Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 5901–5920
| Que. Id | Date | Description |
|---|---|---|
| 282 |
Sep. 18 2005 |
valuation of property by Income tax approved civil engineers –
(DIRECT TAXES)
There was a survey u,s 133 A of the Act. The Assessee had constructed a rential buildg and has already got the valuation report from a cometax approved civil engeer. But the Assessg officer refused to accept the valuation and refers it to the valuation cell. The Valuation officer is adoptg the value as per CPWD Values, ignorg toto the valuation report submitted by the IT Approved civil engeer. Is the assessg officer justified dog so? If yes, what is the value the IT approved engeers report obtaed. What for they have been given approval as IT approved Engeers? ' BY: Balaji V No answers yet View Answers | Post Answers |
| 275 |
Sep. 17 2005 |
Time to take Input credit –
(INDIRECT TAXES)
A Ltd Paid service tax on all bills raised irespective of receivg payment and take creadit on put service when it receive service irespective of payment to vendor, whether this type of practice by A Ltd is acceptable or not. ' BY: Pankaj Kumar No answers yet View Answers | Post Answers |
| 278 |
Sep. 17 2005 |
VAT on Slump sale –
(INDIRECT TAXES)
I requ the opion on the applicability of VAT on the slump sale of assets of a company. ' BY: Aditya Mathur No answers yet View Answers | Post Answers |
| 262 |
Sep. 16 2005 |
CENVAT on Service Tax on GTA –
(INDIRECT TAXES)
Dear all, Whether a manufacturer who is payg the excise duty on the goods manufactured by it cim CENVAT of the service tax paid by him on the outward freight paid on goods transported beyond the pce of removal of the goods. Does it makes any difference whether he is payg the same as consignor as it is company. ' BY: ankur agarwal No answers yet View Answers | Post Answers |
| 265 |
Sep. 16 2005 |
MAT –
(DIRECT TAXES)
Whether provision for deferred tax can be cimed for computation of book profit unser section 115JB of the come Tax Act? ' BY: Asamanja Deb No answers yet View Answers | Post Answers |
| 267 |
Sep. 16 2005 |
DEDUCTION U/S80C –
(DIRECT TAXES)
CAN HUF CIM DEDUTION U,S 80C RESPECT OF VMENT MADE P.P.F AND N.S.C ' BY: ABHINAV AGARWAL No answers yet View Answers | Post Answers |
| 268 |
Sep. 16 2005 |
TDS On contract –
(DIRECT TAXES)
Dear all, One of our client disburses loan to its employees. It has entered to an agreement with a bank that it will pay a fee of 1.25% of loan amount for perusg the loan document on behalf of them. The fee is payable as soon as advise is givenirresmective of, whether loan is sanctioned by our client or not. our client has also entered to agreement with the same bank to provide custody service of origal loan document on annual fee of RS XX per file. Can somebody reply me whether TDS has to deducted on this payment to bank. Whether on both the payment it is required to deduct tax. regards vikesh agrawal ' BY: vikesh agrawal No answers yet View Answers | Post Answers |
| 259 |
Sep. 15 2005 |
Lock in Period for Pre Issue Capital –
(CORPORATE & OTHER LAWS)
A newly corporated company has the wants to issue shares through rights renounciation by directors to friends & ives. The total project cost is Rs. 90 Crores and will be fanced by Rs. 40 Crores Equity and r by Debt. The company pns to go for an IPO August 2006. The IPO iwll be for Rs. 15 Crores. The promoters will brg Rs. 25 Crore of equity along with friends and ives. As per the SEBI Guideles the promoters are required to have m. 25% of post issue capital lock for 3 years. this case it will come to Rs. 10 Crores. The company seeks to raise this excess from friends & ives. My quion is that, will any equity raised now excess of the above Rs. 10 Crore attract LOCK ? If yes, for what period ? Is there any way by which the excess equity brought by friends and ives be freed from LOCK either now or at the time of IPO ? I requ my learned friends to guide me suitably to the ter of the people wantg to v the company. ' BY: KANDARP TRIVEDI No answers yet View Answers | Post Answers |
| 254 |
Sep. 15 2005 |
compensation for breach of contract –
(DIRECT TAXES)
dea sir warehouses were constructed and letout to one company for 10 years and the company breached the contract of agreement and paid huge compensation for breach of contract wheter the compensation is come from house property or from other sources or a capital receipt not attractg the tax ' BY: hathibelgal radha swamy No answers yet View Answers | Post Answers |
| 248 |
Sep. 14 2005 |
TDS on AMC for computer. –
(DIRECT TAXES)
Whether TDS on Payment for AMC of computer is covered under 194I or 194J? ' BY: Mantosh Kumar No answers yet View Answers | Post Answers |
| 249 |
Sep. 14 2005 |
MAT on long term capital gains earned by (P) Ltd. Co. –
(DIRECT TAXES)
A (P) Ltd. Co. not started its commercial production, havg only nd as its fixed assets , sold part of its nd & earned long term capital ga. Please crify whether the long term capital ga will attract the provisions of MAT ? There is no profit & a,c prepared till the date of sale of nd as the company has not started any commercial operations. ' BY: Yadhu Kul Bhushan No answers yet View Answers | Post Answers |
| 242 |
Sep. 13 2005 |
TDS on Shipping Companies (Non-resident) –
(DIRECT TAXES)
With reference to my earlier query no. 163 what would be the position, if a third party pays ocean freight on behalf of the client & client ter on reimburses that third party ? Will the payment to third party be subject to TDS ? If yes, under which section ? ' BY: Munish Kumar No answers yet View Answers | Post Answers |
| 243 |
Sep. 13 2005 |
service tax for turnover below Rs. 4 lacs –
(INDIRECT TAXES)
case of C.A. Firm, Turnover for the year 2004-05 is below 4 cs, st registration no. has not been surrendered.whether st urn for the half year ended to be filed compulsory. if,yes whether fees amount and other detais is to be written or not. ' BY: manoj No answers yet View Answers | Post Answers |
| 244 |
Sep. 13 2005 |
CORPUS FUND –
(DIRECT TAXES)
IS CORPUS FUND CREATION WILL BE MANDATORY FOR SOCIETY, IF BYE WS DOES NOT PROVIDE FOR ANY MEMBERSHIP FEES ETC ' BY: MANOJ No answers yet View Answers | Post Answers |
| 228 |
Sep. 12 2005 |
WHAT IS BUSINESS –
(DIRECT TAXES)
A firm is trader goods and also givg loans and thus havg ter come also. Whether this ter come is busess come or Other sources come? Firm is givg loans regurly to various persons on short term basis. How to prove that it is dog money lendg busess? ' BY: vivek chatter No answers yet View Answers | Post Answers |
| 229 |
Sep. 12 2005 |
SERVICE TAX ON PROCURING ORDERS FOR SUPPLY OF MACHINERY FROM OUTSIDE INDIA –
(INDIRECT TAXES)
if one person receives payments from foreign companies for procurg, processg and sendg of s to out dia from dian Auto ompanies to supply macheries for settg up pnts dia, is payments received by the said person foreign currency dia from the foreign company liable to service tax. ' BY: RISHI BANSAL No answers yet View Answers | Post Answers |
| 230 |
Sep. 12 2005 |
TDS On Professional Fees –
(DIRECT TAXES)
If CA has done an audit and he is mata books on cash basis,client has made provision for TDS,so when can CA cim for it?? ' BY: Ujwal Navsarikar No answers yet View Answers | Post Answers |
| 231 |
Sep. 12 2005 |
Tax Liability in case of Accidental Insurance Claim Receipts –
(DIRECT TAXES)
An dividual cimed compensation for juries suffered by him a road accident( year 2002-03) from third party surance company. MACT Court awarded him relief FY 2005-06. Kdly advise whether the compensation amount is taxable the hands of dividual. If exempt, under which provisions of the Act? ' BY: DV Gupta No answers yet View Answers | Post Answers |
| 217 |
Sep. 11 2005 |
TAX AUDIT –
(DIRECT TAXES)
WHETHER TAX AUDIT IS REQUIRED FOR ALL PROFESSION WHOSE TURNOVER EXCEED RS. 10 CS. ' BY: VIPUL BARANWAL No answers yet View Answers | Post Answers |
| 203 |
Sep. 10 2005 |
SERVICE TAX –
(INDIRECT TAXES)
Does service provided the state of J & K by a firm registred Punjab liable to service tax ' BY: PANKAJ KUMAR GOYAL No answers yet View Answers | Post Answers |
