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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satish kumar says : case law
sir in our case the AO has make the addition by assuming the stock/ sale of scrab and empty drums and more ever this issue is never discussed during assessment proceedings and make the 2nd addition by assuming the house hold expenses of both the partners Rs.12000pm each. ......... please provide us relevant case law which are helpful in appeal.........

Madan says : Regarding Subsidiary
Sir, you have clarified me about my query. Can you please be bit still clear like,Sir, so there will be no other issues in Income Tax & Accounts point of view? Profit of Sub will sub's only. point comes only at the time of consolidation time or any other case still? Ans will be the same for Sub in abroad also? What about the treatment of foreign exchange difference at the time consolidation? Kindly clarify me SIR! (Paras Bafna)

MOHAMMADANISH S. JETHARA says : long term capital gain calculate
thanx for reply sir can you calculation the answer with figure and put such a ex set figure of tax or nil?