surya


{ City } hyderabad
< Country > india
* Profession * enployee
User No # 93007
Total Questions Posted # 2
Total Answers Posted # 7

Total Answers Posted for My Questions # 4
Total Views for My Questions # 16194

Users Marked my Answers as Correct # 41
Users Marked my Answers as Wrong # 7
Questions / { surya }
Questions Answers Category Views Company eMail

What is Rates and Taxes?

Emami,

1 Taxation 9500

What is deferred tax?

 3 Taxation 6694



Answers / { surya }

Question { 3241 }

Please explain about Bad debts (Old & New) and Bad doutful
debts?


Answer

Old Bad Debts Means Irrecoverable debts.
New Bad Debts Means It May or May not be recover In future.
&
Bad Doutful debts means its bad debts.

Is This Answer Correct ?    5 Yes 0 No

Question { Capital IQ, 8912 }

what is capital reserve?


Answer

Capital Reserve is a reserve we made from profits to spend
on capital expenditure or capital investment for long-term ie..
more than one year.

Is This Answer Correct ?    7 Yes 1 No


Question { 5412 }

what is amalgamation?


Answer

Amalgamation means If two company are in same line in business
If both company are in losses.The same two company come to
amalgamate to form a new company is called AMALGATION

Is This Answer Correct ?    6 Yes 0 No

Question { 6772 }

what is debit


Answer

DEBIT MEANS THE RECEIVING BENEFIT
CREDIT MEANS THE GIVING BENIFIT

Is This Answer Correct ?    2 Yes 1 No

Question { 5373 }

Is it necessary to file NIL TDS return?


Answer

No we need not to show any returns just we should show nil
in income tax return.

Is This Answer Correct ?    7 Yes 0 No

Question { 4561 }

when cash recd. for services rendered in the past:
1)owner equity increase
2)current assets increase
3)profit increase
4)none of the above


Answer

If cash is coming in to the business it may be a arrears
current asset will increase.

Is This Answer Correct ?    6 Yes 3 No

Question { Bajaj, 8832 }

Hi, Our Company Purchase Rs:15,00,000 worth of Truck from a
person, When at the time of Payment We deduct TDS or Not?
Note: There is No Agreement or Contract with them
I need the Help.

Regards
Sakthi


Answer

Yes you are purchased a truck of 1500000 rupees.its ok
U should not diduct the TDS because tds will deduct only on
expenditure not on purchase of fixed assets and not on
goods purchased.

Is This Answer Correct ?    8 Yes 2 No