Sebi offers a way over FPI tax rule hurdle
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| Que. Id | Date | Description |
|---|---|---|
| 1263 |
Jan. 05 2006 |
For FY 2005-05 Profit or Loss Equity Stock Options Contracts listed on NSE & BSE –
(DIRECT TAXES)
For the FY 2005-05 Profit or on sale or purchase of Equity Stock Options Contracts listed on NSE & BSE is conred as STCG or specutions ga or . ' BY: Prashant No answers yet View Answers | Post Answers |
| 1264 |
Jan. 05 2006 |
1392 –
(DIRECT TAXES)
Thank You Anurag for your answer. I agree that the net conration is to be ved. Please refer to the dates that I have mentioned. My quion is whether the ved amount which lies partially unutilised one year is eligible the next year (the criteria of one year before is met). I hope u can get my pot. Please give ur no. so that i can exp u detail. thanks once aga ' BY: BRIJESH PODDAR No answers yet View Answers | Post Answers |
| 1267 |
Jan. 05 2006 |
Capital Gains –
(DIRECT TAXES)
One of my client purchased a rential plot for Rs.2.5 cs August 2004 now he has an offer of sale of same plot which will brg him Rs.29 cs as net sale conration,he wants to purchase another plot for Rs.36 cs(to be paid 6 stalments over two years period)What should he do to avoid Capital Gas Tax? ' BY: anju sharma No answers yet View Answers | Post Answers |
| 1271 |
Jan. 05 2006 |
Long Term Capital Gains –
(DIRECT TAXES)
If a listed security on the stock exchange is not beg traded at the exchange by virtue of the scrip beg barred from tradg on the exchange by the regutory authority, and the scrip is sold off the market (i.e. not through the exchange), will it attract capital gas @10% under proviso to sec 112 (1) or will it be taxed at a ft rate of 20% u,s 112(1)? ' BY: K Praveen Shenoy No answers yet View Answers | Post Answers |
| 1242 |
Jan. 04 2006 |
Pay per click services - Services tax –
(INDIRECT TAXES)
Hi all, The services of managg pay per click program management ed to ternet marketg are full operation dia now. would like to knw the entire activity flow for provifg this kd of services and the implication of service tax on the same. ' BY: Sunil Kumar Jain No answers yet View Answers | Post Answers |
| 1245 |
Jan. 04 2006 |
1387 –
(INDIRECT TAXES)
Dear Mr Hiregange, Thanks for your early reply. will get back to you if I have any other query. ' BY: namita No answers yet View Answers | Post Answers |
| 1247 |
Jan. 04 2006 |
Cenvat on Corier Charges –
(INDIRECT TAXES)
We are despatchg the fished goods from Factory to various customers across the country through Freight Forwarder ( Courier like Geologistics, Safex, Gati, Blue Dart etc) and they charge service tax on their monthly bills. No dividual consignment note is beg issued by Freight Forwarder. My quion is whether we can cim CENVAT credit of the service tax paid on despatch of goods from factory. ' BY: Rajesh Kumar No answers yet View Answers | Post Answers |
| 1248 |
Jan. 04 2006 |
Deduction of Notice Period Salary Paid by Employee –
(DIRECT TAXES)
Most of the employment conditions require an employee who desires to change his job, to give his employer a notice of his tentions and serve him for certa pre-fixed months. case he desires to leave the services immediately or before the notice period, he should pay the employer an amount equivalent to the sary he would have earned durg the notice period or shortfall thereof. Is this amount deductible from the sary come of the employee? Please cite some of relevant case ws, if possible. ' BY: Vivek Kumar Jain No answers yet View Answers | Post Answers |
| 1251 |
Jan. 04 2006 |
Depreciation on Assets taken on lease –
(DIRECT TAXES)
Date : 04,01,2006 DEPRECIATION ON ASSETS TAKEN ON LEASE : Q. If the Assessee has taken the assets on lease and the Lessor has not cimed the depreciation on the Assets which has been given by him on lease that case the Lessee can cimed the Depreciation u,s.32, what will be the cost of the assets for providg depreciation .and which rate will be apply to cimed the Depreciation . If the lessee is cmg lease rental as expenses agast the revenue that case he can also cimed the Depreciation. Because as per my view that the Assessee can cimed the only one deductions either the assessee can cimed the Depreciation or can cimed the lease rental charges or If there is any provisions to cimed the Depreciation as well as lease rental charges please crify and also provide any recent judgement if any . ' BY: R.C. Jain No answers yet View Answers | Post Answers |
| 1252 |
Jan. 04 2006 |
SERVICE TAX ON TOUR OPERATORS –
(INDIRECT TAXES)
SIR, HOW IS THE OF 60% ABATEMENT APPLICABLE TO TOUR OPERATOR AND HOW R THEY SUPPOSED TO BILL THEIR CLIENTS REGARDS ARCHANA ' BY: ARCHANA YADAV No answers yet View Answers | Post Answers |
| 1254 |
Jan. 04 2006 |
Long Term Capital Gain –
(DIRECT TAXES)
A Limited Company has acquired nd the year 1990 for rs.1,00,000,. After its split up as Company A and Company B, New limited company B has purchased the nd from old Company A the year 1996 for Rs.11,00,000,- plus improvement cost Rs.3,00,000,- Now the year 2005 ( month April , 2005), Company B has sold the nd to a Petrolium Company for buildg Petrol Pump for Rs.75,00,000,. What is the amount of long term capital ga. How Long term capital can be saved, Whether by vg to further Purchase of nd for dustrial use, or Whether vment Machery can be done . What is the amount which can be ved whether total conration received or only long term ga. ' BY: Lalitranjan Maurya No answers yet View Answers | Post Answers |
| 1233 |
Jan. 03 2006 |
Works Contract –
(MISC.)
company who deals erection, staltion and commissiong of fire fightg equipments i.e under works contract which he use to supply goods along with their erection, staltion and commissiong , when this co eligible for central sales tax registration and also whether sales of two firms belong to same person merged together ' BY: RADHIKA GUPTA No answers yet View Answers | Post Answers |
| 1239 |
Jan. 03 2006 |
CAPITAL GAIN –
(DIRECT TAXES)
MR X PURCHASE A HOUSE PROPERTY 1978 FOR RS. 00,-(VALUE OF 1981 RS, 100000,-) MR X DIED ON 1989 AND PROPERTY HAS TRANSFERED TO HIS THREE SONS MR A, MR B AND MR C. 1995 MR C DIED AND PROPERTY TRANSFER TO MR A AND MR B (M V OF PROPERTY 000,-) 2001 MR B DIED AND PROPERTY TRANSFER TO MR Bs SONS (MR O AND MR. P)(M V OF PROPERTY 1000000,-). NOW MR A AND MR O AND P SELL THIS PROPERTY RS, 1000,-. WHAT WILL THE THE TAX IMPLICATION AND PROCEDURE OF TAX CALCUTION. ' BY: PIYUSH KAPOOR No answers yet View Answers | Post Answers |
| 1225 |
Jan. 02 2006 |
Capital gains on transfer of Immovable property to a newly formed company –
(DIRECT TAXES)
X & Y own 11 acres of prime property which they transferred to a Company newly formed by them which they are offered cumitivly 51% of the equity of the new company lieu of conration of sale of nd. Is the difference beetween the cost of aquistion of the nd by X & Y & conration offered Shares (FV Rs 10) liable to capital gas tax. The asset is a long term asset. What would be the posistion if the nd was given to the Company on a 99 year lease for which the Company pays the same sum the form of Equity (51%) as a one time payment ' BY: Robin Joseph No answers yet View Answers | Post Answers |
| 1215 |
Dec. 31 2005 |
TDS –
(DIRECT TAXES)
Whether Tax needs to be Deducted U,S 194C on the re-imbursement portion,if a job worker discloses re-imbursement amounts and the service charges separately his bill and also supports the re-imbursement with his actual purchase bills.Whether the answer would also be same for Sec 194J. ' BY: Debdatta Bandyopadhyay No answers yet View Answers | Post Answers |
| 1216 |
Dec. 31 2005 |
INVESTMENT U/S 54 FOR SAVING TAX ON LONG TERM CAPITAL GAIN ON SALE OF COMMERCIAL PROPERTY –
(DIRECT TAXES)
I have commercial property which is a long term capital asset of me & now I have sold the same on which LTCG has arisen.Now I want to v the same to Long Term Capital Asset to save the same. Can I purchase rential house to save the Capital ga & if yes, I propose to consturct the rential hosue with next two to three years. but will i be required to give any undertakg to the IT deptt for the same or will I be forced to keep the amount any special capital ga account scheme bank account or I will be required to do anythg else. Plese clearify ' BY: Mandeep Singh No answers yet View Answers | Post Answers |
| 1220 |
Dec. 31 2005 |
procedure for obtaining manufacturing licence for aurvedic oil –
(MISC.)
please tell me where is the office of gettg manufacturg licence and what formalities require to be fullfilled. ' BY: GOVIND NARAYAN SRIVASTAVA No answers yet View Answers | Post Answers |
| 1203 |
Dec. 30 2005 |
Latest Amendment to DVAT Rules after may 2005 –
(INDIRECT TAXES)
from where can i get the amendment made to DVAT Rules after may 2005 ' BY: Manish Gupta No answers yet View Answers | Post Answers |
| 1204 |
Dec. 30 2005 |
service tax cenvat matter for telecom sector –
(MISC.)
what are the records required to be mataed by telecom sector companies for availg cenvat credit and what are the nature of items covered for cenvat credit purpose by the telecom sector ' BY: pawan gupta No answers yet View Answers | Post Answers |
| 1189 |
Dec. 29 2005 |
ALLOWABILITY OF SALARY AND INTEREST TO PARTNERS AFTER DECLARING 5% NET PROFIT ON TIURNOVER –
(DIRECT TAXES)
MY CLIENT HAS DECRED 5% PROFIT ON TOTAL RECEPIT . AFTER THAT HE IS REDUCG THE SARY AND TER ON CAPITAL TO PARTNERS.BUT THE DEPARTMENT IS NOT AGREEG TO THAT AND THEY HAVE TAKEN THE CASE FOR COMPULSORY SCRUTY .ARE THERE ANY CASE WS TO SUPPORT MY PLEA THAT THA PARTNETS SALRY AND TER TO BE ALLOWED AFTER 5% PROFIT ON RECEIPTS ' BY: PUNITA BHATIA No answers yet View Answers | Post Answers |
