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Topic :: contract





contract Interview Questions
Questions Answers Views Company eMail

can we take 100% input of contractor service tax billing where service receiver have to pay 50% service tax

1718

wct amount deducted by main company .that amount will be returned Subcontractor?If yes,how process is given me.

SR Engineers,

1592

WCT not deducted from contract value but contractor paid full VAT is it right

Rajasthan Association,

1606

During the course of an audit, the IS auditor discovers that the human resources (HR) department uses a cloud-based application to manage employee records. The HR department engaged in a contract outside of the normal vendor management process and manages the application on its own. Which of the following choices is of MOST concern? A. Maximum acceptable downtime metrics have not been defined in the contract. B. The IT department does not manage the relationship with the cloud vendor. C. The help desk call center is in a different country, with different privacy requirements. D. Company-defined security policies are not applied to the cloud application.

1 7376

providing, fixing, removal of pockets of size 100*150*300mm to 500*600*1000mm for foundation. the shuttering material used for making &fixing of pockets shall be removed by the contractor without damaged to pockets. if any damage occurred, the same shall be rectified by the contractor is to handover the pockets to forge shop engineer with proper marking of centre lines, levels etc.

1 2444

Why your company do not pay the penalty, which was agreed in your contract?

DRC Systems,

1127

Is it normal in your company, that you do not pay penalty, if that is agreed in contract?

DRC Systems,

1110

What is the Hadoop MapReduce API contract for a key and value Class?

1291

if i have a comany take contract from gvt. & i take contract from that company, & in his bill he show about all tax deduction ike IT, WCT etc, but material is purchase by that company not by us so here i want to know how WCT applicable? on total amount of contract or according to rule like material service & after adding all things??

1770

At the time of advance tds deducted 2% contract which was wrong but when we adjusting the adavace tds deducting 10% rent how can we adjusting that amount

1456

If a main contractor fails to do the job and job is completed with the help of subcontractor of main contractor, what is the provision relating to payment to subcontractor in such cases under Income Tax Act. (w.r.t. TDS)

1550

Is Work Contract Tax expenses for a company?

1535

ACCOUNTING AND FINANCIAL ENGINEERING - EXAMPLE 34.2 : (a) In the pricing of a coupon bond, the formula is : P = c / (1 + r) + (c + B) / [ (1 + r) (1 + r) ] for 2 years to maturity, where c = annual coupon payment (in dollars, not a percent), B = par value, P = purchase price. Five years ago someone bought a 20 year coupon bond and would like to get rid of it now : A coupon rate of 7 %, it matures in exactly 2 years, par value is $1000, current interest rate is 5 %. (i) Find the value of c. (ii) Find the value of r or interest rate. (iii) Find the value of P. (iv) Guess the formula for P when the maturity period is 3 years, if such formula for 1 year duration is P = (c + B) / (1 + r). (b) In lemma of Ito on a Forward, recall that a forward contract is priced at : ln F = ln S + rT. Find the value of F in 5 decimal points when S = $100, r = interest rate = 0.05 / year, T = duration = 1 year.

1 2245

What are accounting entries for STO, Sub Contracting and Consignment? Which transaction keys are hit during these processess?

PWC,

1 6877

I have created value contract with order type WK1 in VA41. The target value is 500 USD and the net price is 1000 USD. There was no pop up message or error thrown while saving the contract when the net price exceeded the target value. And the system allowed to save the contract. Is there any configuration available to activate the warning or error message or any enhancement need to be done?

Accenture,

1995




Related Topics


Un-Answered Questions { contract }

Explain the contract review process followed in your project?

4624


What causes contractures?

2039


What is the difference between BPA AND Contract What are documents and test cases u followed

2378


Read the case given below and answer the questions given at the end. Krutika Designers Ltd is an Indian company engaged in designing shirts for an international shirt manufacturer. Its operations are currently restricted to designing shirts for the Indian market. The firm is interested in extending its operations to the European markets, but is restricted by its lack of knowledge about the latest fashions and trends prevailing there. Hence, the firm has decided to open an office in Finland for establishing a network in Europe that will give the firm access to the needed information. The firm feels that its does not have the capability of sustaining itself in the foreign markets in the long-term, and will be able to generate additional revenue from these activities only for the next 5 years. After that, the Finnish office will have to be closed down. The firm anticipates an initial investment of Rs.14 million. The project is expected to generate the following cash flows over the 5 years period. Year Cash flow (Finnish Marks) 1 2 3 4 5 10,00,000 20,00,000 50,00,000 50,00,000 30,00,000 These cash flows are expressed in terms of today’s money. The firm can claim depreciation in India according to the Straight Line Method. The salvage value from the project is expected to be nil. The Finnish Government does not provide any incentives for foreign investments. However, currently it is making an attempt to have better economic ties with India. Hence, it has decided to extend a loan of 50,000 marks to Krutika Designers. The loan will be at a concessional interest rate of 7%. The loan is to be repaid in 5 equal annual installments which will include the interest payments. The project will generate additional borrowing capacity of Rs.5 million for the firm. However, as the firm does not have any firm contract with the international shirt manufacturer, its domestic revenues are expected to be very volatile. Therefore, there is no surely that the firm will be able to absorb the tax benefits arising out of depreciation and additional borrowing capacity. The firm does not intend to indulge in any illegal money transfers. The current spot rate for the Finnish Mark is Rs.7.25/FM. The inflation rates in India and Finland for the next 5 years are expected to be 8% and 3% respectively. The exchange rate is expected to move in tandem with the inflation rates. Indian tax rate is 35% while Finnish tax rate is 40%. India and Finland have entered into a tax treaty whereby the earnings of the residents of one country are taxable in that country only. In India, the nominal risk-free interest rate is 11%. The same is 6% in Finland. The Indian nominal interest rate (including risk-premium) is 15%, while that in Finland is 9%. The nominal all-equity rate in India is 18%. 1. Comment on the financial viability of the project. 2. What are the different circumstances in which nominal all-equity discount rate and real all equity discount rate should be used for discounting the cash flows? Explain the rationale behind it. 3. Comment on the financial viability of the project if the firm is sure about being able to absorb the tax benefits arising out of depreciation and increased borrowing capacity. 4. Explain the concept of exchange risk and how it affects an international project. 5. How can the financial structure of a project be used to overcome repatriation restrictions? What are the additional benefits of such maneuvers?

2159


what is contract management

3038


1) How do we change language in SAP GUI ? 2) How do we change Language in Transactions? 3) what is ic webclient launcher? 4) what is followup document ? difference between contract & quotatiom ? 5) what is use of abap workbech (trx;- SE80) What do we do in this as functional consultatnt? use of Trx - SE80.

10616


Could anyone help me for the below scenario: i am using the descriptive programming for my account, in which we have to generate the contract in the MS-word. when i generate this doc, we need to click on enable macros to continue further. but i am unable to make qtp to click on this. if anybody faced the problem like this??? pls help to get it resolved? Thanks in advance

1884


i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............

2458


what is the main difference between the terms" contract of employment" and" contract os servive"

2078


Hi All, I am appearing for H1B interview for 2008-09 through a consultant, who has promised me a Contractor job if I get selected. However I do not wish to work with this group,I want to look for a job on the basis of H1B in hand and later transfer the visa to new employer, Is this possible? If yes how to go about it?

2369


2. You are required to prepare a Profit & Loss Account for the year ending 31st December, 2007 and the Balance Sheet on that date. The Trial Balance of XYZ Ltd. for the year ended 31st December 2007 is as follows:- Trial Balance of XYZ Ltd. as on 31st Dec. 2007 Debit Balances Rs. Credit Balances Rs. Materials used 3,50,000 Sales(including 2% Sales tax) 9,18,000 Cost of Labour 1,50,000 Sale of Scrap 100 Stock, finished and work in process on 31st December, 2006 50,000 Rent received 2,000 Wages : Factory Staff 15,000 Discounts 2,750 Directors Remuneration 50,000 Recovered against fire claim re : Stock 5,000 Salaries : Clerical Staff 75,000 Capital : Equity 25,000 Insurances : Workmen’s Compensation 1,500 Preference- 9% 8,000 General, fire etc. 2,000 Creditors 1,56,000 Directors’ Life Insurance 1,500 Provision for Taxation 1,05,000 Maintenance : Buildings 1,000 Profit & Loss Account 13,750 Plant and Machinery 12,500 Rent and Rates of premises and hire of plant 20,000 Heat, Light and Power 15,000 Experimental and Laboratory Expenses 10,000 Canteen Expenses 5,000 Staff Welfare expenses 2,500 Motor Expenses 12,500 Professional Charges 2,800 Postage and Telephone 3,500 Books, Printing and Stationery 11,000 Sundry expenses 10,000 Carriage and Packing on Sales 3,300 Discounts 5,000 Debtors 1,78,000 Freehold Property 50,000 Plant and Machinery 12,500 Fixtures and Fittings – Offices 3,500 Office machinery and Equipment 3,000 Motor Car and Van 6,500 Stock of materials on 31st Dec. 2007 1,20,000 Bank 38,000 Sales Tax Paid 15,000 12,35,600 12,35,600 Depreciation is to be provided at the following rates: Plant and Machinery 10% Fixture and Fittings 05% Office Machinery, etc. 10% Motor Vans and Cars 25% The stock of finished goods and work in progress as on 31st December, 2007 was Rs. 35,000. Provide for preference dividend and ordinary dividend at 10%. The total taxation liability is estimated at Rs.1,50,000 of which Rs. 75,000 relates to the current year. Debtors include Rs. 10,000 deposited as security against government contracts. The Works Manager is paid partly by salary and partly by a commission; he is entitled to a commission of 5% on the amount by which the surplus in the factory cost exceeds 20% of the sales for the period. Charge the commission if any in the Profit and Loss Account.

2243


"Every contract involves an agreement but every agreement does not necessarily result in a contract" Explain.

2098


"NO CONSIDERATION, NO CONTRACT" EXPLAIN WITH EXCEPTION.

4653


"WHERE THERE IS A RIGHT, THERE IS REMEDY" EXPLAIN THIS WITH REFERENCE TO BREACH OF CONTRACT.

2291


hi i am jyoti i have done sap training in sd and master degree in economics have 2 year exp as enduser in (gdms)and 1 year as sd consultant.as contract basis now what i can do for getting job in it industry

2133