CA CS Amit S. Kedia's Expert Profile

Queries Replied : 1933

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About me

Dear Colleagues..

I am Amit Kedia.  I have compeleted CA and CS from Mumbai. Currently working with Kewal Kiran Clothing Limited, Mumbai.

At Caclubindia,my one and only aim is to Learn, Gain and Share knowledge/information/experience as much as possible from/with my professional colleagues, expert members and other querists.

Thanks to CaClubIndia....

Thanks for visiting my profile..

 

 

    What kinds of questions I can and can't answer?
    Questions requiring knowledge of Income tax, company law,service tax, excise etc. Apart from that questions of Accounting standard and revised schedule VI.

    My area of expertise
    Income tax, Service tax, revised schedule VI, audit etc

    My experience in the area (years):
    5 years

    Organizations I belong to:
    Kewal Kiran Clothing Ltd

    Publications or writing which has appeared :
    None

    Educational credentials:
    CA,CS

    Award & Honors:
    Rank holder in CA CPT

  • pramod says : loan exp
    DEAR SIR, I HAVE A INTERESTING CASE HERE, 1. I AM TRYING TO GET LOAN AGAINST PROPERTY, 2. THEY ARE GIVING ME LOAN TOP OFF , AS THEY HAVE ALREADY GIVING HOME LOAN AGAINST THE SAME PROPERTY AND HOME LOAN IS GOING ON, EARLIER. 3. I WISH TO INVEST THIS LOAN AMOUNT SAY 10 LACS TO MY COMPANY, THEY CAN GIVE US CHEQUE IN THE NAME OF COMPANY AS BEING PROPRIETY FIRM, I WISH TO ENQUIRE, CAN I CLAIM ANNUAL INTEREST OF LOAN AS COMPANY EXPENSES WHEN, I WILL USE THIS MONEY FOR COMPANY EXPENSES AND BANK CAN ALSO DEDUCT THEIR PRINCIPALS A S PER THERE CALCULATION, AS IT WILL HAVE A FIXED TENURE TERM LOAN. 4. SECOND CASE – IF I FURTHER PURCHASE AN INDUSTRIAL PLOT WITH THIS MONEY, IN SUCH CASE, CAN I CLAIM ANNUAL INTEREST AS COMPANY EXPENSES WHEN, I WILL USE THIS MONEY FOR COMPANY EXPENSES. 5. THIRD, SINCE HOME LOAN IS ALSO GOING ON, IN SUCH CASE, I WAS TOLD BY MY CA THAT EITHER YOU CAN CLAIM INTEREST EXEMPTION OF HOME LOAN OR YOU CAN GET INTEREST EXPENSES IN COMPANY EXPENSES, CAN I CLAIM BOTH, INTEREST EXEMPTION AGAINST HOME LOAN UNDER IT RULE OF HOME FINANCE AND FURTHER AMOUNT OF LOAN INTEREST THAT IS ISSUED TO ME IN COMPANY NAME, I CAN SHOW ITS INTEREST EXPENSES AS COMPANY EXPENSES, PLEASE ADVISE. PRAMOD

  • zakir says : Hey
    is there exemption in cs foundation course for ca cpt passes students...? are there exemp in papers in executive programme for ca ipcc passed students ..? are there exemp in executive programme for bcom students...?

  • Vikash Premkishor Shukla says : wrong name filled in registration form
    As register in icsi execative for 2013 december but when recived registration no & letter there was mistake in name as first name was written in last name & last name was written in first name so what to do now is there any way to correcrt it plz help me

  • Varun says : CS
    Please direct me with regards to SIP program in CS's executive program sir... Thanks in advance sir

  • Sumith says : TDS
    Why people pay 1 % and 1.5 % interest on TDS for late payment. What is the Difference ?


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