CA PARAS BAFNA's Expert Profile

Queries Replied : 9397

I am a practising CA from Surat

Sharing the knowledge is my hobby.

Favourite field of activity is Income-tax .

What kinds of questions I can and can't answer?

My area of expertise

My experience in the area (years):

Organizations I belong to:

Publications or writing which has appeared :

Educational credentials:

Award & Honors:

Shubham Soni says : issue of preference shares to crediors
can a listed company issue preference shares to creditors in lieu of consideration? if yes, can a creditor break the lock-in period of one year and sell the shares,what is the procedure?

Pravin Kumar Hota says : Company Law
Hello, I would be very obliged if you can tell me the steps and procedures involved in conversion of Compulsorily Convertible Debentures into share capital under the Companies Act, 2013. My email id is pravinkumarhota@gmail.com. Thank you.

GauravJ says : Way to Adjust or Get Refund Excess TDS Deposited
Please help me out by guiding me How to get Excess TDS amount refund. Can an assessee use unavailed TDS deposited in next quarters? Say, Mr A deposited 10000 instead of 1000 erroneously , now Can he avail the balance unused TDS credit i.e. 9000 in succeeding quarters. otherwise what are the options available to assessee so as to get the funds back. Read more at: http://www.caclubindia.com/experts/modify_message.asp?entry_id=856959 Read more at: http://www.caclubindia.com/experts/excess-tds-deposited-1796189.asp#.VBLm0_mSxH1

CA SUNIL GOEL says : Proprietor having 3 businesses
Hi One of my client is an individual having 3 proprietorship firms in his name. The total turnover from all the three firms is less than Rs. 1 crore. He wants to adopt 44AD for 2 of his firms and wants tax audit as per 44AB for the 3rd firm. Is it possible. How ?? Plz reply. Its urgent.

LNC says : Joining Bonus recovery is not reflecting in Form16
Hi Sir, Need your advise on how to reflect(in IT Return for tax exemption) joining bonus of Rs:75,000 which is recovered from me for leaving the organization within one year. Same has been reimbursed from my new Employeer. I have been taxed on both the instance. While checking with my previous employer they said the joining bonus was given in FY 2012-2013 and recovery was done in FY 2013-2014 it will not reflect in Form 16 which is issues for FY-2013-2014 by previous employer. Is there any way that this can be accommodated to avoid paying excess tax for the same amount ?