Sebi offers a way over FPI tax rule hurdle
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| Que. Id | Date | Description |
|---|---|---|
| 3129 |
Jun. 19 2006 |
Service Tax –
(INDIRECT TAXES)
One of my client is renderg services(Software) for both foreign companies and also for dian comapanies. STPI registration is made for services rendered for foreign companies. Whereas services to dian companies Service tax are collected and remitted to Govt regurly. Whether service tax paid by the company for the Fancial year 2005-06 respect of Travel,Telephone,other services received by the company for which it has paid ST can be cimed as refund from the Govt? ' BY: SUBRAMANIAM No answers yet View Answers | Post Answers |
| 3133 |
Jun. 19 2006 |
Need of NOC from resigned auditor. –
(COUNCIL DECISION)
Is there need of NOC case of Auditors of a non listed public company has resigned before completion of term. ' BY: Annonymous No answers yet View Answers | Post Answers |
| 3134 |
Jun. 19 2006 |
Income Tax –
(DIRECT TAXES)
Suppose if Mr & Mrs X, are workg a same organisation and both of them are allotted a rent free accomadation as per there letter of appotment. Now I want to know how rent free accomodation tax will be levied on Mr & Mrs X providg that Mrs X is livg with her Husband ( same accomodation ). if possible pls quote any decided case or else any practical experience. ' BY: Avinash Arun No answers yet View Answers | Post Answers |
| 3137 |
Jun. 19 2006 |
mat on gain from one time settlement with bank –
(DIRECT TAXES)
My clent has undergone for a one time settlement with bank. Total dues of 6 crore were settled on Rs. 2.25 crore. Is MAT is payable on this Ga of 3.75 crore, if yes is there any way to avoid the tax. ' BY: ANIL KUMAR ARORA No answers yet View Answers | Post Answers |
| 3127 |
Jun. 18 2006 |
manpower agencies –
(Service Tax)
A manpower agency is providg contract bour to my client... bour charges 100,000 service charges 10,000 que. is that on what amt. service tax is to be charged...? ' BY: ashish garg No answers yet View Answers | Post Answers |
| 3128 |
Jun. 18 2006 |
delhi vat –
(VAT/Sales Tax)
my client gives discount to customers and adjustg it to the sales and vat liability of subsequent period .... is it allowable as per DVAT Act..? whats the position case of bad debts or short recovery from customers...? ' BY: ashish garg No answers yet View Answers | Post Answers |
| 3114 |
Jun. 17 2006 |
Refer Query 3373 on 194 C –
(DIRECT TAXES)
Dear Mahendra Kumar, Thaks for quick reply however my Query Bill is Rs.21,000,- for Change of Parts and Service Charges are for bour etc. this situation will 194 C be applicable? ' BY: bhuvnesh No answers yet View Answers | Post Answers |
| 3116 |
Jun. 17 2006 |
LONG TERM CAPITAL LOSS ON SHARE –
(DIRECT TAXES)
QUERRY:- DURG THE ASSESSMENT YEAR 2006-07 THE ASSESEE HAS SOLD THE VMENT OF SHARES AND HAS CURRED THE LONG TERM CAPITAL . THAT CAN BE CARRIEDFORWARD THE SUBSEQUENT YEAR AND CAN BE SET OFF THE SUBSEQUENT YEAR WITH THE LONG TERM CAPITAL GA OTHER THAN THE SHARES . PLEASE ADVISE TO US . ' BY: rcjain No answers yet View Answers | Post Answers |
| 3117 |
Jun. 17 2006 |
registration under P F Act –
(MISC.)
what is the procedure for registration under PF Act and what document is required. ' BY: GOVIND NARAYAN SRIVASTAVA No answers yet View Answers | Post Answers |
| 3120 |
Jun. 17 2006 |
Private Trust –
(DIRECT TAXES)
One of My client has mor mantely ired son. Mor son has his own come from ter and he filled urn seperately as come of mantely ired chield is not cluded come of father . My client creat a trust exclusively for benefit of his mor mantely ired chield . My quion is whether come of trust taxed seperately or Trust come will merged with divisual come of mor mantely ired chield ' BY: surendra jain No answers yet View Answers | Post Answers |
| 3123 |
Jun. 17 2006 |
Penalty U/s 271 (1) C –
(DIRECT TAXES)
One of my assessee has survey A.y.97,98 which ITO has conred 15 unsecured Loan as a undisclosed come. The assessee has given the affidavite of all 15 loan holders from which some 5 loan holders were unable to come before A.O. and when they were present A.O. was busy other matters . ITAT appeal to avoid further litigation and pease of md assessee agreed to accept them but Commissioner has now levied penalty U,s 271 (1) c. assessee forgot to add the pot of ITAT that not to levy penalty after accptg such a huge unsecured loan even they are true . so is there any valid judgement for quashg the penalty and what steps should be taken for it. ' BY: utkarsh b mehta No answers yet View Answers | Post Answers |
| 3124 |
Jun. 17 2006 |
Penalty U/s 271 (1) C –
(DIRECT TAXES)
One of my assessee is wholesale kirana merchant ,has charged Depreciation on Vehicles TATA 407 at higher rate 40% assumg that he is hirg the vehicle by givg the goods delivery at home to the customers .He had not mataed the seperate receipts for that he directly adjusted the charges sales bills . ITAT has cancled the cim and levied penalty U,s 271 (1) C of concealment . I thk there is no concealment this case as assessee has disclosed the rate of Depreciation computation and urn . IS there any judgement to avoid the penalty and what steps to take for it. ' BY: utkarsh b mehta No answers yet View Answers | Post Answers |
| 3103 |
Jun. 16 2006 |
SET OFF FOREIGN SPECULATION LOSS FROM SHARES AGAINST BSE SPECULATION PROFITS –
(DIRECT TAXES)
IS IT POSSIBLE TO SET OFF FOREIGN SPECUTION AGAST DIA SPECUTION PROFIT FOR A RENT. ' BY: HEMANT THAKRAL No answers yet View Answers | Post Answers |
| 3106 |
Jun. 16 2006 |
service tax on goods transported by road –
(Service Tax)
The company is a service provider for one of its activity and registered with service tax dept for the same. For a different activity of the company the company uses goods transporters service and as per service tax act they need to pay the service tax element. Under what registration will the company pay the service tax - the one it already holds or a new one. ' BY: Jyoti K. Tejwani No answers yet View Answers | Post Answers |
| 3107 |
Jun. 16 2006 |
PAN –
(DIRECT TAXES)
case of change name of a limited company whether new PAN required or old one can be contue with change name of the company. ' BY: Sunil Mishra No answers yet View Answers | Post Answers |
| 3110 |
Jun. 16 2006 |
Fringe benefit –
(DIRECT TAXES)
Let me know the taxability of the frge benefitfallg under Section 115WB(1) and no valuation provided. Example:Academic allowances ' BY: Potnuru.Anandarao No answers yet View Answers | Post Answers |
| 3091 |
Jun. 15 2006 |
Amount Received on Cancellation of Long Term JPA Policy - Janata Personal Accident Policy –
(DIRECT TAXES)
Amount Received on Canceltion of Long Term JPA Policy (Janata Personal Accident Policy) of The Oriental surance Co. Ltd. is Taxable or not if it is taxable then under which head. Amount received on Canceltion Policy is Just Rs. 875,- ' BY: Amar Ahuja No answers yet View Answers | Post Answers |
| 3093 |
Jun. 15 2006 |
Long Term Capital gain in absence of supportings –
(DIRECT TAXES)
One has purchased shares of different dian Companies durg different years startg from 1981 till 2003.However, purchase bills,supportgs for purchase and a,cs of more than st 6 years etc.were not preserved.Shares were D-mat.Shares were sold. How to determe dexed cost of shares absence of details for shares older than six years to calcute Long Term Capital Ga ? ' BY: TRIVEDI PANKAJ JAYANTILAL No answers yet View Answers | Post Answers |
| 3096 |
Jun. 15 2006 |
EXEMPTION LIMITS FOR SERVICE TAX –
(Service Tax)
A FIRM OF CHARTERED ACCOUNTANTS IS HAVG FOUR PARTNERS AND AS PER THE NEW PROVISIONS OF SERVICE TAX, AMOUNT OF PROFESSIONAL RECEIPTS IF EXCEEDS FOUR CS THEN SERVICE TAX IS TO BE PAID. CASE THE PARNERS ARE ALSO ENGAGED DIVIDUAL PRACTICES. WHAT SHALL BE THE STATUS OF EXEMPTION LIMIT OF RS.4 CS WILL IT BE AVAIBLE TO FIRM AS WELL AS EACH OF THE PARNERS SEPARATELY OR ALL SHALL BE CLUBBED FOR THIS PURPOSE OF AVAILG EXEMPTION. ' BY: SUNIL KUMAR MEHTA No answers yet View Answers | Post Answers |
| 3097 |
Jun. 15 2006 |
PAN provisions –
(DIRECT TAXES)
If pvt. compony is converted to ltd. co. then what are the procedures for PAN. wheather another PAN application is to be made? or same PAN can be contued. or any other procedure is required? ' BY: PAGNIS DEEPA SACHIN No answers yet View Answers | Post Answers |
