Ours is a manufactring company and is developing a project ie(Purchased land and started to develop a building for its own use). Can we capitalise salary cost of Our MD, CFO and Other corporate staff on some % basis to the new project as they are attending the sites for some work.

Whether the expenses to be capitalised are to be treated as development cost and AS-26 Intangible Assets would be applicable.

OR

Whether the capitalisation of preoperative expenses would be covered under AS-10 Fixed Assets.

PLease confirm.

capital gain indexed cost for financial year 2008-2009?

HI I AM WORKING IN A PRIVATE COMPANY

I HAVE NOT FILE OUR TDS RETURN FOR SALARY FOR FIRST 3 QUARTER.

IS THIS ATTRACT ANY HUGE PENALITY BECAUSE TDS DEPOSITE AMOUT IN EACH QUARTER IS SO HIGH.......


IS THERE IS ANY PROVISION FOR FILLING NOW FOR ALL FOUR QUARTER???????

An employee receives Salary from his employer which does not include any component by name of Medical or LTA but can he still claim Medical benifits upto 15000 and LTA expenses as per IT rules while filing his ITR?

Dear all,
Payment made to single party but 2 different contracts(for one 35,000 (per year) & for other one 45,000)
whether TDS to be deducted or not u/s.194C?
(separate contracts does not exceeds the aggregate of Rs.50,000 but combined exceeds the same)

An employee receives Salary from his employer which does not include any component by name of Medical or LTA but can he still claim Medical benifits upto 15000 and LTA expenses as per IT rules while filing his ITR?

hi everybody,i have my PCC attempt in november'09 and i have to go for self study only for income tax subject.So pls advice me as 2 which book 2 follow so that it is easily understandable for me.I heard about vkshingania's book n padhukas n Tn manoharan's book.so pls tel me which is the best book for self study.thank you.

Hi,

An employee is working with a company and is being paid his salary through cheque after deducting some TDS as applicable. But he has not been issued any salary slip during the year. Now he leaves his job at Mar ending. Due to some conflicts while leaving, Company is not issuing any Form 16 or other to him. How can he prove that his TDS has been deducted and file his ITR?

Hi,

An employee is working with a company and is being paid his salary through cheque after deducting some TDS as applicable. But he has not been issued any salary slip during the year. Now he leaves his job at Mar ending. Due to some conflicts while leaving, Company is not issuing any Form 16 or other to him. How can he prove that his TDS has been deducted and file his ITR?

MY CLIENT HAVE TAKEN NON REFUNDABLE SECURITY EQUAL 6 MONTH RENT AND THIS AGREEMENT TIME PERIOD WAS 2 YEAR.
NOW F.Y. 2008-09 FROM SEP MONTH, RENT IS NOT RECEIVED FROM DEBTOR TO MY CLIENT AND CASE AGAINST PARTY PENDING IN COURT.
NOW MY QUERY IS WHETHER SERVICE TAX SHOULD BE PAID MY CLIENT OR NOT, IF CO. RECOGNISE REVENUE THROUGH ADJUSTMENT OF SECURITY. ONE POINT IS ALSO CONSIDERED THAT MY CLIENT HAVE COLLECTED SECURITY EQUAL TO SIX MONTH RENT EXCLUDE THE S.T.