Answer / sridharan.v

Incomes are classified inti Two Types:-
i. Direct Income
ii. indirect income


i.Direct income is one whih is earned directly by way of
bussiness Activites.

ii. Indirect incomes is one which is earned by way of Non-
Bussienss activeties i.e Sale of Old News papeers, Sale of
cartan boxes etc...

Answer / rahul kumar soni

THERE ARE TWO TYPE OF INCOME.......
1-DIRECT INCOME
2-INDIRECT INCOME


1-DIRECT INCOME-DIRECT INCOME IS ONE WHICH IS EARNED BY
PROFESSIONAL WORKS. EX.. SALE OF THE GOODS.

2-INDIRECT INCOME-INDIRECT INCOME IS ONE WHICH IS EARNED BY
THE EXTRA WORKS. EX... RECEIVING INTEREST,RECEIVING
DISCOUNT, PROFIT ON THE SALE OF OLD ASSETS.

Answer / k. srinivasa rao

direct income basing of company nature of business eg. for
construction company - sale of flats, sale of plots,
contract income received, 2. for trading companies - sale
of the materials

if the company received any other income i.e not relating
to the nature of its business i.e indirect income.

i.e dividend on chits (not for chit fund companies),
interest received on f.d's, sale of scrap, any misc. income

Answer / nagarajan

Incomes are classified inti Two methods:-
1). Direct Income
2). indirect income


1).Direct income is one whih is earned directly by way of
bussiness Activites.

2). Indirect incomes is one which is earned by way of Non-
Bussienss activeties i.e Sale of Old News papeers, Sale of
cartan boxes etc.

Answer / ajay dash

Direct Income:- The Income gained or earned directly in any
economic activity either in business or in job e.g. salary
of a slaried person or profit earned on yhe sale of a
product.

Indirect Icome:- The extra income earned, may or may not
belong to any business activity e.g interest recieved on a
fixed deposit of capital, recieving discount etc.

Answer / ravindra

DIRECT is the income which is directly earned eg - profit
is also regarded as income because it is derived after
deducting all the expenses eg - income tax is leived

indirect income is the income which is indirectly earned
may be received in the form of lotteries,

Answer / gajendra yadav

direct income basing of company nature of business and such
incomes may be releted next year eg. for
construction company - sale of flats, sale of plots,
contract income received, 2. for trading companies - sale
of the materials

if the company received any other income i.e not relating
to the nature of its business i.e indirect income.

i.e dividend on chits (not for chit fund companies),
interest received on f.d's, sale of scrap, any misc. income
and unearned commission and unscured profit & reserve for
baddebts.

Answer / padma

The classification of direct incomes & indirect incomes is
based on the nature of the business. If the incomes are
directly connected with the business, then it is termed as
direct incomes. For example all fees collections are direct
income for an Educational Institution. Similarly if the
incomes are not directly connected with the business, then
it is termed as indirect incomes. For examples interest
from deposits etc...

Answer / ravindra

if the income is related to the nature of the business then
it will be treated as irect income if the income is not
related to the nature of the business they are doing or
registered then it would be treated as indirect income.

Answer / amit chandra

Direct Income:- The Income gained or earned directly in any
economic activity either in business or any job
or
The incom gained or earned directly which is the business
activities and realted to economy
e.g. salary
of a slaried person or profit earned on yhe sale of a
product and sale of plots and flates.

Indirect Icome:- The incom earned by other sources which is
our direct incom.
The extra income earned, may or may not
belong to any business activity
e.g interest recieved on a
fixed deposit of capital, recieving discount,profit earned
by the sale of outside assets which is not related to the
business activities

what is asset under constractions

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What is wealth maximisation

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how to check which item is sold by the sundry debtors in tally?

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What is the due date for filing monthly & annual sales tax returns in karanataka

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what is the difference between Assets Allocation & Security selection?

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How Many Points include in Mat Calculation , what is the different bitween Gross Profit & Book Profits?

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why balance sheet should tally?

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what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching

0 Answers  

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 return 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.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing 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 annual 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 installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?

0 Answers  

what is actual meaning of Tax Deduction at source

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Should I deduct TDS for Dyeing Charges in Garments Industry? If yes what is the percentage under which group it will come?

3 Answers