Describe the service tax law in usa and concept of negative, Operation Research

Assignment Help:

Question 1

X Ltd. has Unit C which is not functioning satisfactorily. The following are the details of its fixed assets:

Asset

Date of acquisition

Book value (' lakh)

Land

Goodwill (raised in books on 31st March, 2005)

Machinery

Plant

10th February, 2003

 

5th April, 1999

12th April, 2004

30

10

40

20


The written down value (WDV) is ` 25 lakh for the machinery, and
15 lakh for the plant. The liabilities on this Unit on 31st March, 2011 are 35 lakh.
The following are two options as on 31st March, 2011:
Option 1: Slump sale to Y Ltd for a consideration of 85 lakh.
Option 2: Individual sale of assets as follows: Land ` 48 lakh, goodwill ` 20 lakh, machinery 32 lakh, Plant 17 lakh.
The other units derive taxable income and there is no carry forward of loss or depreciation for the company as a whole. Unit C was started on 1st January, 2005. Which option would you choose, and why?

Question 2

Describe the Service Tax Law in USA and concept of negative list. Write about the exemptions and rebates in Service Tax Law.

 


Related Discussions:- Describe the service tax law in usa and concept of negative

Linear programmimg, #questionA paper mill produces two grades of paper viz....

#questionA paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grad

Preparation of script - report writing presentation , Preparation of Script...

Preparation of Script   The most  tedious  and arduous takes is  the  preparation of the  script. While  you have  all the ideas and  points  will should  stored  up in the  mi

TRANSPORATION PROBLEM, sOLVE THE FOLLOWING D1 D2 D3 SUPPLY s1 2...

sOLVE THE FOLLOWING D1 D2 D3 SUPPLY s1 2 2 3 10 s2 4 1 2 15 s3 1 3 1 40 Demand 20 15 30

Assignment 2012, Problem 1 (Problem 23, page 507) At a machine tool plant, ...

Problem 1 (Problem 23, page 507) At a machine tool plant, five jobs must be completed each day. The time it takes to do each job depends on the machine used to do the job. If a mac

Linear programming, 3. A paper mill produces two grades of paper viz., X an...

3. A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y pape

Linear regression, regression line drawn as y=c + 1075x, when x was 2, and ...

regression line drawn as y=c + 1075x, when x was 2, and y was 239, given that y intercept was 11. calculate the residual

Organization of the study, In this project the main focus is conducted inte...

In this project the main focus is conducted interview to educational experts. This interview is base on Delphi technique. This technique is used to attain experts' consensus on ele

Post-optimal analysis, It can be seen from the optimal solution for the fou...

It can be seen from the optimal solution for the foundry problem that two resources, raw material-1 and labor, are exhausted whereas the other two resources, raw materi

Numerical, A paper mill produces two grades of paper viz., X and Y. Because...

A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i

How to solve operation research optimization questions, how to solve operat...

how to solve operation research optimization questions

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd