CA Kapil B Gupta's Expert Profile

Queries Replied : 125

About me

My first Visit to Singapore in the month of Nov 2008 where I got a certificate of Achievement on Business Partnership Workshop conducted by PACE Organisation Dynemics Pte Ltd.

IInd Rank in B.com & Ist Rank in M.com with medal due to highest makrs in college.

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Halage Gowda says : Service tax
Dear Sir, I am facing a problem in uploading service tax challan (https://cbec.nsdl.com/EST/). I do not know wer to upload the challan, also I want a copy of it with bank's seal and signature. Can u suggest any process for it? Thank you

Ajay says : Query on remittance
Hi Kapil. Have been trying to get a good handle on how to remit money out of my NRO account in India to my Singapore account. Can you please guide me . 1. whether the requirement of 15CA / CB exists in this case too where the remitter and receiver are the same person? 2. Which form is to be filled by CA and which by myself. Many thanks in advance for your time. Warm regards Ajay

Rachana says : TDS Quert reply
Sir, you have replied query asked by Shanthi... She asked : "Could you please tel how much of tax should a person who earns a montly salary of 25,000/- pay the tax Ex: There is only tax saving of LIC, wherin she pays Rs'1646/- every quarter. Could you please let us know the tax to be paid and is there any refund she can get of the salary deduction" Your answer : "In your case, salary is below taxable limit after considering exemption limit and investment in LIC. So no need to deduct withholding tax on salary. If tax is deducted by the employer, She can claim for refund." Sir, Kindly explain me how salary (25000x12)=300000 how it is below taxable limit, eventhough we consider investment under 80c Rs.(1646x4)= 6584... Please explain....

Priya Rao says : Taxability of dividends paid to NRIs
Hi Kapil, Thanks a lot for the reply on HUF tax filing - it was quiet useful. I have another query on "Taxability of dividends paid to NRIs" . Could you kindly answer as I have asked a couple of my CA friends but they are not able to reply with the answer. "Kindly let me know whether share dividends paid to NRIs are tax free or taxable and also quote the Sec. of Income Tax so that I can take up the issue with my chartered accountant if he is wrong".

juhi says : pls. answer
am to start a fashion designing business, wherein i will be designing cloths, get them stitched and will sell them to the end user. Now before starting i want to budget the expenses, basically i want to do the feasibility analysis. It is going to be a proprietorship concern. Querries: 1)I want to know the VAT implications on such business from delhi. 2)Min amount of turnover should be Rs. 60 lacs for the business to get the books of accounts audited? What would be the best business structure from the point of view of least tax payment; wether it should be proprietorship, partnership or what? 3)Maintenance of books of accounts is must at any turnover? 4)Formalities for formation of proprietorship..i.e. the name of the concerns is to be registered somewhere or not? Any sales tax no. should be taken? Any shop establishment certificate to be taken? (I will be working from home only).