Answer / r.chandrasekaran

Two types of deductions are available u/s.24.

1. Standard deduction: 30% of net annual value is deductible irrespective of any expenditure incurred by the tax payer.

2. Interest on borrowed capital: Interest on borrowed capital is allowable as deduction, if the capital is borrowed for the purpose of purchase, construction, repair, renewal or reconstruction of the house property.

what is defference between direct and indirect ezpences

2 Answers  

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You own 50 shares of reliance indu. On 30th Jan 2013 Reliance indu.delcared a dividend fo rs 4 per share. The proceeds were credited to your bank account on 25th March 2013. Payment fo dividend was subject to a withholding tax 2%. Please pass the necessary journal entries in your books of accounts for the period Jan and March 2013.

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Increase in one equity with no change in the asset will result in .................... of another equity

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Why Accountants have to or must prepare INCOME STATMENT in two stages Gross Profit And Net Profit

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golden ruls of accounting

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what is indian currary (but not rupee) like bound etc...

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what is cost center option in tally what purpose it is used?

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when company pass ordinary resolution

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WHAT IS CORE ACCOUNTING, GROUP CONSOLIDATION ? CONSOLIDATED ENTRY. COULD YOU GIVE ME AN EXAMPLE

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Calculate the total Depreciation for four or five Years so give example?

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Explain fictitious assets?

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bank releted question interviw plz tel me

0 Answers   Shriram,

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