CA PARAS BAFNA's Expert Profile

Queries Replied : 9397

I am a practising CA from Surat

Sharing the knowledge is my hobby.

Favourite field of activity is Income-tax .

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Mahender Singh says : about gift by relative
sir i read your answer on gift by parent/relaive on following link http://www.caclubindia.com/experts/tax-free-limit-for-cash-gift-from-parent-s-gift-deed--888705.asp can you tell me please tell that in case in which son gives Rs5000monthally to his mother then can this be shown as gift in ITR? and should be do to proof this transaction if it happens in cash without any paper work?

reez says : on ACCA
What kind of professional would discriminate other professions. I am an ACCA student and found the reply to question rather discriminating. Kindly educate yourself as being a CA expert on basic professionalism and how could CA who is supposed to give unbiased independent opinion provide rather uneducated criticise about a profession he doesnt knowthe basics of. ACCA- Association of Chartered Certified ACccountants which was found in 1904 has been in existence before indian CA and are both globally recogonised. letting you know as being an ACCA student, the need to clear the air.

ABHIMANYU KUMAR says : PLS HELP ME SIR
HELLO SIR I AM ABHIMANYU KUMAR FROM VARANASI I READ IN B.COM 3RD YEAR. I B.COM GIVE EXAMNINATION IN MAY 2014 AND I THINK TAKE ADDMISSION IN CA IPCC COACHING CLASSES PLEASE TELL ME THIS IS RIGHT YA WRONG DECISION PLESE TELL ME SIR .

Nirmal Jain says : Can we claim ded u/s 80CCA if Oth Sour Inc set off
Hello Sir, How do we claim deduction u/s 80CCA (Int from Saving Bank A/c), if an individual also run business and his Income from Other Sources (incl. Int from Saving A/c and other Interest Income) is setting off against Loss from Business. Q1: At the first place, Can we set off Int from Saving A/c against Loss from Business? If yes, then how to claim ded u/s 80TTA? If No, then can we at least claim ded u/s 80TTA? Could you please clarify at earliest. Thanks, NC Jain

Madhu says : TDS not mentioned while filing returns
Hello sir, whiling filing returns for AY 2010-11, I had not mentioned TDS. I am salaried employee and had paid all the taxes for that year and same is reflected in Form 16 & 26AS. IT department have sent me a notice asking me to pay taxes for that year. What should I do to get this corrected?