Dear Sir,

A charitable Trust has accumulated Rs.5 lakh in the year 2008-09 for construction of a building for running a School. Form 10 specifying the same filed with ITO. Now it is not feasible for the Trust to build a building and run a School for various reasons. Now please guide us can the Trust use the accumulated amount for construction of a residential houses for letting on rent and that rent can be used for the object of Charitable Trust.

Thanks & Regards,
C. Durairaj
Manager,
Sree Visalam
Pallathur-630107

Construction company following project completion method has acquired land for project and has classified land cost as well as incidental expenses incurred for the same under work in progress . now if such land is sold how is the gain to be treated

SIR, I HAVE REGISTERED FOR CS INTER AND CLEARED IPCC IN THIS ATTEMPT AND I AM DOING T.Y B.COM SIMULTANEOUSLY. I DIDN'T KNEW THE PROVISIONS OF 112 WHEN I REGISTRED FOR CS. SO WHAT CAN I DO KNOW?

Dear Expert,

Can you advice me how to built-up the career / expert knowledge in Project Finance / Banking / Institutional Finance to the Corporate / Busuinessmen.

Through Study - Books
Through Course - please specify for weekend course (Saturday & Sunday).

Regards
Pravin Jain
9221219170

I am planning to sell my land & building in Chennai for the purpose of higher education of my son. Please advise me of the possible deductions/taxes I need to suffer out of the Sale consideration. The guideline value of the property is much higher than the amount required for the education; understandably the amount utilised for education will suffer tax. Please also advise me the steps to legally avoid/reduce the CG.
Thank you for your kind reply.

i have a query
I have taken home loan with following details:
loan amount:3000000
interest rate:11%
tenure:300 months
EMI would be around 27400.

my question is If I dont's pay any EMI and I say that I will pay the full amount on completion of 300 months. What would be the amount payable at that time.

Hey All,

This query relates to hiring of a professional as a consultant by a firm or a company.
Suppose the amount paid as retainership payment is Rs 20000 p.m.
What would be the tds provisions attracted and the journal entry for the same in the books of the Employer or the person receiving the consultancy services.
Is there an service tax liability on the part of the payer or receiver.
Regards
Punit

Dear Expert,

I am working in Pvt. Ltd. Co. in India. I require the opinion that can we deduct TDS on Salary of our employees, they are wholly working on Nepal.

If TDS is applicable then as per which Section or rule.

Regards
Pravin Jain

Hi Dear All,

Can any one please tell me about item Tariff Head no.8413:81:30 and 8413:70:10 of a manufacturer company excise duty on these metrial is 6% but i dont know abt the scrap sale rate of duty and notification no. can any one plze provide me.......

dear sir,
can our ca put any restriction during first year of articleship for transfer??
my last query remained unanswered, hoping for your response.