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S.Srinivasaraghavan's Expert Profile

Queries Replied : 3560

About me

I am a Chartered Accountant, Cost Accountant and a Company Secretary.

I am attached to Amalgamations group of Chennai. I am also on the Board of some of their group companies, besides being a CFO & CS of Simpson and Company Ltd..

Interested in Carnatic Music, Deep reading of Science and Spiritual books and reconciling scientific truths with spiritual experiences, Travel, Games like tennis, cards etc., Watching documentaries on Animal plannet, Discovery, National geographic etc., Internet browsing - websites of Wikipedia, Nature, Astronomy and Professional forums.

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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.

Mukesh Katara says : Service Tax Penalty
Hi Good morning can u please Gide about Under section 76, the penalty 200 Rs. per day.. And maximum penalty of Rs. 2000 is applicable for the late filling of return .So my question is when started 200/-penalty when recd service tax notice or before notice..i am explain below I.e. Our Total service tax for the Qtr Apr'09 to Jun'09 is Rs. 8282 Our due date for Payment is 5/7/2009 but We pay the same on today 25/01/2010 so we r 204 days late. So the penalty will be 40800 (200*204) and the interest amount will be 6018 (29.50 interest per day so 204*29.50). And final payble is 82821(Service Tax) + 40800 (penalty) + 6018 (Interest) = 129639 It's right or wrong...please advise...and give me regarding penalty notification or judgment Thanx in advance

Mukesh Katara says : Service TAx On Export Cargo Handling
Dear Sir CAN PLEASE GUIDE ME SERVICE TAX CHARGE ON EXPORT CARGO HANDLING...I HAVE HEARD SOME SOURCES SERVICE TAX CHARGE ON EXPORT...PLS GIVE SOME INFORMATION OR NOTIFICATION...WE HAVE CHARGE SERVICE TAX EXPORT CARGO HANDLING 1ST APRIL 2010 ALL THE EXPORT PARTY...AND THIS BILL PASS OR NOT IN PARLIAMENT. PLS GIVE ME REPLY AS SOON AS POSSIBLE...THIS IS URGENT

KARAMVEER SINGH says : excise
dear sir, can u pls help me out, we are exporting on crane to Saudi Arabia, can we claim exemption on excise duty payable on inputs. this is our first export.

anant karnani says : TDS on professional services for a new firm
Hello Sir, This is the first year for my proprietary firm. I want to know whether i have to deduct TDS from my professional service provider and commission or i am exempted from it this year? Regards, anant