Sebi offers a way over FPI tax rule hurdle
You can add further comments to your query by clicking on "Add Comment".
This link will appear only, if you are logged-in with your user id and password. The same will appear as
"Querist Comment" on the Forum.
Click here to Post your Query >>5987 unanswered question(s) — Showing 5801–5820
| Que. Id | Date | Description |
|---|---|---|
| 664 |
Oct. 22 2005 |
Security Transaction Tax –
(DIRECT TAXES)
Whether a stock broker assessee dealg on its own behalf can cim the STT paid as an expense & also as rebate U,s 88E ' BY: Yadhu Kul Bhushan No answers yet View Answers | Post Answers |
| 665 |
Oct. 22 2005 |
SHARE APPLICATION MONEY CASH COMPANY LAW –
(DIRECT TAXES)
Dear Members There is a recent jharkhand high court judgement that share application money cannot be received cash as 269 applies to it. But as per companies act , a compnay has to have 1,00000 paid up capital on day of formation. How is it possible to have a bank a,c etc on same day for a company. Obviously book entries need to be cash! Can any one crify how we can satisfy both the Acts Regards Raghu ' BY: Raghu No answers yet View Answers | Post Answers |
| 643 |
Oct. 21 2005 |
Depriciation on T.V. or Refregirator in the name of partner –
(DIRECT TAXES)
If a fixed asset like T.V. or Refregirator is on the name of partner and is beg used the busess moreover payment is also made by the personal bank account of partners but is adjusted the books of firm as capital addition by partner however only thg is that the bill is the name of partner whether depreciation on the same can be cimed ? Note that the T.V. or Refregrator can be used the office of the firm. ' BY: Vinay Kumar Jain No answers yet View Answers | Post Answers |
| 644 |
Oct. 21 2005 |
Service Tax Registration –
(INDIRECT TAXES)
Can I apply for Voluntary Registration under Service Tax without havg any Tax Liability? ' BY: Chandra Prakash Agrawal No answers yet View Answers | Post Answers |
| 638 |
Oct. 20 2005 |
GIFT –
(DIRECT TAXES)
1 )Is there any limit for an NRI to gift to Rent dian havg blood ion ? ex son sendg gift to father & mother. 2) What is the procedural requirements to be completed ? ' BY: Sumit Agarwal No answers yet View Answers | Post Answers |
| 639 |
Oct. 20 2005 |
40 A(3) Payments . –
(DIRECT TAXES)
Sir, A Proprietory concern is dealer Fancy Goods purchasg goods from mumbai , Delhi etc., on credit. He has directly deposited cash their bank account from his pce. Will that voite the 40 A(3) Provisions. Please crify with your expertise. ThankYou, Ashok ' BY: Ashok Jain No answers yet View Answers | Post Answers |
| 641 |
Oct. 20 2005 |
Disallowance u/s 40(a) (ia) –
(INDIRECT TAXES)
what shall be the come tax remady where a person havg worth of Rs 5 cs obta Contract of Rs. 1.10 crore with the help of borrowd capital and sub-let the work of 80 cs to five different persons and made payment without makg deduction of TDS U,s 194C , if 80 cs is added his come U,s 40(a)(ia) where will he stand ' BY: asok Gupta No answers yet View Answers | Post Answers |
| 623 |
Oct. 19 2005 |
Depriciation on car of partner –
(DIRECT TAXES)
If a car is on the name of partner and is beg used the busess moreover payment is also made by the firm but only thg is that the car is registered by partners name whether depreciation on the same can be cimed or its registree should be changed before cimg depreciation ' BY: Vinay Kumar Jain No answers yet View Answers | Post Answers |
| 626 |
Oct. 19 2005 |
HUF FILE –
(DIRECT TAXES)
HOW TO OPEN A HUF FILE ? WHAT ARE THE TYPES OF COME A HUF CAN SHOW ? ' BY: SUMIT AGARWAL No answers yet View Answers | Post Answers |
| 610 |
Oct. 18 2005 |
taxability of unsecured loan –
(DIRECT TAXES)
what about taxability ,if unsecued loan not paid and credited to proprietors capital account? any specific provision regardg taxation ? ' BY: neelesh nema No answers yet View Answers | Post Answers |
| 611 |
Oct. 18 2005 |
Taxability arising from the transaction in the nature of exchange. –
(DIRECT TAXES)
Respected sir, My client trades real ate like vacant and plots buildgs He entered to the agreement that, he will exchange his vacant plot for 10 shops constructed on that plot by the developer. We have formal registered sale deed ( kharedi khat ) of this transaction. For stamp duty purpoes govt. valuation of the plot is 26 khs & of shops is 27 khs and for book keepg purpose we recorded that vacant plot is sold for 22 khs beg market value of shops .So our book shows profit of 22-14 =8 where 14 beg our purchase price of vacant plot. How the transaction will be taxed for come tax purpose. I want to know the tax liability arisg there from ' BY: yatish p. suratwala No answers yet View Answers | Post Answers |
| 615 |
Oct. 18 2005 |
publication of subsidiary company accounts –
(CORPORATE & OTHER LAWS)
As per Section 212 of Companies Act, a holdg company should publish a copy of the subsidiary companys accounts alongwith annual accounts. case of a wholly owned subsidiary company, is it suffcient compliance if the accounts of the subsidiary company are reported the currency of the country of corporation or is it necessary to publish the same dian ruppees also. The consolidated accounts are beg published dian rupees. ' BY: Pranesh Raj Mathur No answers yet View Answers | Post Answers |
| 616 |
Oct. 18 2005 |
Audit of Organisor –
(AUDIT)
One of my clet is engaged the busess of purchasg the nd & there after constructg shops & rents for sale. And at the end of 1st year of his work, there is WIP of total amt. expanded & no sales at all, but is it possible to compute Gross Profit on the base of WIP, & complete the full audit on the base of WIP, GP based on WIP, & Net Profit of the same. Please advise. ' BY: Nikesh Champak lal Majithia No answers yet View Answers | Post Answers |
| 595 |
Oct. 17 2005 |
Recovery Proceedings as per Schedule II –
(DIRECT TAXES)
Recovery ed to Assessment year 1986-87 on A. A died 1988 and the busess taken over by As elder brother. Elder brother also died. Now the recovery , demand notice served on As Son the year 2005 with tax ter and penalty under Sec 222. Quion: Is there any limitation period applicable on recovery proceedgs Is the notice served on son (legal representative)ed to assessment year 1986-87 (at the time of death of the father he was mor) the year 2005 is valid Is there any waiver provisons avaible for tax ter and penalty ' BY: Prasad P.V. No answers yet View Answers | Post Answers |
| 597 |
Oct. 17 2005 |
service tax –
(INDIRECT TAXES)
whether service is liable to be paid by the recognised stitute ( or coachg centre) ( recognised by sikkim manipal university)on its short term computer courses addition to recognised degree courses ( B.com, MBA etc.) which are provided by the stitute. For degree courses the stitute is collectg fees from the students on University name, whereas for its own computer courses it is directly collectg the fees. ' BY: prabhakararao botu No answers yet View Answers | Post Answers |
| 600 |
Oct. 17 2005 |
significance of tax audit report in particular circumstances –
(DIRECT TAXES)
A chartered accountant viotion of the code of conduct signs 50 tax audit reports. He has issued tax audit certificates for the first 30 cases. The Assessg officer wants a certificate for one of the reports which is excess of the limit. The Member refuses to give the certificate to the client. Whether the Assessg officer can levy penalty treatg the case as if no tax audit has been conducted ? What is the significance of such tax audit report signed by a member excess of the specified limit (of 30) under the come tax Act 1961..? such a case it should be presumed that the stitute has removed the name of the member afterwards on a compt beg filed by the client. ' BY: shailesh chawra No answers yet View Answers | Post Answers |
| 602 |
Oct. 17 2005 |
tax liability of Zero Coupon Bonds –
(DIRECT TAXES)
Whether case of a search proceedgs zero coupon bonds to the value of Rs.25 cs found with the assessee be treated as his come ? Whether the basic exemption limit of Rs. 20cs shall be deducted from the above. ' BY: shaileshchawra No answers yet View Answers | Post Answers |
| 603 |
Oct. 17 2005 |
add more services to my existing service tax registration –
(INDIRECT TAXES)
Sir, How can I add more services to an existg service tax registration which covers only consultancy services. Do i have to apply for a new no. for each service or can they be added my existg registration itself ? ' BY: namita No answers yet View Answers | Post Answers |
| 606 |
Oct. 17 2005 |
NOC from Tax Auditor –
(AUDIT)
A proprietory concnern was reconstituted as partnership firm wef 22,9,04. As it requires two tax audit one for proprietory concern and another for partnership firm beg different assessee. Whether a tax auditor of partnerhsip firm has to obta NOC from tax auditor of proprietory firm if the auditors are different for two firms. ' BY: TUSHAR J. TRIVEDI No answers yet View Answers | Post Answers |
| 589 |
Oct. 16 2005 |
Revised Return –
(DIRECT TAXES)
sir can the tds urn for the year 2004-05 be revised without ter and penalty.what is the time limit. ' BY: Prakash Chand Khandelia No answers yet View Answers | Post Answers |
