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

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Sunil Mate says : please explain vat or CST
Dear Sir, my case is 1) i received the Purchase order From UP Customer for manufacturing of Moulds and delivery terms mentioned in PO are Delivery at UP Plant 2) After Manufacturing, we raised the bill to UP Customer by Charging him CST @ 2%. 3) but later on as per instruction of UP Customer, we transfer the finished mould within the state to our branch for manufacturing of Customer specified goods by using the mould. 4) Here, Customer prepare the Seprate Loan Document which is Clearly mentioned that the Proporty (i.e. Moulds) are in the name of customer of UP and we have to use only for Mfg. purpose of customer. 5) Now, Customer claiming that CST is not chargeble on this transaction and we must charge the VAT on the same Please suggest, which tax i can charged.

Partho Basu says : How to effectively offset LTCG
Dear Sir, Request your help in regard to LTCG arising from the sale of unlisted securities, held from 2007. 54 EC route is an unexciting no brainer and herein 50 lacs is all I can file for tax saving, however if the taxable amount is higher what are your recommendations? Can I take the Dividend / Bonus Stripping route to offset this gains with LTCL or has that been cancelled under SEBI's current regulations ?? Await your revert... Thanks and regards Partha

khirod prasad swain says :
suppose asset's Historical cost-- 100000.00 Provision For depreciation- 25000.00 WDV as on 01.04.10-- 75000.00 Asset is sold for --- 120000.00 What should be the accounting treatment in the book of account And whether capital reserve arise for rs 20000.00 ?

yashwant dewda says :
dear sir i have a personnal question for you. i am student of b.sc. and now i want to be a CA so can you tell me that can i do it or not and i am also want to tell you that i am good in studies