Easy Office

Fund received from contigency fund is Done fixed deposit and interest receive can be shown in contig

This query is : Resolved 
Profile Image

Profile Image

(Querist)
21 September 2021 I'm member of resident welfare association fund received from contigency fund is Done fixed deposit. Can interest receive from FDR are shown in contigency fund. reason
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
21 September 2021 Yes, such interest can be shown as contingency fund. Earnings of funds should be part of funds.
Profile Image

Mayank shah

Profile Image

Mayank shah (Querist)
21 September 2021 what will be it's tax implications.... can tax liability be better managed



Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
22 September 2021 Tax payable on such earning of interest.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links