Taxation Interview Questions, Answers for Freshers and Experienced asked in various Company Job Interviews

Taxation Interview Questions

Questions Answers Views Company eMail

My Total CTC is 12500(not gross salary), i am living in Mysore(non-metropoliton city) what will be the take home salary after deduction? thanks in advance.

1559

Which form used for registration in GST?

1480

what was the VAT rate on inverters(home ups) in karnataka on 2016??

1603

we have paid excess tds amount in 194I 27000/- for f.y.2017-18 now can we adjust the same in upcoming month 2018-19?

1389

If we are placing the order in amazon on behalf of the customer who is ordered from other e-commerce sites and the goods is directly billed to the customer address from the amazon sellers and for the same we are receiving some profit at that in our books of account what entries need to be passed...?? do i eligible to get the ITC on the GST amount paid..??

1526

Define financial year?

1122

What items fall under the category of ‘securities’?

1052

What items come under deferred tax liability?

1119

Explain deferred tax asset?

1312

Differentiate between financial year, assessment year and previous year?

1253

Who are non resident?

1115

What is the difference between fund flow vs. Cash flow?

1090

Define deferred tax liability? What items come under deferred tax liability?

1172

What is the difference between the excise duty and the sales tax?

1136

Does the tax liability of an individual get affected due to his residential status? If yes, explain.

1054

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Un-Answered Questions { Taxation }

I AM A/C'S MANAGER IN CONSTRUCTION CO.WE TAKE TRANSIT MIXTURE ON RENT BASE FROM OUTSIDER.THE SUPPLIER CHARGE VAT ON THAT MACHINERY @ 15%,IS IT TRUE? IF YES PL.SAY ME WHICH SECTION APPLY UNDER THIS LAW OR NOTIFICATION OR CIRCULER FROM COMMERCIAL TAX DEPATMENT.

2644

hi,when i am posting an entry on service tax it is not showing the business area.please guide me how to configure the business area so that the entry also shows the business area.please help as i need to configure it.

2163

Is there any change in the section 80DD for the financial year 2009-10

2578

Can we take rebate on Exports done before 6 years ? If no, why ? What can be done ?

2076

If we got a printing jon we are adverstising firm for that we purchase paper from local dealer which contain vat 4% now when i bill to the person from whom i got a priniting job what should i consider this as service or sale and what tax i charge, i don't have vat no. but i have service tax no.?

1859

if i have a educational loan on my name, can i show for tax exemption on current year income tax? Is it applicable for tax exemption (educational loan)

2180

My client has not filled income tax return for ay-2013-14

1625

sir, please suggest me. If in case work contract, wct not deduct by principal contractor then what is the consequence ? I mean please clear me if the principal contractor not deduct wct then is the contractor (sub) liable to pay wct ?

1664

'A' is running a manufacturing set up. 'B' sends raw material (after paying CST) to 'A' for manufacutre of his specified product and 'A' keeps 'B's stock in his godown. Can 'A' buy this material from 'B' by raising a CREDIT MEMO and in the books regularises by passing Journal Entry Dr.Raw material inventory and Cr. 'B's Account.

2341

What is the different between Excise Invoice and Invoice

2103

what is limit of form "16" or "31",c-form & form "11" or 3b during the issued on one time.

3387

Type of form use in sales Tax

1933

my manufacture company established in Excise exempted Area. and we pay freight to transpoter.& also deduct service tax.what will be the entry of this transaction. can i adjust this service tax payable from input service tax of telephone bill.

1945

define double entry bookkeeping

2296

how to calculate tax for the income earners

2235

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