shivaji prasad bhimavarapu's Expert Profile

Queries Replied : 317

About me

Practicing since1991 as a CA. specialized in Income-Tax,Project Reports.Also dealing with Service tax,Sales tax.Presented papers relevant to Income-Tax.Interested in value addition in knowledge.

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Ajay Thakur says : How to adjust
How to adjust if for example debtors balance shows 1cr and creditors balance shows 20lack then how to adjust in balance sheet

Member (Account Deleted) says : Bank Guarantee Available for Discounting
Dear Sir I have a Bank Guarantee of 10 CR INR issuer Bank : State Bank of India and looking for discounting . Please advise if I can avail your services in relevance Warm Regards Ravvinder Whatsapp : + 91 8500886060

Abhilash Padival says : Rent Paid to parents who live in rented acco
Dear Shivaji Sir, I have been following your posts and replies for quite a while now. Here's my query: Can I pay rent to my dad, who inturn lives in a rented accomodation. I pay him a rent of 44k, he in turn pays a rent of 22K. The difference of 20K can we show that as income from other sources for him?. He has a PAN and currently does not earn any income. The income from other sources would be 2.4 lakhs and that would not be taxable for him (i.e. senior citizen) Do you think this would be a safe option?. This will allow me to enjoy the entire HRA exemption of 42K. Thank you sir

CA SONIYA AGARWAL says : REQUEST FOR MAIL ID
RESPECTED SIR , MAY I REQUEST YOU FOR YOUR MAIL ID , I HAVE SOME SPECIFIC PROBLEM ON PROJECT REPORT FOR BANK FINANCE

ATUL says : tds liability on whom
in that case.... we recd amt of sale proceeds.... main q....who will liable for tds...recd payment after comm...not allow to deduct comm.....who will responsible for tds ?????