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A V Vishal's Expert Profile

Queries Replied : 5092

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    What kinds of questions I can and can't answer?
    My forte is Direct Taxes and Corporate Matters, I deal in Formation of companies, creation of partnerships, trusts and societies.

    My area of expertise
    Income Tax, audit, Company Law

    My experience in the area (years):
    15 years

    Organizations I belong to:
    Vishal Associates, Janardhan Rao Deshmukh & Co

    Publications or writing which has appeared :


    Educational credentials:
    B.com LLB

    Award & Honors:


  • Ajay says : CIBIL matter
    HDFC bank has made my account NPA illegally,we file a case in DRT and got stay in April 2010,since than case is going against HDFC bank,HDFC has put my name in default list in CIBIL,can bank put our name in default list unless judgement is not passed or even during pendency of case,they have got power to put my name in default list in CIBIL.? What is remedy or which court or forum we should move for remedy to remove name from default list.

  • john says : Educational consultancy registration
    What are the procedures to register a consultancy to send students abroad?

  • Satheesh Nair says : MAT
    We are Pvt Ltd company having Automotive gasket manufacturing units in Chennai and Uttaranchal. Uttaranchal is coming under section 80IC and MAT is applicable. We have a common Balance sheet for Chennai and Uttaranchal. Is it possible to calculate MAT and compare with the Income tax paid already paid on the common balance sheet figures, and if the MAT figure is less than the Income tax payable then we need not pay MAT ?? If the MAT figure is more than the Income tax paid figure in the common balance sheet figure, then is it correct to arrive at the MAT payable by deducting from the Income tax already paid which was tabulated including the Chennai account ? Or should we have seperate balance sheet for Chennai and Uttaranchal and income tax payable as per Chennai account to be paid and MAT figure as per Uttaranchal account need to be paid ? Then after 5 years of 100% exemption we need to avail MAT credit when Uttaranchal need to pay Income tax on the 70% profit from the 6th year onwards ? I would appreciate to have detailed reply at the earliest to my query with relevant IT act and rules / section. Auditors are having different opinions and hence we are not guided properly. So your urgent advise is very much appreciated. Some experts advise to convert our Uttaranchal unit as LLP ( limited liability Partnership) to avoid MAT !! We started commercial operations from 01-04-2008. If we register now for LLP can we get retrospective benefit ? In this case should we pay MAT for 2008-09, 2009-10 and 2010 - 11 till date ? If we need to pay MAT for the above period with interest then whether we get any relief if we convert our unit of Uttaranchal to LLP ? our initial 5 year tax exemption period is up to 31-03-2013. Please advise your valuable opinion on this LLP suggession at this stage ?

  • naveen says : sec 24
    Sir, my marriage held 11/07/2008 but my wife deserted me since 19/10/2009 means 14 month.i file the sec 9.in this counselling she refused to come back and want divorce and also file sec 24 HMA my advocate advice me to withraw sec 9 and suit for divorce directly on the behalf of refusal in counselling of sec 9 . my income is 9000.she is nothing to do . will i get easily divorce if i suit for divorse or continue sec 9 plse advice i m very confused

  • minthu vincent says : HI
    Need your advise , my father in law has filed a suit against me for 1 crore..can you please help

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