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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ajayCA says : Availment & Utilization of cenvat Credit on input
Sir, Since we are providing services of Storage & Warehousing,Cargo Handling,Cleaning Services & Renting Of immovable Property and for providing these services we use input services/material and avail cenvat credit on these input services/material. My query is whether there is one to one relationship necessary to avail cenvat credit to pay output tax on output services specially in case of cargo handing service Thanking you

sanjay says : income form salary and lic commission-which itr?
Hi sir, i know this question is answered n number of times in past. but i couldnt fins a satisfactory explanation. i have 6.5 lacs of salary income and around 2.74 lacs of lic commission income in FY2011-12. now, i dont maintain a book of accounts. so i really need a help in finding our which itr to file and also how can i reduce my tax which i need to file over and above (only 10 percent was deducted from lic commission). please help

CA Himanshu Binani says : loan v/s gift
Sir, I need an advice regarding can the loan taken from any person be without interest or otherwise it would be taken to be gift received by A.o and taxable under other sources.

PRAVEEN JAIN says : ITR Form
Sir, thanks for ur reply on tax on STCG in case of loan from parents, Sir suggest me which form should i use to file ITR. My income include Salary, Bank Interest & profit on sale of Property (STCG. the interest free loan from parents is also converted to gift in the previous year. Kindly suggest how to show it in ITR

krishna kumar says : capital gain
Sir My father sold his parental property. After that he buy two residential property, one property as investment and another his resident purpose. His residential property going on construction. please suggest how to calculate his capital gain and which exemption adopt. Both properties are residential.