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.

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?

A Civil Engineer working in Construction Co. receives the cheque(Amounting Rs. 22,000/month after deducting Professional Tax)from the co.(and sister concerns)against the salary .

However Tax is not deducted. Now the employee has to file return of Income.But he won't receive Form 16(which is quite obvious)from the company nor the company provides monthly sattement giving the break up of salary(basic,conveyance allowance....)

If the Income is calculated based on the salary breakup specified in the appointment letter,is it valid?

If yes, is there any need to submit any proof along with the return?

Dear Friend.

Do you know FAMILY TRUST, WHATS BENEFIT THEREOF & WHATS FORMILITIES TO BE COMPLETE.

Please any one knoe this then replay ASAP.

Regards,
CA Radhesham M. Bhutada
9822890980

Ours is manufacturing company. A project is going on for developing the company's new building.

Now i wanted to confrim whether We can capitalise the salary of the person (Includes directors and other managemnt staff) visiting the above project.

If yes Whether it would be correct doing that?

Is their any accounting standard related to this issue?

Hi,

Can a CA working as full time paid staff with a CA Firm or in bank or industry also provide Consultancy services to his clients and raise invoices for the service charges? If yes, shd he get a some firm name registered or how & by what name he can issue Invoice to his client?

Please clear last date of IV th quarter return in case of TCS and Payment to non residents before 31st march-2009.


Please treat it urgent.

Mukesh

Whether Monitory limit prescribed u/s 44AB (a) & (b) i.e. Rs 40L & 10L respectively is businesswise or assesseewise.
(ex an individual having several business which individualy below the limit and cumulatively crosses the limit)
Any circular, notification, caselaw etc for this issue

Please inform the process of surrendering of a PAN.

A,B and C are brothers and they have purchased some properties in 1966 and lateron there was a partition between them in 1982 and specific properties came in the name of A . A died in 2006 and the specified property related to A has transfered in A's Son and son has sold 3 floors and residing with his family at ground floor during 2009 - 10 . What are the tax implications under capital gain tax and what can be best planning to reduce the burden of tax ?