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CA Tilak Raj Sharma's Expert Profile

Queries Replied : 1277

About me

I have become the member of Institute of Chartered Accountants of India on 16^th Jan. ’08. I have started practicing as Chartered Accountants since March 2008.

Before completing my chartered accountancy, I had worked with two UK based Accounting BPO Co. at Chandigarh. I have worked as a as Accounting Manager with Just Financial Outsourcing (P) Ltd from Dec. 2005 to Feb. 2008. I have a very good experience to work with UK Accounting firms and deals in all area like Accounting, Personal Tax, Corporate Tax and Co. Law matters.

Now I am doing practice with firm name "Tilak Varun & Associates" having office at Solan (H.P.) and Chandigarh. We are three partners. We are dealing all area of Indian Accounting and Taxation. I personally still provide advise on UK personal tax matters and prepare the returns.

Income tax is my favourite area of practice.

You can contact me on ca.tilakrajsharma@yahoo.com & +91 9805028580.

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Praveen Maheshwari says : Explanation
Hello Sir, Your approach of Explaining the queries are so good. Praveen Maheshwari Ahmedabad.

CA CS Akashdeep Singh says : Answer to your reply
Sir One of my client(X Ltd.) has a business income from taxable security transaction. Current issue is relating to Sec 115 JB and Sec 88E. Facts In Sec 115JB, if "tax on total income" is less than 10% of book profit, then 10% of book profit shall be treated as tax which he has to pay. In Sec 88E, if any individual has a business income from taxable security transaction, STT paid by him is allowable as deduction from tax on total income Issue In Sec 115JB, which "tax on income" is taken to compare with 10% of book profit? Solution: tax after or before deduction u/s 88E Regards Akashdeep Singh Reply to Mr. Tilak Raj Sharma Sec 88E using the word "assesse", which means it includes company

ankush says : direct tax , indiraect tax
thanks sir for giving me information about ammendment , sir , pls give suggestion which book is good for DT&IDT, i hae to appear in may 09 attemt,, iwant bookor notes that r short , easy since i have 2 prepare 8 subject

deepak says : Depreciation Rate as per company Law
Dear Sir, Please inform me the depr. rate as per company law of Following Plant & machinery Building Computer Truck Car Pickup/Delivery Van Furniture Scooters