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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (427)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1897)
 Accounting General interview questions  Accounting General Interview Questions (2807)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4359)
Question
I renders interior Services, consider one project cost 
Rs.500000/-

Scenario 1 - Material purchased on my Firm Name
Material - 300000 -     0 On party behalf
Labour   - 200000 -150000 My expenses for Labour Contracts
Profit            - 50000 My Profit

Scenario 2 - Material purchased by client
Labour   - 200000 -150000 My expenses for Labour Contracts
Profit            - 50000 My Profit

In both Profit is same Rs. 50000/-. which is beneficial for 
me in terms of turnover or tax matters.

and if I have to raise a bill to party as per both scenario, 
how it will affect bill and tax, where will I suffer loss?
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Scenerio 1 - Consider material purchased for Rs.3,00,000 as all
utilised and so profit is Rs. 50,000/- in both cases.
 
Is This Answer Correct ?    1 Yes 0 No
Rajubhalerao
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
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 ?   1
A SUPPLIER FROM GUJARAT IS ASKING 15% CST AGAINST SUPPLYING OF LIFT IN PUNE (MAHARASHTRA) IS IT APPLICABLE OR NOT?   2
What is the rate of CST without any form on Poplpropelene yarn to be sold out of Uttarakhand   2
while deducting tds on salary, the amount deducted in the previous month is payable on 7th of the succeeding month to whom?   2
WHETHER IN RETAIL INVOICE IS IT NECESSARY TO SHOW TAX PERCENTAGE OR NOT. Genpact 2
What is the depriciation charged on animals such as elephants,dogs etc? KPMG 1
How to entry pass tds of sundary debotors   2
Service tax on rent (immovable property)? Reliance 1
What is 43B in an Indian Taxation? GET-Engineering-Construction 2
who will able to deduct the tds   3
how to credit available on service tax explaine procedure? Visa-Steel 4
WHAT IS THE DIFFERENCE BETWEEN TAX & TAXES? Deloitte 3
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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