CMA Ramesh Krishnan's Expert Profile

Queries Replied : 26053

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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POOJA PARAKH says : new notification of icai...
sir i have completed my graduation wid aggregate of 71%...n also cleared cpt in dec,2012 but unable to clear IPCC...as per new notification issued by ICAI regarding direct entry...can i(existing IPCC student)re-register myself under this course... sir plz help me out...

ak mangal says : WCT and Service tax
A work in Maharashtra involves supply of steel pipes and structurals and its fabrication and erection. For above work, prices for Supplies, Composite work and purely Services are separately indicated, can the taxation be applied to respective portion independently as if these were three separate contracts? i.e., ED/CST/VAT for Supplies, VAT(WCT) and service tax for Composite part and Service tax for the purely services part? i.e., a) can we obtain quotation for supplies and site work separately? If yes, what all taxes for supplies and site work will be applicable? b) If answer to a) is No, what taxes and rates shall be applicable to the entire work. c) if the contractor requests to split orders for supply and site work, is the same permissible under laws? What are the implications for splitting or order for owner and contractor Thanks in advance. As I am not knowingh how to look up your reply, can you please mail reply to akmangal@yahoo.com thanks again

divya anand says : income tax
Compute Gross Salary of Mr. G for the assessment year 2011-12 from the following details relating to the financial year 2010-11 : (i) Gross salary `1,25,000; (ii) Medical expenditure for treatment of G directly paid by the employer to a private practitioner `25,001; (iii) Medical expenditure of Mrs.G directly paid by the employer to a hospital, approved by the Chief Commissioner of Income Tax `50,000 Test Papers — Intermediate Group I!49 (iv) Reimbursement of medical expenses incurred by G, for his son, not dependent on him, `10,000; son was suffering from a prescribed disease under Rule 11DD and was treated in a hospital approved by the Chief Commissioner; (v) Expenditure on G’s father, dependent on him, in USA and stay expenses of G’s father and brother but reimbursed by the employer fully `2,50,000; (vi) However, RBI granted permission for the foreign exchange of `2,30,000 (vii) Traveling expenses of G’s father and brother in USA, fully reimbursed by the employer `1,00,000 (viii) Income from other sources `44,999. (10)

ajayCA says : availment & Utilisation of cenvat on input service
Sir, Since we are providing services of Storage & Warehousing,Cargo Handling,Cleaning Services & Renting Of immovable Property and for providing these services we use input services/material and avail cenvat credit on these input services/material. My query is whether there is one to one relationship necessary to avail cenvat credit to pay output tax on output services specially in case of cargo handing service Thanking you

kasturi says :
Sir, pursuant to section 255 of rhe companies act, 1956 1/3 rd of the directors are not liable to retire by rotation.One of our client public company has 7 directors one among them is nominee director nominated by private equity firm.two of our Managing Directors are not liable to retire by rotation. 1/3rd of 7 directors comes around 2.1 so rounded to 2 directors. Investors wants their nominee to be non retiring director but we dont have space to fit in 1/3rd of total directors. My query is: Whether nominee director will be considered for calculating 1/3 rd as per 255 of the companies act? Whether nominee director be appointed as non retiring director even though there is no space to fit him in 1/3rd of director Investor not ready to increase the number of directors they want at any cost the total director be 7 directors in the company and their nominee be non retiring director. Kindly suggest me whether nominee director be appointed as non retiring director even though already there are two managing directors not liable to retire by rotation. Pls reply at the earliest.