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

Question, A paper mill produces two grades of paper viz., X & Y. Because of...

A paper mill produces two grades of paper viz., X & Y. Because of raw material restrictions, it cannot produce more 400 tons of grade X paper & 300 tons of grade Y paper in a week.

Identifying the solution to a problem, Software House named as Harvester, g...

Software House named as Harvester, got to increase the speed of service and I need to get 3000 words written

Limitations of operational researchers, Among other limitations of O. R the...

Among other limitations of O. R the followings deserve mention: a. Basis: The operational researchers must be unbiased. An attempt to shoehorn result sin to a confirmation of ma

Table of contents - report writing presentation, Table of contents ...

Table of contents The tables of contents is an outline of the order of the chapters sections and sub section with their respective pages. If report includes a n

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

Models, Which model is described as a rule of thumb

Which model is described as a rule of thumb

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

Construction of a mathematical model, The 2 nd phase of operations Resear...

The 2 nd phase of operations Research is to construct a mathematical model representing the system under study. It requires the identification of both static and dynam

Model building, Model building is the essence of the operations research ap...

Model building is the essence of the operations research approach? Discuss. question #Minimum 100 words accepted#

Linear programming, How do I set this problem up for Excel: A National Cred...

How do I set this problem up for Excel: A National Credit Union has $250,000 available to invest in a 12 month commitment. The money can be placed in Treasury notes yielding an 8%

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