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Categories  >>  Accounting  >>  Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Taxation interview questions  Taxation Interview Questions
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Question
why is service tax recievable shown as dr balance under 
liability in b/s
 Question Submitted By :: Ss
I also faced this Question!!     Rank Answer Posted By  
 
  Re: why is service tax recievable shown as dr balance under liability in b/s
Answer
# 1
Tds amt must be added to the amt received after TDS so that 
Total income will appear in profit and loss account.The amt 
is shown in the asset side of teh balance sheet. It has to 
be finally adjusted with the actual income tax liability 
once the assessment is complete. 

Plz correct me if am wrong. And also please explain.....
 
Is This Answer Correct ?    1 Yes 2 No
Priyank Kaushik
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
is provision for bad and doubtful debts an operating cost?  1
Can I deduct TDS on Advance payment towards advertisment expenses.  3
what is rate of vat on gold ? and what is the rate of tax applicalbe on sale of gold in case of interstate sale ?  2
What is TCS? Are the rates of TDS and TCS same??  9
Wat is 80cc? and examples Satyam2
WHAT IS THE AMOUNT LIABLE TO THE DEDUCTION OF ESIC?  2
what is the rate of tds on interest payment and basic exemption limit for general insurance co.  1
what is E.S.I, P.F rates and working notes  1
If some service provider gives a bill having service tax. say cost of service is Rs 100, He is adding 12.36% sevice tax. Total comes 112.36. we have to deduct TDS @ 11.33%. On what amount we should deduct TDS? (on 100 or 112.36 ) Gammon14
what is Direct and Indirect Tax? can any body tell me with example.  4
Which form we use for depositing Service Tax ABC4
What is Vendor Reconciliation and how is it done ?  1
Pass a entry for the Contract receipts of Rs. 20000 after deduction of mobilization adv 30%, TDS 2.244%,Works Contract TDS 2% and retention money @ 10%  5
What is VAt return form ?  1
what is cenvat credit expain it Hindustan-Unilever-Limited3
why direct tax to choose as a field for the career? BMR-Advisors3
Which form we use for depositing TDS?  2
As an accountant what we have to do if purchaser is not paying us form C however we have charged tax at lower rate against form C?  2
what is sevice tax present rate Capital-IQ13
i ask to i am deposit tds for cash yes / no please tell me  3
 
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