Sebi offers a way over FPI tax rule hurdle
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| Que. Id | Date | Description |
|---|---|---|
| 2391 |
Apr. 16 2006 |
providing financial information –
(MISC.)
Is a Auditor legally bound to provide fancial formation of his client accused of crimal activity to Police Authorities ' BY: mahesh kumar No answers yet View Answers | Post Answers |
| 2396 |
Apr. 16 2006 |
NEPALESE CITIZEN"S INVESTMENT IN INDIA –
(MISC.)
A NEPALESE CITIZEN WISHES TO START A BUSESS DIA. FOR WHICH HE WANTS TO PURCHASE A RENTIAL UNIT, AN OFFICE AND WISHES TO ERECT A PRODUCTION UNIT FOR MANUFACTURG AN ELECTRICAL COMPONENT. WHETHER HE CAN V IMMOVABLE PROPERTIES DIA? WHAT IS THE MODE OF BRGG MONEY DIA? WHETHER HE CAN REPATRIATE PROFITS? ' BY: VIJAY KUMAR AGRAWAL No answers yet View Answers | Post Answers |
| 2398 |
Apr. 16 2006 |
reg PAN –
(DIRECT TAXES)
Is there any basis for allotg PAN particur manner. if so how can we analyse the assessee based on PAN number ' BY: J SREENIVAS KUMAR No answers yet View Answers | Post Answers |
| 2399 |
Apr. 16 2006 |
ER 4 Annaul Information Return –
(Customs & Excise)
When is an assessee required to file ER 4 i.e. Annual formation urn? Any exact time with which it is to be filed? What provision or rule or notification says about ER 4? Please specify the relevant provision or rule or notification if possible. ' BY: Ketan Barevadia No answers yet View Answers | Post Answers |
| 2386 |
Apr. 15 2006 |
Exemption of Rs. 4 Lacs –
(Service Tax)
One of my client is DSA (Direct Sales Team) of a Private Sector Bank. We have cimed benefit of exemption of Rs. 4 cs as his turover was less than Rs. 4 cs durg F.Y. 2004-05. Dept. says exemption benefit will not be avaible to him as it is brant name. Is dept. justified ? ' BY: ashit No answers yet View Answers | Post Answers |
| 2387 |
Apr. 15 2006 |
Deduction of TDS u/s 194C in case of Indiviuals –
(TDS/TCS)
Dear Friends, An diviual is liable for Tax audit as his gross t,o exceeds Rs. 40 cs. Hence as per TDS rules, he is liable to deduct TDS on payment made to contractors like job worker etc. While gog through IT ready reckoner AY 2005-06,06-07 of Dr V K sghania, foot note below Para 156, it says that case of diviual havg Tax audit TDS liability is only for 194C(2) i.e. supply of bours. Does it mean that for other contractors TDS is not applicable u,s 194C except 194C(2). Pls discuss. ' BY: Rajat No answers yet View Answers | Post Answers |
| 2389 |
Apr. 15 2006 |
STPI –
(DIRECT TAXES)
Dear Members, My client is exportg software to USA sce 2003.He purchased 20 computers for this 2003.He did not register then with STPI. Now he wishes to register with STPI. can he do so. such case whats the relevance of the followg text appearg the section 10A. It should not be formed by transfer to a new busess of machery or pny previously used for any purpose It should not be formed by splittg up or reconstruction of busess already existence. That means cant we use the old computers? do we need to new computers. Kdly crify if any one is expert above. Regards Raghu ' BY: Raghu No answers yet View Answers | Post Answers |
| 2390 |
Apr. 15 2006 |
Conversion of stock in trade to capital asset –
(DIRECT TAXES)
A Company which was formed for the purpose of dealg immovable property was carryg on such busess for quite sometime and the stopped the same for some years.Can the unsold part of immovables be reconverted as capital assets so that the capital ga arisg on sale of such property be ved under appropriate bonds for cimg exemption? While there is a specific section cometax Act deals with conversion of capital asset to stock trade,their liability to capital gas tax and which part of the ga is to be treated as busess come etc., the w is silent on the conversion of stock trade as Capital asse? Can anyone enlighten with reference to case w, if any this regard. Thanks A.Sekar ' BY: A.Sekar No answers yet View Answers | Post Answers |
| 2371 |
Apr. 13 2006 |
TDS on lease charges or hire charges –
(DIRECT TAXES)
We r ltd. company. Mache is taken for usg for factory use from other party. What treament shd be given wheather it shd be treated as Lease charges or hire chrges. From the pot of TDS which is benificial? ' BY: PAGNIS DEEPA SACHIN No answers yet View Answers | Post Answers |
| 2372 |
Apr. 13 2006 |
REMUNERATION TO THE FOUNDER TRUSTEE OF A PUBLIC CHARITABLE TRUST –
(DIRECT TAXES)
One of my clients is a Public Charitable Trust registered u,s 12 A(a).It is runng a hospital a rural area. As per one of the cuses of the Trust Deed,no funds or other property of the Trust shall be paid to or distributed among the trustees,nomees but shall be applied towards the furtherence of the objects of the trust or for any charitable purposes. The founder Trustee is performg the day to day activities of the Trust.He tends to draw a remuneration of Rs.10000,- pm towards services rendered by him. Please advise if it is correct. ' BY: D SANTHANAM No answers yet View Answers | Post Answers |
| 2373 |
Apr. 13 2006 |
Debit balance to the account of directors. –
(CORPORATE & OTHER LAWS)
we r ltd. company. Is there any rrictions that debit bance showg to the account of directors the books of company should not be credited cash? Can we credit amount cash to nil thear accounts, if amounts are small range of 1000 to 2000. ? Pls. advice. ' BY: PAGNIS DEEPA SACHIN No answers yet View Answers | Post Answers |
| 2374 |
Apr. 13 2006 |
Education fees paid to Foreign University? –
(DIRECT TAXES)
Sir, Can we cim deduction u,s.80c for Education fees paid to Foreign University? this fees respect of tution,term fees, havg all the marit as the case of tution fees paid to dian stitute,Univeristy except it is paid to Abroad. ' BY: CA shah sanjay No answers yet View Answers | Post Answers |
| 2375 |
Apr. 13 2006 |
TDS on Hire Charges/lease charges –
(DIRECT TAXES)
Is TDS applicable on Hire,Lease Charges ? ' BY: Devendra Singh No answers yet View Answers | Post Answers |
| 2378 |
Apr. 13 2006 |
Can an Indian settled in USA(citizen there) invest in commercial land in India for developing it later? –
(MISC.)
Can an dian settled USA, havg acquired citizenship there, acquire commercial nd dia with the tention of developg it ter? If yes, what are the procedures to be followed, specially under FEMA,RBI requirements? What are the come-tax implications? ' BY: PRAKASH HEGDE N No answers yet View Answers | Post Answers |
| 2352 |
Apr. 12 2006 |
Finance Act 2006 –
(DIRECT TAXES)
When the Fance Bill 2006 became Fance Act 2006. What is the date of enactment of the said fance bill to be fnace act 2006 ' BY: Om Prakash Agrawal No answers yet View Answers | Post Answers |
| 2356 |
Apr. 12 2006 |
from which date rate of service tax should be charged @12%+ cess –
(INDIRECT TAXES)
I want to know from which date we charged 12% +cess for Service Tax. ' BY: navin pokharna No answers yet View Answers | Post Answers |
| 2357 |
Apr. 12 2006 |
Applicability of VALUE ADDED TAX (VAT) in Nov"06 Exam of PE-II –
(IMPORTANT NEWS)
WHETHER VAT WILL BE APPLICABLE FOR NOVO6 EXAM OF PE - II PCE OF SALES TAX? ' BY: SUJAL R. MEHTA No answers yet View Answers | Post Answers |
| 2359 |
Apr. 12 2006 |
Valuer old cars : whether covered under service tax –
(INDIRECT TAXES)
A person who is authorised by banks or other authorities to value the realisable worth of a old cars and give a report to bank. whether such case that person is covered under service tax. If yes, under which head of taxable service. ' BY: SADHU SHARAN No answers yet View Answers | Post Answers |
| 2363 |
Apr. 12 2006 |
REQUIREMENT FOR TAX AUDIT –
(DIRECT TAXES)
A VOR IS USG FACILITY FOR PURCHASG SHARES. HE IS DOG FOLLOWG TYPES FOR TRANSANCTIONS :- 1. TRA DAY PURCHASE & SALE 2. FUTURE PURCHASE & SALE 3. DELIEVERY PURCHASE & SALE HIS TURNOVER REGARDG TRA DAY PURCHASE & FUTURE TRANSACTIONS EXCEEDS RS. 40.00 CS. WHETHER HE IS REQUIRED TO DO TAX AUDIT. KDLY GUIDE VIEW OF ACT CHANGES THAT COME FROM DERIVATIVE CONTRACTS COUNTS AS BUSESS COME W.E.F. ASST. YEAR 2006-07. NARDER ' BY: narinder pal No answers yet View Answers | Post Answers |
| 2366 |
Apr. 12 2006 |
Rate of Depreciation of 100 % on assets costing less than Rs.5000/- –
(CORPORATE & OTHER LAWS)
If the Company has purchased the Assets costg less than Rs.0,- durg the Year than should the assets be fully depreciated or should be depreciated on pro-rata(on the basis of time) basis? ' BY: Falguni Sheth No answers yet View Answers | Post Answers |
