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

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:

Sachita Sawant says : account
Hello sir, I have a 1 question, in relation to the maintaining project accounting reconciliation with ho We have paid the salary for the month of march to project i.e.25000/- less deducting the tds of Rs.1030/-=23970/- we passed the entry in our account in 31 st march & TDs also we have passed in 31 st march but in project account they passed the net entry i.e.Rs.23970/- in April please help me what is the to passed the entry relating with this matter we are showing the chq. in transit also

Rohit says : Section 50c of I Tax Act
Hello Sir, I have 1 question, In relation to Section 50C of the Income Tax Act, Deemed Value for Sales Consideration for land or building, Section suggests to have sales consideration to be consider as per “assessable value” or sales consideration whichever is higher. But in this scenario, what could be the Cost of acquisition, suppose it is short term asset, and say Sales Value as per assessable value is 6.5 lakhs and actual agreement value is say 3 lakhs, so assessee has to pay tax with considering sales value of 6.5 lakhs, now the cost of acquisition for the same as per agreement value was say 1.6 lakhs but the assessable value say 5 lakh at the time of purchase, so in this case, computation would be as follows, Under Section 50C, Full Value of Sales Consideration (being assessable value and not agreement value of Rs 3 Lacs) Rs. 6.5 Lakhs Less: Cost of acquisition (instead of 1.6 lacs agreement value) Rs. 5.0 Lakhs Short term capital Gain Rs. 1.5 Lakhs Just to know my understanding above is correct or not?

kajal c. mehta says : TDS query
sir, in the 3rd case of TDS , if a person Deduct TDS on 1/1/2009 due date of deposit is 7/2/2009 bt he has deposited on 8/2/2009 den int. leviable for 2 month . but if he deposited the same on 7/2/2009 den interest will be nil . how it is justifiable ?????

Harsh Shah says : Company Law
Sir will you just send me the amended Schedule 6 of the companies act as soon as possible. as i m having my exams in this May'11