CAclubindia

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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Vijay Sharma says : capital gain u/s 2 (47)(VI)
Dear Sir, Your suggeation required on below query. An industrial estate owned by company purpal ltd. registered under section 25 of the companies act 1956, allots units consisting of Land and building to its members shareholders. Under the agreement into for the purpose, the occupiers do not become owners of the units. they have to make interest face deposits with the company. Part of such deposit is made in lump sum and balance in installments with interest on reduding balance. in return co. purpal ltd. has taken loans from financial institiutions on the security of land and building. Pls explain whether provisions of section 47(vi) are appilicable in this case and will capital gain tax is applicable. Pls. suggest. regards

CA Abhishek kapoor says : service tax proble
i have doing an audit of a company which is buying tatasky recharge coupons from the dealer any selling them to there customers. but they do not pay any service tax on there sales of recharge coupons. i want to know is the company liable to pay service tax or is it exempted ?

PS Mani says : Licence fee for electriccity facilities
Sir I was told that "If it's an annual fee, it's an expense. If it's a one time fee, or a fee for a number of years, and it's transferable (ie: they can sell it to someone else) then it would be an asset to be depreciated over it's life. " Kindly clarify

Bharathi says : Please guide me
Hi, I am CA Final student who have been writing 2nd group all these long, but not cleared. Not taken 1st group till now. I am a working mother. Now since, the last attempt for old syllabus is Nov 2009, suppose if i clear one of the old group in nov 09 and have one group pending, will ICAI allow me the write another group in new syllabus may 2010? 2. my next question is shall i take up both the groups in new syllabus in Nov 09? and 3.my last question is, if I take up new syllabus, should i write test papers?

Mamta says : Hello Sir
Its really motivating to read ur profile.I just want ur blessings tht much more thn anything i can ask fro. I m pursuing C.A Final year and my attempt is due in Nov 2009.I am participating in Wicasa Elections of Icai .Want to work for the students fraternity.Plz guide me .I would be grateful if i get revert from u.