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Click here to Post your Query >>5983 unanswered question(s) — Showing 5561–5580
| Que. Id | Date | Description |
|---|---|---|
| 1537 |
Feb. 02 2006 |
depriciable capital assets –
(DIRECT TAXES)
Block of assets - Depriciation cimed -assets is buildg WDV 000,- -Buildg demolished - selvaged value Rs.100000,-There is this block because every assets is sold or demolished Section 50 provides for excess over WDV of block assets to be charged as short term capital ga. the assesseee can set off this agast long term , or short term capital ga. Or alternatively keep on cimg depriciation till block is Zero.Section 32 provides that the assets should be put to use . The assets was put to use but subsequently sold or demoslished then will be correct to cliam the depriciation ? ' BY: yas No answers yet View Answers | Post Answers |
| 1534 |
Feb. 02 2006 |
Fixed medical allowances? –
(DIRECT TAXES)
Are fixed medical allowances fully taxable the hands of employee? ' BY: nitika sharma No answers yet View Answers | Post Answers |
| 1527 |
Feb. 01 2006 |
ALLOWABALITY OF ACC. INTT OF NSC & NEW NSC PURCHASE –
(DIRECT TAXES)
IS TT . ACCRUED ON NSC IS ALLOWABLE U,S 80C & IF NEW NSC PURCHASE IS ALLOWABLE U,S 80C ' BY: NAVIN POKHARNA No answers yet View Answers | Post Answers |
| 1528 |
Feb. 01 2006 |
FEMA –
(FINANCIAL MANAGEMENT)
WHAT IS THE IMPLICATION OF TAKG GIFTS FROM IVES STAYG OUT DIA US DOLR. PLEASE LET ME KNOW WHETHER THERE IS ANY RRICTION UNDER FEMA ACT AND WHAT IS THE TAX IMPLICATION UNDER COME TAX ACT ' BY: BINAYAK DEY No answers yet View Answers | Post Answers |
| 1529 |
Feb. 01 2006 |
SEC 195 –
(INTERNATIONAL BUSINESS)
WHETHER REIMBURSEMENT OF EXPENSES IS LIABLE FOR DEDUCTION OF TAX U\S 195? ' BY: Neelesh Nema No answers yet View Answers | Post Answers |
| 1516 |
Jan. 31 2006 |
Capital gains –
(DIRECT TAXES)
Sec.54 F- Entire Long term capital gas of Rs. 2 khs ved nd-could not construct house property with time-want to sale nd now- what are the tax implications? ' BY: L.K.Agrawal No answers yet View Answers | Post Answers |
| 1521 |
Jan. 31 2006 |
FBT- Whether applicable on RRBs & MCs –
(IMPORTANT NEWS)
FBT is applicable on assessees even if there total come is not liable to tax. But there are certa exceptions. My quion is whether RRBs (Regional Rural Banks) and MCs (Market Committees) are hit by FBT provisions and liable to pay FBT? ' BY: Vikas Khanna No answers yet View Answers | Post Answers |
| 1509 |
Jan. 30 2006 |
FEMA -Belated Submission of Forms before RBI –
(CORPORATE & OTHER LAWS)
The assessee is a newly corported company and received funds from abroad towards allotment of repatriable equity share capital. The mandatory period of 30 days was expired for the submission of FIRC and other relevant documents before RBI. Kdly advise to remedy the situation. Thank you. ' BY: N. Balavenkatesan No answers yet View Answers | Post Answers |
| 1497 |
Jan. 29 2006 |
1666 –
(DIRECT TAXES)
I dont need all list but need only two or three cases simir to my query for refference which 271 ( 1) (c) cancelled. ' BY: V.KANDAVEL No answers yet View Answers | Post Answers |
| 1498 |
Jan. 29 2006 |
Whether withdrawl from the statatutory fund created u/s 10(23E) read with section 10(14A) of the income tax act is allowed –
(AUDIT)
A PFI collected foreign exchange premium to cover the risk of forex rate fluctuations which was exempted till AY 2002-03 u,s 10(14A)and transfered to a fund required to be mataed u,s 10(23E) of the I tax Act, 1961. Now as both the sections are omitted and no further contributions are beg made towards the fund, should this fund be reversed so that it becomes a part of the taxable,accountg come of the PFI. Pls. guide me as early as possible ' BY: KULJEET SINGH No answers yet View Answers | Post Answers |
| 1499 |
Jan. 29 2006 |
1666 –
(DIRECT TAXES)
Housg loan ter was cimed the profit and account and also deducted the memo of total come while cacutg come tax and tax paid after dobule deduction of housg loan ter.Then it was found, and revised come calcuted and tax was paid. this case whether 271 (1)(c) was levied. ' BY: V.KANDAVEL No answers yet View Answers | Post Answers |
| 1487 |
Jan. 28 2006 |
Service Tax on Agency commission –
(INDIRECT TAXES)
A Pvt. Ltd. as Maitrey Travels Le Pvt. Ltd. havg a Division name of Maitrey Cargo Services situated at Pune (Maharashtra). We as Raj Travels situated at Ahmedabad are bookg parcels, covers, goods etc on Cash, to pay & Credit basis by way of bilties name of Maitrey Cargo. We are gettg only 30% of bookg amount as commission. However if builty itself shows door delivery the same is not subject to Agency Commission. Now we want to crify whether such services are liable for service tax & if yes then under which type of services covered & what shall be value of taxable services. ' BY: Sanjay Baheti No answers yet View Answers | Post Answers |
| 1492 |
Jan. 28 2006 |
residential Status –
(DIRECT TAXES)
How can we cal rential status of an dividual ' BY: Amit Sharma No answers yet View Answers | Post Answers |
| 1474 |
Jan. 27 2006 |
Ref: Question ID 1623 –
(INDIRECT TAXES)
An organisation is providg technical service settg up and matag TV channels.For this purpose,it also supplies (electronic) parts and equipment.Thus it provides services and also supplies rial..(Service is taxable).Can it take 100% service tax credit? ' BY: Hari Krishnan Duraiswami No answers yet View Answers | Post Answers |
| 1478 |
Jan. 27 2006 |
rate of vat –
(INDIRECT TAXES)
sir what is the rate of vat on plywood and cement bcos schedule c of 4% the pulp of wood is mentioned so whether plywood comes that or 12% category. ' BY: atulkumar lohiya No answers yet View Answers | Post Answers |
| 1479 |
Jan. 27 2006 |
UTI - MIP 99 –
(DIRECT TAXES)
sir, was the tax treatment case of Accured ter and redemption of UTI- MIP99 struments for the A.Y 2005-2006. ' BY: kalpesh No answers yet View Answers | Post Answers |
| 1482 |
Jan. 27 2006 |
Service Tax Registration –
(INDIRECT TAXES)
sir, If durg the first year of operation the value of taxable service rendered is less then Rs 3.00 khs then do we need to have the registration number. ' BY: kalpesh No answers yet View Answers | Post Answers |
| 1484 |
Jan. 27 2006 |
Gift from foreign source –
(FINANCIAL MANAGEMENT)
Is there any rriction on takg GIFT from foreign source. ' BY: Arupratan Ray No answers yet View Answers | Post Answers |
| 1464 |
Jan. 26 2006 |
Service Tax on Residential Complex –
(INDIRECT TAXES)
Colobration agreement between owner and builder. Builder will construct the complex and will handover 50% of the ft to owner. How is liable for service tax whether builder or owner, and how the value on which service tax to be paid to be worked out ? ' BY: rkdhandia No answers yet View Answers | Post Answers |
| 1466 |
Jan. 26 2006 |
Service tax credit for telephone bill –
(INDIRECT TAXES)
Can a private limited co. dog travel agent busess cim credit for service tax paid on Telephone Bills ? if yes any percentage is allowed or 100% ? Mohamed Shafi mashafica@yahoo.co. ' BY: Mohamed Shafi No answers yet View Answers | Post Answers |
