Nikhil Kaushik's Expert Profile

Queries Replied : 24294

I handle tax compliance, litigation and advisory services. I am reachable at canikhilkaushik @ gmail.com

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Harshith says : sec 10(23C) vs 12A
Sir, Aren't the benefits same under both the sections 10(23C) and 12A? WHy would an educational institution want to register u/s 10(23C) when its income is anyway being exempt u/s 12A? Are there any further advantages?

ramana says : loss on sale of car
which account head created in tally plz specify

HARSH KUMAR BHARDWAJ says : Regarding Leave during Articleship
1.) I started my training on 1st Oct 2011. Till 29th Jan 2014 I took 82 day of leave out of which 24 are my compensatory off (I worked on Sunday for which I took leave for another day i.e. Monday, Tuesday etc). Please tell me what will be my pending leave at present. 2.) My CA Anil Khanna is against this that 24 day of compensatory leave will not be included in calculating of actual leave taken. I took an expert opinion from CAclubindia and two of the experts said the compensatory off will not be included in calculation of actual leave taken. But my CA Anil Khanna is insisted for this. So what will be the remedies for this? 3.) I told my CA that I need a minimum 3 months of Leave for CA Final Exams may 2014 but he is giving me just 2 months of Leave. It will be difficult for me to prepare myself for exams within 2 months. I want to clear this exam in first attempt. So what will be the remedies for this?

ramana says : sale of audio car
Anonymous asked 4 minutes ago Answer now Sale of audi car Hi Good Morning Experts i have one doubt for sale of car, i have purchased a audi car on 31.03.13 for Rs, 5086530 towards a bank loan taken 4129000, balance i have paid a cheque to olympus motors pvt ltd, i have bank loan emi paid upto 28.01.2014 outstanding balance 36,21,051.54. i have agreed to sell a car 30,00,000 to customer. customer has paid onbehalf of mine in name of finance volkswages pvt ltd and i have preclosure payment 8,55,705 total ( 3855705) to volkswagen finance pvt ltd , plz specify how to enter into books of sale audi car and close of the bank loan. plz asap Read more at: http://www.caclubindia.com/experts/experts_display_list_unresolved.asp?mode=open#.Uus_EPu6lTM plz nihkil put a journal entry asap

ramana says : sale of audi car
Hi, Nikhil Hi Good Morning Experts i have one doubt for sale of car, i have purchased a audi car on 31.03.13 for Rs, 5086530 towards a bank loan taken 4129000, balance i have paid a cheque to olympus motors pvt ltd, i have bank loan emi paid upto 28.01.2014 outstanding balance 36,21,051.54. i have agreed to sell a car 30,00,000 to customer. customer has paid onbehalf of mine in name of finance volkswages pvt ltd and i have preclosure payment 8,55,705 total ( 3855705) to volkswagen finance pvt ltd , plz specify how to enter into books of sale audi car and close of the bank loan. plz asap Read more at: http://www.caclubindia.com/forum/sale-of-audi-car-279590.asp#.Uus9jvu6lTM