CAclubindia

CA. BIJENDER KR. BANSAL's Expert Profile

Queries Replied : 2133

About me

I am qualifed Chartered Accountant having post qualification experinece of more than 10 years and working with a Moulding Company as GM (Finance) having Reputed Vendor like LG/ Samsung/Yamaha/ Maruti/Kent/Honda etc.

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mahak wadhwa says : tax audit
sir pls guide: in case of an individual if he has dividend income which makes his income exceed the limit of 40lacs. will he be liable for tax audit as per sec 44AB? cos as per my understanding dividend income is other income and sec 44AB extends to PGBP. I'd be grateful if u could quote the applicable sec to support your answer so that i can study it too. thanku

Mitesh Kothari says :
Sir Please guide.. One of my client is a goverment employee. During the year 07-08 he has received cash of Rs. 10.00 lacs from his brother (who is a contractor) for payment of labor. The cash received was first deposited in saving a/c and then withdraw on various dates and paid to labor on behalf of his brother. Now the case was selected for scrutiny and AO is asked for source of fund. if we show the amount as advance received from brother for payment on his behalf to labor. Whether AO can evoke section 269SS/TT for received of advance in cash??? Please also suggest any other measure to safeguard the client.

Sidhartha Mukherjee says : Email id
Sir my email id is sidharthamukherjee99@rediffmail.com. Regards Sidhartha

Sim Parekh says : Purchase Order
Dear Sir, thanks for the reply but I have not raised any Purchase order last year before raising an Invoice so if it against law or is it a serious audit query.I just use to raise a Proforma Invoice before the final Invoice is raised. The seller party use to send me a letter saying that as discussed this is the amount etc etc what should i do now please guide

Pramod says : TDS
Dear Sir, My Agent is providing Bill that include Ocean Freight Doc Charges Stuffing Charges Agency Charges Phyto Charges Fumigation Charges THC,Etc and Service Tax thereon on which Amount TDS will be deducted and on which rate ? and on which rate tds applicabale after 01-10-2009 ? or no need to Deduct TDS after 01-10-2009 because he is availing PAN ?