CAclubindia

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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Chandrika Srinivas says : VAT on flat
Hi Sir, We have purchased a flat in OCT 2019, and paid Rs350000/- as VAT amount. Till now the builder is not providing the VAT receipts to us, please let me know if there is any consequences on us if he does not pay the VAT amount to the government.

fathima barveen says : Please respond me sir
While creating the new candidate , at the time when I enter my exam(final) I see the following error message on the right hand side of the screen. Registration No and DOB you have entered doesn't match with our records.However you may submit the details as PROVISIONAL CANDIDATE. Im facing this problem sir, please help me out from this

CMA Srujan Kumar says : Deduction under section 80DD
Dear Sir, My Uncle is a Govt Teacher and He want to calim deduction u/s 80 DD for his dependent daughter. She has 100% blindness. Can he claim the deduction u/s 80dd Rs.1,25,000/- even there is no much medical expenditure in the previous year except normal doctor consultation charges around Rs.2000/- for fever. Can he claim the deduction as she is a dependent and amount is incurring against her maintenance? Please clarify.

Clinton Hinchcliffe says : Income tax
Sir if monthly gross income of a salaried person is 100000 and monthly tax deducted and paid by the employer of the person concerned is Rs 3000.Will he be liable to pay advance tax?

Clinton Hinchcliffe says : Networth
Hello sir Please help me calculate networth from the following data given in a balance sheet Current assets-3 crores Fixed assets&cwip-1 cr Other non current assets,assets held for sale&other financial assets-1 crore Current assets,investments & tangible assets-11 cr Current liabilities-1 cr Other current liabilities,Non current liabilities,provisions,equity-2 cr Accumulated losses-4 cr