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Amol S Joglekar's Expert Profile

Queries Replied : 18794

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About me

    What kinds of questions I can and can't answer?
    Can answer : Income Tax, Audit, Accounts, MIS, Service Tax.

    My area of expertise
    Income Tax, Audit, Accounts, MIS, Service Tax.

    My experience in the area (years):
    25 years.

    Organizations I belong to:
    VPR & Associates, Chartered Accountants.

    Publications or writing which has appeared :
    NIL

    Educational credentials:
    B. Com., MBA finance. FCA

    Award & Honors:
    Rank holder in S.S.C. and inter commerce and MBA finance.

  • MANAV says : conversion of 2 proprietorship in to 1 pvt co.
    Can exemption be availed u/s. 47 in respect of Capital Gain if two proprietorship firms are converted in to pvt. ltd. co. and each proprietor will be given 50% voting power (50%+50%=100%) and other conditions are satisfied? And what about stamp duty on immovable properties transferred to pvt. ltd. co. in the above way? Can stamp duty be fully escaped in whole scheme?

  • Harish says : Section 56 (2) of the Income tax act
    Dear Sir, Could you please explain the procesure of calculation of fair market value for the purpose of valuation of shares under the amended Section 56(2) of the Income tax act, 1961.Thanks.

  • Neha says : service tax
    does service tax is applicable to hospital prior to 30.04.2011 under BSS for visit fees collected by hospital on behalf of visiting doctors.Please share some supporting document.

  • sachin says : WCT_in Karnataka
    we had subcontracted local vendor for civil work in Karnataka SEZ, Now We are going to Bill to Public Ltd Co. billing description are as below. Our query in this regards are as following 1. we unable to keep track record of Material to be used in WCT can we use composition tax if yes then what rate should we charge to OMPL 5% or 5.5% 2. Can we get set off in composition scheme 3. What is the Regular Tax Rate in Karnataka for WCT (CIVIL, Installation of Plant & Machinery, ERECTION & Commissioning ) 4. If Public Ltd (principal Contractor)Company undertake to pay Tax we will get exemption but what about our subcontractor they will also get exemption or we have to bear tax Read more at: http://www.caclubindia.com/experts/modify_message.asp?entry_id=580694

  • Gajjala Satheesh says : Hotel Accounts
    Sir, I purchased Rice from supplier by cash / on credit basis 1) How to enter payment for cash 2) How to enter in purchase option F9. 3) How to pass a journal entry And How to nullify if purchases made on credit basis from Aditya group. I am following the method is entering payments in F5 payments option. And nullifying the accounts sundry creditors if Credit basis sales on F7 Journal. P & L and Balance Sheet showing good. Is this procedure good or suggest me a good procedure.


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