Help urgent
This query is : Resolved
26 January 2014
Hello all
I am an accountant in a pvt ltd co. I want your valuable advise. I hope you will help me. My points are:
1. The pvt ltd co purchased a land in joint with an individual as a joint holder. Now they intend to construct the building on the land. What are the provisions with the co to comply with? What are the points for the purpose of tax to be kept in mind.
2. Can the company open the separate joint account for the construction in the name of the director of the Co and the joint holder of property? Kindly send the formats also to enable us to comply.
Kindly reply as soon as possible.
Regards and Thanks
Sanjay
I am an accountant in a pvt ltd co. I want your valuable advise. I hope you will help me. My points are:
1. The pvt ltd co purchased a land in joint with an individual as a joint holder. Now they intend to construct the building on the land. What are the provisions with the co to comply with? What are the points for the purpose of tax to be kept in mind.
2. Can the company open the separate joint account for the construction in the name of the director of the Co and the joint holder of property? Kindly send the formats also to enable us to comply.
Kindly reply as soon as possible.
Regards and Thanks
Sanjay
CA Ghanshyam Joshi
(Expert)
27 January 2014
Better to contact a CA in nearby area for good tax planning with all facts & figures readily available and for alternate available solution
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