Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 5421–5440
| Que. Id | Date | Description |
|---|---|---|
| 2021 |
Mar. 12 2006 |
how to differentiate between capital gain & dividend on redemption of mutual fund? –
(MISC.)
I am auditg an co-op soceitys account where they have redeemed mutual fund. I want to know as to how to differentiate between short term capital ga & dividend , as there are no supportgs. I have fo of credited amount which is more than ved. ' BY: chandrika No answers yet View Answers | Post Answers |
| 1996 |
Mar. 11 2006 |
Service Tax on Commission on Purchases –
(INDIRECT TAXES)
If a Holdg Company, havg its wholly ownned subsidiary UK,fds the vendor Cha, who will sale goods to its wholly owned subsidiary UK and urn gets Commission from the wholly owned subsidiary, will the commission so earned by the holdg company be chargeable to Service Tax. If yes please specify the cssification of the taxable service ' BY: Vishal Thacker No answers yet View Answers | Post Answers |
| 1998 |
Mar. 11 2006 |
Service Tax Liability –
(DIRECT TAXES)
My Client is a developer of nd at Bhiwandi. He makes a development agreement and develops nd of the ndowners. He gives contract to construct godowns to contractors along with bour and rial. All the contractors are not registered under service Tax. Will I be liable for Service Tax Payment. Are there any notification regardg this. ' BY: Shital Kantilal Baldia No answers yet View Answers | Post Answers |
| 1999 |
Mar. 11 2006 |
EPZ & Partnership firm or PVT Ltd Firm –
(DIRECT TAXES)
We have a Partnership Firm mfg Jewelry Operatg the EPZ From overalll taxation pot of view will it beneficial to form get transformed to Pvt Ltd Company My quion is that sce EPZ gives tax free status for a no of years so Firm profits will be tax free At same time Partners share profits will also be exempt thier dividual urns Whereas case of Pvt Ltd Companies come will be exempt Company hand s but sary ,dividends will be taxable hands of Directors (i.e. Ertwhile partners ) So is it beneficial to opt for Pvt Ltd Company ? Pls sugg your views? Raj ' BY: Rajeev Jain No answers yet View Answers | Post Answers |
| 2001 |
Mar. 11 2006 |
fbt –
(DIRECT TAXES)
whether fbt is payable on full expenses curred or reimbursement made by other company is to be deducted and fbt is to be paid on net expenditure ' BY: ram kumar gupta No answers yet View Answers | Post Answers |
| 2003 |
Mar. 11 2006 |
Permissible deductions from Interest & Remuneration from firm. –
(DIRECT TAXES)
What are the permissible deductions from come taxble under the head Profits & Gas from Busees or Profession? e.g. If a partner s a car his personal name & uses the car for busness of partnership if Depreciation & ter on Loan borrowed for purchase of car is permissible from ter on capital Partnership firm & remuneration from firm? What are the other permissible deductions? ' BY: Ullhas mandhane No answers yet View Answers | Post Answers |
| 2007 |
Mar. 11 2006 |
asking about CPE Hours –
(MISC.)
Dear Professional I am workg a CA firm as a paid assistant whether there is any compulsory requirement for cpe hrs for me.please let me know Reena Sharma ACA ' BY: Reena Sharma No answers yet View Answers | Post Answers |
| 2009 |
Mar. 11 2006 |
income tax –
(DIRECT TAXES)
sir, an assessee has filed his urn of come for fancial year 2005 decrg an specution of rs 35khs derivatives gettg the books duly audited. now for the fancial year 2006 can he set of this agast the normal busess come.if not, sce the amendment that tradg derivatives will be treated as busess come can he set off this agast the derivative tradg come durg the fy 2005-2006. thank you ' BY: vinod bajaj No answers yet View Answers | Post Answers |
| 2011 |
Mar. 11 2006 |
UNSECURED LOANS –
(DIRECT TAXES)
IF AN ASSESSEE TAKEN AN UNSECURED LOAN HIS PERSONAL NAME i.e. HRITHIK ROSHAN (SHOWN HIS PERSONAL STATEMENT OF AFFAIRS)& ALSO TAKEN AN UNSECURED LOAN HIS PROPRIETORSHIP CONCERN M,S HERO ENTERPRISES (SHOWN HIS PROPRIETORSHIP CONCERN BANCE SHEET) EACH OF RS. 18000,- CASH IT IS VIOTION OF SECTION 269SS OR NOT PLEASE GIVE ANSWER WITH REASON ' BY: AMAR AHUJA No answers yet View Answers | Post Answers |
| 2012 |
Mar. 11 2006 |
UNSECURED LOANS –
(DIRECT TAXES)
IF A PROPRIETARY CONCERN ACCUMUTE A CREDIT ACCOUNT WITH HIM A SUM OF RS 24000,- (AS RENT PAID PER RS. 2000 MONTH) IT IS VIOTION OF SECTION 269SS ACCEPTG OF LOAN OTHERWISE THEN BY AN ACCOUNT PAYEE CHEQUE OR NOT IF YES THEN ANY PENAL PROVISION ATTRACTS AND ABOVE BANCE OF RS. 24000,- SHOULD BE REPAID THROUGH BY AN ACCOUNT PAYEE CHEQUE OR MAY BE PAID THOUGH CASH 12000, - TWO PARTS AND,IT IS POSSIBLE FOR ASSESSEE TO TAKE AN UNSECURED LOAN HIS PERSONAL NAME OF RS. 18000,- CASH BY SAME PERSON IT IS VIOTION OF SECTION 269SS OR NOT PLEASE GIVE ANSWER WITH REASON ' BY: AMAR AHUJA No answers yet View Answers | Post Answers |
| 1986 |
Mar. 10 2006 |
LTCG SEC. 54 B & PDC –
(DIRECT TAXES)
Assessee sale the agriculture nd on 1.3.2006 and make the registry the name of the purchaser on the very same day for Rs. 50 cs. He received the cheque of Rs. 10 cs dated 1.3.2006, cheque of Rs. 20 cs dated 1.7.2006 and cheque of Rs. 20 cs dated 1.12.2006. the registry of agriculture nd it has been mentioned that the entire payment has been received by the seller by cheques details of cheque no. and amount has been mentioned the registry but date of cheque has not been mentioned the registry. The dex cost of acquisation to the assessee is Rs. 10 cs. The assessee wants to v entire capital ga purchase of another agriculture nd of Rs. 40 cs hence he wants to deposit under capital ga deposit scheme of the banks. His st date of filg of urn is 31.07.2006. My quion is whether by depositg the amount as and when PDC clears will elegible him for exemption u,s 54 B? ' BY: Mahesh Khandelwal No answers yet View Answers | Post Answers |
| 1988 |
Mar. 10 2006 |
Service Tax on Income Tax scrutiny matter –
(DIRECT TAXES)
I.T scruty matter was contuation the month of Feb,2006. Bill raised the month of March 2006. Our accountg system is actual received. such case whether the service tax will be levied on the same. Please crify whether to raise the bill the month of Feb,2006 or March,2006. ' BY: R C Jain No answers yet View Answers | Post Answers |
| 1989 |
Mar. 10 2006 |
Tax implication on the Non Resident Indian –
(DIRECT TAXES)
1) If the Person is NRI and he has ved the amount Property what will be the Implication of tax liability. Q.2 how much amount can be ved by the NRI and there is some rrictions or not. Q.3 At the time of vment the property RBI approval is compulsory or not. Q.4 At the time of sale amount can be transferred out of dia after makg the payment of tax easily or not. Or is there any rriction to transfer the money. ' BY: R C Jain No answers yet View Answers | Post Answers |
| 1990 |
Mar. 10 2006 |
Due date of the filing of the return and business loss –
(DIRECT TAXES)
1 DUE DATE OF THE FILG OF THE I.T. URN CASE OF PARTNERSHIP FIRM . If the partner is not havg any taxable come like remuneration from the partnership firm & ter on capital , only received the share profit that case what will be the due date of filig of the I.T. urn to the partner. 2.BUSESS ESS If the Assessee is havg earlier year all the Busess Activity like Sales , Purchases and the assessee is havg the ess but the next year the Assessee is not havg any busess activity and curred the that case , Can assessee cimed the Busess ess ? ' BY: R C Jain No answers yet View Answers | Post Answers |
| 1994 |
Mar. 10 2006 |
FBT –
(DIRECT TAXES)
Whether expenses such as petrol and repairs curred on the scooter owned by the employer is also liable for FBT? Whether petrol expenses are covered under cuse of conveyance? ' BY: MOHAN CHOUTHMAL RATHI No answers yet View Answers | Post Answers |
| 1960 |
Mar. 09 2006 |
Cenvat Credit on Service Tax paid on the Goods Transport Operation –
(INDIRECT TAXES)
A company enters to contract for supply of the fished goods with the customers for a price which is clusive of transport charges i.e. price is FOR dation.The Company also pays the transport charges to the transporter. The central excise duty is beg paid on the price of the fished goods which is clusive of transport charges. The company also pays the service tax at the rate of 10.2% on the 25% of the transport charges on the freight amount paid to the transporter Kdly crify the followg:- 1.Whether the service tax ia payable on full amount of the transport charges or on 25% of the freight amount 2.Whether the cenvat credit of service tax is avaible on service tax paid on the transport charges. If not what is the basis not eligible for the cenvat credit ' BY: B D Rangachari No answers yet View Answers | Post Answers |
| 1968 |
Mar. 09 2006 |
service tax on furniture rentals –
(INDIRECT TAXES)
Is there a service tax liability on the Rentg of furniture, equipments etc for office use. Plz note the rentals is not ion to any function. Department is contendg that the same would fall with the meang of Pandal or shamiana contractors services. Kdly crify ' BY: N Balaji No answers yet View Answers | Post Answers |
| 1969 |
Mar. 09 2006 |
Taxability of Leave encashment –
(DIRECT TAXES)
Would like to know the taxability of the leave encashment recd from private sector at the time of resignation. Please provide the case ws support of the decision. ' BY: L Seshadri No answers yet View Answers | Post Answers |
| 1975 |
Mar. 09 2006 |
Deduction U/s. 80P –
(DIRECT TAXES)
• Primary Agricultural Credit Societies and Primary Cooperative Agricultural and Rural Development Banks to contue to be exempt from tax under section 80P of the come Tax Act all other cooperative banks excluded from the scope of that section. With this amendment only Agricultural Credit Societies and Primary Cooperative Agricultural and Rural Development Banks will be eligible for deduction and other credit co-op. societies will not be exempt. Whether all other credit co-operative societies come under taxable net of still they are eligible for deduction U,s. 80P? Kdly sugg. ' BY: MOHAN CHOUTHMAL RATHI No answers yet View Answers | Post Answers |
| 1977 |
Mar. 09 2006 |
FBT –
(DIRECT TAXES)
A company is payg Bus Rent for their staffs travellg from Rence to Pnt location, whether fbt is applicable. ' BY: SURENDRA No answers yet View Answers | Post Answers |
