Sebi offers a way over FPI tax rule hurdle
You can add further comments to your query by clicking on "Add Comment".
This link will appear only, if you are logged-in with your user id and password. The same will appear as
"Querist Comment" on the Forum.
Click here to Post your Query >>5987 unanswered question(s) — Showing 5141–5160
| Que. Id | Date | Description |
|---|---|---|
| 2882 |
May. 29 2006 |
Annual Return Post Merger –
(CORPORATE & OTHER LAWS)
Is it necessary to file a revised Annual urn of the resultant company with ROC consequent to an amalgamation with an earlier Appoted date of amalgamation? ' BY: Clifford Noel Lobo No answers yet View Answers | Post Answers |
| 2884 |
May. 29 2006 |
long term capital gain exempted under section 10(38) –
(DIRECT TAXES)
Is the long term capital ga on transfer of shares exempted from capital ga tax only or we are also not required to clude such come as part of total come ' BY: ambar kasliwal No answers yet View Answers | Post Answers |
| 2872 |
May. 28 2006 |
TDS on LC Discounting Charges –
(DIRECT TAXES)
Letter of Credit(LC)is opened by the er favour of the supplier for supply of goods, which ensures the payment to the supplier at the end of the period of LC.Sce the money is not immediately received, the supplier discounts LC with bank and realise the money. The supplier pays LC discountg charges. As per the terms agreed, the er reimburses the LC discountg charges to the supplier. Queries: 1. The LC discountg charges reimbursed by the er is the nature of ter. Is it correct? 2. If it is correct, is it subject to TDS? 3. The er his books of account does not show the Suppliers account creditors but shows the LC account under acceptance creditors sce the LC is opened favour of the supplier? Is it correct? ' BY: Balaji.S No answers yet View Answers | Post Answers |
| 2874 |
May. 28 2006 |
Capital Gain –
(DIRECT TAXES)
Owner and Developer enter to a contract whreby the developer wil develop and construct complex where certa fts will be given to owner and bance will be kept by the developer. The capital ga the hands of owner is to be worked out. To me the calcution will be as under (1) Sale conration will be: Value of the construction of fts ( construction value only not nd value as the nd already belongs to owner) will be deemed to have been paid by the developer to the owner exchange of the owner reducg its absolute right on the nd. (2) Less cost of the dexed nd and buildg of the owner to the extent of 50% as out of total falts 50% is for developer and 50% for owner. (3) The owner after geetg possession of fts sale one ft and a 3 (Three) fts with him. My Query is whether the owner will be entitled to cim deduction u,s 54 or 54F conrg that it has purchased ft from developer and the cost of construction of one ft be deemend as new purchase of the ft. Though the ft is handed over before the sale has taken pce. The pot comes here is the buildg is short term as just few days befoe the developer has handed over ft but the right of nd attached with this ft is ng term. ' BY: rkdhandia No answers yet View Answers | Post Answers |
| 2862 |
May. 27 2006 |
Taxability of Joint Venture –
(DIRECT TAXES)
Jot Venture made by nd owner and builder for construction of rential property ,where condition is revenue ( Receipt from Ft Holder ) will be shareable at receipt stage. Receipt will be shared at Fixed percentage say (50 :50).Builder is totally responsible for construction. nd owner is collectg money for nd transfer. Both are payg taxes his dividual capacity. Jot Venture doesn’t have any surplus because no expenditure will be curred by jot Venture. What will be taxability of Jot Venture? ' BY: Neelesh Nema No answers yet View Answers | Post Answers |
| 2863 |
May. 27 2006 |
Amount for TDS & Service Tax –
(DIRECT TAXES)
I want to know on which amount TDS is deducted case service tax & C.Ex is levied whether TDS is deducted on whole amount cludg service tax & C.Ex or on net amount without cludg taxes A bill for repair is clusive of rials & service charges. e.g. Cost of rials = 100.00 C.Ex. & E.cess = 16.32 Service Charges = 50.00 Service Tax & E.cess = 6.12 172.44 Kdly clearify. ' BY: Vinay Kumar Jain No answers yet View Answers | Post Answers |
| 2867 |
May. 27 2006 |
TDS RETURN –
(DIRECT TAXES)
IS IT MANDATORY TO FILE ANNUAL URN OF TDS FOR THE F.Y 2005-06 ' BY: NIHAR KOTRU No answers yet View Answers | Post Answers |
| 2871 |
May. 27 2006 |
TDS on contract manufacturing –
(DIRECT TAXES)
A corporate has appoted M,s ABC Pvt. Ltd as a contract manufacturer for its products which are branded. The transaction is on prcipal to pricipal basis where the raw rial required for manufacturg the products is procured by ABC and processed as well for convertg it to fished goods. Thereafter it is sold to the corporate. Is TDS provision applicable the above transaction on the payment made by the corporate to ABC towards the sales voices. ' BY: Walter DSouza No answers yet View Answers | Post Answers |
| 2844 |
May. 26 2006 |
Form 16A –
(DIRECT TAXES)
If the vendor has not given the PAN no is there any liability to issue the Certificate or even if issued is there any penalty for the same. Showld we issue or not. ' BY: Manish Gupta No answers yet View Answers | Post Answers |
| 2852 |
May. 26 2006 |
CAPITAL GAIN –
(DIRECT TAXES)
A PURCHASED PLOT & PAID 5.0 C &GOT POA NOW HE HAS SOLD IT &GOT 6.0 C &ISSUED POA PURCHASER IS TO GET IT REGD. THE VALUE OF REGN. WILL BE 20.0CS. NOW A WILL BE LIABLE TO PAY CAPITAL GA ON 1.0C OR 15.0 C. TRANSACTION PERTAS TO STCG ' BY: VIJAY ANEJA No answers yet View Answers | Post Answers |
| 2857 |
May. 26 2006 |
FOR CENVAT CREDIT IS HE ELIGIBLE –
(INDIRECT TAXES)
One of our client created a separate fund and ved such fund various type of securities and ga arised on such fund is distributed to employees. He will not partisipate gas and total gas distributed to employees. Even araised on such vment is charged to P&L account. He is payg service tax on such transations. My query is Whether he is eligible to cim CENVAT credit on service tax paid on such transactions on the basis that the transactions are entered to provide benifit to the employees for the purpose to a them for a long period. Please crify. ' BY: K. V. Suresh Babu No answers yet View Answers | Post Answers |
| 2833 |
May. 25 2006 |
surveyor –
(COUNCIL DECISION)
i want to apply for the workg as a surveyor general surance company on profeesional basis. presently i am full time practice of chartered accountancy shall i get permission from the stitute for the same. ' BY: Hitesh D. Unadkat No answers yet View Answers | Post Answers |
| 2836 |
May. 25 2006 |
explanation –
(AUDIT)
Please exp me regardg applicability of System audit and abolishment of all Banks Audit and there impact on the scope of CA ? ' BY: hatim No answers yet View Answers | Post Answers |
| 2837 |
May. 25 2006 |
Can a Limited Liability Corporation formed in US be a shareholder in an Indian Company –
(CORPORATE & OTHER LAWS)
A Limited Liability Corporaton (LLC)formed US is neither a Corporate nor a Partnership. It is treated as Partnership Firm for the purpose of ternal Revenue and a Corporate for other purposes.It does not have a perpetual succession. Can such a entity be a share holder an dian Company. ' BY: Prakash J C No answers yet View Answers | Post Answers |
| 2838 |
May. 25 2006 |
3075 –
(Service Tax)
Dear Member Thanks for givg me reply ' BY: Tejas Harendrakumar Purohit No answers yet View Answers | Post Answers |
| 2826 |
May. 24 2006 |
CLUBBING OF INCOME U/S.64(1A) –
(INDIRECT TAXES)
come from busess,house property is clubbed the hands of parents. Long Term, Short Term Capital ga on sale of assets that of mor is also clubbed the hands of parents and so is come from other sources also. Our query is whether Long Term,Short Term Capital ga, on sale of shares g to mor is taxable the hands of the mor itself or whether such long ter,short term ga is also to be conred the hands of parents ' BY: S.SWARNA KUMARI No answers yet View Answers | Post Answers |
| 2827 |
May. 24 2006 |
Foreign Citizen Taxability –
(DIRECT TAXES)
What is the process of taxability of Foreign Citizen. Are they not required to file urn of come or not required to apply for PAN. Would they be covered under specific chapter of come tax or section. Please Advice. ' BY: Pavananshu Saxena No answers yet View Answers | Post Answers |
| 2817 |
May. 23 2006 |
FBT on Travelling –
(FBT)
As per Current Postion FBT on Travellg is 5% where as on conveyance and staff welfare it is 20%. Now whether Local Conveyance, Food expenses curred by employee while of Offical tour should be cluded under the head travellg or otherwise under the head of Conveyance and staff welfare. ' BY: subodh sureka No answers yet View Answers | Post Answers |
| 2818 |
May. 23 2006 |
service tax on goods transport agency –
(INDIRECT TAXES)
case of consignment sale , transportor is chargg service tax the bill , and the consignee is makg full payment to the transportor clusive of service tax . whether consignee, consignor is still liable to service tax . ' BY: PANKAJ JAIN No answers yet View Answers | Post Answers |
| 2819 |
May. 23 2006 |
penalty under section 271(1) (c) –
(DIRECT TAXES)
Can a religious trust be penalised for concealment of come or particurs of come, case it is assessed to tax on beg denied exemption u,s 11 & 12( it beg fallg with the ambit of sec 13(1)(b). The penalty is raised on the amount of disallowed expenditures the come & Exp a,c. ' BY: Atul Bharadwaj No answers yet View Answers | Post Answers |
