Answer / mona

from such salary the following deduction shall be made:-
> amount deductible sec.80C,80D,80DD nd 80DDB.
> deduction undersection 80G.in resp.of ded made to the
NDF,JLN memorial fund,etc.subject to condition laid down
under section 80G.
>ded. under sec-80G in respect of rent paid.
>ded. under sec-80RRA in respect of remuneration rcvd. in
forien currency.
>ded. under sec-80U on production of a certificate by the
employee from the assesing officer authorising such
deduction certificate need not be produced by individual
who hav already produced acerttificate under the old
provision applicable UPTO1991-92 assessment year.

what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?

0 Answers   HCL,

---

What are the expenses comes uner direct exp

5 Answers  

---

what is the difference between directors capital and current a/c

1 Answers  

---

Explain the Steps to transfer the data from AP to GL

0 Answers   Accenture,

---

What is vat adjustment?

0 Answers  

---

Case Study: Deepak Hand tools Private Limited DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?

0 Answers   IIRM,

---

difference between provisions and reserves

6 Answers   Capital IQ,

---

I am kind of confused between VAT and income tax! and am i supposed to use them both in the income statement?

1 Answers  

---

Explain me the difference between accounting and auditing?

0 Answers  

---

What is fractional code and how can i get a fractional code for a particular account?

0 Answers  

---

How do I charge bank charges on payments to clients

0 Answers   Cosmac,

---

what is break even analysis ?

2 Answers   TCS,

---