CA PARAS BAFNA's Expert Profile

Queries Replied : 9397

I am a practising CA from Surat

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Favourite field of activity is Income-tax .

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gopal sharma says : Excise
Sir, We can not eligible to take credit due to currently we are not covered in Excise so , and we want to take a rebate or any exemption on purchase of CNC machinery, Because our supplier is covered in Excise and they pass Excise duty to us but we are not eligible to take a credit for the same so how we can adjust the purchase and sales transaction,The machinery base Price is more than 20,00,000/- and ++ excise so cost price is very high and we can't take a credit for the same so this is one type of cost on our head therefore i would like to requesting you that how we can purchase the same and let me know that there are any scheme for SSI Industries to purchase the Machinery without payment of Excise or any rebate etc. Kindly do the needful & oblige.

bhavik trivedi says : notice under sec 148
Assessee has received notice for asst year 2008-09 dated 31st march 2015 on 8th April 2015. on being suspicious about the validity of the same we came to know that notice is actually booked for parcel through speed post on 7th april. which is actually time barred notice (beyond 6 years)also referring the case law of kanubhai m patel HUF gujarat high court similar situation. based on that it is clearly time barred. now my query is 1. assessee has to applied for time barred notice under whose jurisdiction i.e. write letter to the A.o. stating clearly giving fact of time barred notice or file the writ petition to the high court? 2. what could be the possible consequences or the action that department may take if they are not agreed with our proposition? 3. is there any supreme court judgement where similar issue were discussed and settled then please provide.

Bhawna Sharma says : TDS
Sir, Please Tell me how to prepare a TDS return in Web-E Td-DS Software

CHIRAG says : query resolution needed
I am female proprietor of trading concern having turnover of 30 lakhs and gp is rs 4.18 lakhs, np is 2.18 lakhs. I am partner in a firm and only earn profit share of rs 9,000. and earn bank interest of approx 3,000 per anum. 80 c deduction is 1 lakh, mediclaim is 15,000. can I file itr 4s, and if yes then where to show partnerdhip exempt profit ?

UDAY KHEMKA says : MCA Public documents
Hi Ajay, Our Organisation is working on a financial analysis tool. We want to give customized reports as per different customer segments. Now my query is, who all are the users of MCA "View Pubic Documents" or say "Inspection of company Records". We also would like to have a rough idea on %share of users for these documents. If you are going to do some research, kindly share the link. Thanks and Regards