![]() ![]() ![]() Save taxes with ClearTax by investing in tax saving mutual funds (ELSS) online. ClearTaxĬan also help you in getting your business registered for Goods & Services Tax Law. ![]() Our Goods & Services TaxĬourse includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Our GST Software helpsĬAs, tax experts & business to manage returns & invoices in an easy manner. Further you can also file TDS returns, generateįorm-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income TaxĬAs, experts and businesses can get GST ready with ClearTax GST software & certification course. You can efile income tax return on your income from salary, house property,Ĭapital gains, business & profession and income from other sources. Just upload your form 16, claim your deductions and ![]() ClearTax serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses acrossĮfiling Income Tax Returns(ITR) is made easy with ClearTax platform. Discretionary fixed costs tend to arise from annual management decisions to spend on certain fixed cost items.Įxamples of discretionary costs include spending on advertising, insurance premiums, machine maintenance, and research & development the discretionary fixed costs can be excessive.ĬlearTax offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants Investments in infrastructure, supplies, and the general organisation that can not be substantially decreased in a limited time span are referred to as fixed committed costs. By definition, in the long run, there are no fixed costs, because the long run is a sufficient period for all fixed short-run inputs to become variable. They are also fixed in relation to the quantity of production for the relevant period, by contractual obligation.įor example, a business may have unforeseen and unpredictable outlays that are unrelated to output, such as warehouse costs and the like being fixed only during the lease period. Nature of the Costįixed costs are not permanently fixed, but they will change over time. Most of the senior marketing executives found that the concept of "variable and fixed costs" is very useful. This distinction is essential in forecasting the earnings generated by different changes in unit sales, and thus, the financial impact of the marketing campaigns being proposed. A manufacturer, for example, needs to pay rent and utility bills regardless of the revenue.įor marketing, one needs to learn how costs vary between variable and fixed costs. Understanding Fixed Costsįixed costs in management accounting are defined as expenses that, within the relevant period, do not change as a function of business activity. These expenses are in contrast to variable costs, which at the beginning of the accounting year are volume-related (and payable by the quantity produced) and unknown.įor example, consider a bakery, where monthly rent for baking facilities, monthly security system, and basic telephone line payments are fixed costs, as they don't change depending on how much bread the bakery produces and sells. The fixed costs are business expenses which are not contingent on the amount of the business generated goods or services. ![]()
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