a urban cooperative bank has invested funds as fixed deposit in other cooperative bank with a condition that after the maturity the interest will be added to the principal & reinvested .
what will be the treatment of accrual interest for the financial year 2006-07?
can this interest be claimed as deduction from the profit of the urban coperative bank as income derived by the coperative society from its investment in any other coperative society?

cooperative bank has invested funds as fixed deposits in other coperative banks with a condition that after the maturity the interest will be added to the principle & again be reinvested.
what is the treatment of accrual interest in the financial year 2006-07?
can it claim deduction for the interst received as income derived by a coperative society from its investment in any other coperative society?

Whether Managing Director of a Private limited company can withdraw and deposit cash through current account transactions

Is Depreciation allowed for a fixed asset which is purchased by paying Rs.25000 in cash

Dear Friends,

We would like to know whether any compliance have to comply under FEMA for the following facts:
1. A company registered in Canada wants to appoint a person in India for carrying out the Marketing activities.
2. The peson appointed in India will be on the rolls of the company registered in Canada.
3. Presently the Canadian company is executing the turnkey projects with the help of a company registered in India.

Please let us know if you require any other facts to provide the information to us.

Regards
Nagaraj MR

WE ARE SALES TWO GOODS JOINTLY BUT PURCHASES ARE DIFFERENT RATES
FOR EX.4%PURCHASES AND 12.5% PURCHASES
BOTH ARE SALES JOINTLY WHAT IS A SALES TAX
RATE FOR SALES WE DONT BIFURECATE THE ABOVE SALES

Dear all
While making payment for repairs of motor cars,TDS will be deducted on the gross amount billed or on the maintainance charges.

how to treat the tree cutting compensation received from company on our own land.Whether Capital Gain or AgriculturalIncome

the regn. form of my co. did not contain a service which we were providing. However, we were regularly receiving service tax and paying it to the govt. But in an audit of our clients, it was pointed to them about this anomaly. The CEO has asked our client to pay the whole of service tax.
we have provided all the doc.evidence about payment of such tax but to no avail.

Now, that we have amended our regn. no. what could be the possible redressal?

we are into erectioning and commisioning business and also provide AMC n AMC was missing from our regn.

Please provide a solution

when we pay the interest for late payment of tds to gov.we are elgible to deduct interest as admissible expenditure?.if we can under what section.