Of I am having 50,00,000/- rupees, which i use for construction purpose but right now our project going delay so i think to invest this amount in FD with bank but my friend told me OD with bank facility is better than FD now i cant understand which one is best also tell me by which facility i get maximum return also tax examption....

TDS on Interior Decoration will attract the provisions of Section 194J or is it subjected to any other provisions of TDS ???

which state will deduct the profession tax if the employee is working in indore branch but getting salary from mumbai branch. which rates are applicable whether maharashtra or MP.

What is the law governing a captive power plant?

is there a guidance note or notification etc which prescribes the accounting policies to be adhered to by a company operating & maintaining a captive power plant, what if the power plant is one of the many divisions of the company.

A company availing deduction under 80 IA of the IT Act will still be required to pay MAT, what about the MAT credit treatment, what will be the MAT credit in such a case

SIR
PLZ SLOVE MY PROBLEM

IF I HAVE DEDUCTED TDS U/S 194J DT.03-10-2008 BUT NOT DEPOSITED IN GOVT.A/C UPTO DT.4-12-2008.WHAT PERIOD SHOULD BE COUNT FOR WHICH INTEREST WILL BE PAID.
PLZ GIVE ME THE REFERENCE OF CIRCULAR/RULE

THANKS

There is a Trust which makes Long Term Investments in MUF.The Company purchases the units at a premium. What is the accounting treatment for the premium paid on purchase of Investment? Should it be added to the Cost of the Investment(AS-13) or should it be amortised over the life of the Investment?Plz reply

Thank U

is Depreciation can be adjusted with share application money when in last few years no depreciation has been charged and company has no Retained earnings. (and also if company take the court approval to do so).Advice us.

wether keyman insurance policy shall be allowed for two or more persons?

I have taken up a loan in my name to extend the home ( owned in the name of my spouse). So, whether i could take benefit of interest paid on housing loan in my return or not? Because as per one decision given by CIT in case of S.M.A.Sidiqque v/s. CIT (1984)148 ITR 307(Mad.) that one can claim interest on housing loan taken in his name eventhough the house for which loan taken is owned by his wife or children.

Hallo Expert,
My organisation is paying Rs.650/-P.M as Leave traval allowance to each employees ,problem is that we are not giving exemption to employees, this allowance is adding in the income of employees but emloyees are saying if they submit bills of travel in the office then they can get exemption or not.and what is the saction for exemption and how much amount will be exempted.

Thanks,
Rahul Rana