CA PARAS BAFNA's Expert Profile

Queries Replied : 9397

I am a practising CA from Surat

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Favourite field of activity is Income-tax .

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Dip Kd says : FDI
Dear Sir, I want the Board resolution for allotment of Preference shares to Foreign company. Earlier we had sent the simple Board resolution with FC-GPR form but RBI replied that they want Board Resolution with Terms and Conditions of issue of Preference shares to foreign company. Can you please help me...Its urgent. My email ID is dipa_9892@yahoo.co.in Regards, Dip

HARSH KUMAR BHARDWAJ says : Termination of Articleship
My friend Is doing CA Articleship in Chandigarh and lives in PG on rent of Rs.7000 (including conveyance and food and all necessities) in Chandigarh but his actual residence is in Gobindgarh which at a distance of about 53 or 54 km from Chandigarh. His father has a shop of confectionery but now from the past few months the income of his father is converted to loss. He and his family are now suffering financial crises due to which he is now unable to pay his rent of PG. His is on stipend and his family is paying all his expenses. Now he wants to take termination and to do some job so that he can makes himself and his family financially stable. Is there any provision in ICAI for this situation so that he can overcome from this situation?

mithra says : regarding filling of itr-5
can any one pls clear my query regarding filling of itr-5 for ay-13-14 that in partnership firm both the partners remuneration was 75000 and their net profit was nil while filling itr-5 in net income column how to fill it ?

Darpan aggarwal says : CASH PAYMENT ALLOWED OR NOT
Dear Sir, I want to know about the Income Tax Section 40a(3) with Rules 6DD:- Q1:- CASH PAYMENT OF RS.32000 TO J&K GOVT. EXCISE DEPARTMENT, WHETHER THE PAYMENT IS ALLOWED OR NOT? Q2:- CASH PAYMENT OF RS.32000 OF ELECTRICTIRY BILL TO NDPL, WHETHER THE PAYMENT IS ALLOWED OR NOT? PLEASE REPLY AS EARLY AS POSSIBLE. AND ALSO PROVIDE ME YOUR E-MAIL ID. Thanks and Regards Darpan Aggarwal

Mangal Singh Khinchi says : Interest payble showing in ITR V
Sir, Assesse has income from sewing clothes at home.I have filed ITR 4s regarding A.Y. 2012-13.Income is below taxable but ITR V showing interest payble 8780.I can't understand that what is the cause for interest.

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