Suveer Sachdeva's Profile
Financial Analyst
665
points

Questions
7

Answers
41

  • Financial Analyst Asked on January 20, 2015 in Banking Services.

    RTGS = Real Time Gross Settlement
    NEFT = National Electronic Fund Transfer

    This answer accepted by Megrisoft. on January 20, 2015 Earned 15 points.

    • 1643 views
    • 3 answers
    • 1 votes
  • Financial Analyst Asked on January 20, 2015 in Investing.

    Jumbo Share Certificate is one which includes all shares with different distinctive numbers .

    This certificate’s format is the same as the original certificate. The only difference is you enter the multiple no. of shares with distinctive no.(s) in the new share certificate.

    This answer accepted by Megrisoft. on January 20, 2015 Earned 15 points.

    • 706 views
    • 2 answers
    • 1 votes
  • Financial Analyst Asked on January 20, 2015 in Financial Planning.

    There are 2 methods for computing Net Worth:-

    • Total Assets – Total Outside Liabilities
    • Share Capital + Reserves & Surplus
    • 614 views
    • 2 answers
    • 1 votes
  • Financial Analyst Asked on January 19, 2015 in Financial Planning.

    Capital Expenditure and Revenue Expenditure.

    • 554 views
    • 1 answers
    • 0 votes
  • Financial Analyst Asked on January 19, 2015 in Taxes.

    Employer will deduct TDS only on the Source of Income HE is generating for the employee. If the employee has other sources of income, the employer will not deduct TDS on such other Incomes, because the employer if not making payments for such other sources of income of the employee.

    For Eg., A has employed B on salary and B receives Interest on FD’s. So, A (employer) will only deduct TDS on the payments of salary which he makes to the B (employee). However, the bank will deduct TDS on the payment of interest which the bank makes to the B.

    • 532 views
    • 1 answers
    • 0 votes
  • Financial Analyst Asked on January 13, 2015 in Taxes.

    First Clarify have taken property on rent or have you let out properties?

    • 444 views
    • 1 answers
    • 0 votes
  • Financial Analyst Asked on January 13, 2015 in Financial Services.

    Firstly, any person/assessee has to pay advance tax only if his estimated tax liability crosses a limit of Rs. 10,000.
    Non-Corporate Assessees, such as Individuals, HUFs, Partnership Firms, AOPs, ets. have to pay such tax in 3 installments (i.e., by 15th September, 15th December and 15th March).
    Corporate Assessees have to pay such tax in 4 installments (i.e. by 15th June, 15th September, 15th December and 15th March).
    The balance/shortfall in any installment can be deposited after 15th March but upto 31st March.

    • 445 views
    • 1 answers
    • 0 votes
  • Financial Analyst Asked on January 13, 2015 in Taxes.
    1. Carrying amount means the same for both of them.
    2. Carrying amount is the amount at which the items are appearing in the books of accounts.

    For more detailed reference, Click Here.

    • 539 views
    • 1 answers
    • 0 votes
  • Financial Analyst Asked on January 13, 2015 in Taxes.

    Employer’s Contribution in PF is same as the Employee’s Contribution which is 12%.
    Additional charges 1.61% are added to it and so, the effective rate for computation of Employer’s Contribution is 13.61%.

    • 501 views
    • 1 answers
    • 0 votes
  • Financial Analyst Asked on January 13, 2015 in Accounting.

    It has many interpretations and depends in what context you are asking.
    In general, Net = Gross – Deduction.
    For eg., Net Sales = Total Gross Sales – Sales Returns.
    Net Purchases = Gross Purchases – Purchase Returns
    Net Profit  = Gross Profit – Indirect Expenses

    • 644 views
    • 1 answers
    • 0 votes