purchase price of property purchased within last 3 years is to
be relied upon not and not on revalued amount for the purpose
of loan against properties.
What are the major components of country's trade account?
Mostly what type of manufactures are coming under TDS and
basic rate for each category
What is invoice processing can u explain it?
What are the specific types of costs that FCA addresses?
DHPL is a small sized firm manufacturing hand tools. It
manufacturing plan is situated in haryana. The company's
sales in the year ending on 31st march 2007 were Rs.1000
million(Rs.100 crore) on an asset base of Rs.650 million.
The net profit of the company was Rs.76 million. The
management of the company wants to improve profitability
further. The required rate of the company is 14 percent.The
company is currently considering an investment proposal.
One is to expand its manufacturing capacity. The estimated
cost of the new equipment is Rs.250 million. It is expected
to have an economic life of 10 years. The accountant
forecasts that net cash inflows would be Rs.45 million per
annum for the first three years, Rs.68 million per annum
from year four to year eight and for the remaining two
years Rs.30 million per annum. The plant can be sold for
Rs.200 million: (a) The company can borrow funds from a
nationalized bank at the interest rate of 14 percent for 10
years. It will be required to pay equal annum installment
of interest and repayment of principal. (b) A financial
institution has offered to lend money to DHPL at 13.5 per
annum but it needs to pay equated quarterly installment of
interest and repayment of principal. Questions: (1) Should
the company expand its capacity? show the computation of
NPV. (2) What is the annual installment of bank loan? (3)
calculate the quarterly installment of the financial
institution loan. (4) should the company borrow from the
bank of from the financial institution?
How to analyse the day to day sensex Points or Forex Values?
Distinguish between straight line and diminishing balnce
methods in calculating depreciation
Mr. A purchased a machinery costing Rs. 1,00,000 on 1st
October, 2005. Transportation
and installation charges were incurred amounting Rs. 10,000
and Rs. 4,000
respectively. Dismantling charges of the old machine in
place of which new machine
was purchased amounted Rs. 10,000. Market value of the
machine was estimated at
Rs. 1,20,000 on 31st March 2006. While finalising the annual
accounts, A values the
machinery at Rs. 1,20,000 in his books.
Which of the following concepts was violated by A?
(a) Cost concept
(b) Matching concept
(c) Realisation concept
(d) Periodicity concept.
Are woollen Blankets (Rugs) taxable under CST ? Can
unregistered party sell it.
IN VAT INVOICES DISCOUNT ALLOWED OR NOT
We are a UK company selling electronic s/w licenses to
customer in India. We have a PAN Number.
Why is TDS being deducted on a product?
Why is TDS calculated on the invoice value - surely it is
supposed to be on Income and not Turnover?
What is the correct TDS % deduction?
What is DRA in bank reconciliation.
M/s ABC Brothers, which was registered in the year 2000, has
been following Straight
Line Method (SLM) of depreciation. In the current year it
changed its method from
Straight Line to Written Down Value (WDV) Method, since such
change would result in
the additional depreciation of Rs. 200 lakhs as a result of
which the firm would qualify
to be declared as a sick industrial unit. The auditor raised
objection to this change in
the method of depreciation.
The objection of the auditor is justified because
(a) Change in the method of depreciation should be done only
with the consent of
(b) Depreciation method can be changed only from WDV to SLM
and not vice versa
(c) Change in the method of deprecation should be done only
if it is required by
some statute and change would result in appropriate
presentation of financial
(d) Method of depreciation cannot be changed under any