Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5986 unanswered question(s) — Showing 1961–1980
| Que. Id | Date | Description |
|---|---|---|
| 17882 |
Jun. 05 2016 |
1% deduction on Cash payments –
(TDS/TCS)
wef 1-6-16, All cash payments exceeding Rs 2 Lacs will be subject to TCS. A person issung a bill sometimes does not know how he is going to receive payment whether in cash or by Cheque. So at what point he will have to deduct TCS. Further this amount of Rs 2 Lacs is transaction wise or Customerwise.If there are a no of transactions up to 2 Lacs what about this?. Can anybody clarify. BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 17879 |
Jun. 03 2016 |
Excise duty on return of goods imported under High Sea Sales –
(INDIRECT TAXES)
We were importing some goods. When they were still in transit, we sold them to a domestic manufacturer (High Sea Sales), at NIL rate of duty. Hence, no question of availing cenvat credit. After some time, the domestic recipient of goods returned some of these goods to us. We re-exported them to foreign seller. Now, there are two issues (i) whether we need to pay any excise duty on return of these goods to us from the domestic manufacturer? (ii) Whether we need to pay any excise duty on re-export of these goods? BY: VAGEESH HEGDE No answers yet View Answers | Post Answers |
| 17870 |
May. 27 2016 |
Change in Valid pan to Valid pan in traces –
(TDS/TCS)
If we want to change a valid pan to valid pan in deductee details after we have filed the Tan details in traces and the same have been processed for 26AS. Do charges of 20 applies in our case BY: pradeep kumar agrawal No answers yet View Answers | Post Answers |
| 17863 |
May. 25 2016 |
DEFAULTS OF TRACES –
(TDS/TCS)
TRACES HAD ISSUED SO MANY NOTICES FOR THE DEFAULTS ON ACCOUNT OF SHORT DEDUCTION, SHORT PAYMENT, LATE INTEREST, PAN ERRORS, LATE FEE ETC. How to resolve these issues technically, as there are lot of technical issues also involved therein. BY: SURAJ KUMAR CHOUDHURY No answers yet View Answers | Post Answers |
| 17864 |
May. 25 2016 |
CLASSIFICATIO UNDER WORKS CONTRACT –
(Service Tax)
MY COMPANY HAS GIVEN CONTRACT TO A CONTRACTOR FOR PAINTING OF VEHICLE. THE CONTRACTOR CHARGES ONLY LABOUR AMOUNT WITH US. NOW MY QUESTION IS WHETHER THIS SERVICE FALL UNDER WORKS CONTRACT SERVICE OR REPAIRS MAINTENANCE SERVICE? PLEASE CLARIFY. PLEASE NOTE THAT THERE MATERIAL IS NOT INVOLVED IN THIS CONTRACT. FURTHER WHETHER WASHING CHARGES CHARGED BY CONTRACTOR FALL UNDER WORKS CONTRACT SERVICE? BY: ASHISH KUMAR LATH No answers yet View Answers | Post Answers |
| 17846 |
May. 17 2016 |
SERVICES PROVIDED TO RAILWAYS EXEMPTED –
(Service Tax)
IS CLEANING SERVICES PROVIDED BY PARTNERSHIP FIRM TO RAILWAYS EXEMPTED IF YES UNDER WHICH NOTIFICATION THANK YOU IN ADVANCE BY: Amit No answers yet View Answers | Post Answers |
| 17826 |
Apr. 29 2016 |
Query regarding Digital Signature Partner –
(MISC.)
Dear Sir Madam I want to know whether a Practising CA can be a channel partner of digital Signature Certificate issuing authorities like emudhra, ncode solutions etc.? I am waiting for your reply eagerly. BY: PUSHKAR MITRA No answers yet View Answers | Post Answers |
| 17817 |
Apr. 26 2016 |
DSC –
(Companies Act, 2013)
While digitally signing with e-pass 2003 auto e-token the following message appears. "Fetching Certificate Revocation List from crl.safescryptsafescryptCA2014,crl, press ESC to cancel". If ESC key is pressed e-form cannot be signed. If not pressed, digitally signing is possible, but file sign will increase around three times of the earlier size ie., more than 2.50 MB leading to uploading impossible. Kly help. BY: B.CHACKRAPANI WARRIER No answers yet View Answers | Post Answers |
| 17818 |
Apr. 26 2016 |
Practice to Employment –
(MISC.)
Dear Sir, Reg. Practice to Employment A). A.1) I am Sole "PROPRIETOR" of Practicing firm named- "P C S CO" A.2) I want to join employment by next week. A.3) What I need to do pre post joining the employment. B). Further, I also want to ask one hypothetical question B.1) Suppose I am partner in a CA. practicing "Partnership Firm" Named as "ABC" B.2) I want to join employment by next week. B.3) What I need to do pre post joining the employment, specially w.r.t. intimation to ICAI as well the CA.Firm "ABC" B.4) Can I continue as partner in “ABC”, even after full time employment. Kindly reply A.3), B.3 , B.4) Thanks you very much in anticipation of prompt reply. Regards, Prakash Chandra Saruparia, FCA 9320251585 BY: CA. PRAKASH CHANDRA SARUPARIA No answers yet View Answers | Post Answers |
| 17808 |
Apr. 19 2016 |
Service Tax on Notice Pay –
(Service Tax)
Is service tax payable by the employer on notice pay recovered from employees at the time of resignation of employee. Will it be covered under sec 66 E (e) as a declared service. Please clarify. Thanks. BY: balasubramanian No answers yet View Answers | Post Answers |
| 17802 |
Apr. 11 2016 |
Registration –
(Service Tax)
Sir, A service provider renders 2 services , one taxable service , the turnover of which is 8 lakhs and second one being manpower supply (covered under section 68 for reverse charge) , the turnover being 3 lakhs . Will the manpower supply turnover be added or considered for the purpose of registration limit of 10 lakhs ? Also in a case where a service is covered under abatement , is it the total value or abated value , which will be considered for turnover ? BY: CA. SOORAJ B No answers yet View Answers | Post Answers |
| 17797 |
Apr. 04 2016 |
MCA21 –
(Companies Act, 2013)
Whether fee payment for MCA vide NEFT is compulsory w.e.f March 27, 2016. Whether any other mode of payment is possible. BY: B.CHACKRAPANI WARRIER No answers yet View Answers | Post Answers |
| 17795 |
Apr. 01 2016 |
Draft MOA & AOA of Section 8 Company –
(Companies Act, 2013)
Dear All Can any provide draft MOA AOA of Section 8 comapny under companies Act 2013. INC-13 filed beed rejected by ROC. CA Ajay Salagare, Pune BY: Ajay Bhalchandra Salagare No answers yet View Answers | Post Answers |
| 17796 |
Apr. 01 2016 |
54EC BONDS –
(Capital Gains)
Capital Gain arising out of compulsory acquisition of Plot by Metro Rail Authorities. Whether the client can avail by investing the capital gain proceeds in 54EC Bonds. BY: somu balasrinivasa murthy No answers yet View Answers | Post Answers |
| 17794 |
Mar. 31 2016 |
SERVICE TAX ON COMMISSION RECEIVED FROM OUTSIDE INDIA –
(Service Tax)
A Private Limited Company registered in India receives commission from Foreign Company for orders executed in India. The other facts is as under - • The Foreign Company does not have any office in India. • Service is delivered outside India as the Foreign Company is situated outside India. • The India Private Limited Company receives money from abroad in foreign exchange. I want to know whether service tax is to be paid by the Indian Company on the commission received from abroad. BY: Poonam Chand Soni No answers yet View Answers | Post Answers |
| 17785 |
Mar. 26 2016 |
BANK AUDIT –
(AUDIT)
We had received the Statutory audit of Indian Overseas bank in my partnership firm last 4 years. Presently, we are not received any communication from any bank.Is it our cooling period?. Is it mandatory for all CA Firms ? BY: MANISH KUMAR AGRAWAL No answers yet View Answers | Post Answers |
| 17784 |
Mar. 23 2016 |
Agricultural Land –
(Capital Gains)
As per section 54B of the Act, new land being used for agricultural purpose is to be purchased within prescribed time. Querry - Whether the new purchased land has to be immediately used for agricultural purpose or may be used later also. BY: Jignesh Shah No answers yet View Answers | Post Answers |
| 17779 |
Mar. 18 2016 |
TDS on Government Grant –
(TDS/TCS)
Whether TDS is to be deducted by state government on grants given to NGOs (not registered us 12AA) working for schedule caste and backward class? BY: CA. PARAKH RAJENDRA KUMAR No answers yet View Answers | Post Answers |
| 17757 |
Feb. 29 2016 |
Tax Impact on Financial Fraud –
(DIRECT TAXES)
In a Company, the Finance Officer has booked fictitious expenditure and siphoned off say about Rs. 45 Lacs for the past 2 years. The Fraud has been detected in the current year and the company has launched criminal proceedings against the officer. The question is whether the assessee should offer the excess expenditure claimed has income in the respective years or in the current year or in the year in which the amount is actually recovered from the Finance Officer. BY: Raja N No answers yet View Answers | Post Answers |
| 17754 |
Feb. 27 2016 |
Type of Service ? –
(Service Tax)
Contractor agreed to provide the construction services by utilizing the material supplied by service recipient . It is a works contract service or pure labor service ? BY: CA. Jimmy Modi No answers yet View Answers | Post Answers |
