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Click here to Post your Query >>5983 unanswered question(s) — Showing 5341–5360
| Que. Id | Date | Description |
|---|---|---|
| 2274 |
Apr. 04 2006 |
tds on sponsership –
(DIRECT TAXES)
DPS SOCIETY IS GOG TO ORGANISE A FUNCTION OF MIRGA GALIB. THE TOTAL COST OF FUNCTION IS RS. 15CS.WE WANT TO SPONSER THEM BY RS. 1C. WE DONT HAVE ANY AGREEMENT WITH THEM. WHETHER TDS WILL BE DEDUCTED OR NOT? ' BY: VIJAYA NAND JHA No answers yet View Answers | Post Answers |
| 2278 |
Apr. 04 2006 |
allowable expenses for lic agency commission –
(DIRECT TAXES)
dear sir, one of my client has lic commission to the the tune of 40cs. what r the expenses allowable to him. whether reference commission paid to third party is allowed(payment is made after deductg tds). what other majour exp. can be conred. regards, jaideep ' BY: jaideep aggarwal No answers yet View Answers | Post Answers |
| 2279 |
Apr. 04 2006 |
reg under cst act –
(INDIRECT TAXES)
dear sir, one of my client is registered under dvat act. he is not regitered under cst act. durg the qtr endg 30.6.2006 he made central sale and deposit the tax and file the central urn. after that the goods were urned but he neither moved the application for registration nor file revised urn and neither cimed credit for cst deposited. what should be done, and if there is any penalties. regards, jaideep ' BY: jaideep aggarwal No answers yet View Answers | Post Answers |
| 2280 |
Apr. 04 2006 |
professional tax –
(DIRECT TAXES)
what is the rate of professional tax on company ' BY: nitin jain No answers yet View Answers | Post Answers |
| 2264 |
Apr. 03 2006 |
stock audits in bank –
(AUDIT)
what is the extent, procedure and nature of stock audits of bank? Also what are the areas to be stressed upon? ' BY: roshi kumar No answers yet View Answers | Post Answers |
| 2253 |
Apr. 02 2006 |
Case law on filing of Non taxable return –
(DIRECT TAXES)
As we are aware that non taxable urn of an diviual can be filed. Can any one provide me the case w detail where acceptance of non taxable urn under IT act was made compulsory(if the diviual wishes to file the same). ' BY: Rajat No answers yet View Answers | Post Answers |
| 2254 |
Apr. 02 2006 |
TDS RETURN –
(DIRECT TAXES)
PLEASE ADVISE AS TO HOW TO ADJUST TDS DEDUCTED ON 31.03.06 FOURTH QUARTER URN WHICH IS DUE TO BE FILED ON 15.04.06. ALSO PLEASE ADVISE HOW TO ADJUST EXCESS TDS DEPOSITED 1ST,2ND AND 3RD QUARTER THE FOURTH URN. ' BY: NIHAR KOTRU No answers yet View Answers | Post Answers |
| 2257 |
Apr. 02 2006 |
clarification on Cost of Acquisition –
(DIRECT TAXES)
I have some queries regardg Capital Gas. Please advice on the matter. 1) Mr A was havg a House, which was on mortgage. He dies. His son heritates the House. Son clears the mortgage by payg some amount and gets the title.Now Whether the amount paid to clear up the mortgage be cluded cost of acquisition.? If yes then how? by Email from knd_fna_fc%IFFCO@iffco.nic. http:,,www.dianca.com ' BY: Deepak Jain No answers yet View Answers | Post Answers |
| 2243 |
Apr. 01 2006 |
pf on leave encashment –
(CORPORATE & OTHER LAWS)
what is court judgement on pf on leave encashment ' BY: Trisha Sood No answers yet View Answers | Post Answers |
| 2247 |
Apr. 01 2006 |
Purchasing a flat from a builder will amount to construction –
(DIRECT TAXES)
Mr. A has generated a capital ga say of Rs.200000,- and deposited this long term ga capital ga account scheme. As per the Act he has to either a house two years or construct the house three years. If he s the house from a builder will it amount to construction of a house to avail the benefit of Sec54 ' BY: sheel shukla No answers yet View Answers | Post Answers |
| 2250 |
Apr. 01 2006 |
Self Occupied Property –
(DIRECT TAXES)
The piece of nd is owned by the monther of Mr. A. The housg loan is the jot name of Mr. A and his mother. Mr. A is payg all emi of the loan. this case can Mr. A cim ter deduction u,s 24 (b) and 80 C. ' BY: RAJESH BABULAL SONAGRA No answers yet View Answers | Post Answers |
| 2235 |
Mar. 31 2006 |
Redumption Of Redeemable Preference Shares –
(CORPORATE & OTHER LAWS)
Can we use Share premium for redumption of preference Shares? What are guildeles for redumption? Is New issue is required for redumption? ' BY: PAGNIS DEEPA SACHIN No answers yet View Answers | Post Answers |
| 2236 |
Mar. 31 2006 |
Deduction Of TDS –
(DIRECT TAXES)
Whether TDS is to be deducted at the time of bookg the bill or at the time of payment? As many times bills are paid after 60 days and there are possibilities of raisg debit note that period. Pls. advice. ' BY: PAGNIS DEEPA SACHIN No answers yet View Answers | Post Answers |
| 2242 |
Mar. 31 2006 |
Long Term Capital Gain –
(DIRECT TAXES)
X Comapany is Pvt Ltd co. Co havg the Share Capital of Rs. 2 Crore, Reserve and Surplus of Rs. 23 Crore, and ass respect of nd of Rs. 25 Crore The shares of paid up capital of Rs. 2,05,400 (Total No. Of shares 2054 and face valur of Rs. 100 per share) Now at the time of the transfer of the share sellg price is 1,21,713 (Total sells price =25 Crore) and the holdg period is more than 3 crore. such case what will be tax treatement and what are other sections to aviod the tax liablity stead of 54F and 54EC, please mention details. ' BY: R C Jain No answers yet View Answers | Post Answers |
| 2227 |
Mar. 30 2006 |
Effective Rate of Service Tax wrt Finance Act, 2006 –
(INDIRECT TAXES)
Sir I would like to know, from which rate the new revised rate of 12% on Services, is applicable, the back drop of Budget 2006 recommendations. The budget 2006 is beg passed on 22day of March 2006 thankg you ' BY: Naishadam Chandrashekar No answers yet View Answers | Post Answers |
| 2230 |
Mar. 30 2006 |
Income Tax on Complex constructed by owner with Developer –
(DIRECT TAXES)
Owner enter agreement with developer where 50% of the fts will be of owner and 50% of developer. Property purchased before 1.4.1981. How capiatal ga to be worked. my view: Cost of construction of fts recd by owner(id valued based on sq feet i.e Rs per sq feet of built up) deemed as value conration recd by owner Less: Cost of 50% of the nd value deemed to be surrendered,sold out to Developer ( Market value as on 1.4.81 and dexed till the year which developer hands over the fts) The residual is the long term capital ga Less: Cost of construction of one ft as received from developer to be treated as self occupied house for rential purpose and deduction u,s 54 F to be cimed. Bance is the capital ga case out of these fts few fts are sold out by the owner also then the capital ga for it will be worked out as under Sale conration recd on sale of ft Less: (1) Cost of Proportionate nd under this ft as at 1.4.81 and dexed till the date of sale. Less: (2) Cost of construction of the ft as given by the developer i.e. Rs ( id) per sq feet Is above method is ok or some better way Regards R K Dhandia ' BY: R K Dhandia No answers yet View Answers | Post Answers |
| 2219 |
Mar. 29 2006 |
Deduction u/s 80C for Repayment of Housing Loan Principle Amount –
(DIRECT TAXES)
Whether there is any limit for deduction u,s 80C for payment of Housg Loan Prciple amount.If Yes what is the limit.or total amount paid as prcple repayment is allowed with the limit of Rs.100000. ' BY: Rohit K Singh No answers yet View Answers | Post Answers |
| 2224 |
Mar. 29 2006 |
Is supply and installation will cover under 194C –
(DIRECT TAXES)
Dear Professional colleages, A Co want to pay Rs.12,00,000,- to B co towards supply and staltion of a computer software Kldy crify me whether TDS provision under section 194C will attract this case ' BY: Aravindakshan No answers yet View Answers | Post Answers |
| 2225 |
Mar. 29 2006 |
Public Charitable Trust,an NGO wanting to sell immovable property acquired by way of donation through Will or Settlement by the Donor individual –
(DIRECT TAXES)
An NGO registered u,s 12A of IT ACT Tamilnadu is approached by a potential Donor to give his sole immovable property located Delhi with the condition that he will have a right there till his death and after his death the property will v the Trust. This he can either do through Will or settlement deed favour of the Trust.Sce the Trusts charitable activities are confed to Tamilnadu only ,it would like to sell the property after the demise of the said Donor and utilise the proceeds as per section 11(5) and comply any other requirement,if any. Now the queries are - 1.Is the mode of transfer(for donation)through Will or Settlement OK? The Querist is aware that case of Will it will have to get Probate from the Delhi Court before it becomes the legal owner of the property.However , case of Settlement the querist would like to know whether any such kd of requirement exists . 2.Once the Trust becomes the legal owner after gettg Probate from the Court the case of Will or as the case may be,executg settlement whether any permission is required from Delhi court or any other authority to sell the property ? Regards, R.C.Bansal 9810095985 ' BY: R.C.BANSAL No answers yet View Answers | Post Answers |
| 2202 |
Mar. 27 2006 |
TDS on rent –
(DIRECT TAXES)
Where Co. do not have any formal contract with hotel, but pays directly to hotel for its gus agast room rent for any fancial year more than Rs.120000,-, is there any requirement to deduct tax at source u,s 194I of IT Act,1961. ' BY: Rahul Jain No answers yet View Answers | Post Answers |
