CA CS CIMA Prakash Somani's Expert Profile

Queries Replied : 2223

About me

TAX ON SALARY DATEDIF FORMULA COLOR MAGIC in EXCEL NCFM MBA CA CS SAP Ayurveda Lawyers IndiaStudyChannel Games Linkedin Rediff Gmail INDUSTRIAL TRAINING Bank Audit CFA (US) TDS Service Tax CPE CA Firms Health Budget Yoga Ratio Analysis VAT SOX

Hello everybody, I really don't know where to start from.
I am basically a friendly person but not the one to take the initiative when confronted with a new person. But once the ice is broken, I spare no efforts in charming the other person.
I am an avid reader. Books are my passion. No matter how busy I am, I always manage to find time for reading. I also enjoy good food, Hindi music & a good cup of coffee.
I am a fun loving guy want to enjoy life as much as possible. I like making friends and I am a good friend. I love taking risks.

I am a determined person and works hard to achieve what ever I determines...,I have very strong will power..., full of confidence... a bit extra confident some time but manages to achieve my goals and never gives up attitude.

Always do whatever I think. I live life in my own special way. Always do whatever I think. Make own rules and follow them. Always Thing about these lines, when i do any thing:-

“Quality is never an accident, It is always the result of high intention, sincere effort, intelligent direction and skillful execution; it represents the wise choice of many alternatives”

Ultimate Vision of my life

1. “To be able to look back and not have any major regret – to feel satisfied that I lived a life that mattered.”

2. “The woods are lovely, dark and deep
But I have promises to keep
And miles to go before I sleep
And miles to go before I sleep.”

3. "It's good to be important but it's more important to be good"

I think that’s the best I can describe myself and like I said earlier if you want to know more about me get in touch with me.

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 :

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Award & Honors:

MEGHA KANNAN says : Sir
Sir, In your tds rate chart for AY11-12 you have not included Tds on dividend 2(22)(e)-Sec 194 I am not pinpointing sir.. But there is a change in the rate from 10 to 20% so that's the reason i asked.. Your Excel is of great help Thank you sir

tahir says : L.T.C.G.
SIR I WANT TO KNOW THAT LTCG OR STCG WOULD BE TAXABLE IN ASSESSE'S INCOME UNDER EXEMPTION LIMIT

vaibhav says : Regarding TDS not deducted by previous employer
Hello Sir, I have a problem concerning TDS not deducted by my previous employer. I worked in a startup consulting company in noida for 4 months during July 2010 to October 2010 (which is also the start of my professional career as i am 2010 passout and this was my campus placement). I suspect my previous company have not submitted the TDS amount against my PAN for these 4 months. I checked this information on NSDL website in FORM 26AS which shows TDS for only 2 months deducted by my present company. My previous company ofcourse deducted some amount against TDS but they have not given any tax computation sheet or any other proof referring the company as startup company and not having any system in place at the moment. I wish to ask about how to deal with situation and what prblems it can cause at the time of ITR filling.

atul zanwar says :
SIR, IAM COFUSING ICSI COURCE,BUT WEAKNES ENGLISH , HELP ME

pulkit says : TDS on incentive to professional
Sir My client has made payment to certain resident professionals as incentives for the efforts in getting a project. No TDs is deducted on this transaction . in normal coarse it deducts TDS u/s 194j when pays retainership fees to them . Plz clarify whether TDS is required to be deducted on the incetive ? if yes then under which section.