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

What kinds of questions I can and can't answer?

My area of expertise

My experience in the area (years):

Organizations I belong to:

Publications or writing which has appeared :

Educational credentials:

Award & Honors:

Ashish Surana says : Help
Dear Sir, may I know your Mail ID to get help Directly. Please.

Vineeth Alex says : TDS - Inc. from betting
Hello sir, I would like to get clarified regarding applicability of tax deducted at source on betting income to be deducted by the person receiving income. Below is my query. Assessee, an Indian resident received $ 100 from an online sports betting site during F.Y. 2011-12. The tax to be deducted by the party receiving the income. Here, whether the assessee has to deduct tax on the income received Rs. 4,700($1 = 47) since the income received after conversion is less than the exemption limit? If yes, what Form is to be made for deducting tax at source? In other case, if assessee receives $ 1,000 he has to definitely deduct tax at source as income received after conversion Rs. 47,000 ($1 =47) exceeds the exemption limit. What Form is to be made for deducting tax at source?

krrishpaul says : BOOKS
I don't have any teacher for my FM subject.... can u suggest me any book which will be helpful....

Yatin says :
One of our client has a dealership of foreign principal regarding sanitary product where he received commission in foreign currency or Indian Rupee. Whether he can claim exemption from service tax on the basis of following judgement? What document we have to maintain for same? If he is receiving commission in India rupee then whether this exemption is available? Can I get detailed study of following judgement? Judgment: Where the assessee procured orders for foreign principals and received their consideration in foreign exchange, it was held that the assessee’s services were exported since it fulfilled all the conditions, including the condition of the service being “delivered outside India and used outside India” since the rendering of the service was complete only when the purchase orders canvassed by the assessee in India were received by the foreign companies and these purchase orders were received and acted upon by the foreign companies abroad. In other words, the benefit of the service provided by the appellant accrued to the foreign companies outside India and hence the service was “delivered outside India and used outside India”. [KSH International vs. CCE 2010 (18) STR 404 (Tri-Mumbai)]