Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 5481–5500
| Que. Id | Date | Description |
|---|---|---|
| 1818 |
Feb. 25 2006 |
Perquisite of Interest on Advance provided to Employee –
(DIRECT TAXES)
As per rule 3 of come tax Act the ter on advance provided to employee is calcuted as per rates prescribed by State Bank of dia as on 1st day of the revant previos year. Can anybody tell me asto what are the rates of ter for followg loans,advances as on 01-04-2005: Housg loan, Vehicle Loan, Marriage Loan, Personal Loan, Medical Loan. Thanks CA Tik Mocha ' BY: Tilak Minocha No answers yet View Answers | Post Answers |
| 1821 |
Feb. 25 2006 |
Nature of Income & Taxability –
(DIRECT TAXES)
There is come or (of an dividual- saried employee) from jobbg (without delivery)of shares the Stock Exchange Market ( not a derivative or future transaction). Now the quion is whether it is a busess come or short term capital ga liable to 10% come tax. If it is short term capital ga, then please mention the relevant w on the basis which jobbg shares without delivery deemed as Transfer of capital asset, wich is necessary to cover any come under the Capital Ga. V.K Ja ' BY: V.K Jain No answers yet View Answers | Post Answers |
| 1822 |
Feb. 25 2006 |
Prudential ICICI Mutual Funds –
(DIRECT TAXES)
Respected Sir, Please confirm that is there any requirements to be fulfilled by mutual funds so that the vors enjoy tax benefits u,s 80C(2) I have ved Prudential ICICI Systematic vment Pn (Discovery Fund), whether this vment will cover for deduction u,s 80C. Refer also Section 10 (23D). ' BY: Neeraj Gupta No answers yet View Answers | Post Answers |
| 1811 |
Feb. 24 2006 |
Legality of Circulars –
(INDIRECT TAXES)
Please can you provide with t case ws more the case of direct taxes where the supreme court has said that Circurs cannot override the Act. ' BY: Neelesh Bajaj No answers yet View Answers | Post Answers |
| 1812 |
Feb. 24 2006 |
Incorporation of 100% Forign Subsidiary (Pvt Co.) –
(CORPORATE & OTHER LAWS)
A private limited company is to be corporated promoted by a foreign Co. along with 100% FDI commg through Automatic Route under FEMA guideles. All the directors of the subsidiary company will be foreign personnals. My Query is what are the legal requirements to be fulfilled to get the subsidiary company corporated dia and what documents need to be filed for the pupose? Is there any checklist for this? ' BY: Namita No answers yet View Answers | Post Answers |
| 1817 |
Feb. 24 2006 |
deduction u/s 80(P)2(a)i. –
(DIRECT TAXES)
whether ter come, earned by a co-operative bank on its voluntary vments& SLR & CRR vments, is elegible for dedction u,s 80P2(a)i ' BY: santaram nidadavolu No answers yet View Answers | Post Answers |
| 1796 |
Feb. 23 2006 |
what to expect from the budget from steel industrys point of view and reaction to the same –
(MISC.)
hi, i m workg a steel co., i would like to know what should be the expectation of the steel dustry conrg the growth of GDP has been 7 to 8 percentage over the st few years. what the budget might have for this sector the upcomg days so that that the expectation from this sector can be meet. ' BY: amit agarwalla No answers yet View Answers | Post Answers |
| 1800 |
Feb. 23 2006 |
Service tax received from customers on nontaxable items without claims –
(INDIRECT TAXES)
One of my client organisation received service tax from their customers for an non taxable items with out makg the cim. Is it possible for my client to refund the service tax to the customers. or should they have to remit it to the government. Suppose this case if my client remit it to the government is it necessary to clude ST 3 urn which my client filg for some other taxable items.?Please advise ' BY: Aravindakshan No answers yet View Answers | Post Answers |
| 1806 |
Feb. 23 2006 |
Property acquired by the illegeal –
(DIRECT TAXES)
Q . The Assessee is not havg the legal right to acquired the property and the same property has given to the builders and the builder has given the new property as exchange of the property . 1) what will be the tax treatment ? 2) The Builder can acquired this property ? 3) or any other liability can arise . ? Please advise. ' BY: R.C. Jain No answers yet View Answers | Post Answers |
| 1794 |
Feb. 22 2006 |
Loan in foreign currency to be written off –
(CORPORATE & OTHER LAWS)
Respected Sirs, If any renthas given a loan foreign currency to any non rent and if the borrower is not a position to repay the same and the loan given needs to be written off then what course of action is to be taken under FEMA Act,Regutions. Please crify the matter on priority basis as the matter is urgent. plz mention the relevent regutions also. Regards ' BY: Dushyant Chouhan No answers yet View Answers | Post Answers |
| 1797 |
Feb. 22 2006 |
1978 –
(AUDIT)
Thank you Mr. Kanti, It is a company, where jot auditor is appoted. ' BY: Mihir Hindocha No answers yet View Answers | Post Answers |
| 1781 |
Feb. 22 2006 |
Notice u/s 143(2) and u/s 148 –
(DIRECT TAXES)
The AO has issued notice u,s 148. Then a notice u,s 143(2) was issued supersedg the notice u,s 148. The notice u,s 143(2) is time barred and hence not valid. The AO voked sec 148 aga and proceeded with that by askg details. No fresh notice was issued but only a letter askg details. Is this correct? Any case w on this issue. plesae quote ITR reference. ' BY: K George Philip No answers yet View Answers | Post Answers |
| 1782 |
Feb. 22 2006 |
Taxability on conversion of bonds issued by UTI –
(DIRECT TAXES)
Hello members. UTI has converted the units uder Childres Growth Fund issued 1986 to 6.660% Tax Free ARS Bonds 2004. THe ga on such conversion is Rs 36000. Is the amount taxable? IF so, then can dexation be taken? Please guide ' BY: Amit Sharma No answers yet View Answers | Post Answers |
| 1785 |
Feb. 22 2006 |
Articles Stipend Rates –
(COUNCIL DECISION)
I will like to know current rates of stipend for articles ' BY: KIRAN PANDITRAO LAHARE No answers yet View Answers | Post Answers |
| 1786 |
Feb. 22 2006 |
whether noc is required to be obtained from current auditor, if a ca firm is appointed as joint auditor with current auditor –
(AUDIT)
whether noc is required to be obtaed from current auditor, if a ca firm is appoted as jot auditor with current auditor ' BY: Mihir Hindocha No answers yet View Answers | Post Answers |
| 1791 |
Feb. 22 2006 |
service tax –
(INDIRECT TAXES)
a person carrg on tution has gross tution come of rs.401000\- first year and he has no collected service tax with anticipation that his come will not exceed rs.400000\-. that case how much service tax he has to pay? ' BY: ramesh pujara No answers yet View Answers | Post Answers |
| 1763 |
Feb. 21 2006 |
Section 80 C dedeuction from Long Term Capital Gain –
(DIRECT TAXES)
Whether Section 80 C deduction is avaible for Long Term Capital Ga for the A.Y. 2006-07. Suppose a senior citozen is havg the followg come durg the P.Y. 2005-06: come from pension Rs. 1,50,000 Long term capital Ga on sale of House property Rs. 1,00,000 vment PPF Rs. 70,000 What will be the tax liability? ' BY: Abhishek Gupta No answers yet View Answers | Post Answers |
| 1769 |
Feb. 21 2006 |
Taxability of Lon Term Capital Gain –
(DIRECT TAXES)
Hello members, I have a queryMy assessee earned LTCG October 2004 on sale of certa shares. Now the broker did not charge STT on the same. MY quion is, is the assessee liable to LTCG tax? Also if yes, then can the assessee take either 20% (with dexation) or 10% rate, whichever is beneficial to him? Please guide. ' BY: Amit Sharma No answers yet View Answers | Post Answers |
| 1771 |
Feb. 21 2006 |
Audit under Derivatives –
(AUDIT)
My client is dog tradg derivatives on a recognized stock exchane through a broker. But the turnover excedds Rs.40 cs. Pls crify whether Audit is compulsory this case and if yes how will audit be conducted. ' BY: Manish Aggarwal No answers yet View Answers | Post Answers |
| 1773 |
Feb. 21 2006 |
Duty Drawback of excise duties paid on purchase of local goods - process scrap –
(INDIRECT TAXES)
Dear Sir,Madam, My querry es to Duty drawback of excise duties paid on purchases of puts from local manufactuerers under brand rate method As we know drawback can be cimed respect of customs duties paid on puts under customs Act under section 75 read with Customs and Excise Duty drawback Rules, 1995. As far as excise duties are concerned I have the followg querries case of exporter who manufactures exported goods usg all local goods on which excise duties are paid at the purchase pot can he cim drawback respect of such duties? If there is a process scrap durg manufacture what is the extent of duty drawback one can cim? does w provide for this kd of situation. Can one file a sgle application for fixation of brand rate for series of Shippg bills filed durg a particur month? I requ the learned members to throw some light on the above issues g to drawback Thankg you Sunil ' BY: Sunil Kumar Jain No answers yet View Answers | Post Answers |
