Jitender's Expert Profile

Queries Replied : 2549

Myself JITENDER, graduated from Delhi University in first class and become a CHARTERED ACCOUNTANT in Nov-08.

I am currently working with Max Healthcare.

I am also a part of self study group known as "karwan" for young CAs on emerging issues like IFRSs, GST, etc.

I believe in the saying that " knowledge is not the power. It can be a power only & only when u put knowledge into the action".

I have the interest in Cricket, Chess and Politics too.

Thanks for vivsiting my profile.

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Nischint says : how to reply the expert query
dear sir, please guide me how i can reply the queries asked by persons on caclub...i m receiving queries here on my id but i m not able to reply the queries

RamaKrishnan says : guide me plz
I have offered CTC Rs.2 Lakhs with a Basic of Rs.8, 000/- Our HR person has informed me that my Basic exceeds Rs.6, 500/- hence, PF deduction is not compulsory. If I haven’t opted PF deduction then I can take home my salary without any deduction. If I have opted PF deduction, then the company’s share also will be deducted from my salary (that is CTC). If I choose PF what benefit can I enjoy? If not what am I loosing? Guide me plz.

CA Sanjeev Kr Jain says : Maturity of UTI ULIP
When premium of Rs 7500/- is remmitted to ULIP Rs 112.50 is t/f to life insurance and units are alloted against balance amount. During the investment period UTI allots bonus units also. On maturity units are redeemed at their NAV. Since redeemption is repurchase of units subscribed and bonus units alloted I belive that the income be taxable under capital gain. Pl comment.