CA PARAS BAFNA's Expert Profile

Queries Replied : 9397

I am a practising CA from Surat

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Favourite field of activity is Income-tax .

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Arpit Shah says : LAW
Negotiable instrument act 1881 can anybody plz help me in understanding and solving d following mentioned question? Q 1 D is induced by A to draw a cheque in favour of P, who is an existing person. A instead of sending the cheque to P, forges his name and pays the cheque into his own bank. Can D recover the amount of the cheque from A s banker?

NILADRI BIHARI PANDA says :
Huf property Partion as on 30.11.1992 one share holder MR X hold 555(AreaDCML) out of which( 100 Area DCML)sold to mr y Rs 8 lacks as on 10.4.2007,and balance 455area dcml transfer to builder as on 03.06.2009 for construction of 38 flats out of which land owner hold 12flats and received 40lacks as security (Refundable) and flats completed in 12-13 f.y land owner unable to refund the security by which he sold 2 flats out of 12 flats to builder Rs 43,90,000.00 and out Rs 40 lacks , he invested in 2 lacks in lic and 3 lacks in f.d and balance Rs 35 lacks in 10flats what is the capital gain tax and capital gain? Read more at: http://www.caclubindia.com/experts/modify_message.asp?entry_id=638637

Dileep says : Maintaining books of accounts as soft copy
At the end of the year, is it compulsory to print hard copies of the various ledgers, cash books, journal books etc? or can we maintain the records in tally?

NAVEEN CHAWLA says : signing of itr
person other than director can digitally sign the itr - 6 of private company

kashyap says : TDS on stipend less than 7000/month
Hi Sir, Please tell me if stipend of 6000Rs/month is subjected to TDS. The internship is for 6months