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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Venkateswara Rao Sapare says :
DIRECT TAXES CODE BILL, 2009 Document Identification Number, Sec 261 (4) “Any document, letter or correspondence, received by the Department, any income tax authority or any other person acting on behalf of the Department or the income tax authority, shall be treated as invalid and shall be deemed never to have been received, if it does not bear a Document Identification Number referred to in subsection (3). It certainly provided an opportunity to the department personnel to make illegal / illegitimate money by not generating this DIN or not accepting any document from any person, on some or other obscure reasons. Ground reality is different in the Revenue Department, why is it neglected in this draft code? It should enable any person to submit any document and same must be accepted by the department without any itch / objection, but it does not take place. In such helpless situations, there should be a mechanism wherein any document from any person must be received and be given DOCUMENT IDENTIFICAION NUMBER. As long as the documents are routed through the REVENUE DEPARTMENT, for every transaction, it encourages the personnel of revenue department to pocket some money from the persons, approaching with any document, highlighting / misleading with one or other reasons, and applying time consuming tactics, irritating the approaching persons. Let the Revenue Department assess the contents / correctness of the document on acceptance, not on pre acceptance. When e-returns are enabled, why not we adopt the very procedure on acceptance of any document, letter or correspondence from any other person?

Ravi Agarwal says : Showing Bank Load in B/S
Dear Sanjay Ji, can you please enlighten me on the correct approach to mention Bank Loan in the balance sheet, if it it taken for constructing a godown, repayable in installments, say 4 installments.

bipin says : TDS
KNOW TDS

mayank says : notes
sir aap mere ko law ke notes de secte ho ipcc ke plz mere paper nov 2010 me hai

DEEPIKA TYAGI says : Permanent Establishment in India
Dear Mr.Sanjay Gupta; I need the information regarding : Checklist and procedure Formation of permanent establishment in India.Can you help me out if so please send the mail at below mail ID: primecfo@hotmail.com , Thanks in advance ,Deepika Tyagi