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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SHAHABAZ says : REGARDING IT AUDIT
I HAVE CROSSED THE TURNOVER LIMIT I.E 40LAKH IN THE AY 10-11. BUT DUE TO LACK OF KNOWLEDGE I HAVE NOT AUDITED MY ACCOUNTS. SO NOW I HAVE RECIEVED A LETTER REGARDING THAT FROM COMPLIANCE MANAGEMENT CELL OF INCOME TAX DEPARTMENT. AND ANOTHER THING I WANT TO ADD IS I DO NOT HAVE ANY BOOKS OF ACCOUNT FOR THAT PERIOD. SO WHAT CAN I DO NOW? AM I ELEGIBLE TO GET AUDITED & FILE INCOME TAX RETURNS OF AY 10-11 WITHOUT BOOKS OF ACCOUNT. WHAT IS THE PROCEDURE AND WHAT ARE THE PENALTIES I WILL BE IMPOSED? PLEASE ADVISE ME REGARDING THIS MATTER.

sanju8 says : Service Tax Quary
Dear Sir,I working at Legum Lexicon Soluations Pvt Ltd.,This Company Is Service Provider Company,Its Service Tax Pay monthly Yaha quartly

sanju8 says : Service Tax Quary
Dear Sir,I working at Legum Lexicon Soluations Pvt Ltd.,This Company Is Service Provider Company,Its Service Tax Pay monthly Yaha quartly

Shiv agrawal says : IT return filled twice
I am facing an serious issue. I am working in an Software MNC. In 2013, I had filled the IT return twice under same PAN number. I filled the IT Return online based on my salary. On the other side one of my relative who maintained my IT file also filed an IT Return manually based on other income in same year. We both were not aware that we both are filling an IT return. these was discovered when i talked to my relative. This continued for 2 years. I am also not able to see the the IT return that was filled manually in my Online Account (in IT portal). therefore, i am completely confused whether manual one do not show online or manually it was not filled? or the manual one got rejected? One of the CA told us that filling IT return is a huge issue and there can be a fine too. Is he correct? What is the solution to resolve this issue? How can i get it resolved what are the steps do i need to take? Read more at: http://www.caclubindia.com/forum/income-tax-return-filed-twice-285345.asp#.UyXnGD-Szao

CA Abhishek Pal says : Sir Please resolve my query
Experts please help me out... Actually we are a construction company and the audit of F.Y. 2012-13 has been done. And we paid lots of commission to parties to our but we duduct TDS on year end 31st March 2013 and it is also wrong deduct. Suppose we make payment to our Commission Agent amounted Rs. 50 lacs on F.Y. 2012-13. Then we didnt deduct tds on time of payment. But deduct tds separetly as 10% of Rs 50 Lacs(5,00,000/-)at year end by making journal entry and make payment of TDS on 31st March along with interest on late payment only. But i think correct TDS deduction should be 5000000/.9 X 10% (Rs.5555555.55 x 10%) i.e. Rs.555555.55...Please advice me how should i correct this matter by filing of REvised Return, bcz if i Revised then my Commission Expense will also change. Read more at: http://www.caclubindia.com/experts/modify_message.asp?entry_id=797730