CA PARAS BAFNA's Expert Profile

Queries Replied : 9397

I am a practising CA from Surat

Sharing the knowledge is my hobby.

Favourite field of activity is Income-tax .

What kinds of questions I can and can't answer?

My area of expertise

My experience in the area (years):

Organizations I belong to:

Publications or writing which has appeared :

Educational credentials:

Award & Honors:

Rajnish Kumar says : TDS on Software Purchase from Non-Resident
Dear Sir, I am highly thankful to you for your all comments which helps me no of times to reach at undisputed conclusion. Further I came across your comments on query regarding "TDS on software purchase from Non-resident" on 15may.2012. As sec 9(1) has been amended to includes software in the meaning of Royalty.since Royalty is taxable in case of non-resident.TDS would have to deducted. But sir such changes is made only in Income Tax Act and not in DTAA agreement which is made with different country so DTAA still has old definition of Royalty. Now when it is well settled Law (Azadi Bachao Andolan 263 ITR 706 (SC))DTA prevail over normal Income Tax Provision. Still Software Income remain outside the perview of Taxability. I face a situation where i need to decide TDS implication on purchase of Software.So please assist me where my decesion for not deducting TDS will be correct or not?

sadashiv Rupchand Gaikwad says : Very Thanks
I got PAN Registration Number of by using your valuable advice. Very thanks

prashant jain says : income tax profit provision
sir, my name ji rahul i am a proprietor in a firm my sales is Rs. 23,42,114.00 & interest Income On Saving Account & Fixed Deposit Is Rs. 23,640.00 i keep regular books of account. sir my Query is that as per new rule Profit is more than 8% then i fill ITR -4. 1. is 8% of sales Which Is 1,87,369.00 + 23,640.00 = 2,11,009.00 Is net profit Or 8%of Sales+ Interest Which Is 1,89,260.00 is profit Which one is right rule please guide me. and give me more knowledge about this rule