CA Gopal Somani's Expert Profile

Queries Replied : 293

About me

Gopal is a Chartered Accountant and Company Secretary. He is State level Ranker (3rd) in 12th and university Ranker (5th) in B.COM and AIR 34 in CMA Inter. He Passed CA in nov.2011. Management Consultant major in Finance having rich experience of implementing Oracle technology. Total experience includes 4.5 years of experience in ERP Implementations and Upgrade and 3.5 years of experience in Financial Modeling, Tax return advice, Auditing financial books and other paperwork with proven analytical abilities and organizational skills.

Recently I have started Youtube channel for CA/CA/CWA students where I'll be uplaoding videos explaining the important concepts of various chapters in Accounts, Costing and Financial Management. Currently I have started with Amalgamation. Below is the link of my channel

https://www.youtube.com/channel/UCJ3kfF_y1TWkfomAJvjWjTw

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Virender Chauhan says : Amounts received by the nominee is taxable
Hi Gopal, I have a query that Amounts received by the nominee is taxable in the hands of nominee or no. Actually, my maternal uncle made me as nominee in his saving account and recently he is passed away so I have a confusion that if I claim that amount so will it be taxable.Will I need to pay any tax on that amount. Even I will not use that money I 'll have to give that money to my uncle's son.

Prince Shivhare says : Works contract
Sir I want to know what is wct deduction in works contract

Tushar Tulsian says : Cash sales bill
Sir I am wholesaler After 1.4.2017 Can we do cash sales of rs 35000 to 40000 /BILL ,without giving any detail of the buyer as it is a counter sales AND GOODS SOLD ARE FOR RESALE PURPOSE FOR EXAMPLE-TEA What information is to entered in SPECIAL FINANCIAL TRANSACTION REPOTING FORM 61A

Tushar Tulsian says : Cash sales bill
Sir I am wholesaler After 1.4.2017 Can we do cash sales of rs 35000 to 40000 /BILL ,without giving any detail of the buyer as it is a counter sales AND GOODS SOLD ARE FOR RESALE PURPOSE FOR EXAMPLE-TEA What information is to entered in SPECIAL FINANCIAL TRANSACTION REPOTING FORM 61A