Ask A CCIite-PCC and IPCC

 After enjoying mild success in the Group Study, We are making another attempt to take this to a higher level and make it more interactive.







Introducing Ask a CCIite..

Just imagine studying a subject that you are pretty unsure of and suddenly your friend calls you up asking a tricky question to which you have no reply...what do u do now?Simple...take a deep breath..drink water and have some snacks..but only after posting your doubt here...we’ll solve it for you and make sure you have the concept well in your mind then...

So friends post your doubts here and we’ll make sure that it gets solved as soon as possible...The advantage is that your doubt is solved immediately as some or the other CCIite will catch it...If it stays pending for quite some time we shall post this query to different experts who will surely help us out..also people following this topic will get good tricky questions. As students we shall have doubts that commonly arise so those could get solved too...

 

We look forward to your support...
 
 
 For eg.
Doubt
Section 80-IA(4)(i) provides for a deduction to an undertaking engaged in 
developing, or operating and maintaining, or developing, operating and maintaining any 
infrastructure facility subject to satisfaction of the conditions laid down in the Section
 

 
 
 
 
So does widening of existing roads constitute as creation of new infrastructure facility?

Reply
Widening of an existing road by constructing additional lanes as a part of a highway project by an undertaking would be regarded as a new infrastructure facility for the purpose of Section 80-IA(4)(i). However, simply relaying of an existing road would not be classifiable as a new infrastructure facility for this purpose 
P.S. You can also contact us for personal doubts ;)
Replies (91)

Good idea.................

lets see how it works out!!

hopefully well....................

Good ...

 

Originally posted by : lovely

Good idea.................

I wish and Support for the success of this :)

nice initiative...!!

@ dhaval.....good idea yar......ek kaam kr ek query daal k usko explain krde jisse ek example set ho jaega sbke lie k hw wil it works......wat u say ?

Done...!!!!

GREAT WORK BRO, WOW...EVEN I LL ASK DOUBTS HERE....:)

Good Initiative..... I hope it will work.....

BUDGET                                                                                            ACTUAL

fixed overhead for june  Rs. 10000                                            Rs. 12000

production in june(units) 2000                                                    2100

std time per unit (hours)  10      

actual hours worked                                                                         22000

Compute 

1) fixed overhead cost variance

2) expenditure variance

3) volume variance

 

pls help me.. 

 

Chapter Name : COST SHEET
A factory has recieved an order for three different types of casting weighing respectively 18, 45 & 27 tons 10% of raw material used were wasted in manufacturing and are sold as scrap for 20% of the cost price of raw material
the cost of raw material is rs. 250 per ton the wages for 3 types of casting are respectively 4000, 10500 & 5500the cost of the moulds for the three diff types of casting are respectively 400, 500 & 300
if the factory OH charges are 40% of the wages in each case, find the cost of production per tonne of each type of casting

we shuld all do this

cheers

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