input vat and out put vat how it shows in profit and loss
account
- 2 Answers
- 8047 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
input vat and output vat never show in profit & loss account
it show in BS if amount is refundable or payable
| Is This Answer Correct ? | 18 Yes | 0 No |
Answer / mohd rayees
The input vat and out put vat it not profit & loss
transaction it balance sheet transaction so it showing in
balance sheet. In balance sheet Dut tax(Tax Payabel)
showing in Laibility side incase of tax refund it showing
in asset side. Not showing in profit and loss A/C.
Answer Wright By Mr. Mohd Rayees(09908841874)
| Is This Answer Correct ? | 7 Yes | 1 No |
I have two sons & 10lacs money which is from my arrear how I can save more tax ?.......Can I give them gift 5lakh each which neither taxable for my son nor for me...........?
Please expain TDS like return time or % of rate and how to calculte. All Details regarding to TDS.
what is sevice tax present rate
23 Answers AP Forest Academy, Capital IQ, Manufacturing, Weather Star,
what is the different between CST , VAT, and Excise Duty ?
What are the items are the purpose of calculating taxable? - Excise duty - Fine & penalty - Loss on sale fixed assets - Depreciation on fixed assets
what is present rate for excise duty & service tax for f.y 2009/10?
Wether TDS is deducted if its jobwork and VAT is charged on that
The party has raised service bill for Rs. 120000. The TDS deductor company made TDS on Rs. 100000 i.e., Rs.20000 is deducted on the gross bill of Rs 120000. My question is whether to deduct TDS on Rs.120000 or on Rs. 100000?
what is procedure to get c form? what is procees to get vat /tin no
What dou mean by work contract?with example?
Certificates for other than salary TDS form.
Dear friends, How can we get refund of WCT?
Audit 
