Nikhil Kaushik's Expert Profile

Queries Replied : 23957

In case you are looking for tax compliance or advisory services, you can reach me at canikhilkaushik @ gmail.com

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Madhu says : Pls Suggest!! Late Filing U/S234E
Dear Expert, We have received a notice from the Income tax dept reg late filing fee u/s 234E which would come around 26000 for the first quarter. We had done the payment of tds on 7th of every month but filing was delayed. Is there any possibility to avoid paying this fee. Pls Help what should be done in this case. Regards, Madhu 9894583826

phani ram says : SAP Software capitalization
sir, one of my client implemented sap software in business but it is completed only in few businesses so how can i capitalize them based on number of users or on any other basis.

lovehate says : 80c FD's
Is there any penalty for early withdrawal FD's under 80c if sole holder is no more???

ak mangal says : ST applicable on what amount?
I have to submit a quotation for a big cooling tower system on LSTK basis. The tender documents term it as 'indivisible contract' but price is to be quoted separately for Materials (Supplies) and Services (erection cost). My question: Is ST lapplicable on total lump sum cost of work or just on the cost of services (i.e., erection price). Please advise urgently. Thanks in advance. akmangal@yahoo.com