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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palash says : Issues in case of death of a partner in a partners
If there r 2 partners in a partnership firm and, one partner died on 30.09.2018 and on 01.10.2018 two new partners join the firm, then: 1. wht changes should be made in partnership dead, weather I hv to go with new partnership dead or supplementary dead is sufficient? 2. should I continue the firm with same PAN or I hv to apply new one? 3. should I prepare financial statements separately, for the purpose of audit? 4. whts will be the impact on income tax return filing?

Bhu G says : Advice on LLP contribution, capital and tax return
What can an LLP do if a partner has invested more than required contribution - monthly for salaries, rent, etc? 1. Do we have to modify the LLP agreement to reflect the increased contribution each month? 2. Can we show the extra investment as a loan from the partner if we didn't modify the LLP agreement? 3. Can the partners' capital be more than the LLP contribution amount on the tax return? Please guide, and thank you.

Syed Anwar says : please help in this issue
A foreign company or foreign Individual is buying 100% shares of a Indian company.What are the procedures to be followed for transfer of shares related to MCA & FEMA FDI compliance.If any formats or Drafts available please provide them. Please look into the query and resolve them. Thanks & Regards Syed Anwar

Naina says : Treatment of money received from deceased relative
Sir, My grandfather passed away last month and all his account balances and bank deposits amounted to Rs.7,00,000 which was closed and transferred to my fathers bank account on March 5th 2019, and the entire amount was withdrawn in April and used for payment of college fee for my sisters higher studies. So what is the treatment of this amount for income tax return filing.

SATHISHKUMAR says : Composition Scheme for Intermediary Services
A person was engaged in providing intermediary services to Foreign supplier and he gets commission for such services as consideration. Since place of supply for intermediary service is the location of supplier, he is liable to pay GST on such commission income. Can he opts of Composition Scheme under Sec 10 if his turnover is less than Rs.50 lakhs?