Sebi offers a way over FPI tax rule hurdle
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| Que. Id | Date | Description |
|---|---|---|
| 2367 |
Apr. 12 2006 |
SERVICE TAX ON BUSINESS CLASS AND FIRST CLASS AIR TICKETS –
(INDIRECT TAXES)
T BUDGET IMPOSES SERVICE TAX ON BUSESS AND FIRST CSS TRAVEL. CAN ANY ONE EXO WHETHER THIS SERVICE TAX WILL BE LEVIED BY THE AIRLE OR HAS TO BE CHARGED BY THE AGENT.IS IT TO BE ON THE BASIC FARE OF THE TICKET OR ON FARE PLUS AIRPORT TAX AND SECURITY TAX ETC. WILL THE CUSTOMER BE POSITION TO CIM THIS AMOUNT AS PUT TAX ' BY: D.SUBRAHMANYAM No answers yet View Answers | Post Answers |
| 2336 |
Apr. 11 2006 |
Accounting treatment for Purchase of valuable Painting –
(MISC.)
The company has purchased some patgs from art gallery. The company has expensed out it the year of purchase. As per general meang of furniture, all items of decoration are conred as furniture. Thus, should patgs be conred as furniture? ' BY: Renish Viramgama No answers yet View Answers | Post Answers |
| 2343 |
Apr. 11 2006 |
FBT Treatment –
(DIRECT TAXES)
A company have deposited a separate account (litigaion exp of FBT,like sales promotion)what is the accountg treatment as on 31.03.2006 exm. separate account openg RS 10000 litigation exp Rs.00 deposit above A,C Rs.00 Total deposit 60000 agast exp of Rs.00 ' BY: SURENDRA No answers yet View Answers | Post Answers |
| 2347 |
Apr. 11 2006 |
Interest on delayed payment of service tax –
(INDIRECT TAXES)
We had deposited service tax provisional amount for the month ended 31.03.06 on 30.3.2006 as per provisions of service tax. But it fall short. Can any one exp me the rate of ter and panality provisions if any applicable with reletive notification number & date. ' BY: Vinay Kumar Jain No answers yet View Answers | Post Answers |
| 2349 |
Apr. 11 2006 |
Reinitiation of penalty proceeding U/s. 271C –
(DIRECT TAXES)
Whether Additional CIT is right itiatg afresh penalty proceedg where once the earlier penalty of the Additional CIT is held as technically , legally defective by CIT (Appeals)? ' BY: rakesh s. mehta No answers yet View Answers | Post Answers |
| 2323 |
Apr. 10 2006 |
Service descriptions under service tax registration –
(INDIRECT TAXES)
There is asole propritorship firm providg services fro the WEB DESIGNG. Please crify under which catagory of service, this will be covered. Please provide the proper head under which thesole proprietor should register himself. ' BY: RAJNI GOEL No answers yet View Answers | Post Answers |
| 2324 |
Apr. 10 2006 |
service tax on residential complexes –
(INDIRECT TAXES)
Pl crify, if the nd owner himself constructed rential complex more than 12 fts, whether service tax is applicable or not. ' BY: murthy No answers yet View Answers | Post Answers |
| 2325 |
Apr. 10 2006 |
Tax Liability of Stipend.. –
(DIRECT TAXES)
Dear Freds.. what is the tax liability of stipend received .is it taxable undet the head sary..and if so then whether Profession tax is need to be deducted.. is there any specified stitude whose students are only covered under the receipt of stipend.? plz reply ' BY: kalpesh No answers yet View Answers | Post Answers |
| 2330 |
Apr. 10 2006 |
I am associate member of Chartered Accountant. What is the procedure to obtain certicate of Language used for my chartered Accountant course –
(MISC.)
Sir: I am qualified Chartered Accountant the year 1993. My Associate Membership No 202920. I am the process of applyg immigration to the New Zend. If they require nguage certificate under which I completed Chartered Accountancy course. It is possible to obta such certifcate from our stitute? Presently I am Bahra. If yes, Kdly tell the procedures ' BY: C V Kesavan No answers yet View Answers | Post Answers |
| 2332 |
Apr. 10 2006 |
Treatment of Intangible Assets –
(CORPORATE & OTHER LAWS)
I want to know that a company has troduced SAP System ( Accountg Software) and its amount is Aprox. 2 cr.whether depreciation is applicable as per rate applicable to computer or office Equp. or it can amortise as per AS -26 tangible assets over 5 to 10 yr.written off ' BY: SURENDRA No answers yet View Answers | Post Answers |
| 2334 |
Apr. 10 2006 |
HIGH COURT JUDGEMENT REGARDING CA OFFICE IN RESIDENTIAL HOUSE –
(IMPORTANT NEWS)
SOME BODY TOLD ME THAT THERE IS A HIGH COURT CASE AGAST ELECTRIC BOARD.AS PER THIS CASE, CA CAN USE DOMIC ELECTRIC CONNECTION HIS OFFICE WHEN OFFICE IS SUIATED AT HIS HOUSE.THE ELECTRIC BOARD CAN NOT FORCE TO USE COMMERCIAL CONNECTION. PL GIVE THE REFERENCE OF THESE CASES. THANKS ARVD AGARWAL ' BY: ARVIND AGARWAL No answers yet View Answers | Post Answers |
| 2307 |
Apr. 07 2006 |
DATE OF DEPOSIT OF TDS FOR F.Y .2005-06 –
(DIRECT TAXES)
WHAT IS THE ST DATE OF DEPOSIT OF TDS DEDUCTED CASE OF RENT & ITS FILG OF URN ' BY: SUMIT JINDAL No answers yet View Answers | Post Answers |
| 2309 |
Apr. 07 2006 |
TDS –
(DIRECT TAXES)
Is an dividual liable to deduct TDS from an amount paid,crdited to a Contractor? ' BY: sachin garg No answers yet View Answers | Post Answers |
| 2312 |
Apr. 07 2006 |
DUE DATE FOR PAYMENT OF TDS - YEAR END CREDIT - ONLY FOR PART OF YEAR AND NOT FOR FULL YEAR –
(DIRECT TAXES)
A company has paid and deducted TDS July, 05 and Jan, 06 durg FY 05-06 on ter paid. On 31-03-06, it makes provision for bance of 2 months ter (Feb & March)and deducts TDS thereon. Whether time limit for remittg TDS on this provision is 31 05 06 or 07 04 06 ? Rule 30 is silent whether year end credit should be for entire year or can be part of the year, as this case, to avail of 2 months time upto May 31st to remit TDS. Illumation on this pot from colleagues is requed ' BY: M.R.Kannan No answers yet View Answers | Post Answers |
| 2298 |
Apr. 06 2006 |
TDS on Rent –
(DIRECT TAXES)
If there are two agreements - one for rent and one for nace charges - whether TDS is applicable for nance charges. Party is same. ' BY: P.Suraj No answers yet View Answers | Post Answers |
| 2299 |
Apr. 06 2006 |
Service tax bill raised in the year end- rate of Service Tax –
(INDIRECT TAXES)
Dear all, Pls crify me the followg scenario. Let us assume the rate of revised service tax of 12.24% will com to enforse from 01.05.06. If i rnder a service to a company and i will bill for services the year end. that case, can i add the service tax of 12.24% on the total bill or age basis of 10.2 for one month and 12.24% for the remag months. Pls give your valueble answers along with suitable referances if any., Thankg you ' BY: Anubhav maheswari No answers yet View Answers | Post Answers |
| 2303 |
Apr. 06 2006 |
eTDS –
(DIRECT TAXES)
Sir, (1)If an assessee has deducted TSD for Rs.00,- the Third Qtr. and Rs.20,- has depodited the same qtr.remag amount Rs.20,- & t.their on has deposited the fourth qtr what will be treatment for filg of eTDS. As you are well aware that he cant file the Q3 beacuse he has deposited amount less then the amount of tds deduction,on the other hand he cant also file the Q3 because date of deduction has reletated to previous qtr. (2)What is the treatment of form 15G,H filg of eTDS of the Q4 because amount of deduction is Zero. (3)What is the status of form 26QA. ' BY: Shankar Laddha No answers yet View Answers | Post Answers |
| 2289 |
Apr. 05 2006 |
A CA giving Report on US GAAP –
(AUDIT)
I have come across a situation where I have to do a US GAAP conversion. Am I authorised for it as per US GAAP. ' BY: eish taneja No answers yet View Answers | Post Answers |
| 2291 |
Apr. 05 2006 |
Medical Compensation received underVRS-whether exempt under I.T. –
(IMPORTANT NEWS)
TDS has been deducted respect of VRS-Medical compensation received by Sri.Gopalkrishna (sce deceased) an employee of HAL for F,Y.2005-06. Whether the same is exempt under come-tax for cim of refund? ' BY: A.Kumaraswamy No answers yet View Answers | Post Answers |
| 2292 |
Apr. 05 2006 |
Reference noification no 6/2002 to procure C G at concessional rate of duty –
(INDIRECT TAXES)
Dear Freds, Notification no. 6,2002 dated 01.03.02 at sr. no . 196 of list, provides exemption from excise duty of exciseable goods procured for the taltion of cold store. The Asst , Deputy Commissioner of Central Excise and Customs, issues an Annexure - I form, under Rule 3 of of the Central excise (Removal of Goods at Concessional rate of duty for Manufacture of exciseable goods) Rules 2001. My client procured lot of capital items to staltion of coldstore under above notification but only digous items. Now he is gog to import some machery of the specified purpose of staltion of Cold Store. Can he avail the exemption from of CVD or,and additional duty of customs under the notification no. 6,2002 Central Excise 01.03.02. Please sugg. Regards Anil Kumar Agarwal ' BY: Anil Kumar Agarwal No answers yet View Answers | Post Answers |
