CMA Ramesh Krishnan's Expert Profile

Queries Replied : 26053

About me

Hi.I am Ramesh Krishnan, Associate Memeber of ICWAI & Certified Management Accountant (CMA) by IMA(USA) Working in Bangalore

Award Winner as " Most effective Expert in Caclubindia-2011" My working style always like,

Take life always as challenge,Think positive,

Give involvement on taken task,Donot divert your concentration from the taken task,

Always target your goals and commitment,Your future always better. Jai hind. Thank you for visiting my profile

To reach me : cma.rameshkrishnan @ gmail.com or send PM for queries & professional help

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SANJAY L SINGBAL says : vat
while byuing Iron & Steel in which i am a dealer, my supplier wrongly charged vat @12.5%,whereas correct vat rate is 5% .I sold goods charging Vat at correct rate of5% .can i get input credit of vatpaid by me @12.5% to my supplier or credit will be restricted to 5%

Kamal says : Tax Return Related
I want to know about Tax return, if my HR person is not giving me HR exception but i am eligible for that so can I get that by filling the Tax return against the Un-necessary detection of tax on my salary.

Kamal says : Is Rent Agreement is mandatory for HRA Exception
Hello Sir, This is kamal from Gurgaon, Sir i want to know one thing, Is Rent agreement is mandatory for HRA Exception. Sir Kindly Clear my doubt, i will be very thankful to you. Thanks Kamal kamal.singh@arxaa.com

Kartikeya Goyal says : Accounting Entries for Finished Goods Destroyed
Dear Sir, Please suggest the accounting entries for Finished Goods Destroyed by Fire during the year in the following example - Value of FG Destroyed: 16 Lacs; - Salvage Value : 2 Lacs; - Insurance Claim Accepted & Receivable - 8 Lacs

virag says : applicablity of income tax and service tax
Hello Sir, My self, Virag Shah from Ahmedabad.I am doing freelancing work as accountant and i am in study of Chartered Accountant.I have one query while doing accounting, Income Tax and Service Tax.My case is as below: One of my client doing work of collecting subject from various clients ( both indian and foreign) for writing articles for websites or any other publication on internet.After that he will take back this work to professional writers ( both indian and foreign) for writing whether writers are on internet or in situated particular his office. In my sense as per nature of work, He is not applying his mind while writing article, he is just hand over work to writers and complete the work as per requirement of client.His mind is applying for searching clients and writers on internet.All the searching work is done on Internet.I have some doubts about work. 1. My client is receiving payment via online internet.He will receive full payment for work and after deducting his commission/brokerage or what ever say,he will pay to writers (both in Indian currency and foreign currency) via credit card system or online transfer.Whether this work is termed as business or profession? 2. How is accounting made? With full receiving amount or Net commission amount. 3. Writers are not charging Service Tax on bills and TDS is deducted as per professinal basis as per their thinking.I just want to know whether service tax is applicable or not, if applicable services with foreign clients and payment to foreign writers both are termed as export of services or business auxiliary services or any else. Hope I have made some try about querry for understanding to you.Give me fast reply,Sir. if possible mail me on viragkshah21@gmail.com Regards