Interested to Buy Any Domain ? << Click Here >> for more details...
Calculate Maximum allowable remuneration to working
partners as for section 40b of the Income Tax Act
1. In case of professional firm''
2. Incase of Business Firm
- 6 Answers
- 34189 Views
- I also Faced
- E-Mail Answers
Answer Posted / pintu mishra
first 2 lacs it is 1.5 lac and then on balance will calculate 40%.
| Is This Answer Correct ? | 17 Yes | 21 No |
Post New Answer View All Answers
Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts
explain sales/purchase accounting?
Tell me the steps for Import and Export Thanks
Hello every one i'm going to interview for as an account profile company is construction works so plz guys help me about furthering interview question
How do you manage the sales account in tally
post pscwb question and answer for accounting paper I & II for govt.officers departmental examination.
What is Goods Lost by Fire/Accident/Theft ?
I want to know with example of vat & Salestax
Data flow of Accounts payable to General ledger?
Expand-------SCAN
what is account & what is finance
Explain valuation methods of Normal and Abnormal loss
EXPAND___________NPO
i am the student of icwai (intermidiate) What is the tds and how use the different state ..
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
