Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5986 unanswered question(s) — Showing 1941–1960
| Que. Id | Date | Description |
|---|---|---|
| 18041 |
Oct. 10 2016 |
icai knowledge capsule –
(IMPORTANT NEWS)
How do I subscribe to daily knowledge capsule published by PDICAI. I HAVE MAILED TO SUGGESTIONS@PDICAI.ORG HOWEVER NO RESPONSE. KINDLY HELP. BY: CA. DESHPANDE RATNA SHRIPAD No answers yet View Answers | Post Answers |
| 18028 |
Sep. 20 2016 |
Definition of Business –
(INDIRECT TAXES)
Kindly provide an example of the following business 2(17)(g) Services supplied by a person as the holder of any office which has been accepted by him in the course of furtherance of his trade, profession or vocation BY: Anshuman A S No answers yet View Answers | Post Answers |
| 18023 |
Sep. 19 2016 |
CAPITAL RECEIPT OR REVENUE RECEIPT –
(DIRECT TAXES)
In the case of a charitable society registered under karanataka societies Act 1960 , which is not approved us 12A of The Income Tax Act,1961, if received Building fund from public for the construction of temple ,whether the fund is capital receipt or revenue receipt . The assessee opted to assess as A.O.P. since not registered us 12A. BY: MAHADEO VIRUPAX WALI No answers yet View Answers | Post Answers |
| 18026 |
Sep. 19 2016 |
143(3) VIS A VIS 144 –
(DIRECT TAXES)
WHETHER A.O CAN PASS AN EX-PARTE ORDER US 143(3) OR IT HAS TO BE PASSED US 144 ONLY. KINDLY GIVE CASE LAW , IF AVAILABLE. BY: SUNIL KUMAR KHANNA No answers yet View Answers | Post Answers |
| 18019 |
Sep. 17 2016 |
Money Changer –
(INDIRECT TAXES)
Rule 8 of Model GST Valuation Rules If NEITHER of the currencies exchanged is Indian Rupees AND the RBI reference is not available, then how to arrive at the value ? BY: Anshuman A S No answers yet View Answers | Post Answers |
| 18008 |
Sep. 05 2016 |
Recovery from Society. –
(Service Tax)
Departmental adjudication has been done, demand and panelty of Rs. 70 lacs raised on society. Society is having assets of aprox. Rs. 2.50 lacs only. How the demand will be recovered? If members close wind up the society than what will happen? can any office bearer be held personally liable to pay the demand ? BY: RAM KUMAR SARASWAT No answers yet View Answers | Post Answers |
| 17996 |
Aug. 26 2016 |
Manpower supply or not? –
(Service Tax)
A manufacturing company. There is a repair work to be done. The company approached a business entity (sole proprietor say Raghu) who has knowledge in this work. A Part (not whole) of this repair work needs technical knowledge, which company don t have. Business entity sent some 20 manpower (Some are his permanent employees, some not). All these 20 people does that repair work. They worked under the supervision of Service provider and Service Receiver also. Both Service provider and service receiver supervised the work. Whether this service be treated as manpower supply recruitement service? Who has to pay service tax – Service Provider has to charge in his bill or Service receiver has to pay under RCM basis? BY: Sivaraman.A.R No answers yet View Answers | Post Answers |
| 17976 |
Aug. 10 2016 |
NRI. Deposits in NRE account –
(DIRECT TAXES)
Is there any cap on the maximum amount of deposit that an NRI can hold in NRE account with any Indian Bank, in any financial year. Is there any maximum limit that can b transferred to the NRE deposit in a single tranche. Pl explain the taxability of the interest in the USA after the same has sufferred tax in India. Is there any taxation apart from the capitalgains tax when an NRI sells any residential property acquiredby himher when the sale proceeds are repatriated to the country of residence after paying the CG tax. BY: Natarajan Janardhanan No answers yet View Answers | Post Answers |
| 17975 |
Aug. 08 2016 |
SHARE TRANSFER –
(Companies Act, 2013)
A Small Pvt. Ltd. Company transferred shares from its Shareholders to in the name of Directors. What necessary form is required to be submitted with ROC in this regard? What are the disclosure is required to be made in the Annual return. BY: SURAJ KUMAR CHOUDHURY No answers yet View Answers | Post Answers |
| 17971 |
Aug. 06 2016 |
Service Tax and Partial Reverse charge –
(Service Tax)
Can a service provider ,(contractor doing finishing works of painting providing material) charge 50 of service tax after abatement in his bill to a Private Limited co The company pays 50 after abatement. BY: SANKUNNI P T No answers yet View Answers | Post Answers |
| 17970 |
Aug. 05 2016 |
Investment out of exempt income. –
(Income From Salary)
Non resident person employed in shipping company had earned exempt income in previous 25 years. As their income was exempt in India, they had neither paid tax in India nor filed any return so far. In the mean time they had purchased some immovable properties and investment in the name of spouse out of the said exempt income. Now spouse is earning the income from the said property and investment. How the same would be taxed and in whose hand. BY: SURAJ KUMAR CHOUDHURY No answers yet View Answers | Post Answers |
| 17960 |
Jul. 27 2016 |
CENVAT TO TOUR OPERATORS –
(Service Tax)
RESPECTED SIRMADAM IF A TOUR OPERATOR IS TAKING SERVICE OF ANOTHER TOUR OPERATOR THEN WHETHER CENVAT CREDIT IS ALLOWED OR NOT ON THE SERVICE TAX PAID? BY: RAVI GUPTA No answers yet View Answers | Post Answers |
| 17950 |
Jul. 20 2016 |
Mvat & Service tax On Canteen Service –
(INDIRECT TAXES)
PLEASE EXPLAIN MVAT AND SERVICE TAX APPLICABLE TO OUTDOOR CATERING SERVICE PROVIDER BY: santosh shivram singasane No answers yet View Answers | Post Answers |
| 17947 |
Jul. 19 2016 |
Pvt. Discretionary Trust –
(DIRECT TAXES)
Sir, A Trust is created on 17.04.2015 in the name of Mrs. X Family Trust. Trustees are Mr A and Mrs A. Beneficiaries of the Trust are Mr X , Mrs X, Son of Mr X and Daughter of Mr. X. The Trust is Discretionary Trust. The Trust has been settled to hold assets settled in the Trust by the Settlor for the Beneficiaries. The Trustees shall distribute the whole or any part of the Trust Fund ( including Income, Assets and Properties ) to any of the Beneficiaries as specified in the Clause of the Trust Deed in such proportion and in such manner and at such time as the Trustees in their absolute discretion as they deem fit. Now, the Trustees are going to pay Rs.40000- p.m. to the Mr. X , one of the Beneficiary of the Trust. QUERY 1. Whether the sum Rs.40000- p.m. shall be Taxable in the hands of Mr. X? If not , under which Section? 2. How will Mr. X will spent the sum received ? Whether it will be distributed among all Beneficiaries ? 3. Kindly let me know in detail about Taxability or otherwise. BY: AJAY JAIN No answers yet View Answers | Post Answers |
| 17946 |
Jul. 18 2016 |
FEMA –
(MISC.)
Is there any limit for FOREX sending into India by way of gift? What would be consequences if the recipient is Pakistan citizen receiving the FOREX into India ? BY: BHAVESH VACHHANI No answers yet View Answers | Post Answers |
| 17941 |
Jul. 17 2016 |
External rating and Basle norms –
(AUDIT)
Can someone quote the relevant RBI circular mandating external rating on bank facilities and explain the impact of provisioning as per Basle norms for not obtaining External rating on current financials.? BY: S.Balasubramanian. No answers yet View Answers | Post Answers |
| 17943 |
Jul. 17 2016 |
INTEREST COST INLCUDED IN VALUATION OF CLOSING STOCK –
(DIRECT TAXES)
A LAYOUT DEVELOPER HAS TAKEN LOAN FOR THE PURPOSE OF BUSINESS, SO WHETHER INTEREST COST OF BORROWING WOULD BE INCLUDED IN VALUATION OF CLOSING STOCK OF WIP. BY: CA DILIP LOHIYA No answers yet View Answers | Post Answers |
| 17893 |
Jun. 14 2016 |
Clarification on Supply of Manpower under service tax (RCM) –
(Service Tax)
First of all, I truly appreciate to all of you for giving the answer of my past questions and clear my doubts. Further, I have some doubts on the coverage of supply of manpower because its means is very wide than its definition. I would like to get the clarification on the following cases that whether the below cases will cover under supply of man power or not? The below questions or cases do not link to any industry or business or commerce. It is formed by me for my conceptual clarity purpose. 1. If the contractor is providing module cleaning services (Solar PV Module) on Rs. 1 (Suppose) per piece basis and there is no terms and condition of supervision or control over his labour. If, the work is not as per agreed scope of work. The same will be rejected and has to be rectified by the contractor at its expenses and risk. 2. If the contractor is providing module cleaning services (Solar PV Module) on Rs. 1.50 (Suppose) per piece basis with supply of water (with Tractor and Tanker) and cleaning accessories. There is no terms and condition of supervision or control over his labour. However, the work is not as per agreed scope of work. The same will be rejected and has to be rectified by the contractor at its expenses and risk. What, if, there is no supply of water andor cleaning accessories with the cleaning services by the service provider? 3. If the contractor is providing the services of supply of some skilled andor semi-skilled andor unskilled persons (i.e. supervisors, technicians and helpers) to the service recipient. The persons provided by the contractor shall be appointed as the qualification and experience decided by the service recipient. The service recipient will pay the fixed amount per month for the each category of persons. However, number of person is already mentioned in the agreement. In this regard, there is any judgment of any high court available. Please share the same for my knowledge purpose. I will appreciate for your co-operation, BY: Sushil Bhardwaj No answers yet View Answers | Post Answers |
| 17886 |
Jun. 08 2016 |
Cenvat Credit of Duty paid on Trucks/Trailers –
(INDIRECT TAXES)
Cenvat credit of duty paid on trucks and trailer was available to specified service provider i.e. cargo handling, GTA etc.upto 01.7.2012. After the amendment of rule 2(a)(B) the said cenvat would be available to Cargo handling service provider or multi model transportation provider or not? As per new definition of Capital goods it seems to be available only to Renting of such motor vehicle, transportation of inputs capital goods used in providing output service and courier agency. BY: Ashish Singhania No answers yet View Answers | Post Answers |
| 17881 |
Jun. 05 2016 |
Sighning of Accounts –
(AUDIT)
Sir There are three partners and in the emplacement criteria only one fulfills the criteria Other not eligible,Suppose the partner who is eligible expires The firm has bank concurrent audit and PSU audit Please advise whether other partners can sin the Accounts and auditors Report, BY: Charan Dass Sharma No answers yet View Answers | Post Answers |
