Nikhil Kaushik's Expert Profile

Queries Replied : 24293

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

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Paul says : TAX QUESTION
Can you help me in this little question a client/individual is supposed to receive some referral fee for a consulting job overseas. the company is deducting corp tax of 20% in UK from the fee received by the client/individual in India. and they would remit the balance along with a copy of tax deducted being sent for records. will this tax deduction of 20% by the UK company as proof is enough for the indian entity to file tax that has been paid in UK or is there any other taxes that the indian entity has to pay.or any indian IT dept will ask him to pay? as he has already being taxed by the payee overseas, can you help in this matter. Paul.

D. SANTOSH KUMAR says : due dates
dear sir, good morning, as we know the due date for itr is 31 july, 44ab is 31 sep. My doubt is, whether the IT Returns be filled prior to the specified dates. e.g. for fy 13-14 due date is 31 july 2014, can I file it now.

NITINBHAI PATEL says : income from salary
A person,who worked in private shop and salary paid him in cash. How can file his return.... i have little confusion. can we file his return(income comes from salary)under ITR-1 or (income from other source) under ITR-4. because he works at local shop and he is not getting any salary certificate from the employer. the employer does not have TAN no. & PAN no. & a person who worked as driver. he is getting salary in cash and not getting any certificate for his work because he is working at some one's home as personal driver of family members. please suggest that his return can be file under ITR 1 ? if yes then what to write in the name of employer ?

Viresh says :
Hi sir u have answered my queries before and Please help me in this regard.. As per institute rules we have to take 156 days(ie 1/6th of our working days), now i want to know whether such leave includes the days i taken for Orientation ITT and GMCS also.. Please help me in this regard..

A V R says : capital gain
if 4yers old plot (value 200000) and new construction bunglow (6 month old) (value 300000) sold for rs 700000 then what is capital gain means plot portion gain called long term and bunglow portion gain called short term ? if yes then how to calculate the plot gain means sale value?? Read more at: http://www.caclubindia.com/experts/ask_query.asp