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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Atul says : LLP registration delay
Hello, We executed the document forming LLP during April 2010. We have still not registered it with CLB (Dec 2010). Would be doing so in Jan 2011. Is this delay acceptable by CLB. Would there be any monetary fine/penalty to be paid. Pl reply, regards, Atul

Rajeev says : Help regarding Career
But Sir: Will it be fine for mer to have a career in Taxation without CA degree, if so what can be the scope in near future

jayant singh kalra says : tax planning
Give tips for tax planning except using deduction under sec80

jayant singh kalra says : gift tax
gift given over 50000 is disallowed but what are its concequence & how tax will be applied

Deekshit says : VAT / Excise input credit.
Assuming that a company has purchased products from local market (Ormay be even imports) for its regular trading.. it has also taken the VAT / CENVAT input credit for these goods... later it utilises such goods in construction / expansion of its premises.... such goods need to be capitalised, and the company has done so.... now in such situation how is it to take or reverse the VAT INPUT CREDIT. as, we can take only 50% input in current year in case of CAPITAL GOODS,, but it has already taken full 100% input... also, it doesn't have bar coding system to verify what stocks have been capitalised or used for personal use...(Price of commodities keep changing regularly) so what should such company do to take proper amount of VAT / CENVAT INPUT CREDIT????