CAclubindia

Queries Replied : 405

Employed with an exporter specialising in exports to Supply Chain Retailers. Compliance TDS requirements for Domestic and International Transactions.

What kinds of questions I can and can't answer?

My area of expertise

My experience in the area (years):

Organizations I belong to:

Publications or writing which has appeared :

Educational credentials:

Award & Honors:

Meena Subramaniam says : Service tax and state sales tax on artwork
Hello! I just read your advice on artists and taxes they have to pay. I want to clarify one thing, I am an artist and I only do commissioned work. All my payments are through my sb bank account. My paintings can cost anywhere between Rs 2 lakh to Rs 20,000. How much service tax and state sales tax do I have to pay? I sell outside the state of Kerala where I reside. Can you kindly give me this info? I sell for roughly 2.5 lakhs a year until now.Regards, meena

pratyush says : loan contract between wife and husband
hi...what sort of loan contract should be created between wife and husband where wife wants to buy the property on her name with husband money loan contract should be trouble free even in case there is any problem in the future like divorce/separation etc.?

Goldie says : IT
My brother lives in USA. He has investments made here in Delhi from his NRE bank accounts in several mutual funds, FMP's etc. He has a Pan# and has filed taxes before. In a nutshell his taxes are filed only based on his investements here. He has no salary income from India so he gets forms 16A's, TDS certs, LT/ST Capaital Gain statements etc besides div/interest from his savings, takes them to a CA and within a few hrs his taxes are done. They are quite simple as far as I a concerned. My brother is now looking for a CA (a reasonable person and not high flying & expensive CA!!) and a long term relationship who is well versed in NRI's laws and help him file his taxes. If you have any experience in NRI tax filing, can I have your contact details so he can contact you direclty? Pls. reply at your earliest. Thanks. Goldie

Vaibhav Khanna says : LIC Of Individuals
1. Wether Expense Of Premium on lic policy of indiviuals, will be available to HUF ? 2. Sec 90 over rules the entire act & asks to give the benefit of lower tax to the assesse but this new amendment of PAN for NR renders a good amount of confusion in my mind.

Ankur Shah says :
The nature of our business is that of an Agent who provides Services to Indian Sellers (mostly manufacturers). Our Services include promoting the Indian manufacturers' goods to prospective customers worldwide & generating business for them. For any business that has been generated by us for the manufacturer, we receive commission, as agreed between us & the manufacturers, in Indian Rupees. We raise our Invoice with commission agreed + service tax + cess Hence, our service comes under Business Auxilliary Service of the Service Tax Act. With new manufacturers, certain times we face a problem of explaining them to check with CENVAT rules about credit of Excise Duty against Service Tax paid in the commission paid to us. If somebody could inform us the rule no. / notification of CENVAT / Service Tax under which this credit can be availed by our manufacturers, it will be of great help.