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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S.Srinivasaraghavan says : AS 30 Vs IAS 39
Dear Mr.Vikash, I have posted answer to your querry already.

asha fernandes says : sec 10B clarifications
one of the conditions of sec 10B is repartriation of sale proceeds to india in 6 months. but in case of a indian subsidiary(software developers) who transfers all the software developed to its foreign parent company who in turn sells it to outsiders, there wont be any repartriation of sale proceeds. in this case will sec 10B apply here. the subsidiary company gets money from parent company towards expenditure secondly is it correct to book income by applying transfer price methods

VIKASH RAJGARIA says : Accounting Standard 30
I had posted a uqery w.r.t. deiffernce between AS 30 & IAS39. Can you help me out with that?

S.Srinivasaraghavan says : Short term capital gain
Dear mr. Sumit if your total income including ST gain is less than taxable limit, then there is no tax liabiliti to you.