Answer / h.r. sreepada bhagi

PBT - Profit Before Tax. This is the Net profit in the
Profit & Loss A/c before Income Tax (Including Deferred Tax,
if any).

FBT - Fringe Benefit Tax - Tax levied by the Central
Government in India (Income Tax Dept.) on the Fringe
Benefits enjoyed by the employees. FBT has been withdrawn &
is not in force in India now.

HOW A PARTNERSHIP FIRM CALCULATE TAX ON INCOME

2 Answers   IBM, UBI,

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The Depreciation Rate for Heavy Equipments like cranes (used in the construction of bridges, flyovers etc ... ) is 30% as per the companies act. If i buy a crane for Rs. 10 Lakh and claim depreciation the cost of the crane in the 2nd year is 7 Lakh and in the 3rd year it is 4.9 Lakh and in the 4th year it is 3.4 Lakh ...... Can i re-value the crane in the 5th year to the 2nd hand market price of Rs. 20 Lakh and claim depreciation on it @ 30% ? (Cost of crane in 6th Year now is 20 Lakh - 6 Lakh = 14 Lakh )

0 Answers  

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Can I know the full description about capital and revenue in nature? and also the expenses that allowed for tax and not allowed for tax?

0 Answers  

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WHAT IS THE TDS RATE ON FREIGHT

7 Answers   ABC, Chartered Accountant, Ramky, Spk Software, VS,

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can anybody provide list of balance Sheet & P & L Account?

5 Answers   Impulse,

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If I want loan upto Rs.500000/- from bank. so how much capital show in my balancesheet. please help me.

1 Answers  

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What are the accounting entries to be passed for TDS if person who is assessed is a Firm (or) Proprietorship (or) Company (or) person? Eg: I (CDE & Co) paid Rs. 1,00,000/- through ICICI Bank after deducting 10% of the amount (Rs. 10,000/-) as TDS (Tax Deducted as Source) to “ABC & Co” (i would like to know the entry to be posted in "CDE & Co" and "ABC & Co")

1 Answers  

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What is cst if there is C from customer, Sale is from AP TO MP, Product is cooling machine.

6 Answers  

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What is the depriciation charged on animals such as elephants,dogs etc?

1 Answers   KPMG,

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What is the SEZ formalties in cement Industry?

0 Answers   UltraTech,

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What is MAT? and whom its applicable and what its rate?

7 Answers   Bank Of America,

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what is the process of filing the return (both)

2 Answers  

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