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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CA Sanjay Majhi says : cash deposit in saving account
SIr one my client has sale his land for 13.00L( through Sale deed (Cheque) 5.00L and cash 8.00L) and deposited 8.00l in his saving account and he is now worried about tax impact. Sir my question is that how to show it in income tax and what is the sources of that 8.00l . sir plz replay soon

Suresh says : Merchant Export
Got a small question. We are likely to get a software related services export order to USA which we are unable to make. We have tried to outsource this project to a party overseas. How can we declare ourselves as Merchant Exporter and complete the transaction? The payment to outsourcing person will go to overseas. The payment from final client will come to India from USA. Please guide us. I am ready to pay any charges if any. Thanks.

Vivek Asher says : TDS U/S 1941a
Does Joint Development Agreement attract TDS under Section 194 1A ?

Navjot says : Stock Ttatement
Respected Sir, Please Share the objectives and requirement of stock statement.

kfgfgdfgffdfd says : vat
Q3)the accounting policy for 2012-13 is closing stock value of raw material= cost price or market price whichever is is lower 31/03/13- 500 kgs for which costprice is 108 and market price is 100 therefore closing stock value is 500 x 100 = 50000 as on 31/03/13 closing stock of 2012-13 is opening stock of 2013-14 so which of the following is correct working 1 o/s 500 kgs rs 50000 purch 100 kgs rs 10000 (assumption ) consump 500 kgs rs 54000 (108 rs (cp as given above) x 500 kgs) clsng stoc 100 kgs rs 6000 or working 2 o/s 500 kgs rs 50000 purch 100 kgs rs 10000 (assumption ) consump 500 kgs rs 54000 (100 rs (mp as given above) x 500 kgs) clsng stoc 100 kgs rs 10000 ASSUMING ONLY THE OPENING STOCK IS CONSUMED IN THAT MONTH AND NOT THE GOODS PURCHASED DURING THAT MONTH.Which rate is to be applied to determine the value of consumption -opening stock rate or actual cost price?