Can Salaries and other expenses incurred by a company for its expansion project be capitalised. If yes, whether a part of the salaries can be capitalised and the balance be charged to Profit and Loss Account

A Private Limited is company, incorporated in India. B Private Limited is another company, incorporated in India. B Private Ltd has 100 acres of land in its books. There are no other assets or liabilites other than this land. A private Limited purchased the entire shares of B private Limited, with the only intention of acquiring the land. A private Limited has a project of constructing residential apartments in this land. The land will not be transferred to the Apartment owners. It will be on lease for a period of 99 years,. A private limited has entered into various agreements for developing and constructing of residential apartments. The land is still in the books of B Private Ltd. The development expenses are incurred by A Private Ltd, which is treated as project development expenses, in the books of A Private Limited.

Querry:
1. Whether the land will be shown as Fixed Assets or Stock in Trade, in the books of B Private Ltd

2. How the project expenses will be accounted in the books of A Private Limited, when the land is not in the books of A Private Limited

Dear Sir
I just want to Know that Any CA Firm can do Statutory Audit of a Pvt Ltd Co. in which company one of the Directors is relative (Mother) of one of the partner of CA Firm.
i read the Co`s Act but there is no such restriction.
However i have already posted this query in which Abhisek Sir had replied that can not appoint as a Statutory Auditor.
plz clarify me
Thanx

What is the URD amount?

My friend is minor, Is there any separate form for registration of PCC?

IF A PROMOTER IS HAVING 6 OR 7 COMPANIES CAN HE MAKE INTER COMPANY TRANSACTIONS WITHOUT MENTIONING IN THE MINUTES. WHAT HAPPENS IF SOME OF THE COMPANIES ARE (LTD.) AND SOME ARE (PVT. LTD. WHILE PURSUING AUDIT OF THAT IT CLEARLY SHOWS THAT ALL CERTAIN TRANSACTIONS ARE INTERNAL. IS IT ALLOWED BY COMPANIES ACT.?

i trad in shares in previous accounting year 2007-08, my purchase amount around 34,00,000 and sales value around 39,33,000 rs. i recive STT paid certificate on rs. around 67,00,000 value of transction. can i liable for audit ? can i show it as a bussiness income or short term capital gain ? for income tax return which form ITR-1,2,3,4, ?.

What is the meaning of debt equity ratio?

what is main difference between the qualified
and unqualified opinion?

if bill is of last year but recieved by company in next year, say bill of march month purchases,or services etc., then it should be recorded on date when bill is recieved
then as an auditor can we question it regarding prior year exp.or this practice is allowed?