CA Rachit Agarwal Profile

CA Rachit Agarwal

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2 Articles
18 Questions
184 Answers

Chartered Accountant, Area of Interest- Direct Tax, Indirect Tax, Corporate Finance.

Showing 1 to 18 of 18 Results

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Showing 1 to 18 of 18 Results

Issue Id: 3558

Section 11 & 12 of income tax

We wish to know whether interest income received by trust registered pursuant to provision of Section 12AA of the Income Tax Act, 1961 is also available for exmeption u/s 10 and 11 of the Act if the . . . Read Full Issue

Asked By Ca rachit agarwal

13 Nov 2011

1 Answers

4893 Views

Issue Id: 2906

Foreign remittance

I want to know whether every remittance would be accompanies by Form 15CA and 15CB? or requirements of Form 15CA and 15CB will only be required whether there are deduction of TDS pursuant to Section . . . Read Full Issue

Asked By Ca rachit agarwal

18 Mar 2011

1 Answers

1071 Views

Issue Id: 2859

Applicability of revised schedule vi

MCA has notified both Revised Schedule VI. Kindly confirm the applicability date with the notifications. As appearing the MCA web site, the same would be applicable for the Financial Statement . . . . . . Read Full Issue

Asked By Ca rachit agarwal

03 Mar 2011

2 Answers

5472 Views

Issue Id: 2787

Renting of residential houses

Company "A" is engaged in the business of letting our residential houses. Company assessee "B" received the residential houses from "A" and let out the same to employees. Whether letting out of . . . . . . Read Full Issue

Asked By Ca rachit agarwal

15 Feb 2011

1 Answers

1343 Views

Issue Id: 2463

Companies act- subsidiary/ holding

As per Section 4 of the Companies Act, 1956 if the company holds more than 50% of the equity shares then such company would be holding company. Whether Joint Venture company floated by different . . . . . Read Full Issue

Asked By Ca rachit agarwal

10 Dec 2010

1 Answers

1272 Views

Issue Id: 2416

Cenvat credit

We are manufacturing a commodity which is excisable. As as an expansion to our existing unit and new products, we have purchased capital goods on which excise duty has been paid. Commercial . . . . . . Read Full Issue

Asked By Ca rachit agarwal

03 Dec 2010

1 Answers

891 Views

Issue Id: 2359

Member contribution to huf

Please clarify whether the contributions made by members to its HUF, is taxable in the hands of HUF. Contibutions of the members is considered under the Capital Account of HUF. As HUF being the . . . . . . Read Full Issue

Asked By Ca rachit agarwal

14 Nov 2010

2 Answers

3245 Views

Issue Id: 2331

Source of income- section 9(vii)

If "A" the non resident of US, performs the professional services (Analysis and Testing) in US, in respect of goods exported from India to US. Payments received for such services from India. 1. . . . . . Read Full Issue

Asked By Ca rachit agarwal

31 Oct 2010

1 Answers

1737 Views

Issue Id: 2321

Pan requirements for payments made to non resident

Comapany assessee is making payments to non-resident for sea freight in relation to export of goods for which TDS is NIL as per the DTA. Seafreight being from India to the country outside . . . Read . . . Read Full Issue

Asked By Ca rachit agarwal

27 Oct 2010

1 Answers

1204 Views

Issue Id: 2297

Tds provisions

Assessee is making the export of goods. Assessee is paying the sea freight to Non Resident shipping company for the export of goods outside India. Payment to shipping company is being remitted . . . . . . Read Full Issue

Asked By Ca rachit agarwal

18 Oct 2010

1 Answers

4372 Views

Issue Id: 2295

Importance of section 139 (8a)

Could anyone tell me the importance of interest chargeability under Section139 (8A) of the Income Tax Act Read Full Issue Read Full Issue

Asked By Ca rachit agarwal

18 Oct 2010

1 Answers

1158 Views

Issue Id: 2286

Section 195

Company "A" is a resident assessess. "A" export some material to other country. Material is subject to analysis by a non resident of the country to which it exports. Company "A" makes the payment for . . . Read Full Issue

Asked By Ca rachit agarwal

12 Oct 2010

2 Answers

1226 Views

Issue Id: 2279

Section 195

Asked By Ca rachit agarwal

09 Oct 2010

1 Answers

1262 Views

Issue Id: 2267

Section 195

Asked By Ca rachit agarwal

29 Sep 2010

3 Answers

1960 Views

Issue Id: 2261

Registration certificate amendment

In order to make addition to list of finished goods manufactured and avail the cenvat credit on the capital goods for the manufacturing of the added finished goods, whether it would be sufficient to . . . Read Full Issue

Asked By Ca rachit agarwal

26 Sep 2010

1 Answers

9461 Views

Issue Id: 2260

Interest on tds

Whether interest paid on delayed payment of TDS is deductible expenditure? Is there any case law. Various opinion has come: 1. As income tax is not deductible and TDS being income tax, hence . . . . . . Read Full Issue

Asked By Ca rachit agarwal

26 Sep 2010

1 Answers

7951 Views

Issue Id: 2259

80ia benefit querry

There is limitations for availing 80IA benefit for the following business undertakings: 1. Telecommunicaiton Services- 31.03.2005 2. Develops, operates, maintaines Industrial Park- 31.03.2011 3. . . . . Read Full Issue

Asked By Ca rachit agarwal

26 Sep 2010

1 Answers

2118 Views

Issue Id: 1927

Whether depreciation is allowed pre-commencement of business such as computers, office equipment. As per Section 32, depreciation is allowed on the basis of put to use, not on the basis of . . . . . . Read Full Issue

Asked By Ca rachit agarwal

11 May 2010

1 Answers

6218 Views

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Showing 1 to 18 of 18 Results

184 Replies on 171 Issues

Page of 9

184 Replies on 171 Issues

Issue Id: 4792

Online data retrevial

A US Based company is providing Online Books & Journal to Indian clients who are mainly colleges, universities . As per current business model, company is having subscription agents in India and who . . . Read Full Issue

Asked By Sanjeev sharma

05 Oct 2012

1 Answers

1168 Views

Issue Id: 4380

Reversal of service tax credit on sale of raw material

Whether service tax credit taken on GTA, Chargo handling & Business auxiliary service for procuring the Iron ore (raw material for sponge iron manufactrer) is required to reverse on sale of of some . . . Read Full Issue

Asked By Harishanker patel

17 Jul 2012

1 Answers

8440 Views

Issue Id: 4376

Payment of service tax on reversed charge method.

Some of our service providers covered under works contracts were not crossed the turnover limit of Rs. 10 Lacs in previous financial year 2011-12. Hence, they have not taken any service tax . . . Read Full Issue

Asked By Vinay wakde

16 Jul 2012

1 Answers

7601 Views

Issue Id: 4369

Telephone bill and other service tax bill

Dear Khatri sir We are manufacturing machinery for pharmaceutical product and take excise registration in april2012, service tax registration will be registration next month. My question is can we . . . Read Full Issue

Asked By Manoj raut

13 Jul 2012

1 Answers

9471 Views

Issue Id: 4368

Is wealth tax return online ?

How Wealth Tax Return to be file online or Manual ? Is return form available on net ? Read Full Issue

Asked By Dharmendra kasle

13 Jul 2012

1 Answers

5369 Views

Issue Id: 4364

Reverse charge- on work contract

Under reverse charge mechanism, 50% service tax is to be paid be contractee. As per Section 65B(54) "works contract" means a contract wherein transfer of property in goods involved in the execution . . . Read Full Issue

Asked By Sanjeev sharma

13 Jul 2012

1 Answers

6718 Views

Issue Id: 4354

Gta under notfn.# 15/2012

Sir, In preview of notfn no.15/2012 dt.17.03.12, how much amount of service tax is to be paid by the person receiving the service. 100% or 25%(i.e.after 75% abatement. Regards, Mridul Sethi Read Full Issue

Asked By Mridul sethi

10 Jul 2012

1 Answers

1447 Views

Issue Id: 4225

We are ssi or iem?

We are confused whether we are SSI or IEM As per 2012-13 budget, Small Scale and ancillary units (i.e. undertaking with investment in plant and machinery of less than Rs. 6.0 million and Rs. 7.5 . . . Read Full Issue

Asked By Yujin kim

07 Jun 2012

1 Answers

16431 Views

Issue Id: 4216

% of tds on non resident indian.

Dear All, Please suggest us what % applicable if payment made to non resident indian for designing charges & also for non domestic company. Read Full Issue

Asked By Dharmendra singh

04 Jun 2012

1 Answers

1373 Views

Issue Id: 4214

Gift v/s relinquishment

Capital Gains will be for the giver who is relinquishing the rights or taker (new person who gets the property rights) Read Full Issue

Asked By Rahul bagaria

04 Jun 2012

1 Answers

1184 Views

Issue Id: 3829

Time gap between two allotment

Dear All, We have made a allotment of shares in Jul'11 and want to issue further shares. Cat it's possible if no than what is the time gap between two allotment. Read Full Issue

Asked By Anil roy

18 Feb 2012

1 Answers

9569 Views

Issue Id: 3828

Cenvat credit

plz sir/madam, plz provide me in detail whether service tax input on service tax paid toward carriage inward, domastic carriage outward and export carriage outward is available or not. if availble . . . Read Full Issue

Asked By Nitin jain

18 Feb 2012

1 Answers

1389 Views

Issue Id: 3602

Section 43b of the income tax act

Asked By Amit sharma

27 Nov 2011

1 Answers

16342 Views

Issue Id: 3588

Sale of packing material

Is scrap sale of packing material is always saleable dutyfree, If yes then what we do if we purchase dutyable product... Mridul Sethi Read Full Issue

Asked By Mridul sethi

22 Nov 2011

1 Answers

5418 Views

Issue Id: 3557

Whether service tax payable considering inclusive bill or exclusive?

Sir/Madam, I am a Service Provider and Have Drawn the Bill on my Customer as Follws: 100 BAsic 10 Service Tax 2 E/C 1 SHEC and Customer Pays me Rs/- 100 so shall i need to pay tax on 100 or assuming . . . Read Full Issue

Asked By Vartik choksi

12 Nov 2011

1 Answers

6479 Views

Issue Id: 3554

C. e. paid before registration can availed cenvat credit

Dear All, We are in progress for set a new unit and in this process we have paid Central Excise to our vendors for purchasing Machinaries, Electrical Items, Iron Made Shed etc. Now, we are going to . . . Read Full Issue

Asked By Anil roy

12 Nov 2011

1 Answers

15426 Views

Issue Id: 3553

Depreciation

without offering income can deprecaition allowable on wind mill or not Read Full Issue

Asked By Chintalacheruvu prasad

11 Nov 2011

1 Answers

1282 Views

Issue Id: 3547

Refund of tax

Dear sir / Madam, Facts 1) A Director of a public limited Compnay who is in receipt of remuneration/ professional fees ( After deducting TDS) from company over and above remuneration allowed under . . . Read Full Issue

Asked By Naresh chowdhary

10 Nov 2011

1 Answers

1437 Views

Issue Id: 3546

Refund of service tax

Dear Sir, Assessee is exporting the goods and not registered with central excise as well as service tax. the assessee is paying huge amount of service tax on service related to export. assessee want . . . Read Full Issue

Asked By Deepak sharma

10 Nov 2011

1 Answers

1482 Views

Issue Id: 3542

Payment to director

Dear Sir Whether any advance can be paid to Directors against remuneration and can be adjusted against remuneration due in subsequent month. At the end of the year all payments has been adjusted . . . Read Full Issue

Asked By Sanjay misra

08 Nov 2011

1 Answers

1432 Views

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184 Replies on 171 Issues

Showing 1 to 2 of 2 Results

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Showing 1 to 2 of 2 Results

Non banking financial companies - statutory compliance for non banking finance companies

Written By Ca rachit agarwal

31 Mar 2011

12757 Views

Direct tax impact on- individuals, corporates and others

Written By Ca rachit agarwal

01 Mar 2011

1525 Views

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Showing 1 to 2 of 2 Results

CA Rachit Agarwal

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Organization

Balaji Coke

Connected

August 2009

Income Tax

Allied (Direct Tax)

International Taxation

Income Tax Case Laws