Hi, Experts

Plz give me clarification what do mean by interested director, i am confusing this question, what is interested director
Plz give me briefly able to understand and give examples also, Plzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

Dear all,
I have a case where i am getting confused W.R.T input credit . please help:-)
Say:- Assessee has to failed to recognize RCM towards Advocate fees and treated the same as an ordinary telephone bill i.e. they have taken 100% input cr without paying thier part of Service tax.
So can anyone enlighten me with the relevant provisions especially input credit..

Thanks

Section 80 TTA provides for deduction of interest on deposits in saving account upto Rs 10,000 and explicitly provide for exclusion of interest on "time deposits" from this deduction.

My question : Whether 'time deposit' shall include deposits in Sweep or Flexi Account?

Though, Deposit in Flexi/Sweep Account is undoubtedly a king of term deposit and logically not eligible for deduction under this section.

But explanation to 80 TTA states that "for the purpose this section, 'time deposit' means deposit repayable on expiry of fixed period"

An argument could be that Sweep Transfers are never repayable on expiry of fixed period. They are repayable on demand. There may be a fixed period for crediting interest, but no fixed period after expiry of which, which the assessee's funds are returned back to him.

In fact, these deposits are nothing but an extension of assessee's saving account as assessee need not break these deposits before making any payment. He simply has to draw a cheque from his saving account and these deposits are automatically broken to the extent required to make such payment.

Hi can anyone tell me which classes r best for CS Professional exams preparation???

Dear Sir,

Can reserve created out of upward revaluation of land & building can be credited to proprietors' capital account.

Please provide the DIN Logic

Dear Sir,
I have passed Ipcc both groups in nov 2012.But still i didn't receive my original marks card.My friends got it 2 months back. How can i get it now sir.

I am chartered accountant nov 2012 passout cleared with 60.5%. I have applied in various companies and ca firms,upload resume on naukri.com,monster.com but not getting any reply.
fully frustrated.I have completed my articleship from a low firm. IS THAT THE REASON??
PLZ give me some advice.

I have FD with interest income and that interest is reinvested in that FD. Whether the interest income is to be treated as income in the accrued basis each year or after the maturity of FD as per cash basis ?
If accrural I have not considered it as income in AY 2012-13 Now What to do how much interest to consider as income this year

Hello everyone!
Can I take up ATC Exam before undergoing 1 year practical training?or one has to get training first and then appear for ATC exam?
Eagerly awaiting reply...

Thanking You in advance!