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.

HI I AM WORKING IN A PRIVATE COMPANY

I HAVE NOT FILE OUR TDS RETURN FOR SALARY FOR FIRST 3 QUARTER.

IS THIS ATTRACT ANY HUGE PENALITY BECAUSE TDS DEPOSITE AMOUT IN EACH QUARTER IS SO HIGH.......


IS THERE IS ANY PROVISION FOR FILLING NOW FOR ALL FOUR QUARTER???????

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?

i will be giving my pcc exmas both groups in june 09 and my 3.5 yrs training will complete on 2nd oct 2010.if i pass pcc in this attempt will i be eligble to appear in final exams in nov 2010 or else have to wait for may 2011.

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?

Hi Experts,

Pls advise that which registers are statutorly required to be maintained by a manufacturing unit like DSA under Excise rules and whether these have to be maintained manually in prescribed format or they can be maintained in computer also? Pls specify the notification details if avialable.
If possible pls also tell how much sure you are of your replies in terms of %. After your replies pls keep the query OPEN for other experts to reply.

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