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Click here to Post your Query >>5983 unanswered question(s) — Showing 5741–5760
| Que. Id | Date | Description |
|---|---|---|
| 898 |
Nov. 29 2005 |
TDS- 194 - C –
(DIRECT TAXES)
Please crify whether tax has to be deducted at source for the lorry freight paid exceedg Rs.20,000,- [ exceeds Rs.50,000,- durg a fancial year] by a Trader [ wholesale trader food gras]. There is no written contract between the trader and the lorry owner and the lorry is hired by the supplier of the foods gras. ' BY: V.Nagaraj No answers yet View Answers | Post Answers |
| 890 |
Nov. 28 2005 |
disclosure of indirect taxes paid in the financial statements –
(AUDIT)
is there any circur , notification , guidance note accordg to which all direct taxes paid by a company has to be disclosed separately the fancial statements. if yes kdly provide the ed reference ' BY: nilesh mehta No answers yet View Answers | Post Answers |
| 870 |
Nov. 24 2005 |
taxability of socities –
(DIRECT TAXES)
Dear friends, please tell me what is the status come tax act respect of educational society registered under socities registration act 1860.what will be the tax liability under come tax act if the society has not taken exemption from come tax department.receipts are less than rs.one crore a year.can members of society take rent and sary from society.please discuss this query alongwith sections of come tax act and society registration act 1860 ' BY: vikas sharma No answers yet View Answers | Post Answers |
| 871 |
Nov. 24 2005 |
Part time Certificate of Practice –
(MISC.)
Dear all, I would like to know if while I am employment with a Public Limited Company can I get a Certificate of Practice? If yes, what are the powers of such a COP? What would be the obligations , permissions that I would have to take? Do generally employers allow the employee to have a part time COP and lend his (employees) name to the firm as a sleepg partner? Regards, Vikram Shivram vikramshivram@gmail.com ' BY: Vikram Shivram No answers yet View Answers | Post Answers |
| 851 |
Nov. 22 2005 |
whether interest received u/s 244A be treated as income from business or as income from other sources in the case of a banking co operative society –
(DIRECT TAXES)
The assessee here is a co operative socity dog bankg busess.Durg the assessment year 2004-05 it received a sum of Rs.8,120 as ter u,s 244A of the come tax act.The querry is :whether the said ter received u,s 244A of the come tax Act,1961 be treated as part of come from busess eligible for deduction u,s 80P or be treated as come from other sources so that deduction u,s 80P cannot be cimed. ' BY: P.Mohana Kumar No answers yet View Answers | Post Answers |
| 845 |
Nov. 20 2005 |
Deivative Tansactions –
(DIRECT TAXES)
Dear Sir, Fom curunt year 2005-06 dervitaive transactions future options are to be conred as delivery baed bussess and not a specutive bussess. If it is delivery based normal bussess, then what amount of transacton is to be treated as turnover? Total amount of transaction or mearly difference amount ? Suposse 15 lots of Reliance purchase future for one month at total Rs. 4000 today and the same lots are sold after one week at total Rs. 4600000 then what is the amount of turnover ? Rs. 4600000 or Rs.100000 (Rs. 1 kh may come by differnce of daily marg) ? If total amount of Rs.4600000 is to be conred as turnover then audit under section 44AB is required ? ' BY: MEHTA JAYSUKHLAL THAKARSHI No answers yet View Answers | Post Answers |
| 840 |
Nov. 19 2005 |
10 A exemption - whel local sales and export sales are there –
(DIRECT TAXES)
sir, my client is havg an export turnover of 1 crore . and local turnover of 1 crore. but the local turnover is simply on no profit and no basis. what i mean to say is there is no sgle rupee profit from local sales. the export turnover yielded a profit of 11 cs . now, whether for calcutg eligible profit for calcutg exemption under sec. 10A once aga i say that there is no profit from local sale. just we purchased goods and supplied the same at cost price without any profit. whehter 11 cs should be taken or should it be bifuricated the proportion of export turnover to total turnover? kdly crify me this regard regards chandiprasad gchandiprasad@yahoo.com ' BY: gchandiprasad No answers yet View Answers | Post Answers |
| 827 |
Nov. 18 2005 |
932 –
(INDIRECT TAXES)
It May be Noted This Regard That Rential complex has been defed as Rential Complex means any complex comprisg of i) a buildg or buildgs ,havg more than twelve rential units ii) a common area ,and any one or more facilities or services provided. The housg Colony ,mentioned the quion will have 20 divdual units ,so the each Buildg or all the 20 buildgs will not have more than 12 rential units. This beg the Situation whether service tax is applicable. ' BY: Manoj Kumar Agarwal No answers yet View Answers | Post Answers |
| 829 |
Nov. 18 2005 |
Service tax on Job Work –
(INDIRECT TAXES)
Whether service tax is applicable on job work ( the nature of handicraft work)executed by a proprietorship firm? ' BY: Ajay Sharma No answers yet View Answers | Post Answers |
| 834 |
Nov. 18 2005 |
INSURANCE BROKER - CORPORATE/NON-CORPORATE –
(MISC.)
1.WHAT ARE ALL THE CONDITIONS TO ACT AS A BROKER UNDER IRDA ACT? 2. CAN AN DIVIDUAL BECOME A BROKER UNDER IRDA ACT? MENTION FEW OF THEM NOW DOG BUSESS UNDER THE IRDA ACT? ' BY: GANESH K A No answers yet View Answers | Post Answers |
| 838 |
Nov. 18 2005 |
Non receipt of C Forms –
(AUDIT)
What will be the reportg requirement both for Tax ,Audit, if a company rarely,frequently fail to get a few of C Forms. Further, if it is required to pay the difference of Sales Tax. ' BY: Satish No answers yet View Answers | Post Answers |
| 818 |
Nov. 17 2005 |
IMPORT OF GOODS NOT MEANT FOR SALE WILL ATTRACT PROVISION FOR REGISTRATION UNDER DVAT? –
(INDIRECT TAXES)
WHETHER IMPORT OF GOODS NOT MEANT FOR SALE WILL ATTRACT PROVISION FOR REGISTRATION UNDER DVAT ' BY: VIPUL BARANWAL No answers yet View Answers | Post Answers |
| 822 |
Nov. 17 2005 |
Question on JE on sale of fixed assets –
(MISC.)
What would be the JE for the sale of fixed asset? Origal cost - Rs.10000 WDV - Rs.6000 Sale conration - Rs. 11 ' BY: Sathish N No answers yet View Answers | Post Answers |
| 809 |
Nov. 16 2005 |
Section 194J Tax Deduction at Source –
(DIRECT TAXES)
Whether Tax has to be deducted at source u,s 194J for Delegate Fees paid for semar organised by an stitute? ' BY: Rekha Joshi No answers yet View Answers | Post Answers |
| 814 |
Nov. 16 2005 |
DEDUCTION U/S 80IB- FOR INDUSTRIAL UNDERTAKING-SSI –
(DIRECT TAXES)
WHETHER DEDUCTION U,S 80 IB IS AVAIBLE FOLLOWG CIRCUMSTANCE. A PVT. LTD. CO. HAVG 2 UNITS STATUS OF VMENT FIXED ASSETS AS ON 31.3.2005 - UNIT 1 - 40 CS UNIT 2 - 110 CS THE COMPANY HAS SATISFIED ALL THE CONDITIONS SPECIFIED U,S 80 IB(2) PROD. STARTED ON DATED: 1.4.2001 AT THAT TIME THE VMENT FIXED ASSET WAS AS UNDER UNIT 1 - 40 CS UNIT 2 - 30 CS WE R CIMG DEDUCTION U,S 80IB SCE F.YR.2001-2002 SEPARATELY FOR ABOVE UNITS , AS THE COMPANY AS A WHOLE WAS AN SSI UNIT. BUT AS ON TODAY I.E.31.03.2005 THE COMPANY AS A WHOLE IS NOT AN SSI , BUT DIVIDUAL UNITS ARE SSI. 1) WHETHER DEDUCTION IS AVAIBLE TO UNIT I OR IT IS NOT TOTALLY AVAIBLE TO THE COMPANY AS IT IS NOT AN SSI UNIT AS A WHOLE AS ON 31.03.2005? 2) WHETHER STATUS OF SSI IS TO BE SEEN AT THE TIME OF ITIAL YEAR OR IT IS TO BE SEEN AT THE END OF EVERY YEAR OF CIMG DEDUCTION ? ' BY: RISHIKESH JAISWAL No answers yet View Answers | Post Answers |
| 816 |
Nov. 16 2005 |
ACCEPTANCE OF BANK REVENUE,CONCURRENT AUDIT FOR WHICH PERIOD SHOULD BE COMMUNICATED TO RBI? –
(AUDIT)
AFTER APPLYG FOR BANK EMPANELMENT ACCEPTANCE OF REVENUE AUDIT UPTO WHICH PERIOD SHOULD BE COMMUNICATED TO RBI OR PDC COMMITTEE AND HOW? ' BY: GAJENDRA C BANDI No answers yet View Answers | Post Answers |
| 817 |
Nov. 16 2005 |
FBT –
(DIRECT TAXES)
A Private Ltd Co has taken Keyman surance Policy on the life of one of its directors few years back and the premium paid is debited to P & L A,C every year and allowed as busess expendtiure IT asst. Whether the premium paid the current fiscal attracts FBT? tap v kutti ' BY: tap varadakutti No answers yet View Answers | Post Answers |
| 801 |
Nov. 15 2005 |
Indebtness Causes disqualification to become Auditor Under Section 226(3)(d) –
(CORPORATE & OTHER LAWS)
Extract from the Act,1956 Section 226(3)(d) a person who is debted to the company for an amount exceedg one thousand rupees, or who has given any guarantee or provided any security connection with the debtedness of any third person to the company for an amount exceedg one thousand rupees Quion : 1)Whether the debtedness is anytime durg the fancial year or due at the end of the fancial year. 2)Whether advances given agast expenses for out of pocket expenses etc, are termed as debtedness. ' BY: B. HARIHARA SUBRAMANIAN No answers yet View Answers | Post Answers |
| 803 |
Nov. 15 2005 |
service tax on commission –
(INDIRECT TAXES)
A proprietorship concern is the commission agent of various sugar mills. Whether there is any service tax liability on the proprietorship concern to charge service tax on commission ' BY: ATUL CHOUDHARY No answers yet View Answers | Post Answers |
| 808 |
Nov. 15 2005 |
S.10 B - 100% EOU - procedure –
(DIRECT TAXES)
Dear friends, Thanks to MR.Ajay Kumar, Mr. Vaikundam and Mr. Sivadas Chettoor for crifyg on form 56 G. What is the procedure for gettg approved as 100 % Exported Oriented Undertakg u,s 14 of the dustries ( Developmemt and Regution) Act 1951 Regards M.A.Mohamed Shafi, B.Com. F.C.A. PGDCS shafi78647@yahoo.com ' BY: Mohaamed Shafi No answers yet View Answers | Post Answers |
