Accounting in simple term is the art(in hindi means kala)of identifying(identify whether the said thing is a transaction or an event,whether monetay or not),Recording(Journal),Classifying(same nature of item at a place in ledger),summaarizing(through B/s,P&l A/c),interpreating,and finally analysing the impact,so that the user of it may get the required information easily which may be a milestone for taking the decision for them.
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Other Taxation Interview Questions
Company Should deduct TDS or not if a company calls a Saint
(Sadhu/Mahatma) for a programme like Pravachan/ Katha/
Pooja ETC ??? If yes then Tax Rate ??? Pl reply in detail
with reason of deduction.
we have received " c" form against full rate of tax i.e
12.5% from the customers can we summiting in sales tax
department for taken a refond as consisnal rate i.e 2% sale
against "c" form , but party hasebeen mantion on the back
side of from all value inclusive of taxes i.e full rate of
tax can we utilised this form for consosnal rate ?