Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 5361–5380
| Que. Id | Date | Description |
|---|---|---|
| 2219 |
Mar. 29 2006 |
Deduction u/s 80C for Repayment of Housing Loan Principle Amount –
(DIRECT TAXES)
Whether there is any limit for deduction u,s 80C for payment of Housg Loan Prciple amount.If Yes what is the limit.or total amount paid as prcple repayment is allowed with the limit of Rs.100000. ' BY: Rohit K Singh No answers yet View Answers | Post Answers |
| 2224 |
Mar. 29 2006 |
Is supply and installation will cover under 194C –
(DIRECT TAXES)
Dear Professional colleages, A Co want to pay Rs.12,00,000,- to B co towards supply and staltion of a computer software Kldy crify me whether TDS provision under section 194C will attract this case ' BY: Aravindakshan No answers yet View Answers | Post Answers |
| 2225 |
Mar. 29 2006 |
Public Charitable Trust,an NGO wanting to sell immovable property acquired by way of donation through Will or Settlement by the Donor individual –
(DIRECT TAXES)
An NGO registered u,s 12A of IT ACT Tamilnadu is approached by a potential Donor to give his sole immovable property located Delhi with the condition that he will have a right there till his death and after his death the property will v the Trust. This he can either do through Will or settlement deed favour of the Trust.Sce the Trusts charitable activities are confed to Tamilnadu only ,it would like to sell the property after the demise of the said Donor and utilise the proceeds as per section 11(5) and comply any other requirement,if any. Now the queries are - 1.Is the mode of transfer(for donation)through Will or Settlement OK? The Querist is aware that case of Will it will have to get Probate from the Delhi Court before it becomes the legal owner of the property.However , case of Settlement the querist would like to know whether any such kd of requirement exists . 2.Once the Trust becomes the legal owner after gettg Probate from the Court the case of Will or as the case may be,executg settlement whether any permission is required from Delhi court or any other authority to sell the property ? Regards, R.C.Bansal 9810095985 ' BY: R.C.BANSAL No answers yet View Answers | Post Answers |
| 2202 |
Mar. 27 2006 |
TDS on rent –
(DIRECT TAXES)
Where Co. do not have any formal contract with hotel, but pays directly to hotel for its gus agast room rent for any fancial year more than Rs.120000,-, is there any requirement to deduct tax at source u,s 194I of IT Act,1961. ' BY: Rahul Jain No answers yet View Answers | Post Answers |
| 2208 |
Mar. 27 2006 |
TDS on Video Documentary –
(DIRECT TAXES)
What is the rate of TDS on payment to Ad agency for preparation of Documentary Movie DVD format. Regards CA Tik Mocha ' BY: Tilak Minocha No answers yet View Answers | Post Answers |
| 2212 |
Mar. 27 2006 |
Medical reimbursement to employees –
(DIRECT TAXES)
Medical reimbursements to employees upto 10,- is exempt the hands of employees. I just want to know are there any circurs specifyg any prescribed ailments or diseases for the purpose of above reimbursement. ' BY: Anand devata No answers yet View Answers | Post Answers |
| 2200 |
Mar. 26 2006 |
Amalgamation-debentures paid - merger\purchase –
(MISC.)
Amalgamation Debentures paid with same % of debentures. Is it voition of condition of merger? Is it merger Or purchase? ' BY: Nageswara Rao No answers yet View Answers | Post Answers |
| 2192 |
Mar. 25 2006 |
hs code –
(INDIRECT TAXES)
i want to know about hs code of round profile gauge which is used wire transfer manoj agarwal kolkata ' BY: manoj agarwal No answers yet View Answers | Post Answers |
| 2196 |
Mar. 25 2006 |
Commodity Profit –
(DIRECT TAXES)
IF THE ASSESSE IS DEALG THE COMMODITY THROUGH THE COMMODITY EXCHANGE AND THE PROFIT ARISE ON THE COMMODITY WITHOUT TAKEN ANY DELIVERY OF THE COMMODITY . WHAT WILL BE TRATEMENT AS PER COME TAX WHETHER IT IS TREATED AS SPECUTION PROFIT OR NORMAL COME TO THE ASSESEE PLEASE ADVICE . ' BY: R C Jain No answers yet View Answers | Post Answers |
| 2175 |
Mar. 24 2006 |
NOTICE FOR NON FILLING OF ANNUAL RETURNS /BALANCE SHEET TO SINGLE DIRECTOR –
(CORPORATE & OTHER LAWS)
THERE WERE THREE DIRECTORS A LTD COMPANY.TWO DIED AN ACCIDENT. NO WORK DONE AND URNS FILED BY OTHER DIRECTOR FOR TEN YEARS .NOW RECIEVES NOTICE FROM R.O.C..HOW TO SATISFY R.O.C AND ESCAPE FROM PANLTY PLEASE SUGG. THANKS ' BY: DINESH kUMAR No answers yet View Answers | Post Answers |
| 2177 |
Mar. 24 2006 |
QUERY ON SERVICE TAX –
(INDIRECT TAXES)
QUERY ON SERVICE TAX: FACTS OF THE CASE: Mutual Fund agent who is renderg services to Mutual Fund Companies for distribution and marketg of mutual fund products, has turn appoted a sub agent for marketg of the same, which is a private limited company. However, there is no legal bdg agreement between the mutual fund agent and sub agent i.e. the company. Please crify the followg legal pots on the above subject: 1. Whether the private limited company (sub agent) is liable to service tax? 2. Enlighten the legal position of the Mutual Fund Companies, respect of service tax liability post 01-04-2005 scenario, where the burden of service tax payment shifted on to Mutual Fund Companies receivg such services? 3. Whether the Mutual Fund agent is eligible to take credit of service tax paid by its the sub agent? V.M.V.SUBBA RAO CHARTERED ACCOUNTANT MOBILE: 9390221100 vmr@rediffmail.com ' BY: VMV SUBBA RAO No answers yet View Answers | Post Answers |
| 2178 |
Mar. 24 2006 |
DEDUCTION U/S 80C –
(DIRECT TAXES)
Under the I T Act deduction up Rs 1.00 c is eligible for dividual. If an assessee has total come compricg of Long term & Short term capital ga of Rs 2.00 cs, whether deduction u,s 80 C is admisible? If the assessee is a HUF treatment remas the same? ' BY: SHITAL VIPUL VYAS No answers yet View Answers | Post Answers |
| 2179 |
Mar. 24 2006 |
SECTION 80C –
(DIRECT TAXES)
AS PER THE AMENDMENT MADE BY FANCE BILL 2006 ONE CAN V FD TO GET THE DEDUCTION BENEFIT.IF THE PERSON DEPOSITS ON MARCH 28 AND WITHDRAWS ON APRIL 10 WHAT WILL BE THE CONSEQUENCES? ' BY: PANDIT SHIVANAND MAHABALESHWAR No answers yet View Answers | Post Answers |
| 2181 |
Mar. 24 2006 |
ESI –
(OTHER BODIES)
If composite bill for bour and rial is issued on what percentage of bill ESI is to be deducted? ' BY: nitika sharma No answers yet View Answers | Post Answers |
| 2182 |
Mar. 24 2006 |
Service Tax Rate. –
(INDIRECT TAXES)
Whether the enhanced Rate of Service Tax i.e.12% plus EC Fance Act 2005 came to effect? If so from which date? ' BY: E.HARI BABU No answers yet View Answers | Post Answers |
| 2184 |
Mar. 24 2006 |
FBT –
(DIRECT TAXES)
Co.curred exp. on Fare of domic as well as ternaional tour for busess purpose.whether it is taxable as FBT or not ' BY: Matulya No answers yet View Answers | Post Answers |
| 2186 |
Mar. 24 2006 |
House Property Income –
(DIRECT TAXES)
Mr X Workg City A from st 2 years. Durg his 2nd year of employemnt he purchased a apartment City B (native palce - i.e other than the pce of employment.) Query 1. Can Mr.X cim the Gross annual value of property as Nil U,s 23 (2)(b)? 2. Is there a condition that the house to be cimed as self occupied U,s 23 (2) (b) should have been occupation of assessee for self rence and durg his self occupation period, he got a employment offer other city and because of which the property is vacant. 3. If the ft purchased City B durg assessees employment is City A is used by assessee parents for their self occupation , can that be cimed as self occupied though the owner of the house is not livg with them. ' BY: SATISH CHANDRA S JAIN No answers yet View Answers | Post Answers |
| 2188 |
Mar. 24 2006 |
TDS –
(DIRECT TAXES)
Thank U Mr. Raghu, Abhishek and Mrs. Niru for timely response. I was also of the same view. Regards, ' BY: Ashok Jain No answers yet View Answers | Post Answers |
| 2189 |
Mar. 24 2006 |
Service Tax @12% –
(INDIRECT TAXES)
When will Service Tax @12% applicable ? ' BY: Anupam Ganguly No answers yet View Answers | Post Answers |
| 2162 |
Mar. 23 2006 |
Tax implication on amount received from the government on sale of land to government (land at shamshabad occupied by by government for airport purpose) –
(DIRECT TAXES)
Dear Colleagues, Case: X aged about 80yrs owned nd at shamshabad given by the government free of cost as a freedom fighter. the year F.Y 2005-2006, govt. tookover the nd for airport purpose and gave a conration of about Rs.20 cs for the same. What would be the tax implication his hands? Also X would like to give same amount to his grandson for startg,openg a petrol bunk, Can he do so ? What would be the implication and precautions to be taken while givg the amount and the mode of transfer of amount to his grandson? Waitg eagerly for ur valuable reply. vijaya ' BY: p.vijaya lakshmi No answers yet View Answers | Post Answers |
