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Recent Questions

Question added Dec 19, 2013 Income Tax By M K JAIN , CA , New Delhi

answers

320 views

Q. Filing of income tax return by foreign company in india - A FOREIGN COMPANY HAVING NO PERMANENT ESTABLISHMENT IN INDIA BUT CLAIMING ROYALTY AND MANAGEMENT FEE FROM AN INDIAN COMPANY IS REQUIRED TO FILE INCOME TAX RETURN OR NOT. FOREIGN COMPANY IS HOLDING PAN NO FOR THE PURPOSE OF WITHHOLDING TAX.

Question added Dec 18, 2013 Corporate Law By Vishal Purohit , CA , Ludhiana

answers

692 views

Q. Loan to a private company - A Pvt Ltd. concern wants to take a loan from unrelated party.Whether Section 73 ,Companies Act,2013 is applicable in this case as the defination of the term Deposits includes word loan also as defined in Section 2 of the act?
Please resolve my doubt

Anwered By : shankygarg

Question added Dec 18, 2013 Income Tax By HIMANSHU AGGARWAL , CA , North East delhi

answers

287 views

Q. TDS on global income of employee - I want to seek your kind guidance on the below query related to deduction of TDS on global income of our employee.

Back ground of the case
Mr. A was employee of in Indian company XYZ Ltd (Holding Co) till October 2013 but it was transferred to the payroll of subsidiary company DEF Pte. Ltd at Singapore from 1st November 2013 on a project of 5 to 6 months.

DEF Pte Ltd is a company listed under the Singapore laws. As per Singapore laws DEF limited is not liable to deduct any withholding tax as well as employee is not liable to pay any tax there.

Questions require your kind attention

1. Is XYZ Ltd(Holding co) liable to deduct TDS on the income earned by employee from its subsidiary company DEF Pte Ltd in Singapore?

Does holding company need to obtain any undertaking from there employees in question w.r.t their salary earned from Singapore?
2. Under which sections of Income Tax Act, XYZ limited is require to deduct TDS?

3. Is there any way out by which XYZ Ltd can fulfill all the compliance of TDS without deducting the same??

Thanks & Regards,
Himanshu Aggarwal

Question added Dec 18, 2013 Income Tax By CA. Krishnakant Agrawal , CA

answers

310 views

Q. Interest on late TDS deposit - TDS Deducted on 02.11.2013, not paid till 10.12.2013, for how many months interest will be payable?? one or two??!!!

Anwered By : shankygarg

Question added Dec 18, 2013 Corporate Law By BHAVIK MEHTA , CA , Bhuj

answers

164 views

Q. Model of formation for following business. - One of client wants to start following business. Collect small savings from general public periodically i.e.monthly or quarterly and invest this money into Real Estate and pay the public interest annually. Also he want to lend the money to the person who is in need i.e.money landing business. Now my question here is regarding Form of the organisation. Should he form Pvt or Public limited or whether it can be credit society or co operative society or any other form. Under which act can it be registered. and what will be the procedure for the same..??

Question added Dec 18, 2013 Excise By arvind kumar chugh

answers

294 views

Q. RULE 25 OF PENALTY(EXCISE) - how to confiscate the goods under rule 25 of penalty & confiscation chapter.

Question added Dec 17, 2013 Income Tax By manoj kapadiya , mumbai

answers

220 views

Q. holding of share in demate account for long term capital gain - whether required to be hold shares in demate account for one year for long term capital gain

Anwered By : shankygarg SUBHASH KUMAR JHA

Question added Dec 17, 2013 Audit By Farida , Nashik

answers

354 views

Q. Project Report - Hey,Please anyone can forward Project report on school

Question added Dec 17, 2013 Service Tax By Bhavesh H Sanghavi , CA , Gandhidham

answers

354 views

Q. Work Contract - Dear member, in my Company tax department is having practice to charge ST @ 6% as recipient and service provider is also charging ST @ 6% so in total we are paying ST 12% . Service provider shows service portion seprately and the rate is applied on service portion only but the confusion is that do we need to pay ST after abatement i.e 60% as it is for fitting of machinery and to apply 3.6% (12*60%*50%) as reverse chage applicable to us and without considering the option (Method) applied by Service provider. also clarify about Cenvat credit of ST paid to Service provider and as per reverse charge in case 1 and case 2. Thanks & Regards, Bhavesh Sanghavi

Question added Dec 17, 2013 Corporate Law By CA Tushar Patil , CA

answers

215 views

Q. Chartered Accounants Act 1949 - I am Currently Practicing Chartered Accountant under Proprietary. But now i want to surrender my FRN. How can I surrender the FRN?

Question added Dec 16, 2013 Income Tax By R.C.Jain & Associates , CA , Mumbai

answers

288 views

Q. one time payment Capital expenditure or revenue expenditure - Upfront fees (Initial expenditure) paid to Asset Management Company (AMC) and also paid management fees every year to the AMC for managing the funds on behalf of the assessee{Individual making an investment to portfolio management}.
AMC will manage the portfolio of the assessee, as per the agreement AMC will make decision of investment on behalf of the assessee and commitment period is 6 years.
My query about the treatment of the above expenditure, whether above expenditure i.e. Upfront fees and management fees is Capital expenditure or revenue expenditure for taxability purpose.
If any further clarification require please let me know

Question added Dec 16, 2013 VAT By Nitesh kumar gupta , CA , West Delhi

answers

355 views

Q. registration procedure in haryana VAT - which documents are required for the registration under haryana VAT & CST as a proprietor ????
is there are online registration facility available???

Question added Dec 14, 2013 Service Tax By SAURABH GHAI , CA , Ludhiana

answers

359 views

Q. SERVICE TAX - If assesee files ST-3 of FY 2010-2011 today then penalty for late filing of return would be applicable as per FY 2010-2011 rules or present rules????

Question added Dec 14, 2013 Accounts By Harbans Goyal , CA , Ratia Dist. Fatehabad

answers

325 views

Q. partnership - Can A (individual)& A's HUF (Karta is A) are partners in one firm

Question added Dec 13, 2013 Service Tax By Subodh Narang , CA , West Delhi

answers

310 views

Q. Import of service - Our company has made a registration of trade mark outside india for selling of its product in that country.we are exporting our goods from india nad selling there.will it be an import of service?

Question added Dec 13, 2013 Service Tax By SHASHI RANJAN , CA , East Delhi

answers

363 views

Q. SERVICE Tax - In a old business if service are rendered Rs.960000 and next bill are raise to Rs 60000 then service tax payable by which amount ( if these business are new concern then answer are differ or not )

Anwered By : shankygarg

Question added Dec 13, 2013 Income Tax By Kapil Sharma , CA , Ghaziabad

answers

227 views

Q. Fixed Assets - Dear All In one of my clients case an office is allotted to him from Commissioner of Industries, Delhi on lease in 1981, on lease rental basis. The client is paying lease rental annually. And also claim the same as Expense in Income Tax Return. In 2006 The commissioner of Industries comes up with a scheme to convert the lease agreement to Hire purchase Agreement. The scheme got final in April 2011 on following terms and condition which are as follows. That Total Rs 6 lack(nearly) Payable at single go. Out of which a credit of Rs 1.5 Lack is available( i.e. Lease rental paid from 1981 to 2006).
Balance 4.5 lack paid in 2011. I want to know by what amount Fixed assets to be recorded and in which Year.

Anwered By : SUBHASH KUMAR JHA SUBHASH KUMAR JHA

Question added Dec 13, 2013 Service Tax By Kapil Sharma , CA , Ghaziabad

answers

227 views

Q. Place of Provision of Service - Just want some clarification on the issue of Place of Provision of Service.
My client is providing inspection service in the state of Jammu, both my client and the service recipient is situated in Delhi state are the services liable to service tax.
Further, as per Law of J & K GST would be deducted @ 11.5% by the service receiver.
Please guide on this issue.
Would rule 4 apply or rule 8 apply

Question added Dec 13, 2013 Service Tax By Nitesh kumar gupta , CA , West Delhi

answers

230 views

Q. service tax registration no. surrender. - please tell me what are the procedure for surrender service tax registration no. on service tax department and spotting documents for it.
thanks

Question added Dec 12, 2013 Service Tax By Bhavya , CMA

answers

382 views

Q. SERVICE TAX On Freight Charges - In the Invoice we collection Freight charges from the customers . Can I Include the Service Tax on the same. OR A particular Invoice can have the Excise Duty & Service tax together

Question added Dec 12, 2013 Excise By Bhavya , CMA

answers

381 views

Q. ACD-100% Utilization on Capital Goods - Can I utilize the 100% ACD( Additional Customs duty) with respect to Capital Goods since CEnvat Credit rules 2004 says ACD can be taken immediately on receipt of goods. Please quote any case Law or rules

Question added Dec 12, 2013 Accounts By SHASHI RANJAN , CA , East Delhi

answers

406 views

Q. ACCOUNTS - In previous Year purchase a flat and show in the BALANCE SHEET As ASSETS and i want to change its AS INVestment pls suggest me What I do AS per ACCOUNTING STAndard-1 please suggest with what i write inside balance sheet (in previous year no charge depreciation on flat)

Anwered By : shankygarg

Question added Dec 12, 2013 Income Tax By CA Tushar Patil , CA

answers

165 views

Q. TDS Return - Can I file revised TDS return for FY 2008-09 now?

Anwered By : SUBHASH KUMAR JHA

Question added Dec 11, 2013 Income Tax By CA Tushar Patil , CA

answers

315 views

Q. TDS - Section 197 - What is procedure & documents required for obtaining certificate of lower deduction u/s 197(1) of the Income Tax Act, 1961?

Anwered By : shankygarg

Experts Panelist

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Mrattunjay

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PRIYANKA

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Answers Posted : 131

Vaneet Gupta

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Answers Posted : 120

Ketan Samdani

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Answers Posted : 117

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