harpreet singh

A company is in the process of contructing building of 20 floors. And 5 floors are almost completed and ready for its intended use.

My query is :-
1) can we do the partiall capitalisation for these 5 floors.?

2) Is there is any specific provision for the same in the Accounting standard?

3) If yes then what should be the basis for allocating the cost for these 5 floors?

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Anonymous
03 March 2010 at 10:00

ELSS - Invest on spouse name

If i invest in ELSS scheme in my name, can my spouse claim the 80 C benefit in case i have not claimed it from my end?

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karun
03 March 2010 at 09:44

Association of Persons

An AOP was formed on 01.04.2005 by virtue of a un terminatable lease deed for 25 years . It contained two
individuals father and son, Father died.

The lease deed contain a clause that it cannot be terminated by any means.

It means that now surviving son will be the leassor.

But son wants to continue the AOP taking his son in place of his father

My question are :

What will be the Fate of that AOP do we have to surrender the PAN No. alloted previously and apply the new Pan No.

or there will be only rectification of PAN

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SACHIN JAIN
02 March 2010 at 17:44

right to use act

Sir,
I am a regd. dealer in Delhi. I make an agreement in delhi with the co. of MP to transfer right to use my machinery in MP. Now, my querries are as under:
1. Whether it is local sale or central sale.
2. If central sale can I send the goods on C form
3. When the goods will return after completion of job what will be the taxability.
4. What is the taxability if the machines are used in the sea i.e. in oil industry which is outside the limit of India.

Ca. Sachin Jain
9810170619

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MOHIT BATHWAL
02 March 2010 at 13:12

Audit notes of Surbhi Bansal

Can anyone provide the notes of Surbhi Bansal for auditing Final(New Course)?

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Anonymous
01 March 2010 at 19:21

Profit in lieu of salary

If i applied for job and because of gender discrimination, the company denied me to give a job for some particular post and if i claim against that company. and if result come in favor of me then company have to pay compensation for not having a job. it is capital receipt but question is that there is not employer -employee relation between us. so how it can be treated as profit in lieu of salary under section 17(3)

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Naren
28 February 2010 at 15:21

vat/tin for education institute

i wanted to know can an education institute take a tin number, as we r not in manufacturing sector.

Also, if we don't have a tin no. will we have to pay higher cst/vat for our purchases from outside states.

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ABHISHEK AGARWAL
27 February 2010 at 14:40

REFUND CLIAM

TDS OF F.Y.05-06 CLAIMED IN F.Y.06-07 AND INCOME ON WHICH TDS DEDUCTED SHOWN IN F.Y.05-06 BECAUSE FORM 16A ISSUED BY THE DEDUCTOR IN F.Y.06-07 . ASSESING OFFICER REFUSED THE TDS CLAIM.PLEASE ADVICE

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Anonymous
27 February 2010 at 13:26

uttar pradesh vat rate on silver foil

WE HAVE PURCHASED IN UTTAR PRADESH SILVER FOIL CALLED VARKH FROM M/S ABC TAXED @ 1%. THIS ITEM IS USED IN MITHAI AND MEETHI SUPARI. IN OUR CASE THE A.C. IS OF THE CONTENTION THAT THE SILVER FOIL IS NOT ARTICLE OF SILVER AND SHOULD BE TAKEN IN THE 12.5% VAT TAX RATE. IN WHAT COMMODITY AND TAX RATE SHOULD THE SILVER FOIL CALLED VARKH BE TREATED IN UP

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rajiv kumar
27 February 2010 at 12:19

tax on gold coin given by company

A 15 gm gold coin/medallion worth Rs.14300/- was given to all employees by my public sector company to commemorate its golden jubilee. It is not shown in IT return & no TDS deducted by company. I have received a notice from IT dept. saying that this income has escaped from assessment within the meaning of section 147 of IT Act,1961.
May pl.advice.

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