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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (159)
 Taxation interview questions  Taxation Interview Questions (1915)
 Accounting General interview questions  Accounting General Interview Questions (2843)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4376)
Question
what is service tax rate of work contract in f.y.2012-2013
and what is compos ion scheme  and normal scheme
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
AS PER NOTIFICATION UNDER REVERSE MECHANISM THE RATE OF
WORK CONTRACT IN F.Y 2012-13 IF THE SERVICE PROVIDER ARE
Individual, HUF, Partnership Firm & AOP
THAN SERVICE RECEIPENT WILL HAVE TO PAY 50% AND SERVICE
PROVIDER WILL HAVE TO PAY 50%
FOR EXAMPLE,SUPPOSE THE BILL OF RS.5000/- THAN WE WILL HAVE
TO CALCULATE THE TAX IS AS FOLLOWS-50% OF 5000=2500,
12.36% OF 2500/=309
SERVICER RECEIVER WILL PAY RS.309
SERVICE PROVIDER WILL PAY RS.309
 
Is This Answer Correct ?    6 Yes 2 No
Binod Kumar Singh
 
Answer
# 2
12323032mp, 
Is This Answer Correct ?    1 Yes 1 No
4466
 
 
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
when i worked finalisation of a firm during 2006-07under kerala vat act in 23-9-06 there is a advancesales tax RS 2170 paid by firm and inthe same month vatpayable is rS.5201 the advance tax is deducted from vatpayable that is 5201-2170=3031 is the vat payable during the month. what are the entries passed in computerised accounting during finalisation in this case please explain   1
What is TDS? Post journal entry for that in books of company.   9
Whether Tax will be deducted by Deductee as a Society for Construction Contact Rs 3000000 to a Company   1
what is the income tax-meaning,rates for 2008-09,procedure,when income tax is filling,form of all income tax heads,complete information about income tax?   1
Can the seller pay sales Tax in Govt.Dept. against sale of material by retail invoice?   1
how to pass advance excise duty entry in tally erp9.2   1
For the assessment year 2011-12, ie., FY 2010-11, is there cess on TDS for Professional fees ?   3
Is the Cess to be charged on the TDS made on Proffessional Charges?   1
If any person or company received the service tax amount from client and he purchase a construction equipment / commercial vehicle , than can he adjusted service tax amount which payable by him agnst excise duty of construction equipment / commercial vehicle as per following condition:- 1. if company involve in only construction activity. 2. If company involve in construction and manufacturing activity both.   1
IF WE PAY AUDITOR FEE FOR INCORPORATION WORK THEN UNDER WHAT GROUP IT COMES IN TALLY. 2. any other audit fee we paid suppose at the time of financal report preparing then it will comes at the same group or any other   1
Is VAT & CST should be charged at a time on one purchased item? please give more clearity on this issue?   4
If X is an Professional Employee of ABC Ltd. and earning Rs.30000 pm (TDS u/s 194J is applicable) for Taxation purpose. Car loan has been taken on his income and Car has been registered on her wife's (spouse) name. EMI going through "X"'s (an employee)Bank account. Can he show the Interest on Car Loan in his IT returns???   2
 
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