CMA Ramesh Krishnan's Expert Profile

Queries Replied : 26053

About me

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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CA. Niranjan Kumar says : Sir Help me
sir, pls clear my confusion. on 1.1.2011 Mr x sold final product to her wife, Mrs. X at Rs. 1000/- per kg Mrs. X sell all goods purchased from his husband to his son Mr Y. Mr. Y sells these goods in retail market. Mrs. X sold the goods to Mr.Y as follows: on 1.1.2011----@ 1500/- on 15.1.2011----@ 2000/- goods purchased on 1.1.2011 are sold by Mrs X to his son on 15.1.2011. My confusion is that what is the Assessable value of good sold by Mr. X to her wife Mrs. X on 1.1.2011? whether 1500/- or 2000/-. Rule 9 in the exact language is writte as follows-- --When the assessee so arranges that the excisable goods are not sold by an assessee except to or through a person who is related in the manner specified in either of sub-clauses (ii), (iii) or (iv) of clause (b) of sub-section (3) of section 4 of the Act, the value of the goods shall be the normal transaction value at which these are sold by the related person at the time of removal, to buyers (not being related person); or where such goods are not sold to such buyers, to buyers (being related person), who sells such goods in retail : Provided that in a case where the related person does not sell the goods but uses or consumes such goods in the production or manufacture of articles, the value shall be determined in the manner specified in rule 8. so i am thinking that AV of goods removed from X to Mrs. X on 1.1.2011 should be Rs. 1500/- is i am correct or not? my emial - niranjankumar06@yahoo.co.in Thank U for your help.-

Sanjay says :
sir i would be really thank ful if you help me sir

Sanjay says :
good evening sir , sir actually i am pursuing certified financial planner i have a query regarding tax q1 The maximum amount on which income tax is not chargeable in case of firm is? q2 The maimum amount on which income tax is not chargeable in case of a cooperative society is?

Sheetal Bhatia says : Digital Signatures
Hello Sir,as you are aware, Digital Signatures has been made mandatory for companies since last one year. Looking at its growing importance it may not be wrong in stating that it may soon also be made mandatory by IT for all categories of tax payers.We provide digital signatures (to both non-individuals and individuals)at very attractive rates & within half an hour of providing the request. We request your help in providing us clients for the same.Please reply via return reply for further details required. We would be highly grateful for your help.

Sharath says : Calculation of EVA value
Hello sir, I am running into a problem which asks about calculating EVA value. I am unable to find out how isthis EVA calculated. I Never did before.Hope some one can help me. THanks. Below is the information: Liabilities EquityCapital: 40000 Retained Earnings: 20000 Debt: 40000 Accounts Payable: 10000 Total 110000 Assets Fixed Assets: 70000 Accounts receivables: 20000 Cash in Hand: 20000 Total: 110000 Betavariant of company = 1.5, Market premium = 9%, Cost of debt = 15%, Risk of free debt cost = 10.5%, Tax to be deducted = 35%, Profits before tax = 31500000. Calculate EVA?