Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 5221–5240
| Que. Id | Date | Description |
|---|---|---|
| 2639 |
May. 06 2006 |
RECHARGE VOUCHER FOR PCO BUSINESS IN TELECOMM –
(Service Tax)
Would like to know about service tax to be collected from Channel Partner. PCO Busess sales voucher to channel partner turn they sale it PCO operator.PCO operator collects service tax from End user. Would like to Know SERVICE TO BE COLLECTED ON VOUCHER DENOMATION OR IT SHOULD BE COLLECTED ON SALE PRICE TO CHANNEL PARTNER. SAY RS. 100 DENOMATION VOUCHER SALE PRICE TO CHANNEL PARTNER 90 Do i need to collect service tax on Rs. 100 or On Rs. 90. ' BY: rahul jain No answers yet View Answers | Post Answers |
| 2620 |
May. 05 2006 |
Fringe Benefit Tax –
(DIRECT TAXES)
Any urn has been prescribed for fillg FBT run ? if yes where do we fd the same ? ' BY: Uttam Patel No answers yet View Answers | Post Answers |
| 2629 |
May. 05 2006 |
INVESTMENT –
(INDIRECT TAXES)
Whether foreign national or foreign company can commercial property dia .if not then is there any other alternate ? ' BY: RATNESH CHAND JAIN No answers yet View Answers | Post Answers |
| 2630 |
May. 05 2006 |
Supplementary to Question ID 2839 & Answer ID 3876 –
(DIRECT TAXES)
This is contuation with Sri Ram Avtar Sarmas answer that tax need be deducted u,s 194C on payments made towards lorry freight if the total amount paid to an owner exceeded Rs.50,000,- durg the year, even though dividual amounts never exceeded Rs.2,000,-. What happens if the dividual bills towards freight are paid immediately cash so that the same is posted directly to Freight Account, stead of routg it through Lorry Owners Account? Can one avoid the liability u,s 194C by makg payments immediately cash where the same has not exceeded Rs.20,000,-? Or, should one have to mata the accounts of dividual lorry owners so as to determe the liability u,s 194C? ' BY: Lingambhotla S Rajendra No answers yet View Answers | Post Answers |
| 2613 |
May. 04 2006 |
Annual Return of TDS and TCS –
(TDS/TCS)
Whether annual urn for TDS and TCS will be filed? If yes then what are the due dates? ' BY: Shivam Porwal No answers yet View Answers | Post Answers |
| 2616 |
May. 04 2006 |
Long Trem Capital Gain –
(DIRECT TAXES)
Mr. X recdieved a rential house by way of heritance . After obtag Probate, He demolished the house and constructed a rential complex consistg of 10 fts and sold 9 fts and one for his own use. He is tendg to a new rential house. Q. Whether the profit total profit of sale of fts will be long term capital Ga or profit on construction will be termed as short term ga. Q Whether he will get benefit of deduction for vg new ft and if yes upto what extent he should v i.e amount of lTCG or entire sale proceeds ' BY: Madhav Sureka No answers yet View Answers | Post Answers |
| 2619 |
May. 04 2006 |
Credit available for vat paid –
(INDIRECT TAXES)
Dear Mr Bhojwani, Thank you for suggg the mistake. I am very sorry for the same. But I would like to draw your attention that quions asked by me is yet to be answered. regards, C.A Ramanand Jha ' BY: C.A Ramanand Jha No answers yet View Answers | Post Answers |
| 2600 |
May. 03 2006 |
WHETHER TDS LIABILITY u/s 194C ARISES ON LORRY FREIGHT –
(DIRECT TAXES)
A firm -tradg concern pays Lorry freight thorought the year to various lorry companies for the purchase of goods. whether the firm is liable to deduct TDS if the payment exceeds Rs.00 to SGLE LORRY OWNER aggregate a fancial year eventhough each time it pays say Viz Rs.1. Rs.2000 etc on each consignment ' BY: B ANAND No answers yet View Answers | Post Answers |
| 2603 |
May. 03 2006 |
Taxability of Freedom Fighter Pension. –
(DIRECT TAXES)
Whether Freedom Fighter Pension is taxable? If so under what head? CA.NARAYANA RAO.P.V. ' BY: P.V.NARAYANA RAO No answers yet View Answers | Post Answers |
| 2605 |
May. 03 2006 |
2802 –
(DIRECT TAXES)
Dear Shri Lgambhot S Rajendra As per the provisions of Section 199, credit for TDS shall be given to the assessee for the amount of TDS deducted the assessment, for the assessment year for which such come is assessable. view of above will there be any change your answer? Regards ' BY: Vithalbhai Rambhai Akbari No answers yet View Answers | Post Answers |
| 2608 |
May. 03 2006 |
Deduction of FBT –
(DIRECT TAXES)
i want to know that we have fbt exp. as under fbt exp paid Rs.00 fbt exp which is under litigaion deposited under separate current a,c-4 provision for fbt-3 total fbt book rs 58000 if we are liable under MAT,whether fbt is deductable from book profit if yes what is the amount ' BY: SURENDRA No answers yet View Answers | Post Answers |
| 2589 |
May. 02 2006 |
TDS on insurance commission –
(DIRECT TAXES)
surance commission payable to a Corporate Agent of the LIC is subject to tax deduction @20.44% u,s 194D. The persons workg under the corporate agent are referred to as specified persons by the LIC. Whether the corporate agent is also liable to deduct tax on the payments made by it to those specified persons? If so, then at what rate and under which section? ' BY: alok mahajan No answers yet View Answers | Post Answers |
| 2591 |
May. 02 2006 |
ABATEMENT(DEDUCTION) OF 75% SERVICE TAX WHEN WE PAID SERVICE TAX ON FREIGHT PAID TO TRANSPORTER –
(Service Tax)
We are manufacturg concern and we payg freight on to transporter for puchase and sale of goods. We are depositg Service tax @ 2.55% on gross amount of freight and we not takg any CENVAT CREDIT for the same. the department issue a show cause notice we are not entitled for abatement of 75% as we are users of service. And this abatement is allowed only to GOODS TRANSPORT AGENCY CASES WHERE GOODS TRANSPORT AGENCY IS LIABLE TO PAY SERVICE TAX. KDLY CRIFY THE PROVISION OF NOTIFICATION NO. 32,2004. ' BY: AJAY KUMAR No answers yet View Answers | Post Answers |
| 2572 |
May. 01 2006 |
WHETHER FREIGHT COST WILL BE ADDED TO COAL COST FOR VALUATION OF FUEL-IN TRANSIT IN CASE OF A THERMAL POWER STATION? –
(MISC.)
A THERMAL POWER STATION HAS CERTA COAL TRANSIT AS ON 31.03.2006. WHETHER IT SHOULD CLUDE THE FREIGHT COST COAL VALUE TO FD OUT THE VALUE OF FUEL- -TRANSIT VIEW OF THE FACT THAT RAILWAY FREIGHT IS PAID ON RECEIVED BASIS AND IT IS POSSIBLE THAT THE COAL TRANSIT IS NOT RECEIVED BY THE STATION, IT BEG BECOMG MISSG WAGONS. THE COMPANY IS PAYG ADVANCE FREIGHT ON ADHOC BASIS TO RAILWAYS AND IT IS BEG SHOWN AS ADVANCE TO RAILWAYS. WILL THE VENTORY VALUATION BE PROPER IF FREIGHT COST IS NOT CLUDED THE VALUE OF FUEL TRANSIT LIGHT OS AS-2 ' BY: RITU GOYAL No answers yet View Answers | Post Answers |
| 2573 |
May. 01 2006 |
PAN no. for NRI"S/PIOS/FOREIGNERS –
(DIRECT TAXES)
What is the procedure to get PAN no. for people who do not have any address dia,like NRIs, PIOS and foreign passport holders, who wants to v the dian capital market, is there any different form?, where the application should be submitted? ' BY: Hemchand G No answers yet View Answers | Post Answers |
| 2575 |
May. 01 2006 |
Service Tax Applicability on New Services and Rate –
(Service Tax)
Can anybody let me know the Applicability of Service tax effective date on new services and the date of new rate applicability. ' BY: Manish Gupta No answers yet View Answers | Post Answers |
| 2576 |
May. 01 2006 |
Conversion of Indian Company"s Foreign Branch –
(INTERNATIONAL BUSINESS)
Dear Colleagues, As per Revised Accoutg Standard 11, the foreign branch ( tergral part of the company) accounts shall be converted at transaction rates, but it is not not defed at which F Exch Rate i.e RBI reference rate or IBR or TT g etc. Can any one ofrm the exch rate at which the same shall be converted and from which source to fd the Exchange rate for all the days from 01.04.2005 to 31.03.2006.( The Currencies are GBP and Australian Dolr) ' BY: V.K Jain No answers yet View Answers | Post Answers |
| 2577 |
May. 01 2006 |
Certificate of practice for Member in Industry –
(COUNCIL DECISION)
Can anybody tell me if One could hold COP while workg dustry & be a partner any CA Firm if one do not att any document? ' BY: deepak Upadhyay No answers yet View Answers | Post Answers |
| 2580 |
May. 01 2006 |
How to do comply with EXPORT procedture..? –
(INTERNATIONAL BUSINESS)
my client is engaged wooden wall clock busess,now he wants to export his assembled cum manufactured wall clock to foreign country as he has recently received from UK. he has already obtaed Import Export code from DGFT Department. Now what kd of formalities are required for actual export i.e. from the pot of view of legal documents such as permission from DGFT? EXCISE? CUSTOME? ETC.. Pl. throw some light on above issue and oblige ' BY: amol chandra No answers yet View Answers | Post Answers |
| 2581 |
May. 01 2006 |
Contents of Form 26Q –
(TDS/TCS)
Whether Form 26Q should clude details of tax deductions durg the relevant quarter or details of expenditure curred durg the relevant quarter? If the assessee makes beted TDS payouts, whether the earlier Form 26Q submitted should be corrected or can it be cluded Form 26Q durg which period TDS was remitted? ' BY: Balavenkatesan N No answers yet View Answers | Post Answers |
