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

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 31^st March, 2005)

Machinery

Plant

10^th February, 2003

5^th April, 1999

12^th 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

Maths assignment , Maxz=3x1-2x2 St x1 -x2>_0, 3x1-x2 _0

Maxz=3x1-2x2 St x1 -x2>_0, 3x1-x2 _0

Reference books - classification of documents, Reference Books: Defini...

Reference Books: Definition According to William Katz (1969) a Reference book generally has the following qualities: It is a miscellany of information organised for quick

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

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

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

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

Features of Operations Research?, What are the features of Operations Resea...

What are the features of Operations Research?

Lpp, Determine feasible space for x1-x2= 8

Determine feasible space for x1-x2= 8

Modi Method, a manufacture wants to ship 8 loads of his product as shown be...

a manufacture wants to ship 8 loads of his product as shown below. The matrix gives the mileage from origin to the destination D.

B. A paper mill produces two grades of paper viz., b. A paper mill produces...

b. 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

What is the temperature of water leaving the chillier, A water chillier wit...

A water chillier with a capacity of 30 TR cools 20 m 3 /hr. water entering at 12 o C what is the temp. of water leaving the chillier. A reversible engine has an ideal thermal ef

Linear programmibg, A PAPER MILL PRODUCES TWO GRADES OF PAPER VIZ., X AND Y...

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

Write Your Message!

Name

Email id

Message

Verfication Code

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!

Submit Assignment

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