is there any formula to calculate
cost of funds...expense related to raising the funds were a.interest
b.commission to agents c. admin expenses

hey guys have u heard about it?
the institute is cuming with some new amendments in CA act.. now taking transfer from your CA will not be so easy..
transfer is allowed only if parents gets transfer at any other place..
also some more rules are going to be stricted.. like u can'nt attend ur B.com classes between 9 AM to 5PM..means if u want regular bcom then u will have to opt for the evening classes.. also ICAI members who are providing coaching can't set batches between 9 AM to 5PM for CA students...

i came to know about it from a friend of mine..
i just wanna confirm whether it is true or not??

plz expert reply soon

sir,
urban coperative bank has received dividend from U.T.I & it is shown as income in profit & loss account in their
report.
profit earned for the financial year 2006-07 includes dividend earned from U.T.I.
While filing the return for 2006-07(F.Y)Can the dividend be deducted from the profit shown in the books of accounts & then tax computed on the rest amount?

sir,
urban coperative bank has received dividend from U.T.I & it is shown as income in profit & loss account in their
report.
profit earned for the financial year 2006-07 includes dividend earned from U.T.I.
While filing the return for 2006-07(F.Y)Can the dividend be deducted from the profit shown in the books of accounts & then tax computed on the rest amount?

Sir,
One of my clients in Maharashtra purchases goods from Delhi and sells the same in Delhi itself. The goods do not travel in Maharashtra. The party from whom he purchases directly dispatches the goods to our customer and charges Delhi VAT on the same and mentions as Billed to : My Client, Maharashtra ; Dispatch to : Our Delhi Customer. We have not claimed the input set-off of any amount and we are not paying any VAT / CST in this sale transactions. Kindly give your valuable opinion on thisa issue.

The Second issue is whether if our purchase and sale in Delhi exceeds Rs 5 Lakhs whether we need to obtain VAT / CST Registration in Delhi .

Please reply as soon as possible.

Kind Regards
Uday Bathia
udaybathia@gmail.com
9767676760

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?

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