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in cash transaction, above Rs.20,000/- is invalid for
auditing but what if above Rs.20.000/- transaction is made
& how much tax will be paid if transaction is above
Rs.20,000/-
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Answer Posted / arisvijay
Tax exemption is valid to the extent of Rs20,000 only if its
is more than 20,000 tax has to be paid for whole amount.
| Is This Answer Correct ? | 2 Yes | 1 No |
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selling price = shs. 200, variable overhead-selling per unit= shs 80, variable production cost per unit = shs 60, fixed selling cost = 2,840,000. the production capacity of the project is 200,000 units. required P/V ratio, BEP and margin of safety
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