Nikhil Kaushik's Expert Profile

Queries Replied : 24294

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

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mahaveer dhelariya (devta) says : is audit require?
i am not agree with ur answer, b'coz total income 200000/- (for fy 2012-13 to 2013-14) limit se kam hone par 8 % se kam profit show karne par bhi audit ki requirement nahi hai. na ki gross total income 200000/- se kam honi chahiye.

Gaurav Verma says : pls answer
http://www.caclubindia.com/experts/itr-5-remuneration-to-partners-u-s-40-b--1773879.asp

Vanita says : Presumptive Income
which ITR form is applicable to assessee having presumptive income along with more than one house property income. Also, please let me know that will there be any tax complications, if the total income after deducting exempt income becomes less than 8% of turnover,under computation of income. Please Guide me.....

chetan says : Registartion of Email and Mobile Number
One of my client age of 76 years retired from Government Job. He is pension holder liable to submit his I.T.R. He neither use mobile nor email, he is alone at his home. His son was died in an accident at his younger age. his total income exceeds Rs. 5 Lakh. so efiling is mandatory. For Communication he use Landline phone. Is it justified to presecuted an old man by I.T Department. Means first he has to purchase mobile then computer and learn to operate computer then email and so on. After all that file i.t Return. Is it fair ??????

Saakshi says : classification of lease
hi, can u help me with the following query of mine..? if the lessor MAY sell the leased asset to the lessee at the end of the lease term, will it be a Sale Type Lease or an Operating Lease as per US-GAAP?