Here is Portfolio page of Utkarsh, with all his work

.....Under 80D exemption for dependent parents - father is of 61 years and mother is of 49 years, they should be considred under senior citizen?
Jan. 25, 2018
What is difference between standard cost and budgeted cost?
Sep. 11, 2015
.....Under sub-section (5) of section 90 and sub-section (5) of section 90A of the Income-tax Act, 1961 Tax Residency Certificate and form 10F has to be submitted by Non Resident for payment received from India, my question is when does this TRC and Form 10F need to be submitted to the Indian Tax Authority?
Jan. 09, 2018
I am a salaried individual. I pay rent of Rs 8075/- per month. My yearly salary amounts to Rs 5 lakh but I do not have any investments or a LIP for that matter. Is there any way I can pay less tax than that I have been paying for past years?

Also when is the usual time IT deducts the tax is it at one go in one salary in march or on a monthly basis?
Jan. 09, 2018
...Hello An individual Is a director of a company and drawing salary of Rs. 180000 pm . From that he is paying rent of Rs. 60000 for his house rent and claim deduction under HRA. He is also running a business and turnover from business is approx 5 crores. He has got TAN Number under that and paying TDS to govt for business expenses like payment to contractors , interest on loan etc. My query is : 1. Is he suppose to deduct TDS on rental payment @10% pm or 5% pm which Is personal expense and paid out of salary income and not entered in business expenses. 2. Do we need to mention anything about salary income in tax audit report and balance sheet need to be prepared for combined income or just business income.

Jan. 25, 2018
I want to appoint an auditor for my company other than my current auditor who is retiring. How do I convey it to the retiring auditor?
Dec. 19, 2017
I am a student and I want to deposit Rs. 50000 on my bank account. I do not have any other source of income, do I need to file any income tax return? Does the PAN is compulsory to file any form in income tax?

Jan. 09, 2018
What is the calculation of exemption of entertainment allowance in respect of Government Employee??
Dec. 15, 2017
Hey....I have heard these 2 terms repeatedly in International Taxation: Transfer Price & Arm's Length Price....Can you help me the difference between these two....
Dec. 18, 2017
Hi

I am a non resident Indian (NRI). I am working in Canada since FY 2015-16. In India, I have a NRE account, a NRO account and a resident savings bank account (which I had opened while I was in India but didnt get the chance to convert it into a NRO account).

I transfer funds regularly to both my resident savings bank account and the NRE account. I filed the tax return in India as NRI for FY 2016-17 as I wanted to claim the TDS amount deducted on my fixed deposits which were again opened and maintained in the Resident Saving account. I filed the Income tax return on 31st December, 2017. In the income tax return form, I had mentioned the interest income from Resident saving account and Fixed deposit as Income from other sources. I had no tax liability to Indian government, and so I claimed tax refund here.

All that being said, I am worried whether I will get a legal notice from Income tax Department for keeping the Regular saving account in India while maintaining NRI status for FY 2016-17.

Please note I have already started the process of converting my Regular saving account into NRO account.
Jan. 25, 2018