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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Arjun Rajaram says : Cap gains vs Business income
Hello sir, Our company XYZ LLP owns empty commercial land 20,000 Sqft Land (bought 25yrs back for only Rs. 1lac). Our biz is in the biz of dealers in Industrial supplies. We have possessed the land in our books for the last 25yrs as only a capital asset. We now want to get into a Joint development with a developer to build aprts on this land@60/40 Ratio. Will the sale of our share of built up aprts and UDS of land be construed as CAPITAL GAINS or BUSINESS INCOME? Any insights will really help. Thank you

CMA Niteesh Kaliyil says :
sir please send me stage 3 suggested answers to "kaliyilniteesh@yahoo.com"

CMA Abhay Kumar Sinha says : Income Tax Return
Dear Krishnan, I am a salaried employee in a private co. and withdrawing a salary of Rs. 10000.00 monthly and also having a heavy vehicle (HYVA),which I supposed to be covered u/s 44ae for computation.I have got Form 16A of Rs. 13,000.00 and want to file return to get refund and don't want to go to a CA and want to do it by own. Kindly guide me that what form I have to use and is it possible for me to do,if yes, pls send me the computation and step which I have to follow. Waiting eagerly for your reply. Thanks in advance, Abhay sinha abhaysinha1234@rediffmail.com

Rahul Bengani says : Service Tax
What will be the value of Taxable Service:- 1. Mr. X, a Professional provides service to a Company. He incurrs Rs. 10,000.00 towards Travelling Expenses, which has been paid by the Company. Mr. X raises a Bill of Rs. 50,000.00 for his professional services. On what amount should Mr. X charge Service Tax?