Shyam Lal Naik's Expert Profile

Queries Replied : 1861

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About me

    What kinds of questions I can and can't answer?
    Can answer queries on Service Tax. This is a new area of taxation. I do take great interest in developments in the fields. Can answer queries on Income Tax as well.

    My area of expertise
    Service Tax, Income Tax

    My experience in the area (years):
    6 years

    Organizations I belong to:
    Calcutta Industrial Supply Corporation

    Publications or writing which has appeared :
    Service Tax Review, a fortnightly journal published by Centax Publications Pvt. Ltd.

    Educational credentials:
    CA Finalist, Also pursuing LLB

    Award & Honors:


  • nilesh shirsat says : Service tax
    Dear sir, I received monthly rental bill for our IInd plant. owner charge service tax in bill. my Que. is can i take credit for excise duty payment. please replay me.

  • Ramdinesh G says : "Interior Decorators Service" or "Design Service"
    What is the difference between this two categories? Eg: -If an Organisation takes technical helps of Foreign Consultant for design furniture of Stadium. Is Service Tax under Reverse Charge payable under "Design Service" as it relates to furniture or is Service Tax under Reverse Charge payable under "Interior Decorators Service" as is part of Stadium?

  • r@K says : tds deductee
    thnks for reply... but why tds provision not attracted sale/purchase transaction

  • Murtaza I Bhagat says : Pls help sir
    Dear experts, I have to know If I am a Person who Purchase Cattles(ike..buffalo,cow,goat etc.,)and sales in Cattle camps... My T.O cross Rs.1 Crore in a yr.... Pls Explain me what i have to do about IT and TAX audit under which Sec.. in above case. or if I done this thing in base of Commisssion (means Two Party 1 Purchaser 2. Sellor...3 Me commission agent)but payments of Purchase deposit in my Bank A/c & then I withdrawl & give it to Seller....but in that case my Bank A/c is using and their T.O goes over 1 Cr in a yr. Pls Guide me what should I do in this circumstances... Thanks in advance

  • Murtaza I Bhagat says : Pls help sir
    Dear experts, I have to know If I am a Person who Purchase Cattles(ike..buffalo,cow,goat etc.,)and sales in Cattle camps... My T.O cross Rs.1 Crore in a yr.... Pls Explain me what i have to do about IT and TAX audit under which Sec.. in above case. or if I done this thing in base of Commisssion (means Two Party 1 Purchaser 2. Sellor...3 Me commission agent)but payments of Purchase deposit in my Bank A/c & then I withdrawl & give it to Seller....but in that case my Bank A/c is using and their T.O goes over 1 Cr in a yr. Pls Guide me what should I do in this circumstances... Thanks in advance


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