CAclubindia

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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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Nara Hari says : How can i pay money to NRI seller
Sirs I'm in a process of buying NRI property in Bangalore. The sellers lives in America and now all payments should i pay to his Indian bank account or foreign bank account Please advise Regards Hari

Gopi says : NPA declared. Please help
I was one of the guarantors of a MSME for a term loan from Vijaya bank (now Bank of Baroda). I had given a residential property as a colleteral fr the loan. Unfortunately due to covid and other problems our factory incurred huge losses and couldn't afford to pay the EMIs for the loan. Now, the bank has sent letters that if we don't pay the term loan, they will take away the property and make us liable for the outstanding loan balance. Can they do this? If so what options do I have.

Nanu Gupta says : Pan card agency
Sir can a CA take pan card agency from nsdl? If yes then can u pls guide regarding how to get it, how much investment reqd and how much commission is paid?

Amit D says : Section 54F
Is there any new update to Section 54F whereby, we cant invest the full consideration received to buy a Residential Property and claim exemption for the Full Amount?

LEELA GOLIYA says : Whether ITR to be filed or not.
I am doing trading from last two year for which details as below:- F.Y. 2019-20 Intraday loss Rs. 1660 STCG. Rs. 2200 F&O loss Rs. 40200 Turnover Rs. 4,82,000 other charges. Rs. 18500 So please suggest me that 1. ITR filing required or not. if required than which ITR ?? 2. If we file ITR 3 and showing loss with the turn over 5 lakh as above, then it is require to maintain books of account and audited it ??

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