Late CA Sampat Jain's Expert Profile

Queries Replied : 722

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:

Mahesh says : Thanks,
First thanks for the reply, As per the records available with the assessee no evidence of order u/s 171 being passed is found. Only paper available is acknowledgement of application submitted for this order to the department. Secondly, there is no evidence of land being acquired through HUF corpus. Now, if the third brother is to be given the share of sales proceeds, so that the family disputes to be resolved is it possible that both other brothers gift him 1/3 share of land and thereafter the sale is executed by all the three. Is, there any other legally tenable and practically possible as well as tax beneficial solution available.

Rajan Kapoor says : service tax liabilty
Gd Aftrnoon Sir, I want to know something regarding service tax. In case of service tax, if a person in India takes services of any person who is abroad, then the service tax liability is of the service receiver. Now if an Indian has taken the services in aborad of any agent for arranging Foreign Currency Convertible Bonds and paid the agency commission in aborad out of the funds received through FCCB. Now the question is whether we had received the services in aborad or India? Your earlier response will be highly appreciated Regards, Rajan Kapoor CA Final Student

abvvora says : Statutory Meeting u/s 165
Thank you for giving reply. We have filed form 22 with late fees but roc is asking for explanation for not filling with in 6 months. What would be the explanation? jatin vora

sachin says : formation of sole proprietor to company
hey read ur reply for conversion of firm to company...can u plz guide me if 2 proprietor havin their own buisness..come togethere and decide to form company..how wil b der tax matters or other legal matters..if both are having loss in der buisness??can both bring der loss to company??

vivek says : hlp me.........
i couldn't crack the last cpt...next exam on nov 4th...can i pass it by preparing 50days nd what r d tips to be remember, i mean which subject should be given importance nd if it is needed to look all chapters in detail?pls help me.....