers yet View Answers | Post Answers |
| 3489 |
Jul. 14 2006 |
MAT –
(DIRECT TAXES)
for calcution of BOOk Profit u,s 115 JB Which Profit should be taken whether below the le or above the le? ' BY: preeti agrawal No answers yet View Answers | Post Answers |
| 3494 |
Jul. 14 2006 |
SPECIAL TAX - KARNATAKA –
(INDIRECT TAXES)
ABC Enterprises, Kar VAT dealer, engaged tradg of imported Kitchen & Allied equipments ( dustrial & Domastic ) and imported Furniture on ail basis. is such imported goods come under the perview Special Entry Tax - Karnataka ? ' BY: B. MALLIKARJUNAIAH No answers yet View Answers | Post Answers |
| 3471 |
Jul. 13 2006 |
Service Tax on Re-Imbursement of expenses billed by a Customs House Agent –
(Service Tax)
Dear Colleagues, Can the service tax be imposed on the re-imbursements billed by a customs house agent to its clients the case CHA fails to provide vouchers agast expenses curred by him for clients for which he is chargg re-imbursement. The reason for non providg of expense vouchers is that vouchers were handed over to clients for cimg re-imbursement. Earli Valuable suggions shall be highly appreciated. Thanks & Regards, Anurag l ' BY: Anurag Lal No answers yet View Answers | Post Answers |
| 3462 |
Jul. 12 2006 |
Incorporation of Company - NRI –
(CORPORATE & OTHER LAWS)
Could someone advice on the followg If an NRI wishes to corporate a company dia - how does he go about the new system troduced - MCA21 ? If he does not have a local address dia - can he file Form 1A and apply for D ? What proof can he submit as required by Form 1A ? Any other issues you feel may arise ? ' BY: Bhandari No answers yet View Answers | Post Answers |
| 3441 |
Jul. 11 2006 |
Accounting Head For works done on Rented Building? –
(DIRECT TAXES)
What will be the treatment of Brick Wall, Tiles, Wash bas, Pantry ptform ,WC done on Rented Buldg? And under which head these expenses will be booked? ' BY: GURPREET KAUR No answers yet View Answers | Post Answers |
