Sunil Kr. Sanganeria's Expert Profile

Queries Replied : 593

About me

I am Chartered Accountant, Cost Accountant and Company Secretary having an experience of 22 Years. I am Director- Accounts of Batlivala & Karani Securities India Private Limited

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C.A Alok Mukherjee says : Gratuity trust
Sunilji, I had read your comment in a forum where you had advised there is no need to file income tax return by the Trustee (lic group gratuity), but you have also stated that trustee is to submit a copy of balance sheet to the IT Authority. My question different experts are telling that trust is to file a return in ITR -7. Here lot of members got confused. Submission of balance sheet to IT Authority by trustees does it require audit also? Secondly, where this submision is mentioned? We are a public limited company in kolkata formed lic group gratuity fund, can you please guide us about this?

stel says :
can u send me the amendment stating eligibility of gratuity from 4 years & 6 months? it is urgent.

Iqbal Singh Grover says : Renting if immovable property
4 people jointly own a property which has been rented for Rs.12 Lacs a year. Though each one is getting only Rs.3 Lacs each but the total figure of rent is more than Rs.12 Lacs. Will ST be applicable in this case ? Should the joint owners get ST No. as an AOP ? Please support your answer with relevant extracts from the finance act or court judjements.. Thanx..

CA Viswanadh says : TDS on contract payments
We have a service provider whose services we did not expect to cross Rs.75000 at the beginning of the year. So we did not deduct tax earlier. However in January his transactions with us increased beyond Rs.75000. So we are deducting tax for all transactions from April. My doubt is whether we have to pay interest for delayed deduction.