Dear sir please give me solution for my Que:
A firm has sales of `75,00,000 variable cost of `42,00,000 and fixed cost of
`6,00,000.It has a debt of `45,00,000 at 9% interest and equity of `55,00,000. At what level
of sales, the EBIT of the firm will be equal to zero?
And at what level of Sales, the EBT of the firm will be equal to zero?
Please Give detail calculation!

HELP PLZ....

ONE OF MY CLIENT IS WORKING IN A COMPANY, WHICH PROVIDES MOTOR CAR FACILITY TO EMPLOYEE , THE CAR IS HIRED BY THE EMPLOYER AND THE HIRING CHARGES ARE PAID DIRECTLY BY THE EMPLOYER.

AND IN CASE OF PETROL EXPENSE AND DRIVER SALARY, THE EMPLOYEE PAYS THE SAME AND THE EMPLOYER REIMBURSES IT.

WOULD THE ABOVE, MOTOR CAR FACILITY, DRIVERS SALARY & PETROL EXPENSES WILL BE TAXABLE AS PERQUISITES.??

THANKS IN ADVANCE

What is a "Capital Asset" and "Transfer" for the purpose of chargeability as capital gains under the Income Tax Act, 1961?

Dear Sir/Ma'am,

Can any one help me in interpreting the following extract from the definition of "Auxiliary Educational Services"? Given in notification no.25 of 2012 under service tax.

"any other services which educational
institutions ordinarily carry out themselves but may obtain as outsourced services from any other person, including services relating to admission to such institution, conduct of examination, catering for the students under any mid-day meals scheme sponsored by Government, or
transportation of students, faculty or staff of such institution;

Also what types of services are covered under above extract.

While registering a share transfer can the company use a rubber stamp for affixing it at the back of the share certificate (in place of the name of transferee) if the transferee is a company.

Please advice

We have received bill from our C & F Agent as Follows in 4 parts

Part 1:
Shipping Company Charges(Reimbursement)
CFS Yard Charges(Reimbursement)
Stamp Duty(Reimbursement)
Empty Container Insurance Charges(Reimbursement)
Custom Duty(Reimbursement)
Empty Container Unloading Charges-Empty yard(Reimbursement)

Below this is written:
*This is Debit Note* * No TDS should be deducted*
------------End of 1st Part--------------

Part 2:
Agency
Add: Service Tax

-------------End of 2nd Part-------------

Part 3:
Sundry Charges

-------------End of 3rd Part-------------

Part 4:
Transport

-------------End of 4th Part-------------

My question is how is accounting done for this?
Also, on What amount TDS must be deducted?

Hi,

I have a client who pays in USD and also currency set in accounting software in USD with conversion rate in local currency. Client has made all the payment until date (No O/S balance), however, in local currency (conversion rate) there is still a difference showing as payable. What could be the cause. Please help me come out of this situation.

I got my Form16 yesterday, but i am NOT able to find TDS details on TIN NSDL (Form 26AS - TRACES) Website. Whether can i submit my IT Returns now? (or) i have to wait till it appears on Traces Website?

I am now currently doing my articleship & i have completed 11 months of my tenure. I want to take a transfer from my old firm & i dont comply with any of the transfer rules of articleship. Can i still take a transfer, even if my employer is not allowing me? If so should i have to take any permission from ICAI or my employer?? Please help me with the entire transfer procedure of articleship..

Dear Friends,

Requested to clarify about the Interest Liability on TDS from Salary under the following Condition:-

1. The employer is not regular in deducting TDS on Monthly Salary.
2. Deducted TDS at the year end from March 2013 Salary.
3. Filled nil return on Salary on Account of TDS during the 1st three quarters

Can deduction and deposition of TDS once at the end of the year attract any kind of interest?