CAclubindia

CA. Vineet Grover's Expert Profile

Queries Replied : 459

About me

Hi Friends!

I am a Chartered Accountant (May 2006) and a Post Graduate (2005) from Calcutta Universuty. I hold in total 16 years of work experience in the field of accounting, taxation, audit, MIS, budget, commercial, planning and control. During my journey of experience and knowledge I got the previlege of working with big conglomerates getting experiences in manfacturing, construction, telecom, BPO and ITes.

I am here to share my professional and personal experiences with my fellow friends to help them with their day to day requirements and queries.

Thanking You & Best Regards

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sweet says : Ca final exams after a long gap
Hi, I had completed my CA foundation and CA inter under the old course in may 2001 and nov 2002 respectively.Under the old course i had to give my final exams in may 2004. I had registered for the exams but did not appear for them. Now i want to give my CA final exams.Can i give the exams now ,after a gap of almost 5-6 years?Under the old course, i had also completed my 3 year articleship. Can you tell me what wil i have to do?I mean what will be the procedure now as the course has changed. Actually due to a gap of so many years,I m not much aware of the course technicalities now. So it will be a great help if you could help me regarding the same. Thanks a lot for the replies.

RamaKrishnan says : guide me plz
I have offered CTC Rs.2 Lakhs with a Basic of Rs.8, 000/- Our HR person has informed me that my Basic exceeds Rs.6, 500/- hence, PF deduction is not compulsory. If I haven’t opted PF deduction then I can take home my salary without any deduction. If I have opted PF deduction, then the company’s share also will be deducted from my salary (that is CTC). If I choose PF what benefit can I enjoy? If not what am I loosing? Guide me plz.

sumit says : pe 2 result
is result comin on 17th

Deepanshu Agg. says : Doubt on answer
TDS CERTIFICATE LATE ISSUED ! RETURN FILED U/S 139(1)FOR P.Y 2005-2006 IS TIME BARRED FOR REVISION ON 31-3-2008. SORRY, BUT YOUR ANSWER IS NOT JUSTIFIED THANKS FOR YOUR EFFORTS! D.AGG

pavit says : capital gains tax
In 2005 i inherited residential property from my father. Sold the particular property for 36 lacs in 2005 itself. Bought a plot of land worth 17 lacs(including registration charges)out of the sale proceeds of the inherited property. both these transactions were reflected in the Income Tax returns. Constructed a house on the said plot and completed the construction by December 2007. I intend to sell the newly constructed house by july 08. It is likely to be sold for approximately 60 lacs. After which i propose to purchase a plot of land from the sale proceed for about 32-35 lacs. and later construct a house on that plot. Please advise me on the following issues: a)if the money earned from sale will qualify for capital gain tax? b)what will be the tax liabilities like and under what provisions of income tax clause do they fall? c)are there any provisions for exemption / relief for this?