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Shyam Lal Naik's Expert Profile

Queries Replied : 1861

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About me

    What kinds of questions I can and can't answer?
    Can answer queries on Service Tax. This is a new area of taxation. I do take great interest in developments in the fields. Can answer queries on Income Tax as well.

    My area of expertise
    Service Tax, Income Tax

    My experience in the area (years):
    6 years

    Organizations I belong to:
    Calcutta Industrial Supply Corporation

    Publications or writing which has appeared :
    Service Tax Review, a fortnightly journal published by Centax Publications Pvt. Ltd.

    Educational credentials:
    CA Finalist, Also pursuing LLB

    Award & Honors:


  • Murtaza I Bhagat says : Pls help sir
    Dear experts, I have to know If I am a Person who Purchase Cattles(ike..buffalo,cow,goat etc.,)and sales in Cattle camps... My T.O cross Rs.1 Crore in a yr.... Pls Explain me what i have to do about IT and TAX audit under which Sec.. in above case. or if I done this thing in base of Commisssion (means Two Party 1 Purchaser 2. Sellor...3 Me commission agent)but payments of Purchase deposit in my Bank A/c & then I withdrawl & give it to Seller....but in that case my Bank A/c is using and their T.O goes over 1 Cr in a yr. Pls Guide me what should I do in this circumstances... Thanks in advance

  • Murtaza I Bhagat says : Pls help sir
    Dear experts, I have to know If I am a Person who Purchase Cattles(ike..buffalo,cow,goat etc.,)and sales in Cattle camps... My T.O cross Rs.1 Crore in a yr.... Pls Explain me what i have to do about IT and TAX audit under which Sec.. in above case. or if I done this thing in base of Commisssion (means Two Party 1 Purchaser 2. Sellor...3 Me commission agent)but payments of Purchase deposit in my Bank A/c & then I withdrawl & give it to Seller....but in that case my Bank A/c is using and their T.O goes over 1 Cr in a yr. Pls Guide me what should I do in this circumstances... Thanks in advance

  • Murtaza I Bhagat says : Pls help sir
    Dear experts, I have to know If I am a Person who Purchase Cattles(ike..buffalo,cow,goat etc.,)and sales in Cattle camps... My T.O cross Rs.1 Crore in a yr.... Pls Explain me what i have to do about IT and TAX audit under which Sec.. in above case. or if I done this thing in base of Commisssion (means Two Party 1 Purchaser 2. Sellor...3 Me commission agent)but payments of Purchase deposit in my Bank A/c & then I withdrawl & give it to Seller....but in that case my Bank A/c is using and their T.O goes over 1 Cr in a yr. Pls Guide me what should I do in this circumstances... Thanks in advance

  • Murtaza I Bhagat says : Pls help sir
    Dear experts, I have to know If I am a Person who Purchase Cattles(ike..buffalo,cow,goat etc.,)and sales in Cattle camps... My T.O cross Rs.1 Crore in a yr.... Pls Explain me what i have to do about IT and TAX audit under which Sec.. in above case. or if I done this thing in base of Commisssion (means Two Party 1 Purchaser 2. Sellor...3 Me commission agent)but payments of Purchase deposit in my Bank A/c & then I withdrawl & give it to Seller....but in that case my Bank A/c is using and their T.O goes over 1 Cr in a yr. Pls Guide me what should I do in this circumstances... Thanks in advance

  • Murtaza I Bhagat says : Pls help sir
    Dear experts, I have to know If I am a Person who Purchase Cattles(ike..buffalo,cow,goat etc.,)and sales in Cattle camps... My T.O cross Rs.1 Crore in a yr.... Pls Explain me what i have to do about IT and TAX audit under which Sec.. in above case. or if I done this thing in base of Commisssion (means Two Party 1 Purchaser 2. Sellor...3 Me commission agent)but payments of Purchase deposit in my Bank A/c & then I withdrawl & give it to Seller....but in that case my Bank A/c is using and their T.O goes over 1 Cr in a yr. Pls Guide me what should I do in this circumstances... Thanks in advance