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As per section 16(ii), Government employees can claim a deduction for entertainment allowance by considering the lowest from the following: 20% of an individual’s basic salary Rs.5,000 Entertainment allowance amount received in the financial year This deduction is not available for individuals working in private firms or any statutory or local authorities.
What among the following is not the essential pre-requisites of a JIT System?
The cost of an asset on 01-01-2002 is 5,00,000 and its life is 10 years with salvage value is zero. If it is sold on 31-12-2008 for 50,000 than calculat...
Minimum Average Maturity Period for External Commercial Borrowings (barring certain exceptions) would be of:
Arrange the following ratios in the order in which they appear on a common-size income statement, from top to bottom:
(A) Gross profit margin
...The price of the contract is Rs 120. The initial margin is 40 % and maintenance margin is 25%. At what price the margin call will be initiated if perso...
A company had EBIT of Rs.3,70,000. The interest expense was Rs.45,000. The tax rate is 30%. The company paid Rs.31,000 dividend. What is the retention ...
Byron Ltd reported 32000 in earnings during the current financial year. The total shares outstanding are 40000 at a market price of 18 per share. What ...
Identify the incorrect statement about NBFC (Nonbanking finance company)
What is the main goal of Organizational Behavior (OB)?
ESOPs are:
