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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Rahul Dayma says : Trading in Manufacturing Unit
Hello Sir, I had a small query. There is a manufacturing unit which purchases colour coated coils from various companies and then by processing them in a roll forming machines converts the coil in colour coated sheet and sells them after paying the required excise duty. Now the company also sells colour coated coils to other companies who have such similar machine or may require the coil for some other purpose. Now my question is does the company have to levy excise duty on the profit made on such trading of coil, even though no manufacturing is being done by it. Or is it ok for the company to sell the coil without levying excise duty on the profit and just passing on the excise duty that was actually received on the purchase of such coil i.e. in a way similar to what a First stage dealer does. Thank you for your advice in advance. Regards, Rahul Dayma

Rupesh Gujarathi says : Can a Company be a partner in a partnership firm
In this context, I want to know that since the liability of every partner in a partnerhip firm is unlimited, then how can a limited company be a partner in a partnership firm which is not an LLP.

Vaibhav Khandelwal says : auditor of a club
Can a Practicing CA can audit and sign the Balance Sheet of a club where he is also a member ? Also can you Give me some form of Notification or para in Code of Ethics to back your answer so that I can refer to it ? Thanks

satyanarayan dash says : vat on service tax
can anybody give clear picture on VAT on SERVICE TAX as follow: one of our customer AMC of firewel charges:10000 add:service tax@10.30% i,e, 11030 again charge VAT under AP @4% on 11030 Is it correct procedure? If yes than under which rule it is ok, or say 'wrong' which section will be attarch for this ITs most urgent

ca krunal aundhiya says : query
I have a query regarding conversion from old ca final scheme to new ca final scheme. righnow i have one exemption in one subject of old ca final. shall i carry forward that exemption in new syllabus??? Kindly confirm me as early as possible With Regards, krunal Aundhiya +91 94284 29281 krunalaundhiya2009@gmail.com