Bhaskaran Chackrapani Warrier's Expert Profile

Queries Replied : 22307

Graduate of Kerala University.

Fellow member of ICAI.

What kinds of questions I can and can't answer?

My area of expertise

My experience in the area (years):

Organizations I belong to:

Publications or writing which has appeared :

Educational credentials:

Award & Honors:

Sheetal Bhatia says : Digital Signatures
Hello Sir, as you are aware, Digital Signatures has been made mandatory for companies since last one year. Looking at its growing importance it may not be wrong in stating that it may soon also be made mandatory by IT for all categories of tax payers. We provide digital signatures (to both non-individuals and individuals) at very attractive rates & within half an hour of providing the request. We request your help in providing us clients for the same. Please reply via return reply for further details required. We would be highly grateful for your help.

CHIRAG says : help required
if my sales excl of vat are 39,00,000 and vat colleced is 2,93,000, so total sales incl of vat is rs 41,93,000, then am I liable for mvat audit or income tax audit. Vat amt & sales are both shown seperately and bifurcated at time of purchase and sales. Confusion is : whether in defination of sales (it includes vat or excludes it ?) someone told that in mvat sales is considered as sales + vat, therefore I am liable to mvat audit. But in income tax defination of sales is only sales excluding of vat collected, so I am not liable to income tax audit. Is the above mentioned correct. I am talking for financial year 2009-10. PLs guide me Thanks

niraj says : Please Help
I have my Law exam today. I am not sure if amendments of 'The payment of bonus act'(Criteria Rs 3500 revised to Rs 10000) and 'Payment if gratuity act' are applicable for this attempt.. Please reply..

Jitendra says : derivatives loss set off against business income
Dear Sir, My father was dealing in derivatives (Stock Futures & Stock Options) had incurred a loss of 73,689/-for the assessment year 2010-11, he also had business income from LIC Commission and did not set off the loss from derivatives against this business income. Can he set off his carried forward derivatives loss against his business income from LIC Commission in the assessment year 2011-12.

sunil says : pls reply
I want to understand the concept of wct & composite tax. It seems very confusing while understanding their difference. can you pls help me in suggesting some good books, which can help me in understanding the concept of VAT, CST, exise, modvat, cenvat along with their calculations / examples. I want to have a clear and detailed knowledge about it. pls suggest.