CMA. CS. Sanjay Gupta's Expert Profile

Queries Replied : 24107

About me

"PROUD TO BE AN INDIAN"

Hi!

I am Sanjay Gupta from "City of Joy - Kolkata". I have completed ICWA, M.Com, CS, DIM and currently pursuing MBA. Presently i am working for Hindustan Aeronautics Limited, Barrackpore Division as a Dy. Manager (Finance). Prior to this, for last 3 years i worked for "West Bengal Industrial Development Corporation Ltd" as Officer On Special Duty and before that for 3.5 years i worked for "Jekay Group of Companies" as Manager (F & A).

I am a part of caclubindia Family to share whatever knowledge i have and also to enhance my own knowledge. We all learn something everyday, because education never ends be it in school, college, institutions or in Journey of Life.

My message to all "Keep Sharing your knowledge to help people. Knowledge increses by sharing and not by preserving"

Thanks for visiting my profile.

CMA. Sanjay Gupta

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faru faru says : HI
SIR U HAVE ANY IDEA ABT TALLY?

DAS77 says : U/s 195 A
A foreign salaried person to be paid salary of net tax. The tax will be paid by the company. Please can anyone provide a formula to calculate the same. As per sec.195A,where under an agreement TDS is borne by the person by whom the income is payable ,then for the purposes of tax deduction ,such income shall be increased to such amount as would ,after deduction of tax ,be equal to the net amount payable under such agreement . Therefore ,the Indian Company shall deduct the following Tax deducted at source from the salary paid. Eg.1 Net Taxable Income - Rs. 790524. How do we calculate gross taxable income? Eg.2 Net taxable Income - Rs. 520000. How do we calculate gross taxable income? Eg.3 Net Taxable Income - Rs. 2983000. How do we calculate gross taxable income? My email id: ddas77@rediffmail.com

Jai Prakash Kashyap says : Suggested notes
Sir, I need u notes for appearing june examination. I will be very grateful to you. my email id are : advocatejai@in.com or jaijp25@gmail.com

Harsh Singh Solanki says :
AS13 says that carrying amount of Long Term Investment usually at Cost, or if there is decline in value of investment which is not temporary, then carrying amount of investment is reduced by the amount of such decline. My doubt is if there is an increase in value of investment after 1 year of purchase of such investment which is not temporary, then what would be the carrying amount of investment for the purpose of Balance sheet? I also want the logic behind this?

Jignesh Desai says : Section 80 C
If a person invests in a 5 year Tax Saving F.D. or in an E.L.S.S. scheme on behalf of his spouse or children , can he claim this amount as deduction from his Gross Taxable Income under Section 80 C in his Income Tax Return ?