665
points
Questions
7
Answers
41
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RTGS = Real Time Gross Settlement
NEFT = National Electronic Fund TransferThis answer accepted by Megrisoft. on January 20, 2015 Earned 15 points.
- 2075 views
- 3 answers
- 1 votes
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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.
- 917 views
- 2 answers
- 1 votes
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There are 2 methods for computing Net Worth:-
- Total Assets – Total Outside Liabilities
- Share Capital + Reserves & Surplus
- 873 views
- 2 answers
- 1 votes
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Capital Expenditure and Revenue Expenditure.
- 761 views
- 1 answers
- 0 votes
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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.
- 667 views
- 1 answers
- 0 votes
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First Clarify have taken property on rent or have you let out properties?
- 603 views
- 1 answers
- 0 votes
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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.- 607 views
- 1 answers
- 0 votes
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- Carrying amount means the same for both of them.
- Carrying amount is the amount at which the items are appearing in the books of accounts.
For more detailed reference, Click Here.
- 944 views
- 1 answers
- 0 votes
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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%.- 679 views
- 1 answers
- 0 votes
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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- 881 views
- 1 answers
- 0 votes