CMA. CS. Sanjay Gupta's Expert Profile

Queries Replied : 24107

About me

"PROUD TO BE AN INDIAN"

Hi!

I am Sanjay Gupta from "City of Joy - Kolkata". I have completed ICWA, M.Com, CS, DIM and currently pursuing MBA. Presently i am working for Hindustan Aeronautics Limited, Barrackpore Division as a Dy. Manager (Finance). Prior to this, for last 3 years i worked for "West Bengal Industrial Development Corporation Ltd" as Officer On Special Duty and before that for 3.5 years i worked for "Jekay Group of Companies" as Manager (F & A).

I am a part of caclubindia Family to share whatever knowledge i have and also to enhance my own knowledge. We all learn something everyday, because education never ends be it in school, college, institutions or in Journey of Life.

My message to all "Keep Sharing your knowledge to help people. Knowledge increses by sharing and not by preserving"

Thanks for visiting my profile.

CMA. Sanjay Gupta

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harshit surana says : Sir are we required to file Nil returns For TDS

pritam says : TDS on subscription for NASSCOM
Hi i want to know whether TDS is applicable on NASSCOM subscription for Rs.1404500+s.tax if yes please let me know under which section and corp or non corp pritam

sreekumar says :
Sir, 1. In some text books it is seen that 25% of the profit of a banking company is transfeered to Statutory Reserve. But in some it is seen as 20%. Which is correct? 2. For calculating the rebate on bills discounted, in ascertaining the number of unexpired days, days of grace are not taken in some texts and on some, days of grace have taken. Which is correct?

Ankush Rawat says : Salary
Dear Sir, there is a employee who have a received a monthly salary Rs 24,500/- per month. Kindly help me out to classify her salary like amount of 1) Basic Salary 2) D.A. if any 3) H.R.A. and other allowance we can provider her so that there is no tax liability on her , but also does not have any investment from her side. i want to divide her salary so that there is no due tax liability on her. This for the A/Y 2014-15. women case and she is married Thanks, Ankush Rawat Read more at: http://www.caclubindia.com/experts/modify_message.asp?entry_id=677098

nageshmagaji says : IS KTEG APPLICABLE IN THE YEAR 1997-1998
WE ARE IN TO DEALING OF SAREES, WE HAVE MADE INTERSTATE PURCHASES i.e HANDLOOM GOODS WORTH RS.1,03,170/- IN THE YEAR 1997-1998,AND IN THE YEAR 2003, I HAVE RECEIVED NOTICE SAYING THAT I HAVE TO PAY TAX ON THE PURCHASE AMOUNT i.e RS.1,03,170/- AND WITH NO INTENTION TO AVOID IT I HAVE NOT PAID TAX. AGAIN IN THE YEAR 2013-2014 I HAVE RECEIVED NOTICE SAYING THAT"YOU HAVE FAILED TO PAY TAX u/s 13(2) of the KST ACT 1957" 1% OF 1,03,170 = RS.(1,031/-)+PENALTY(RS.1994/-) GRAND TOTAL=RS.3025/- Sir please tell me do i have to pay tax on entry of handloom goods which is exempted,please please assist me in this matter as they have limited the time to 7 days