CA RAMESH KUMAR AHUJA's Expert Profile

Queries Replied : 1508

About me

I am a science graduate, law graduate and Chartered Accountant. I have also qualified DISA from ICAI.

I am in practice for about 30 years and take care of Income Tax, Accounting, Audit, Company Law, Service Tax, Bank Audits and System Audit assignments of corporates, LLPs, Firms, Individuals, AOPs etc. I have also been attached to Capital Market Companies where I was heading Business Monitoring department with profile of monitoring of Policies, development of new business strategies, formulation of methods and procedures for the development of business and ways to increase revenues and control the costs.

My other interests are listening Music, teaching pupils, net surfing and playing Badminton. I believe in Karma which is ultimately followed by Destiny.

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vinod says : Others
that means huf of a CA can do business other than practice of CA without institute's permission ?

pawan says : FBT on Free Items
A retailer having scheme like buy worth rs.1000 get steel tiffin free. all offers based on specific purchases and slab wise. whether FBT will attract under gift or sales promotion? please answer

CA Sanjeev Kr Jain says : querry
I have two proprietorship firms. Can I get these tax audited under section 44-AB by two different CAs. If yes, then the details of which of the two auditors shall be filled in ITR-4. Pl also guide if the service tax remained unpaid at the time of filing of ITR be taxable under section 43-B of the income tax or not Dear Mr Ahuja Thanks for reply Pl reply again as my both firms are independent and are engaged in different activities Pl also guide if the service tax remained unpaid at the time of filing of ITR be taxable under section 43-B of the income tax or not

Rajesh says : Section 40A(3)
Prima facie it cannot be said that it will be disallowed u/s 40A (3). The plain reading suggest the same meaning but what is required to see the nature expenses and reason why such debit and credit was standing in the books and reason for squaring off.