CA. Anuj Gupta's Expert Profile

Queries Replied : 1319

About me

I am a CA with more than 16 years post qualification experience in International Taxation , NRI Taxation , FEMA ,FCRA , FDI/FIPB Approvals and Transfer Pricing. I am also a qualified Company Secretary and DISA from ICAI, who has also sucessfully completed the Certificate Course on International Taxation conducted by ICAI. I was the Member of the Committee of International Taxation, ICAI for the year 2010-11. I was the Member of the FEMA & International Taxation Research Study Group of NIRC of ICAI for the last 3 years. I am currently Covenor of Study Circle on FEMA & International taxation of Delhi Chapter of The Chamber of Tax Consultants, Mumbai and Member of Infotech & 4i Committee of Bombay Chartered Accountants Society, Mumbai.

femaquery @ gmail.com 0-9810106211

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Varsha V R says : QUERY
SIR UNDER WHAT SECTION DOES DEDUCTION FOR ROYALTY PAYMENT IN MINERAL COMPANY TO ANOTHER INDIAN COMPANY .. DOES IT COME 194J??

MOHD says : tax on remmittances to UK
Dear Sir, I have to pay designing charges to a company in United Kingdom and would like to know the Tax rates and the leagal papers needed to effect the payment under the dtaa with UK .

SENTHIL MUDALIAR says : TED & DEEMED EXPORT DRAWBACK
This question is with respect to, “when Advance Authorisation holders buy goods against ARO from domestics supplier TED & Deemed Exports Drawback shall be available “ I have following question. 1) Which steps to be followed by domestic supplier in terms of excise duty paid on Raw material to get Deemed Exports Drawback? 1a) Do domestic supplier needs to get certificate from his supplier stating “they have not taken cenvat credit on Input which were used to manufacture the finished products that they have supplied to them”? 1b) if yes, isn’t it lose of excise duty credit (cenvat credit) available to his supplier? How his supplier gets back? 2) If Advance Authorisation wants to claim Deemed Export Drawback, should he need to provide declaration from Domestic Supplier stating cenvat credit for input used for manufacture of material supplied were not taken? 2a) If yes, Don’t Advance Authorisation holders get the Deemed Export drawback for the excise duty paid on Raw material (Finished products for domestics supplier) purchased from domestics supplier? 3) Which steps to be followed by domestic supplier in terms of excise duty PAID on finished products { Raw material for Advance authorisation (AA)} to get TED refund? 3a) Do AA needs to give declaration in Annexure II saying he won’t take cenvat credit? 3b) if yes, isn’t lose to AA? How he gets back? 4) Do AA get benefits of excise duty if he buys from Domestic supplier? 5) Do AA get TED refund?

naveen says : tax
Severance package are benefits an employee’s receives on leaving the company in addition to regular pay.

HARI PRASAD says : REVISED RETURN : AY 2011-12
Dear sirs, I have an client who will come under 44AD provisions for whom we had arrived total tax income and paid tax along with int in sep'2011 so, now client has given the input date with respect to said AY 2011-12 thereby already computed income has increased, hence i have calculated the interest as per 234A which he has to pay. Hence can i revised his return now latest? i mean submitting manually. I knew a return cannot be filed once corresponding assessment procedures have been completed but, suggest me what i could do in this regard. the details are as follows Total Tax Income 394080 Tax thereon + Cess 21020 Int u/s 234A 5044 Self Asst Tax paid 15400 Bal tax due 10664 Hence u are requested to kindly velidate the figures and do rivert me back on this I conclude