CMA. CS. Sanjay Gupta's Expert Profile

Queries Replied : 24107

About me

"PROUD TO BE AN INDIAN"

Hi!

I am Sanjay Gupta from "City of Joy - Kolkata". I have completed ICWA, M.Com, CS, DIM and currently pursuing MBA. Presently i am working for Hindustan Aeronautics Limited, Barrackpore Division as a Dy. Manager (Finance). Prior to this, for last 3 years i worked for "West Bengal Industrial Development Corporation Ltd" as Officer On Special Duty and before that for 3.5 years i worked for "Jekay Group of Companies" as Manager (F & A).

I am a part of caclubindia Family to share whatever knowledge i have and also to enhance my own knowledge. We all learn something everyday, because education never ends be it in school, college, institutions or in Journey of Life.

My message to all "Keep Sharing your knowledge to help people. Knowledge increses by sharing and not by preserving"

Thanks for visiting my profile.

CMA. Sanjay Gupta

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Award & Honors:

Vijay Krishnamurthy says : Notified Rules under the Co. Act 2013
Hi Sanjay While MCA has notified the final rules under the Co. Act 2013, replacing the various earlier draft rules (Phases 1-6), the new notified rules are effective on the date of their publication in the official Gazette. Has this publication happened or are the notified rules effectively draft rules once again? Regards Vijay Krishnamurthy

SHAHABAZ says : REGARDING IT AUDIT
I HAVE CROSSED THE TURNOVER LIMIT I.E 40LAKH IN THE AY 10-11. BUT DUE TO LACK OF KNOWLEDGE I HAVE NOT AUDITED MY ACCOUNTS. SO NOW I HAVE RECIEVED A LETTER REGARDING THAT FROM COMPLIANCE MANAGEMENT CELL OF INCOME TAX DEPARTMENT. AND ANOTHER THING I WANT TO ADD IS I DO NOT HAVE ANY BOOKS OF ACCOUNT FOR THAT PERIOD. SO WHAT CAN I DO NOW? AM I ELEGIBLE TO GET AUDITED & FILE INCOME TAX RETURNS OF AY 10-11 WITHOUT BOOKS OF ACCOUNT. WHAT IS THE PROCEDURE AND WHAT ARE THE PENALTIES I WILL BE IMPOSED? PLEASE ADVISE ME REGARDING THIS MATTER.

SHIVAM SONI says :

Shiv agrawal says : IT return filled twice
I am facing an serious issue. I am working in an Software MNC. In 2013, I had filled the IT return twice under same PAN number. I filled the IT Return online based on my salary. On the other side one of my relative who maintained my IT file also filed an IT Return manually based on other income in same year. We both were not aware that we both are filling an IT return. these was discovered when i talked to my relative. This continued for 2 years. I am also not able to see the the IT return that was filled manually in my Online Account (in IT portal). therefore, i am completely confused whether manual one do not show online or manually it was not filled? or the manual one got rejected? One of the CA told us that filling IT return is a huge issue and there can be a fine too. Is he correct? What is the solution to resolve this issue? How can i get it resolved what are the steps do i need to take? Read more at: http://www.caclubindia.com/forum/income-tax-return-filed-twice-285345.asp#.UyXnGD-Szao

BHAVIKA DHANAK says : Hello Sir. I have a query . Kindly reply
Our client had made profit by selling a house property in Fy 2010. The profit was invested in under construction property and exemption was claimed u/s 54f .However the builder did not get the critical approvals and construction did not commence, so the booking was cancelled. In Fy 2012 Client received the funds back which he invested in another property in same financial year 2012-13. In Assessment proceedings the Ao is denying the exemption claimed U.s 54F . Will the client be denied the exemption? Kindly let me know any case laws if any favouring the assessee. Read more at: http://www.caclubindia.com/experts/modify_message.asp?entry_id=796508