Nikhil Kaushik's Expert Profile

Queries Replied : 24294

I handle tax compliance, litigation and advisory services. I am reachable at canikhilkaushik @ gmail.com

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:

Kushagra Rastogi says : 26QB CORRECTION
Hi I have filled incorrect 26QB due to which my TDS amount showing incorrect and in challan status it is showing partially consumed now how can i correct 26QB

AMAR GANDHI says : Further query on your response as Business income
Thanks for the response Nikhil on my query regarding treating Equity trading as Business income. But if I show share trading as Business income, can't I claim expenses (mobile bill/internet/electricity, STT, etc. )? For eg. As an individual tax payer, even if my net income is Rs. 10 Lacs, I have to pay STCG on Rs. 7 lacs i e. Rs. 1.4 lacs STCG @ 20% while if I show it as business income, I can show some expenses and reduce my net taxable income. Please suggest. Thanks

karthikr says : contract employee tds rate
Hi Nikhil, Good day! Could you please confirm the TDS rate deducted for contract employees under Section 192C? Should it be 1% or 2%? The employees are part of the Finance Team, while others are in Technical roles.

karthikr says : contract employee tds rate
Hi Nikhil, Good day! Could you please confirm the TDS rate deducted for contract employees under Section 192C? Should it be 1% or 2%? The employees are part of the Finance Team, while others are in Technical roles.

Mahesh S M says : GST
Hi Sir, I have reversed the ITC under 17(5) in this month 3B. How can I reclaim that in future when I receive Invoices from supplier?