nilesh gupta's Expert Profile

Queries Replied : 22

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About me

    What kinds of questions I can and can't answer?
    Tax deducted at sources, income tax planning,project, subsidiesed agri based industry(New Project).

    My area of expertise
    Taxation , Project financing, liosioning etc

    My experience in the area (years):
    8 years.

    Organizations I belong to:
    Nilesh Gupta & Co. , a sole proproetership CA firm.

    Publications or writing which has appeared :
    n.a.

    Educational credentials:
    CA

    Award & Honors:
    N.A.

  • sachin Patni says : Cash purchase above 20000/-
    My problem is still there that what about for the F.Y. 2007-08 For the purchase above 20,000/-. Actually reply my as per following cirucumstances:- Purchased material out of Local Area where we don't have any relation with the delaer b'coz of this we have to made cash purchase of material for above 20000/-. Tell me what about SECTION 40 A [3] OF THE INCOME TAX ACT-1961 RULE 6DD (J) The Above rule suggesgt That if we have not relation with the party OF Out side of Local Area, Party don't have Bank A/c , or Party deny to accept the D.D. in respect of Payment then in such circumstances we have wrights to make payment of cash purcahase above rs. 20000/-


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