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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HARI PRASAD says :
DEAR SIRS, i wish to ask you about how to calculate service tax amount for the following figures which was deducted TDS COMPONENT @ 2% Total amount received as per form 16A 223500 - 4470 = 219030. so in this i want to know how to extract service tax component @ 12.36 please suggest me

Sundeep says : Income Classification
How should i classify interest income from Fixed deposits / NCDs / Bonds in a newly started company ? The MOA provides for investing in securities as part B "(B) OBJECTS INCIDENTAL OR ANCILLARY TO THE ATTAINMENT OF THE MAIN OBJECTS" which is before part c "(C) OTHER OBJECTS" Will this income be classified as other income and taxed as income from other sources or will it be classified as Income from Operations and business expenditure be allowed to be deducted from this for tax purposes ?

Ashutosh Shukla says : Auditor
Can internal Auditor of Holding company become statutory Auditor of subsidiary company? if not then what should be done to remain statutory Auditor of subsidiary company ?

dinesh says : APPLICABILTY OF 44AB,3CA,3CD,29B IN COMPNIES
Sir, For a company public/ private limited: 1.accounts are audited and audit report obtained before 30 september 2013. 2.Gross turnover is less than 5 lakhs 3.Net profit is less than one lakh 4.Company has paid tax at normal rates as amount is less than that arrived at as per sec.115JB. Query: 1.Will the company require to get a tax audit under Sec.44AB ? 2.If not is it mandatory to get certificate in form 3CA and 3CD ? 3 If so is it mandatory for the Auditors (CA) to file 3CA and 3CD online / offline at Income Tax portal before 30 september 2013.? 4.Is it mandatory to file Form 29B by CA online/ offline at the Income tax portal ? With Regards