Hi Friends,

We are not paid the last two quarters of FBT payment to the Govt.. Now the problem is shall pay with intrest or not. If yes please state the rate of int.

dear sir,
Employer company remits certain amounts monthly to a Trust created for the purposes of paying gratuity to retired employees. The Trust in turn remits these amounts to LIC annuity account . On each retirement , money is collected from the Trust and paid over to the Retired employee. Is the Trust liable to deduct TDS from the payments made to Company,s employee? If so at what rate ? Under which section ? On the whole amount or part of it?

the accumulated loss of a urban coperative bank was Rs.26,00,000 as on 31.03.2006.return was not filed for the financial year 2005-06.
during financial year 2006-07 bank earned profit of Rs. 27,00,000.
can the loss Rs.26 lakhs outstanding on 31.03.2006 deducted from profit 27 lakhs in 2006-07?
if not will the whole profit earned Rs.27
laks will be taxable in the year 06-07?

the accumulated loss of a urban coperative bank was Rs.26,00,000 as on 31.03.2006.return was not filed for the financial year 2005-06.
during financial year 2006-07 bank earned profit of Rs. 27,00,000.
can the loss Rs.26 lakhs outstanding on 31.03.2006 deducted from profit 27 lakhs in 2006-07?
if not will the whole profit earned Rs.27
laks will be taxable in the year 06-07?

Last date for Q4 return24Q & 26Q return

Hi,

I would like to know is carry forward of leave or leave encashment at the end of every year is desiarable.In case leave is carryforward then is the provision for leave encashment allowed under the income tax act in the year of provision.

sir,
PLS ANSWER
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,
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?

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?