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Click here to Post your Query >>5983 unanswered question(s) — Showing 5681–5700
| Que. Id | Date | Description |
|---|---|---|
| 1131 |
Dec. 23 2005 |
INPUT SERVICE TAX DISTRIBUTION CHALLAN –
(INDIRECT TAXES)
AS PER CENVAT CREDIT RULES 2004 THE HO, REGIONAL OFFICE RECEIVG PUT SERVICES CAN DISTRIBUTE ITS SERVICES TO THE MANUFACTURG UNITS.HOW PUT SERVICES RECEIVED SHOULD BE DISTRIBUTED AMONG THE MANUFACTURG UNITS? IS IT COMPULSORY TO MAKE SEPARATE PUT SERVICE DISTRIBUTION CHALN FOR EACH BILL OF PUT SERVICES? WHAT IS THE REASIONABLE BASIS FOR THE DISTRIBUTION OF PUT SERVICES? ' BY: VISHAL THACKER No answers yet View Answers | Post Answers |
| 1134 |
Dec. 23 2005 |
DEPRECIATION –
(DIRECT TAXES)
One of my client made additional payment through out of court settlement to macheries suppliers. Though he had already paid it to supplier but supplier denied for the same.My client its fairness capilised this additional payment to cost of mache and cim dep accordgly.Now AO neither allowg dep on this additional payment nor treatg it as a revenue exp .I am of the view that either dep should be allowed or additional payment be treated as revenue exp. Please enlighten me on this matter and cite relevent case w if any, because case w is must to convience to AO ' BY: MUKESH KUMAR KABRA No answers yet View Answers | Post Answers |
| 1115 |
Dec. 22 2005 |
sub section 10 of section 80 IB –
(DIRECT TAXES)
(i) Who is entitled to exemption- developer(builder), owner or both? (ii) If some of the units have built-up area exceedg the prescribed limit of 1000,1 sq. ft. whether proportionate deduction will be allowed or no deduction will be allowed? ' BY: NAVEEN KUMAR MITTAL No answers yet View Answers | Post Answers |
| 1117 |
Dec. 22 2005 |
Assessment of cases when law is finally decided by court. –
(DIRECT TAXES)
Employees association of our company has challenged Validity of levyg House Accommodation perk High Court. & Subsequently court has granted stay to deducted Tax on House Accommodation perk. My query is: 1) If subsequently plea of Employees Association treated as valid,unconstitutional then can come tax authority issue notice to Employer for short deduction of tax (TDS) 2) If Ans to 1 is Yes then can we recover this tax from our employee 3) if Ans to 1 is No then can reassessment of come of employess can be done? (Under which section?) & Time limit (from today to date of fal ) for such assement. i.e. assessment of cases when w is fally decided by court. ' BY: rutuparna deshpande No answers yet View Answers | Post Answers |
| 1118 |
Dec. 22 2005 |
Liability of service tax –
(INDIRECT TAXES)
Facts of the case- Firm has entered an agreement with public ion agency (for arrangg press confrences, writg articles etc.). Under the terms firm will pay fixed commission + actual expenditure curred for arrangements (for eg. hotel bill, travel bill). Quion- 1.Wheather service tax is payable on reimbursemnet of expenses to the service provider ? 2. Whether TDS would be deducted by firm. ' BY: Tanuj Mishra No answers yet View Answers | Post Answers |
| 1122 |
Dec. 22 2005 |
Applicability of Research & development Cess –
(MISC.)
Whether R&D Cess is applicable on reimbursement of debit note with regard to sary of foreign technical deputed dia from holdg Compant situated Abroad. ' BY: Atul Kumar jaiswal No answers yet View Answers | Post Answers |
| 1091 |
Dec. 21 2005 |
service tax recovery from service receiver under Financeact,1994 & service tax rules –
(INDIRECT TAXES)
if a service provider raises bill cludg service tax @10.2% or say gross bill cl.service tax ,and thereafter service receiver denies,refuse to pay service tax as per bill raised as above then under which rule of service tax rules or under which section , the service provider can recover service tax from the service receiver. ' BY: ANIL SAMAR No answers yet View Answers | Post Answers |
| 1093 |
Dec. 21 2005 |
Transfer of shares –
(DIRECT TAXES)
Dear Members We hold 100% shares of our subsidiary based US which we now want to sell to another subsidiary of ours dia. These shares were acquired 1998-99 dolrs as the paid up capital is dolrs of the US company. As per my understandg this transaction will be regarded as transfer for capital gas. Also we will have the benefit of dexation from 1998-99 to 2005-06 FY is this abaove understandg correct? Please advice if any casew is there please enclose that. B Regards Rohit Khare ' BY: Rohit V Khare No answers yet View Answers | Post Answers |
| 1099 |
Dec. 21 2005 |
whether building come under the provision of VAT of Delhi –
(INDIRECT TAXES)
My client is busess of Real ate. he took nd from the owner and developg the same. he get permission from the concern department his name. now he is developiong the plot and giveg contract to contractor for the entire civel work. this case I want to know about followg 1. Is deveoper is liable for VAT when he sale buildg developed by him? if yes then whether he cim VAT charged by the contractor. ' BY: Aishwarya Goyal No answers yet View Answers | Post Answers |
| 1075 |
Dec. 20 2005 |
Recent Amendmants to IT Act –
(CORPORATE & OTHER LAWS)
st week, the parliment was said to have passed the bill to amend the IT Act which was troduced on 1st Dec 2005. I am under pressure of recovery of demand g to one of the amended sections. Can you enlighten me whether the amendments have taken effect and if so w.e.f which date? The demand beg rge, the A.O. is threateng attachment on a dauly basis though the amendment has been passed. Does this aga require the assent of the Prent to take effect? ' BY: Sudhakar Rao No answers yet View Answers | Post Answers |
| 1079 |
Dec. 20 2005 |
ROC Fees for filling Form No. 23B (Notice of Auditor) –
(CORPORATE & OTHER LAWS)
Please crify whether ROC fees is payable at the time of fillg Form No. 23 B [Notice of Auditor u,s 224(1A)] ' BY: AJAY SHARMA No answers yet View Answers | Post Answers |
| 1080 |
Dec. 20 2005 |
Rate of Depreciation as per Income Tax on Chimney –
(DIRECT TAXES)
a Thermal Power House, a chimney havg height of 80 metres is stalled for takg out fumes to the open sky. Whether Chimney can be treated as Air Pollution Equipment? Whether 100% rate of depreciation can be cimed? Jayesh Shah ' BY: Jayesh Shah No answers yet View Answers | Post Answers |
| 1084 |
Dec. 20 2005 |
CAN THE A.O QUESTION THE SOURCE OF INCOME FOR THE INCOME FROM OTHER SOURCES? –
(DIRECT TAXES)
IS THE A.O HAVG THE POWER TO QUION THE COME UNDER THE HEAD COME FROM OTHER SOURCES WHICH IS A TAXABLE COME.ARE THERE ANY JUDGEMENTS FOR OVERCOMG THIS OR ANY CIRCURS FOR THIS? EXAMPLE:-THE HAS THE COME FROM PYG CARDS WHICH CANNOT BE SHOWN HE SIMPLY ADMITS HIS COME AND PAYS TAX.DOES THE A.O HAS THE POWER TO QUION HIS SOURCE OF COME. ' BY: N.S.GUPTA No answers yet View Answers | Post Answers |
| 1068 |
Dec. 19 2005 |
PREPARATION OF PARTNERSHIP DEED –
(DIRECT TAXES)
WHETHER IT IS ALLOWED TO PREPARED THE PARTNERSHIP DEED ON THE STAMP PAPER , THE NAME OF PARTNER STEAD OF NAME OF FIRM ' BY: VIJAY L RATHOD No answers yet View Answers | Post Answers |
| 1072 |
Dec. 19 2005 |
AUDIT IN INDIVIDUAL CAPECITY –
(COUNCIL DECISION)
IF A PRECTICG C A IS PARTNER CA FIRM CAN HE DO TAX AUDIT HIS DIVIDUAL CAPICITY THANKS & REGARDS RAKESH PORWAL UDAIPUR ' BY: Rakesh Porwal No answers yet View Answers | Post Answers |
| 1066 |
Dec. 18 2005 |
service tax applicabilitiy on transportation charges paid for earth filling to tractor owners –
(INDIRECT TAXES)
My client is a civil works contractor. Transproation charges are paid by him to tractor owners for brgg the earth to the site. He books these charges as earth fillg charges sce he is not givg any separate amount for the earth. The charges paid per round are Rs. 600. Sgle tractor owner makes 3-5 round per day. i.e. on a sgle day total payment made to one tractor owner comes to 1800-3000. My query is 1. whether payment made to these tractor owners is liable to service tax. 2. for the purpose of exemption under notification 34,2004 dividual consignment will be consignment one round or consignment durg the day (keepg view contract is given for the all the rounds not for the sgle round). 3. Whether he is correct bookg these total amount as earth filg exp. ' BY: sandeep jain No answers yet View Answers | Post Answers |
| 1062 |
Dec. 17 2005 |
Exemption under section 54 –
(DIRECT TAXES)
One of my clients has given his rential property for development. The development agreement clearly says that the builder has to demolish the existg buildg and start the development. The rential property is a long term capial asset.The builder has constructed 15 apartments and transferred 7 fts to the owner of the buildgs. this case whether the assessee is liable for capital gas tax on notional transfer basis? If yes, is he also eligible for cimg exemption under section 54? If yes, for how many fts either for one ft or all seven fts? ' BY: Naga Raju G No answers yet View Answers | Post Answers |
| 1050 |
Dec. 16 2005 |
VRS exemption u/s10(10C) –
(DIRECT TAXES)
1.Will the reduction of employees an organization comes under VRS, if conditions id down Section 10(10C) and Rule 2BA of I.T.Act are fulfilled. 2. Can an employee cim exemption u,s10(10C) the above case, case the employer ignorantly not allowed the same while makg the lumpsum Payment (exgratia)to the employee. 3.Can an employee cim exemption his urn of come,if the employer is silent with regard to the scheme and is completely ignorant whether the scheme is satisfyg all the conditions for cimg exemption u,s10(10C)or not. Regards, Sridhar ' BY: Jalluri Sridhar Bose No answers yet View Answers | Post Answers |
| 1055 |
Dec. 16 2005 |
Allotement of Shares –
(CORPORATE & OTHER LAWS)
Subry Company alloted Equity shares to Holdg Company agast the unsecured loan made by Holdg Company to its Subry Now my Ques. is whether such allotemnt can be stated Bance sheet as Shares issued for cash as the loans were received cheque by subsidiery company? ' BY: KALYAN KUMAR SARKAR No answers yet View Answers | Post Answers |
| 1056 |
Dec. 16 2005 |
TAXATION OF PROFIT ON SALE OF ADRS BY RESIDENT INDIANS –
(DIRECT TAXES)
One of my client who is rent dian workg with a software company has been allotted ADRs by the company. ADRs are held by the trust. Now trust is tendg to sell the ADRs and credit profit on sale of ADRs to his account. Query is 1.How the profits on sale of ADRs is treated the hands of the clients hands i.e whether long term gas or other come. 2. Can he cim double taxation relief? 3. What is the tax treatment on profit on sale of ADRs if they are allotted by the company the name of the employee under ESOPS I shall be gd if I get my doubt crified with reference notifications issued by the C.B.D.T ' BY: Viswanadh P No answers yet View Answers | Post Answers |
