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Click here to Post your Query >>5983 unanswered question(s) — Showing 5461–5480
| Que. Id | Date | Description |
|---|---|---|
| 1891 |
Mar. 03 2006 |
FBT –
(DIRECT TAXES)
Asseessee is construction co. Durg the period assessee had paid stamp duty and registration charges of customers which debited to marketg exps. Whether it will come under sales promotion exps or It may be shown as sales discount. ' BY: R.C. Jain No answers yet View Answers | Post Answers |
| 1868 |
Mar. 02 2006 |
service tax on chartered accountants –
(INDIRECT TAXES)
what will be impact on chartered accountants by notification dated 1-3-2006 regardg withdrawal of exemption from service tax on services other than accountg, auditg, certification rendred PROFESSIONAL CAPACITY. Now which serice will come tax purview and now which service provided by C.A. will be exempt ? ' BY: RAJESH MEHTA No answers yet View Answers | Post Answers |
| 1871 |
Mar. 02 2006 |
Applicability of Tax Audit –
(AUDIT)
For the purpose of Tax Audit of a Diagnostic Centre turnover should be conred at >Rs.10 kh or >Rs.40 kh any fancial year? ' BY: DIPAK PAL No answers yet View Answers | Post Answers |
| 1877 |
Mar. 02 2006 |
Is it necessary to show the tax paid on non taxable items to show in half yearly return –
(INDIRECT TAXES)
Dear Sir XYZ Trust paid service tax collected by it on non taxable item to the credit of the Central Government.They are otherwise liable to pay service tax on some items for which they are very much availg CENVAT credit and filg half yearly urn regury. Please advise me whether this service tax paid amount need to be mentioned half yearly run and how ' BY: Aravindakshan No answers yet View Answers | Post Answers |
| 1879 |
Mar. 02 2006 |
DUE DATE OF TDS QUARTERELY AND ANNUAL RETURN –
(DIRECT TAXES)
Due Date of TDS Quarterly and Annual for st Quarter. ' BY: MANOJ KUMAR KEDIA No answers yet View Answers | Post Answers |
| 1881 |
Mar. 02 2006 |
Service tax on ATM –
(INDIRECT TAXES)
how the service tax will be imposed on ATM services ' BY: tapas basu No answers yet View Answers | Post Answers |
| 1864 |
Mar. 01 2006 |
Change of Name of Liasion Office –
(INTERNATIONAL BUSINESS)
What is the Procedure for Name Change of an Existg Liasion Office dia. Parent Company Japan ' BY: A.M No answers yet View Answers | Post Answers |
| 1865 |
Mar. 01 2006 |
Tax deduction on joint ownership of self occupied property –
(DIRECT TAXES)
Hi, Me and my wife have a joed property (Im the first holder and shes the second). While I have taken a loan of X amt. (she beg second applicant), she has taken a loan of Y amt. The tax statement recd from the bank for my portion (X) shows the loan as a jot loan (sce shes second applicant). Further, as regds her loan (Y amt), I am not the second applicant. How much can each one of us cim? ' BY: Krishnan MV No answers yet View Answers | Post Answers |
| 1866 |
Mar. 01 2006 |
Income of a trust –
(DIRECT TAXES)
A trust which is runng school have deposit surplus money bank FDRs. The AO wants to tax the ter come on FDR. If there is any case w this matter? ' BY: Mahesh Khandelwal No answers yet View Answers | Post Answers |
| 1867 |
Mar. 01 2006 |
SHARE OF LOSS FROM PARTNERSHIP FIRM –
(DIRECT TAXES)
Mr. X is a Partner two partnership firms namely M,S XY and M,S XZ. Durg a particur year M,S XY curred a of Rs.10000,- and the share of the books of Mr X comes to Rs.0,-. DURG THAT YEAR M,S XZ EARNS AN COME OF RS.00,- RESULTG SHARE OF PROFIT THE HANDS OF MR X RS.20,-.APART FROM THIS MR X HAS OTHER COME OF RS.100,- DURG THAT YEAR, WHICH CLUDES A BUSESS COME FROM A PROPRIETORSHIP CONCERN TO THE TUNE OF RS.20,-. Mr X wants to set off the share of from M,S X, agast its busess come from proprietorship concern My querries are : 1) Whether Mr X is allowed to set off its share of from Proprietorship concern. ( The share profit, from partnership firm is not taxable the hands of the partners) 2) Whether situation will change if Mr. X is partner only one firm makg (i.e.M,S XY) ' BY: SANTOSH MOHTA No answers yet View Answers | Post Answers |
| 1859 |
Feb. 28 2006 |
CREDIT ON SERVICE TAX –
(INDIRECT TAXES)
A Co. XYZ provides various Consultancy services to its clients to the tune of Rs.say 1 crore durg a fancial year and collects service tax @ 10.2% on the same.Durg the same year it avails the services of other service provider to the tune of Rs.8000000 and pay service tax @ 10.2%. My querries are: 1) What is the quantum of service tax credit it will enjoy. Somebody has advised that maximum 20% of the total service tax liability can be set off, is this correct? 2) If yes, than whether the company have to pay service tax to the tune of Rs.800000,- odd figure and will have to forego the service tax to the tune of around Rs.600000,- paid by him? ' BY: SANTOSH MOHTA No answers yet View Answers | Post Answers |
| 1861 |
Feb. 28 2006 |
TRAETMENT OF COMPENSATION RECEIVED FOR NOT TAKING EMPLOYMENT. –
(DIRECT TAXES)
The assessees husband a Haryana Govt. Employee expires two years back and all his dues were received and tax treatment was given as applicable. Durg the current year 2005-06 the dy (deceased wife) received a Compensation from the Haryana Govt for not takg employment pce of her husband. What tax treatment will be given durg the year? ' BY: VINOD KUMAR GUPTA No answers yet View Answers | Post Answers |
| 1833 |
Feb. 27 2006 |
Service Tax paid on purchase of Flat which is used for Residence as well as Office –
(INDIRECT TAXES)
My client is a management consultant and is carryg on his activities from his rented house He has registered to service tax dicatg this address. Durg the fy05-06, he has purchased rential ft and has paid applicable service tax on such value. Now, he tends to relocate his office from his rented to house to own ft for which he has paid service tax. Kdly crify with specific reference any trade notice, circur or any other provisions of service tax w as he wants to take put credit of this service tax paid agast service tax collected from his customers. my opion, it can be set off. ' BY: S.Sathyanarayana Prasad No answers yet View Answers | Post Answers |
| 1842 |
Feb. 27 2006 |
who will be legal heir –
(DIRECT TAXES)
Mr. X was co-owner of property with his spouse. He has three son. After his death who will be Legal heir of his part of Property. ' BY: atul singhal No answers yet View Answers | Post Answers |
| 1845 |
Feb. 27 2006 |
Residential status while settleing back in India –
(DIRECT TAXES)
IF assesee, left dia on 2nd Sept. 05 for employment, will he become non-rent dian for AY 2006-07. If assessee, want to come back dia, if he comes back to dia After 30th Sept. 2006, will his earngs from 1,4,2006 to 30,9,2006, earned and received out dia, will be taxable dia AY 2007-08 (PY.2006-2007)? ' BY: vinay aggarwal No answers yet View Answers | Post Answers |
| 1832 |
Feb. 26 2006 |
Quaterly statement –
(DIRECT TAXES)
Tax has been deducted on 20.5.2005 out of commission payment but this tax has been deposited on 15.2.2006. Is deductor is liable to file quaterly statement for first quater or this deduction will be reported 4th quater statement? ' BY: Akhilesh Narayna No answers yet View Answers | Post Answers |
| 1818 |
Feb. 25 2006 |
Perquisite of Interest on Advance provided to Employee –
(DIRECT TAXES)
As per rule 3 of come tax Act the ter on advance provided to employee is calcuted as per rates prescribed by State Bank of dia as on 1st day of the revant previos year. Can anybody tell me asto what are the rates of ter for followg loans,advances as on 01-04-2005: Housg loan, Vehicle Loan, Marriage Loan, Personal Loan, Medical Loan. Thanks CA Tik Mocha ' BY: Tilak Minocha No answers yet View Answers | Post Answers |
| 1821 |
Feb. 25 2006 |
Nature of Income & Taxability –
(DIRECT TAXES)
There is come or (of an dividual- saried employee) from jobbg (without delivery)of shares the Stock Exchange Market ( not a derivative or future transaction). Now the quion is whether it is a busess come or short term capital ga liable to 10% come tax. If it is short term capital ga, then please mention the relevant w on the basis which jobbg shares without delivery deemed as Transfer of capital asset, wich is necessary to cover any come under the Capital Ga. V.K Ja ' BY: V.K Jain No answers yet View Answers | Post Answers |
| 1822 |
Feb. 25 2006 |
Prudential ICICI Mutual Funds –
(DIRECT TAXES)
Respected Sir, Please confirm that is there any requirements to be fulfilled by mutual funds so that the vors enjoy tax benefits u,s 80C(2) I have ved Prudential ICICI Systematic vment Pn (Discovery Fund), whether this vment will cover for deduction u,s 80C. Refer also Section 10 (23D). ' BY: Neeraj Gupta No answers yet View Answers | Post Answers |
| 1811 |
Feb. 24 2006 |
Legality of Circulars –
(INDIRECT TAXES)
Please can you provide with t case ws more the case of direct taxes where the supreme court has said that Circurs cannot override the Act. ' BY: Neelesh Bajaj No answers yet View Answers | Post Answers |
