Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 5581–5600
| Que. Id | Date | Description |
|---|---|---|
| 1482 |
Jan. 27 2006 |
Service Tax Registration –
(INDIRECT TAXES)
sir, If durg the first year of operation the value of taxable service rendered is less then Rs 3.00 khs then do we need to have the registration number. ' BY: kalpesh No answers yet View Answers | Post Answers |
| 1484 |
Jan. 27 2006 |
Gift from foreign source –
(FINANCIAL MANAGEMENT)
Is there any rriction on takg GIFT from foreign source. ' BY: Arupratan Ray No answers yet View Answers | Post Answers |
| 1464 |
Jan. 26 2006 |
Service Tax on Residential Complex –
(INDIRECT TAXES)
Colobration agreement between owner and builder. Builder will construct the complex and will handover 50% of the ft to owner. How is liable for service tax whether builder or owner, and how the value on which service tax to be paid to be worked out ? ' BY: rkdhandia No answers yet View Answers | Post Answers |
| 1466 |
Jan. 26 2006 |
Service tax credit for telephone bill –
(INDIRECT TAXES)
Can a private limited co. dog travel agent busess cim credit for service tax paid on Telephone Bills ? if yes any percentage is allowed or 100% ? Mohamed Shafi mashafica@yahoo.co. ' BY: Mohamed Shafi No answers yet View Answers | Post Answers |
| 1467 |
Jan. 26 2006 |
Charitable Inst. - committee member drawing remuneration –
(AUDIT)
one of the Mosques, the part time accountant becomes one of the committee members and is contug the position of accountant and draws remuneration and it is shown as honorarium. Is it proper to qualify the audit report ? Mosques are governed by The Wakf Act and S.64 (g )and (h) states: The board may remove a Muthawalli if... 64 (g.) has failed ........to matas accounts..... 64 (h): is tered , directly or directly ......, any work beg done for the wakf.... (Muthawalli is the chief officer of any wakf cludg mosque and as per the said Act Muthawalli cludes any person committe ..) Muthawalli argues that maag of acccounts is referred to 64 (g) therefore any work referred to S. 64 (h) can not clude accountg work and hence it is not right on the part of the auditor to qualify the report. I need crification. Mohamed Shafi mashafica@yahoo.co. ' BY: Mohamed Shafi No answers yet View Answers | Post Answers |
| 1468 |
Jan. 26 2006 |
Deduction u/s 80 C –
(DIRECT TAXES)
Can I cim deduction for registration , stamp duty charges under section 80 C along with the prcipal amt paid to fancial stuition for previous year ' BY: Dharmesh No answers yet View Answers | Post Answers |
| 1471 |
Jan. 26 2006 |
TAX ON F&O –
(DIRECT TAXES)
Dear Sir, the fancial year 2005-06 if there is followg transaction have been entered: Bussess come: Share Delivery bussess Profit 300000 F&O -100000 STT paid on share delivery 2000 STT paid on F&O 7000 What is the amount of tax and rebate u,s 88E for STT ' BY: MEHTA JAYSUKHLAL THAKARSHI No answers yet View Answers | Post Answers |
| 1451 |
Jan. 25 2006 |
whether expenses allowed when TDS deducted by group company. –
(DIRECT TAXES)
expenditure is booked company A and eligible tds paid to the govt. subsequently 75% of the expenditure allocate to the group company B. Whether expenses booked company B is deductible? ' BY: bharat jhawar No answers yet View Answers | Post Answers |
| 1454 |
Jan. 25 2006 |
Is Reimbursement of Medical Expenses to employees liable for FBT? –
(DIRECT TAXES)
Is Reimbursement of Medical Expenses paid upto Rs. 15,000,- (which are exempt the hands of employee)liable for FBT the hands of employer? If these are ible for FBT, What is the base % for calcution of FBT. ' BY: Nageswara Rao No answers yet View Answers | Post Answers |
| 1457 |
Jan. 25 2006 |
Whether commission recd. from abroad is liable to service tax –
(INDIRECT TAXES)
If a person dia receives comission from a person abroad for procurg s dia for the person,would he be liable to service tax? ' BY: HARI KRISHNAN DURAISWAMI No answers yet View Answers | Post Answers |
| 1441 |
Jan. 24 2006 |
TDS - Directors salary –
(DIRECT TAXES)
A pvt. Ltd company has not deducted TDS for the sary paid to directors as it was with the taxable limit. Now the co. wants to crease the sary of the directors the month of Jan.06 with rrospective effect from April 05. Can it do so and deduct the TDS durg Jan. 06. What are the penal provisions for not filg Quarterly urn of TDS ? Mohamed Shafi mashafica@yahoo.co. ' BY: Mohamed Shafi No answers yet View Answers | Post Answers |
| 1448 |
Jan. 24 2006 |
fringe benefit tax –
(DIRECT TAXES)
are helper allowances covered under frge benefit tax? ' BY: nitika sharma No answers yet View Answers | Post Answers |
| 1426 |
Jan. 23 2006 |
Financial Reports from Insurance companies under IRDA Act and Banks? –
(CORPORATE & OTHER LAWS)
Why should we use seperate forms for reportg fancial status of an surance company and Banks? Why cant we report as per Schedue VI of Companies Act-1956? ' BY: Guruprasad No answers yet View Answers | Post Answers |
| 1427 |
Jan. 23 2006 |
TDS on work contractors –
(DIRECT TAXES)
Dear Sir, A company X Ltd, was providg food and beverages durg office hours to its employees, at subsidised rates. The company has entered to an agreement with a hotelier, for provision of food office premises. The hotelier is registered as a TOT dealer under (AP VAT Act). The payment to the hotelier is by recovery from the employees and the lumsum payment (as subsidy as per the agreement entered). Quion is, thus for the above payements, whether TDS U,S 194C is deductable. We have d the act, Section 194C prescribes for caterers TDS is to be deducted as work contract, if deductable, is it on the gross amount cludg the purchases made by the caterer for preparation of food, or for the services rendered ' BY: Naishadam Chandrashekar No answers yet View Answers | Post Answers |
| 1430 |
Jan. 23 2006 |
TDS on Reimbursements –
(DIRECT TAXES)
Is TDS under section 194J liable to be deducted on reimbursements cimed from client for which a seperate voice has been raised and actual bills are beg submitted? Please give the relevant legal provisions. ' BY: Venkat Parasuraman No answers yet View Answers | Post Answers |
| 1432 |
Jan. 23 2006 |
Interest on capital –
(DIRECT TAXES)
If ter on capital of partner calcuted on the openg bance of the capital A,c, can be disallowed? Is there any case w favour of assessee? ' BY: SHITAL VIPUL VYAS No answers yet View Answers | Post Answers |
| 1434 |
Jan. 23 2006 |
Service tax on transport services. –
(INDIRECT TAXES)
One of our clients is manufacturer of films and packagg rials has availed the abatement scheme service tax payment on transport services availed by it. Company is also takg credit of the service tax paid on other services like Audit fees etc. from service tax payable on transport service. My quion is whether our client can take the credit even if it is availg the abatement scheme. ' BY: vikesh agrawal No answers yet View Answers | Post Answers |
| 1438 |
Jan. 23 2006 |
BANK AUDIT –
(COUNCIL DECISION)
i am practicg as propreitor and have applied for bank audit name of proprietorship firm. now i wish to enter to partnership with other ca members but want to apply bank statutory audit empanelment the name of proprietorship firm only not the name of partnership firm, however all other audits like,concurrent, revenue etc audit of banks will be applied for empanelment the name of partnership firm. kdly let me know whether it is allowed or not. ' BY: vidya garg No answers yet View Answers | Post Answers |
| 1424 |
Jan. 22 2006 |
DEDUCTION U/S 80 P - COOP BANKING –
(DIRECT TAXES)
Whether a Cooperative Society [ Cooperative Bank]can cim deduction u,s 80P repect of addittions made u,s 43B of the come Tax Act. ' BY: S.RAMESHKUMAR No answers yet View Answers | Post Answers |
| 1425 |
Jan. 22 2006 |
Income from House Property –
(DIRECT TAXES)
one of the pre condition for cimg exeption u,s 54F is the assessee should not own more than one rential property. Does it mean that the assessee can actually own two rential property? one already existg and the one to be acquired out of the proceeds of asset transfered? ' BY: ashok No answers yet View Answers | Post Answers |
