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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Abhishek Sharma says : Service Tax SSI Exemption
An assessee is engaged in providing Taxable Services since past including Restaurant Service (With AC Facility only) which has become taxable from 01.04.2013. Upto 31.03.2013 the value of other taxable service (excluding Restaurant Service as it is taxable from 01.04.13, in this case) is below 10.0 Lacs. As such the assesse did not take registration upto 31.03.13. But with restaurant service in tax bracket it has applied for Registration & is thinking to Opt for SSI Exemption. But The Department has informed that for SSI Computation, the value of taxable service provided in 2012-2013 ""INCLUDING RESTAURANT SERVICE"" shall be counted, "In short the assessee cant be given the SSI Exemption as per the department". But sir since the service was exempted in the F.Y. 2012-13, HOW CAN THE SAME BE INCLUDED FOR SSI COMPUTATION?? Please enlighten/advice with any reference to case study/notifications/circulars. . Thanks in Advance

rajesh gupta says : escrow account
need consultancy with regard to escrow account. its an property transaction. please follow up at info@pravdaassociates.com

harini says : reg cisa
resp sir, i got to know from one of your comments that you have cleared cisa at one go. i would like to know about the preparation period required for it. i'm a ca final student and will be taking my exams this May. So could you please suggest if i can take CISA exam in June or September? Also suggest the reference books that i'll need. thanks, harini :)

apoorva says : can a citizen of Lebanon be a director in indian c
comment pls...

MANAV says : conversion of 2 proprietorship in to 1 pvt co.
Can exemption be availed u/s. 47 in respect of Capital Gain if two proprietorship firms are converted in to pvt. ltd. co. and each proprietor will be given 50% voting power (50%+50%=100%) and other conditions are satisfied? And what about stamp duty on immovable properties transferred to pvt. ltd. co. in the above way? Can stamp duty be fully escaped in whole scheme?