pls give the reply .
I have tried 3 to 5 times with a query
my query is.
urban coperative bank has invested funds in other coperative banks as fixed deposits with a condition that after maturity interest earned will be added to the principal & again be reinvested.
what will be the treatment of interest accrued for the financial year 2007 ?
can the interest accrued be deducted from profit of the urban coperative bank u/s 80p as income derived by a cooperative society from investment in other coperative society?

HELLO CA FRIENDS

I WOULD LIKE TO SHARE AND NEED YOUR VALUABLE COMMENTS IN REGARD TO MY CAREER .
FREINDS RIGHT NOW I AM WORKING WITH FINANCIAL MARKET COMPANY WHICH IS AMONG TOP 15 COMPANIES IN INDIA.I HAD BEEN OFFERED BY MD TO BECOME THE HEAD OF DEPARTMENT OF EXCHANGE RELATED ACCOUNTING BUT I DENIED FOR THAT POST BECAUSE I PERSONALLY FEEL THAT IF I WILL CONTINUE WITH THAT POST I WILL UNABLE TO KEEP MYSELF IN TOUCH WITH TAXATION MATTERS. THOUGH FROM MONEY CONSIDERATION POINT OF VIEW THE POST I DENIED WAS FRUITFUL BUT I BELEIVE THAT AFTER BECOMING CA ITS BETTER TO GET CONNECTED WITH THE LAWS AND TAXATION WHICH IS OUR BASIC PROFESSION AND EVEN IN FUTURE IF I WILL GO TO THE COMPANIES OTHER THAN FINANCIAL MARKET RELATED CO'S ITS BETTER PLEASE SUGGEST ME WHETHER I DID RIGHT OR WRONG .

IS V.K. SINGHANIA OR T.N.MANOHARAN BETTER FOR PCC TAXATION.

do a society registered under societies registration act 1860 is taxable in eye of income tax act as an association of person or in some other manner section. Is there any exemption or deduction available to them bcoz the society is not form for the profit purpose

PLEASE HELP

how to do sales reconciliation

WE HAVE COLLECTING SERVICE TAX FOR RENT ON FACTORY BUILDING AND ADJUST THE SERVICE TAX IN OUR CAPITAL GOODS CREDIT... WE ARE THE MANUFACTURING COMPANY.. THE C.E.RANGE OFFICIALS ASK A CLARIFICATION REGARDING ADJUSTNG OF SERVICE TAX ON RENT WITH CAPITAL GOODS CREDIT NO WAY CONNECTED TO MANUFACURE...
KINDLY ADVISE ME...

Hi All,

Is Serivce tax attracts for online classes & Essay Writing who are in India & Aboard (GMAT).


Please guide me if any one knows.

regards
Kalpana

I AM VERY GREATFUL TO SIR FOR GIVING ME A SUTITABLE ADVICE IN RELATION WITH VARIOUS IMPORTANT TOPICS. THANKING YOU! UMASHANKAR VAISHNAV CA FINAL

Sir I have taken the loan of Rs. 10 lakhs for investing in the shares and paid interest on such loan and at the year end i have sold such shares and have a a capital gain .i want to know whether i can claim the deduction of interest on loan.give answer with neccessary referrence to income tax act,1961


Note: I have only income from capital gains

Repected Sir/Mam

I want to knw that how could i manage my time for studying theory subjects and how to remember them i.e. an idea of making notes upon them


Abha
C.A.(PCC)