1. "Profit margin and turn over ratios vary from one industry to another" what industry characteristic account for these variations? Give some contrasting examples to illustrate the answer.

2. Paymenton on a long term note payable affects working capital, whereas payment on a short term note payable does not why?

Dar Sir,
Thank u very much for your reply; but institute FAQ-Students informs the following: how to intrepet the same. Please explain.

.37 Whether a candidate who fails in one or more papers comprised in a group but secures a minimum of 60% marks in any paper or papers of that group will get any exemption under the new scheme?

Ans. Yes, a candidate who fails in one or more papers in a group but secures a minimum of 60% marks in any paper or papers of that group will be eligible to appear in any one or more of the immediately next three following examinations in the paper or papers in which he had secured less than 60% marks and will be required to secure at one attempt a minimum of 40% marks in each such paper or papers and a minimum of 50% of the total marks of all the papers of that group including the paper in which he had secured a minimum of 60% marks in the earlier examination, in order to be declared to have passed in that group. Such a benefit would be available only if he was present in all the papers of that group and has already exhausted earlier exemption if any, granted to him in that group.

If 60 marks scored in a subject it will be exempted or not. In May 07 exam; IT&CST got 64 it is shown is exempted this time in Nov 2007 got 60% in Costing & FM; but not showing exempted or not. Kindly post your views for the same

We are mfrs of bulk drugs and doing job work to others.Receiving the raw material from the party and converting into intermediates/semi-finished goods.

During the period 2004-05 the sales tax assessing officer passed order considering the job work/processing charges from P&L as unclassified goods @ 12%. is it correct and can i get revised order and tell me procudure.

What is the basic requirement for individuals to deduct TDS.

DEAR ALL,

Mr.A purchase goods from Mr.B.Mr.B makes transport payment to transporter.WHAT ABOUT TDS LIABILITY on Mr.A who reimburses the amount to Mr.B. Mr.A will claim this frieght as an expenditure in his P&L A/c.(will Frieght be disallowed on a/c of non deduction of TDS) Will it make any difference if the frieght amount is inclusive in the bill.

DEAR ALL,

Mr.A purchase goods from Mr.B.Mr.B makes transport payment to transporter.WHAT ABOUT TDS LIABILITY on Mr.A who reimburses the amount to Mr.B. Mr.A will claim this frieght as an expenditure in his P&L A/c.(will Frieght be disallowed on a/c of non deduction of TDS) Will it make any difference if the frieght amount is inclusive in the bill.

Hello to all

My marks in income tax and CST are much lower in November 2007 exam than I expected. Please help me what should I do? Should I apply for verification?

I have already passed 1st group in may 07. I expected a pass this year but didn't get. My marks in costing are 42. I seem to unable
to complete this paper in 3 hrs. I am depressed coz it was my third attempt and I have turned 25. please help me what should I do ? Should I drop ca course?

If 60 marks scored in a subject it will be exempted or not. In May 07 exam; IT&CST got 64 it is shown is exempted this time in Nov 2007 got 60% in Costing & FM; but not showing exempted or not. Kindly post your views for the same

DEAR ALL,

Mr.A purchase goods from Mr.B.Mr.B makes transport payment to transporter.WHAT ABOUT TDS LIABILITY on Mr.A who reimburses the amount to Mr.B. Mr.A will claim this frieght as an expenditure in his P&L A/c.(will Frieght be disallowed on a/c of non deduction of TDS) Will it make any difference if the frieght amount is inclusive in the bill.

DEAR ALL,

Mr.A purchase goods from Mr.B.Mr.B makes transport payment to transporter.WHAT ABOUT TDS LIABILITY on Mr.A who reimburses the amount to Mr.B.Mr.A will claim this exp in his P&l A/C (will this frieght be disallowed on a/c of non deduction of TDS) Will it make any difference if the frieght amount is inclusive in the bill.