CA Sanat Pyne's Expert Profile

Queries Replied : 2506

About me

I am Founder Partner of S PYNE & ASSOCIATES (CA firm) and is one of the most esteemed members (Fellow) of the coveted Institute, “The Institute of Chartered Accountants of India”. I am B.Com (H) & M.Com. from the Calcutta University. I am also a certificate holder of the following certificate Course .

• Concurrent Audit of Banks.

• Forensic Accounting and Fraud Detection(FAFD)

• Public Finance & Government Accounting

• MSME &START-UP

I am having 23 years of experience in the field of Financial Accounting, Auditing, Taxation, Forensic Audit ,MSME & STARTUP,Finance, Business acquisition and Corporate Compliance.

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Krunal Parekh says : LOOKING FOR AN ANGEL INVESTOR
Dear Sir, We introduce ourselves as Varsha Import & Export Co. newly formed and willing to establish in the Indian Market for the raw material supplies mainly required in Iron & Steel Industries. India being one of the major Steel Producers and Exporters raw material such as metal scrap (ferrous melting scrap) plays a major role where import is concerned. The tremendous demand and short supply has always been a major key role for the trading companies as well as steel importers and exporters. Our product also reflect the same for which we wish to contribute our participation in this major demanding market. With the experience of facilitating as a broker in this market for last 5 years plus, we have been able to manage good relationship in the market. We are not only able to procure the best quality material whether it is domestic or overseas but also we have capabilities to sell the same at the right price through the correct channels. In the past 5 years we have also achieved experience from the overseas market in China, Hong Kong, Singapore and Dubai (U.A.E) Our aim is to start the business with the small quantity of around 150-200 metric tons (MT) for which the estimated cost is around Rs. 5,000,000/- (Rupees Fifty Lacs Only) which includes the cost of the material, duties and other charges, also includes the basic infrastructures such as a ware house and traveling expense (to the origin where-in the material has to be loaded), other minor miscellaneous expenses. Since we expect to procure the material from nearest transit point/origin i.e. mainly from Dubai (U.A.E) having the transit period of just 6 days to the destination port Nhava Seva, Mumbai (India) we, therefore can comfortably move 3 (three) consignments per month or possibly 7 (seven) consignments an average of 2 (two) months. As per our projections and analysis we conclude to have the minimum estimated profit of at lest 10% (ten per cent) excluding all the expenses) on monthly average basis with the above calculations and investments. Higher the turn- over bigger the margin of the profits would be - is our motto. Believing in work is our worship, we have managed to make relations with the manufacturing units and graded traders in Maharashtra as well as in North India such as Gujarat, Punjab and Rajasthan. For detailed project report and projections, if you can let us know the email address where we can send you, it would be a honor to get in relation with you. Further, we wait to hear from you. Thanking you and looking forward for a fruitful relationship in our near future. Yours Sincerely, Krunal Parekh For Varsha Import & Export Co.

Puneeth.H says : Articleship crisis
Dear Sir, My articleship is due to end in few weeks.My main concern is the calculation of leave availed.The only area of concern is ''Should i consider the Days given as holidays between two successive exams days as leave availed''. My principal is of the opinion that,the holiday given between 2 successive exam days should be consider as leave.But when i checked with other offices, i got to know that nobody is considering the holiday between the exam days as leave. Somebody please guide me as i am not aware of the rules. There are many out there who are facing the same issue.Kindly help

Sahil Agrawal says : Query of Income Tax
Dear Sir, I need your help very urgent... One of My client (partnership firm) Paid interest on Unsecured Loan and not deducting TDS also he did not submitted 15G form to CIT office.Now the file was selected for scrutny case and AO May Disallowed this expenses. Please suggest me whether the interest allowable and any case law based on upon it and Is penalty Levied on Non submission of 15G form

nakheeb ghayaz says : Need your Help On Trust activies at TN
Dear Sanat pyne, Kindly Help me in the process of trust activies here after i am struck and i dont know what to do but i like to help the people at the core as much as possible. I like to indrocue my self i am Ghayaz (a) NGR from Chennai/Tamil Nadu. I am just 23 Years old But i have more intreested towards hepling the public. so i have just thinkng about how to go about it and now we have registered the documents of the trust with registar and from now what to do with Income tax office. I dont know all are saying that i should obtain the Income tax number. I have gone through your post but still i have some questions please guide me about it this may be a great help. Mail me @ nakheebgps@gmail.com ph 91-9176572765,7200823609 Kind Regards, NGR (a) Ghayaz.R

Sahil Agrawal says : Query on Capital Gain
Dear Professional friend, Please solve the query regarding tax on capital gain Please say me tax treatment of LTCG on Security With STT And Without STT Also LTCL With STT and Without STT Same as STCG with STT and Without STT Also STCL with STT & Without STT Please Email the answer on following email ID: casahilagrawal@gmail.com