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

Weaning and definition, Weaning  and Definition A systematic  arrange...

Weaning  and Definition A systematic  arrangement of classified  data in labelled columns and  rows  is  known  a statistical table. Turtle has given  a comprehensive defin

Transportation and assignment problem, What are the computer applications o...

What are the computer applications of transportation and assignment problem

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

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

Mode of presentation - report writing presentation, Mode  of Presentation...

Mode  of Presentation A strategy  needs to be  chalked out for  a satisfactory  rendering of the  topic. The  man oeuvres are going  t vary  with a  change in the  manner  of

DECISION MODELS, CRITICAL EXAMINATION OF THE APPLICATION OF DECISION THEORY...

CRITICAL EXAMINATION OF THE APPLICATION OF DECISION THEORY TECHNIQUES OR MODEL IN BUSINESS DECISION MAKING IN NIGERIA

Demerits of range - measure of dispersion , Demerits  of Range a.It g...

Demerits  of Range a.It gives  importance  to the  two  extreme  values and is very much affected by the extreme items. b.The range  provides  no information  about the  st

Categories, what are the operation research?

what are the operation research?

Tied ranks equal or repeated rank, Tied Ranks Equal or Repeated Rank W...

Tied Ranks Equal or Repeated Rank When  two or more  items  have equal values  it is  difficult  to give ranks  to them. In  that case  the items are given  the average of the

Probability and non probability sampling , Probability and Non  Probability...

Probability and Non  Probability Sampling The following s are some  of the  considerations for the  selection  of probability  an non  probability  sampling. 1.Sometimes p

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