CA.Hanumantha Reddy's Expert Profile

Queries Replied : 410

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About me

 

Qualified CA in May 2006 exams and cleared CS inter.

contact @ hreddyca @ gmail.com

    What kinds of questions I can and can't answer?
    I can answer any quary pertaining to Karnataka Value Added Tax laws, Service Tax, FTP, Customs, Central Excise and Basic issues on Income Tax

    My area of expertise
    Custom and Excise

    My experience in the area (years):
    2 years plus

    Organizations I belong to:
    Service Sector

    Publications or writing which has appeared :
    NA

    Educational credentials:
    B.COM, CA,CS(Inter),

    Award & Honors:
    Na

  • C.Ravi Yadav says : Central Excise
    Dear Mr.Reddy, could pls clrify whether a manufacturer can trade (Buy and Sell) were he manufacture same articles ?

  • santhosh Kumar says : service tax on ocean freight difference
    Sir, We are registered under multimodal transport operators (MTO)We are collecting Occean freight from shippers / customers and paying to shipping lines. i.e. collecting 1000 from shipper and paying 950 to the Shipping line and 50 is our margin. In other words, we are adding our margin with the freight amount receivable from the shipper. Our querry is whether service tax is applicable in the margin of Rs.50/- Kindly Adv.

  • satyanarayana says : service tax
    discount allowed on collected amount at operator itself (i.e total amount collected minus discount allowed is payable to the department-telecom

  • geeta says : Query on assignment of contracts
    Hi, The existing software company is an indian company. It has a wholly owned subsidiary company overseas. This overseas company has formed a JV (30%:70%)with another overseas company. Now the indian company wants to enter into an agreement with this JV company to assign its existing ongoing contracts in India and overseas. Its proposed that the future billing for the balance work on the assigned contracts will be done by the JV company and the revenue will accrue to it. It will however take the help of the indian company (basically the employees) for rendering the services on these contracts for which the Indian company will bill the JV company at an agreed man month rate for using its employees. Hope these details will suffice. Pls do let me know your views on how to structure this agreement and what are the provisions of the IT Act that one should bear in mind.


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