About me
Chartered Accountant
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What kinds of questions I can and can't answer?
Accounts, audit, direct tax, indirect tax and capital market
My area of expertise
Income tax, accounts, audit, project finance, Custome and excise
My experience in the area (years):
15 years
Organizations I belong to:
CA in Practice
Publications or writing which has appeared :
CACLUBINDIA
Educational credentials:
B.Com, CA
Award & Honors:
Helping hand
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Sandeep
says
: Query regarding STCG Tax from sale of a flat
Hi, Are you able to kindly respond to following query? Thanks in advance for your time on this. 1. Can interest paid on bank loan be used as a deduction for STCG tax? 2. I live overseas and I took some personal loan overseas which was then used to make initial deposit of 20% towards purchase of flat. Can I claim deduction on the interest paid for STCG tax? 3. I have incured some losses from equities which I purchased in the same financial year as the sale of property. Can I deduct these losses again the STCG tax? 4. Can losses incurred in a different financial year be deducted against STCG tax? Both (loss and gain) relate to different financial years. Thank you very much! -
sreejith y
says
: late filing of tds return
sir, if any gets notice from income tax of india for late filing of tds return financial year 2012-13 -
RAKESH TANWAR
says
: capita gain exempyion u/s 54 f
sir , Can Assesse get exemption by investing in his father"s hose(for Constrction) -
sachin
says
: WCT_in Karnataka
we had subcontracted local vendor for civil work in Karnataka SEZ, Now We are going to Bill to Public Ltd Co. billing description are as below. Our query in this regards are as following 1. we unable to keep track record of Material to be used in WCT can we use composition tax if yes then what rate should we charge to OMPL 5% or 5.5% 2. Can we get set off in composition scheme 3. What is the Regular Tax Rate in Karnataka for WCT (CIVIL, Installation of Plant & Machinery, ERECTION & Commissioning ) 4. If Public Ltd (principal Contractor)Company undertake to pay Tax we will get exemption but what about our subcontractor they will also get exemption or we have to bear tax -
Jatin Patel
says
: Clarification on Tax Residency Certificate
Sir, can u please guide me if non submission of TCR will attract TDS on interest accrued on term deposite held in NRE account.
- I.t.return
- Capital gain
- Tds u/s 195
- Ltcg / under construction flat / selling before or after pos
- Agriculture income
- Un secured loans.
- Filing of income tax return of the year 2010-11
- It return
- Disclosure of income tax refund
- Tds on processing fee
- Return for assessment year 2011-12
- Dtaa with usa - fees for professional service
- Short term capital gain tax on sale of house property
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