what is the accounting treatment to be done in the books of a cooperative housing society which maintains and runs a retirement community for old people - it takes lumpsum amount equal to sale consideration but the ownership of the property is not transfered - and collects some maintenance charges every month for operating and maintenance. It is done only to keep up the sancity of the retirement community - so that the same and like minded kind of people take its benifits.the outgoing member can take away the initial deposit money paid if he is leaving the community and some other member can join in his place - but is restricted only to the old people - so now the basic questn is WHAT IS THE TREATMENT TO BE GIVEN TO THE INITIAL DEPOSIT IN THE BOOKS OF THE COOPERATIVE SOCIETY - AND MOST IMP CAN A COOPERATIVE SOCIETY BE FORMED ON THE BASIS OF SUCH PRINCIPLES .

In case lease of STPI unit is expiring on Jan 09 can we claim 10B deduction for A Y 2009-10?
In case we transfer the income to some other already existing STPI/SEZ unit can we claim the 10B deduction through that already existing unit.

Hello to all members of CA Club India.

I have a query about Eligibility of Associate member of our institute for pursuing PhD.

I am in possession of an MoU between ICAI & University of Pune which states that FCAs are eligible for PhD.

Now here are the query(s):

1. Is there any university where Associate member (ACA) is eligible for PhD?

2. Has any member of CAclubIndia registered as a PhD student in ANY university? If so, please drop a mail at adityapanse@gmail.com

3. Does anyone know of a person who can guide me in this regard?

VAT liability arises on booking basis or on actual receipt/payment basis?

Dear all
Thr s a doubt on Finance act application onto Ca-PCC xamz nov.08. I hv my PCC xamz in nov08. now th question s which finance act would b applicable to me-----
finance act-07,,or
Finance act--08.
As per ICAI guidelines,anything that comes before 6 mnths of xamz is applicable for the relevant xamz and th finance act 2008 s as such applicable frm april onwards,,,that falls into said criteria of 6 mnths. but it got its assent frm president on 10th may,08 which s outside th criteria of notifications applicable that comes before 6 mnths.
now I am confused that weather to Nov. 2008 xamz finance act 07 or finance act 08 be applicable??/???/?

I am told about th Finance act 07 being applicable as Finance Act 08 got itz assent in May 08 so it is not applicable to us but to may n nov 09 xamz..


But I need an answer from xperts.
So Plz. kindly respond n help me out of this stupid well.

Thanking in anticipation
Regards
Ankit

Suppose we have made the TDS payments on bills of two different quarters through one challan.How should it be shown in Tds return of both Quarters?

A company has wrongly deducted less TDS and issued TDS certificate thereof.
Now, after detecting the mistake, the company has asked the concerned entity to return the balance amount (i.e. TDS should be deducted less TDS already deducted) and accordingly the concerned entity has returned the balance amount. Now the question arises that whether the new TDS certificate to be issued should be of balance amount or the earlier TDS certifate is to be called for and TDS certificate of full amount is to be issued

In a case of call center where indivisual telecaller is hired on contract basis with his salary is divided in basic & other beninefits and tds is deducted at contract rate, wheather employer is liable to deduct & depodit PF & ESI on such payament or not.PF & ESI is applicable on such company as per act.

waht is the procedure for filing Revised TDS return?
What are the charges if revised return has to furnished for 2nd as well as 3rd quarter finacial year 2007-08.is correction statement same as revised return?if Yes, same query for filing correction statement.

hello! can u plz suggest me the best way to prepare for May'09 Law Paper for CA Final.
also suggest a reference book