Aditya Maheshwari's Expert Profile

Queries Replied : 9425

I am a Chartered Accountant in practice in Mumbai in the field of Direct Taxation, Audit, Company Law Matters and LLPs.

My motto in life is "Prepare for the worst and expect the best"

Thanks for your time for visiting my profile

Thanks & Regards

CA Aditya Maheshwari

B. Com., A. C. A., DISA (ICAI)

What kinds of questions I can and can't answer?

My area of expertise

My experience in the area (years):

Organizations I belong to:

Publications or writing which has appeared :

Educational credentials:

Award & Honors:

PARTH says : reset password
i had send mail to incometax department for reset of pasword. what is by default password???

RISHABH JAIN says : 44AD
i am a dealer in ydes and chemicals I have sold goods worth Rs. 3,80,290/- and received commission from same business of Rs. 2,98,307/- now my net profit including commission is Rs. 2,74,990/- & excluding commission is a loss of Rs. (23,317/-) As per section 44AD 8% income of Total Turnover or Gross Receipts is to be booked. My query is that whether above said commission can be included in "GROSS RECEIPTS" as per the section or will i have to show a profit of 8% on the figure of Sales????? plz rply soon

nitesh agarwal says : land owners sevice tax liability
. Assessee 'X' is the land owner and assessee 'Y' gets that plot of land developed called the land developer. Both X and Y belongs to Jain Group only. Land owner Co. 'X' and Developer Co. 'Y' enters into a Joint venture agreement with a specified ratio say 70% of constructed area to developer and 30% to land owner. Is land owner assessee 'X' liable to pay service tax to developer for developing his portion of constructed area i.e., 30% on this JV agreement? If yes then, whether service tax paid by 'land owner' to 'developer' (input tax) is adjustable against service tax paid to Govt. which is collected from customers (output tax). 1b. Now, assessee 'Y' Developer Co. is also one of the 10 land owners and all land owners decide to develop the property jointly to enter into an MOU/agreement stating that Y Co. will look after all the construction work and will also arrange/invest total funds for construction & for which he will get 80% constructed area though he owns 10% land only. Similarly all other land owners will get 2% of the constructed area each though they own 10% of the land. Is service tax applicable in the above case? And whether input tax can be set off against output tax as explained in the previous case. 2. Also let us know whether sale of car parking to the flat purchasers has been included in service tax. If yes from which date? So far as i know it was not applicable in car parking.

vijaya kumar says : TDS
Sir, Good after noon, Please give me a notes on TDS percentages for the accounting year 2011-12 and accounting treatment process

Noorul says : Repairing Materials for Electronics Items
Dear Sir, Please advice me, I'm doing a Home Appliances (Electronics) business. If i bought any repairing materials like screws, switches wire, solidering materials, under which accounting head i should expenses it for or I should add on the cost of the items.