C-form is a form issued by a customer to the supplier for a CST purchase @ 2%.when C-form is not produced then the supplier can charge same rate of tax as if in % within the state. C means consessional rate.
C-form is basically issued by the central govt to transfer
the goods from one state to another with concessional rate
i.e. 2% only. For example, A(in Delhi) purchase goods from
B(in Haryana), then A have an two options i.e. either
purchase @4% tax or purchase @2% tax. Normally to get the
tax advantage, A should purchase the goods against the C-
Calculate the profit/loss on sale of the following assets
as on 30th september 2000
cost of the asset on 01.05.95 50000/-
Salvage Value 5000/-
Method of depriciation & date WDV 15%
sales of asset on 30.09.2000 Rs 25000/-
In a private limited company,if owner/shareholder withdraws different amounts from company account, then where should be that amount be accounted for/in which head of account that amount should be placed????