Hello Sir

My Grandfather purchased a commercial Land at Rs.28000 in 1979 & after his death this shop is transfered to my father(Age 60 Years) and his brother(Age 70 Years).Now they wanted to sell this shop at Rs. 12.50 Lacs.My father & his brother also incurred some improvement costs on this Plot & build a shop in 1982 by spending 50000 Rs. on that.but they donot have any Documentary proof in support of that.
Now querries are as follows.
1. is it necssary to give any proof for cost of improvement.
2.Can both of them take advantage of slab exemption on their portion of LTCG(assuming they donot have any other total Income)
3.can they take cash in consideration of this shop.
4. Is their any other exemption available in this case.

Whether Pre–Operative Expenses incurred for the Projects yet to be capitalized liable for Fringe Benefits Tax since POP Expenses claim as Revenue in IT & in Corporate Books it is added to the Cost of Assets which is amortized along with the cost of Assets over the period of its life on which we are not paying FBT at present.

Dear Sir,

What is the procedure for setting up liaision office of a non-resident INDIVIDUAL? Specifically:

a)Being individual, the person does not have audited balance sheet or memorandum of association?

b) What is the format of letter of authorised signatory? Where and for how much should it be stamped?

c) It there any letter to be given by the individual to RBI? If so, format of the letter.


Reg

c)

I have cleared CPT. now advice me how to find out CA firm in Baroda for article ship

Cud sb give me detailed info abt Industrial Training under articleship? Whether it is compulsory,whether it is counted as articleship, what are its criteria, objectives, is it more popular(do more students after 24 months of articleship tend to join industrial training rather than continuing the same articleship)etc?

Which is more advantageous (with long term view): Articled Assistant or audit assistant and Why? What is the difference between the two?

In case of dealers whom VAT no. is alloted how can I ascertain the name of the properietor/ partner of the firm.

DEAR SIR,

I AM WORKING IN ACCOUNTS FIELD FROM PAST ABOUT 15 YEARS AND HAVING A DEGREE ONLY B.COM. NEITHER I AM VERY STUDIOUS NOR SO SHARP BUT WANTS TO GET A PROFESSIONAL DEGREE. I AM NOT IN A POSITION TO LEAVE THE JOB FOR STUDIES.

FOR WHICH COURSE I SHOULD APPROACH KINDLY ADVICE.

Would like to know the date from which the service tax refund can be claimed and also form of refund

C.A.SACHIN RATHOD

Will Vehicle tax be treated as running and maintenance expenses & subject to FBT?