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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1913)
 Accounting General interview questions  Accounting General Interview Questions (2841)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4373)
Question
we can cash slase above 20000? and if party pay the above 
20000 we can give the recipt.
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Above Rs.20000 any transaction you have to motivate to
bank. You Should be give to Cash transaction receipt below
Rs.20000. you have give to some discount to the party.
above Rs.20000 cash Transaction will not accept to the
income Tax. You wil meet to Future inconveniant.
 
Is This Answer Correct ?    6 Yes 0 No
Mari Muthu
 
Answer
# 2
Above Rs.20000 any transaction you have to motivate to
bank. You Should be give to Cash transaction receipt below
Rs.20000. you have give to some discount to the party.
above Rs.20000 cash Transaction will not accept to the
income Tax. You wil meet to Future inconveniant. but you have received 2 installment give cash receipt
 
Is This Answer Correct ?    0 Yes 0 No
Vikas Sharma
 
 
 

 
 
 
Other Taxation Interview Questions
 
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What is the meaning of "ROC"? pls give detail information regarding ROC procedure.   13
what is turnover? how can i comput it   3
TDS IS TO BE DEDUCTED ON WHICH AMOUNT - THE INVOICE AMOUNT OR THE INVOICE AMOUNT PLUS TAXES (SALES/SERVICE TAX)? Progressive 3
tds can be applicable on haltage(late time unloading )   2
What is the diff between Comercial tax and sales tax? Idea 2
Can be deduct Tds on Staff welfare expenses?   4
what is bank reconcillation statment,balance sheet,thumb rules of accounts,depreciation?   1
please tell me procedure how to calculate vat if we got vat credit?   2
What is the present Central sales tax rate in India? Also let me know the maxium and minium sales tax rate in India. Unique-Software-Systems 32
Can we take input tax credit on purchasing of table and trolley for business..... ABC 1
can some one pls explain briefly about 'Differed Tax'?   2
Is it necessary to file NIL TDS return?   3
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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