Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 5021–5040
| Que. Id | Date | Description |
|---|---|---|
| 3291 |
Jul. 01 2006 |
FREEDOM FIGHTER PENSION –
(DIRECT TAXES)
WHETHER PENSION RECEIVED BY FREEDOM FIGHTER HIS OWN HANDS ARE TAX FREE. IF YES, PLEASE GIVE RELEVANT SECTION, RULE, COURT CASES. ' BY: P H GATTANI No answers yet View Answers | Post Answers |
| 3295 |
Jul. 01 2006 |
income of educational institution –
(DIRECT TAXES)
sir, is it necessary to file come tax urn if the gross total receipts doesnot exceed 1 cr, though the net come exceeds 100000. please crify as most of the educational stitutions are under the impression that they are not covered. thank you ' BY: VEERENDRA.MURASHILLIN No answers yet View Answers | Post Answers |
| 3299 |
Jul. 01 2006 |
TDS on commission paid @ 5.25% –
(TDS/TCS)
My client has deducted tds @ 5.25% stead of Tax @ 5% + 10 % Sucharge then 2% Edu. Cess) how to treat for tax audit report and shall we disallow the expenses on not deductg surcharges ' BY: AJAY No answers yet View Answers | Post Answers |
| 3300 |
Jul. 01 2006 |
INTRADAY TRADING IN SHARES –
(AUDIT)
MY CLT IS A SARIED PERSON BE THIS HE IS DOG TRADG ACTIVITIES SHARE MARKET. WHAT WILL BE THE POSITION OF TAX AUDIT ON THE TRADAY TRANSACTION MADE DURG THE DAY.WHAT WILL BE THE AMOUNT OF TAKG CONRATION FOR TAX AUDIT WHETHER IT IS GROSS AMOUNT OF SALE OF SECURITIES OR NET VALUE OF SECURITIES SALE DURG THE DAY. ' BY: SURESH NANDWANI No answers yet View Answers | Post Answers |
| 3304 |
Jul. 01 2006 |
TDS ON TRANSPORT PAYMENTS –
(Profits & Gains of Business & Profession)
WHETHER AN DIVIDUAL OR HUF HAVG A TURNOVER EXCEEDG RS.40 CS IS REQUIRED TO DEDUCT TDS ON TRANSPORTATION CHARGES KEEPG MD THAT THE PROVISO REQUIRG DIVIDUALS,HUFS TO DEDUCT TDS APPLIES ONLY TO SECTION 194C(2) AND NOT TO SECTION 194C(1) ' BY: Umesh Mehta No answers yet View Answers | Post Answers |
| 3267 |
Jun. 30 2006 |
Fringe Benefit Tax –
(DIRECT TAXES)
Whether the urn form for filg of frge benefit tax has been notified? If yes the details ' BY: Rekha Joshi No answers yet View Answers | Post Answers |
| 3270 |
Jun. 30 2006 |
Refund –
(DIRECT TAXES)
st year refund not yet released by IT Dept. what can I do about it? ' BY: Ekata No answers yet View Answers | Post Answers |
| 3271 |
Jun. 30 2006 |
80L –
(DIRECT TAXES)
Sce 80L deducn is not avaible now, does that mean that all the bank ters are taxable irrespective of the amount? ' BY: V.Padmapriya No answers yet View Answers | Post Answers |
| 3273 |
Jun. 30 2006 |
CONSOLIDATION UNDER AS 21, 23 & 27 –
(AUDIT)
Query & Answer mentioned below - Please state whether the answer is correct. Query 1: The parent companys holdg can reduce subsidiary due to any of followg reasons :- a.Conversion of potential equity shares & so our holdg gets diluted – Answer:No Change Goodwill, Capital reserve. b.Sold part of the vment the market: Answer: Goodwill, Capital reserve would be required to be reduced proportionately. c.Right issue and holdg company renounced its right or subscribed to less no. of shares then was entitled to: Answer:No Change Goodwill, Capital reserve. ' BY: BHUPENDRA AGARWAL No answers yet View Answers | Post Answers |
| 3274 |
Jun. 30 2006 |
Re: Wealth Tax –
(DIRECT TAXES)
An assessee has Leased out her Fts to a Nationalised Bank to carry on Bankg Busess. The Buildg is purely for Commercial purpose. this regard please crify whether the property can be cimed exempt under commercial ablishment? ' BY: RAMAN No answers yet View Answers | Post Answers |
| 3276 |
Jun. 30 2006 |
In case of salaried employees who are transferable throughout India and who declares rental income from housing property, can the IT returns be filed every year in a fixed location (say the place where property is situated) ? –
(DIRECT TAXES)
case of saried employees who are transferable throughout dia and who decres rental come from housg property, can the IT urns be filed every year a fixed location (say the pce where property is situated say Chennai) although he may be currently workg a pce other than Chennai? ' BY: K V MURALI No answers yet View Answers | Post Answers |
| 3278 |
Jun. 30 2006 |
DEDUCTION U/S 80HHC –
(DIRECT TAXES)
A EXPORT UNIT CIMED 80HHC ON PROFIT WHICH CLUDES DEPB BUT NOW I.TAX DEPPT. ISSUE NOTICE U,S 142(1) REGARDG ASSESSMENT YEAR 1999-2000.DEPTT ISSUE NOYICE ON THE BASIS OF AMENDMENT ACT 2005. TELL ME THIS AMENDMENT. ' BY: KRISHAN KUMAR SETHI No answers yet View Answers | Post Answers |
| 3282 |
Jun. 30 2006 |
Construction of Residential complex –
(Service Tax)
One rential complex of 18 fts is gog to be constructed. Two builders take the work dependently for 9 fts each. That is 1st 9 ft owners are gog to sign construction agree. with Builder A and then 2nd 9 ft owners are gog to sign construction agree. with Builder B. Whether Service tax would be attracted? It may be noted that the nd was sold by a sgle vendor to all the prospective ft owners. And one pn was sanctioned by the Pn approvg autority for all 18 fts. Pls crify. ' BY: omprakash jain No answers yet View Answers | Post Answers |
| 3286 |
Jun. 30 2006 |
Reg. allowability of interest on housing loan to both the spouses where one spouse owns the plot –
(Income From House-Property)
Please enlighten whether the ter on housg loan,taken by one spouse (who owns the plot) but where repayment is made by both the spouses is allowable as deduction each spouses case. ' BY: atul varaiya No answers yet View Answers | Post Answers |
| 3288 |
Jun. 30 2006 |
Sec.115JB Grameena Bank –
(DIRECT TAXES)
I filed urn of come a Grameena Bank, floated under Regional Rural Banks Act, 1976, decrg the come as NIL after settg off the carry forward es. Whereas the assessg officer treated the Grammena Bank as a Company for purposes of computation of book profits and applied the provisions of Sec. 115JB. Section 22 of the Regional Rural Banks Act, 1976 which reads that for purposes of come Tax Act, 1961 or any other enactment for the time beg force g to any tax or come or profit of the Regional Rural Bank shall deemed to be a Co-operative Society. ( my opion when the assesse is a co-operative society, the provisions of Sec. 115JB are not applicable.) But the opion of the assessg officer is that “Co-operative society” is not a recognized “person” for the purpose of IT Act under Sec. 2(31) and completed the assessment applyg provisions of Sec. 115JB. I requ the eemed members may crify whether the AO is correct, if not can you guide me with any case on this subject. ' BY: Vadali Suyra Prakasa Rao No answers yet View Answers | Post Answers |
| 3254 |
Jun. 29 2006 |
Allocation of expenses incurred for whole group. –
(AUDIT)
Advertisement expenses curred for the group as a whole. How they should be allocated among various group companies? ' BY: Anurag No answers yet View Answers | Post Answers |
| 3255 |
Jun. 29 2006 |
Input credit on production of Tax free goods –
(DIRECT TAXES)
If an asessee is purchasg taxable items and convertg this to Tax free goods under VAT,How that amount of put credit should be shown Vat urns. ' BY: mahesh aneja No answers yet View Answers | Post Answers |
| 3257 |
Jun. 29 2006 |
NRI and PAN –
(DIRECT TAXES)
A citizen of ida res USA for several years he owns some property dia and gets rental come. For filg his I T urns, how to get PAN and which rential address proof to be given? If a representative has to file on his behalf what is the procedure ? ' BY: Mohamed Shafi No answers yet View Answers | Post Answers |
| 3258 |
Jun. 29 2006 |
Share Application Money –
(CORPORATE & OTHER LAWS)
Can we keep Share Application Money received under Foreign Direct vment (FDI) Regution, Exchange Earners Foreign Currency (EEFC) A,C. ' BY: Ankush Jain No answers yet View Answers | Post Answers |
| 3263 |
Jun. 29 2006 |
exemption u/s 10(23C)(vi) –
(DIRECT TAXES)
AN EDUCATIONAL STITUTION HAVG GROSS RECEIPTS ABOVE Rs.100 CS CAN CIM DEDUCTION U,S 11 IF THE STITUTION IS NOT APPROVED BY CCIT U,S 10(23C)(VI). THE STITUTION IS REGISTERED U,S 12A & 80G. WHETHER THE SITUTION RUN BY SOCIETY CAN BE TERMED AS PROPERTY HELD UNDER TRUST FOR THE PURPOSE OF CIMG EXEMPTION U,S 11. WHETHER HOSTEL ACTIVITY WILL BE TREATED AS BUSESS ACTIVITY AND WOULD BE LIABLE TO TAX? ' BY: RAVINDRA SHAH No answers yet View Answers | Post Answers |
