CA CS CIMA Prakash Somani's Expert Profile

Queries Replied : 2223

About me

TAX ON SALARY DATEDIF FORMULA COLOR MAGIC in EXCEL NCFM MBA CA CS SAP Ayurveda Lawyers IndiaStudyChannel Games Linkedin Rediff Gmail INDUSTRIAL TRAINING Bank Audit CFA (US) TDS Service Tax CPE CA Firms Health Budget Yoga Ratio Analysis VAT SOX

Hello everybody, I really don't know where to start from.
I am basically a friendly person but not the one to take the initiative when confronted with a new person. But once the ice is broken, I spare no efforts in charming the other person.
I am an avid reader. Books are my passion. No matter how busy I am, I always manage to find time for reading. I also enjoy good food, Hindi music & a good cup of coffee.
I am a fun loving guy want to enjoy life as much as possible. I like making friends and I am a good friend. I love taking risks.

I am a determined person and works hard to achieve what ever I determines...,I have very strong will power..., full of confidence... a bit extra confident some time but manages to achieve my goals and never gives up attitude.

Always do whatever I think. I live life in my own special way. Always do whatever I think. Make own rules and follow them. Always Thing about these lines, when i do any thing:-

“Quality is never an accident, It is always the result of high intention, sincere effort, intelligent direction and skillful execution; it represents the wise choice of many alternatives”

Ultimate Vision of my life

1. “To be able to look back and not have any major regret – to feel satisfied that I lived a life that mattered.”

2. “The woods are lovely, dark and deep
But I have promises to keep
And miles to go before I sleep
And miles to go before I sleep.”

3. "It's good to be important but it's more important to be good"

I think that’s the best I can describe myself and like I said earlier if you want to know more about me get in touch with me.

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 :

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Award & Honors:

K. meharnath says : section 54F query
Hi, I have invested 75% of the net consideration amount in purchase of a new house & I plan to invest the remainign 25% of the net consideration for the improvement, repair of the new house bought. To what extent is the exemption vide section 54F avaialable to me. Kindly reply to meharnath@gmail.com.

AMIT says : harassment by principal
I have completed my articleship from a audit firm but my principal refuses to sign form 108(for completion). he wants me to completee work of this financial year(09-10) as my articleship ended on 21st march I argued with him that it's a fresh work & doing audit will take time & i want some exposure in good firm or so. but he is rigid & even he is not ready to pay the delay fine as it's bcoz of him i am not able to file it on time even indirectly he is showing me his contacts with council members. I would also like to mention that he even did'nt pay me my stipend for last 2.5 years whenever, I ask him he says you are irregular that's why I am not paying and even I did'nt get my expenses reimbursed and he does'nt maintain any attendance records and even there's no article in his office except me all are dummies. but i was irregular bcoz there not so much of work & he use to mentally harras me also by compelling me to do meagre works even he use abusive language actually he is lot hyper. But anyhow I have done his all the works in my articleship period. plz help me out I don't want to work anymore for him. is there any sudent grievance cell & would any action would be taken against him if i complain or as always student has to suffer. plzzzzzzzzz help me out i am lot tensed there's no working environment there i can't work there anymore..

Yogesh Sawant says : Profession Tax
Good Morning Sir, I have a doubt about payment of Profession Tax. Can one Company deduct P.T. of its employees of one state and pay the same in another state? E.g. - X Ltd. deducts P.T. of its employees in Maharashtra and paid the same in W. Bengal. Company is not register under P.T. in Maharashtra. Is this a correct practice to pay P.T.? Please advise Me.