CA Siddhartha Bhardwaj's Expert Profile

Queries Replied : 9546

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Gajjala Satheesh says : Commission Sales.
Sir, A sales lady is getting yearly salary Rs. 1,80,000/- and Commsission on Sales Rs. 1,20,000/- per annum. As per IT limit for 2 Lakhs only. My query is Salary + Commission = IT. Or Commission is different and Salary is different. Clarify sir. Read more at: http://www.caclubindia.com/experts/modify_message.asp?entry_id=794882

HARSH KUMAR BHARDWAJ says : Termination of Articleship
My friend Is doing CA Articleship in Chandigarh and lives in PG on rent of Rs.7000 (including conveyance and food and all necessities) in Chandigarh but his actual residence is in Gobindgarh which at a distance of about 53 or 54 km from Chandigarh. His father has a shop of confectionery but now from the past few months the income of his father is converted to loss. He and his family are now suffering financial crises due to which he is now unable to pay his rent of PG. His is on stipend and his family is paying all his expenses. Now he wants to take termination and to do some job so that he can makes himself and his family financially stable. Is there any provision in ICAI for this situation so that he can overcome from this situation?

jayaraman_satish says : Purchase tax under APVAT
Let me know if purchase tax is payable in the following scenario Company A with HO in TN dealing in 100 exports. It has a branch in AP from where all the purchases are made. These purchases are made from either farmers or unregistered dealers. The purchases are transferred to HO. Then from there they are repacked and Exported. Is purchase tax payable Us 5 of APT Act

Ratul Goswami says : Sec 44AD
Assesse has supply business. if presumptive income more than 8% declared u/s Sec.44AD, Is it necessary to fill up the information in the ITR form under the Head "In a case where books of accounts of business or profession are not maintained"

utkarsh jain says : Tax query
there is a question asked by my sir from me,that is:- registry done by client. transaction price for that land is rs.4,00,000/-,market price is 15,00,000/-,stamp duty incd. receipt etc. is rs.1,03,000/-.now question is- what will be tax liability and which sec. will affect? how to reduce tax?