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Categories >> Accounting >> Taxation
 
 


 

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Question
Can TDS be deducted without the minimum exemption. for rent
if annual rent is 1,50,000 then calculate TDS.
Rank Answer Posted By  
 Question Submitted By :: Biprover
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Answer
no we  can't since the Min 150,000
 
0
Vijay
 
 
Question
what is direct incom
Rank Answer Posted By  
 Question Submitted By :: Mayankjain_243
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Answer
as per income tax Salary is considered as direct income
 
0
Prasanna Kumara D S
 
 
Answer
the income which is derived from the business will be 
treated as direct income as according to income tax
slab (or) flat rates
 
0
Ravipolina
 
 
 
Answer
salery rent fixedcomission are direct income
 
0
Saikrishna
 
 
Question
Is VAT & CST should be charged on Freight charges or not.
Rank Answer Posted By  
 Question Submitted By :: Venky_1986
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Answer
vat is a value added tax which is leived in case of 
manufacturing & cst is leivied when inter or intra state 
transaction is made on freight charge vat &cst is not 
caluculated  but freight was related to service so service 
tax is caluculated on it
 
0
Ravipolina
 
 
Question
what is the rates of depriciations for the year 2008-09 and 
how it is calculat?explain the methods of depriciations 
counting in asstes?
Rank Answer Posted By  
 Question Submitted By :: Mukes Rathod
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Answer
15% on fixed Assets  on WDV Method & 60% on electronic goods
on stright line Method
 
0
Prasanna Kumara D S
 
 
Question
What can be done incase of excess payment of TDS Remittence 
than the actual amount? Is there any adjustment towards the 
excess amount with the upcoming TDS payment?
Rank Answer Posted By  
 Question Submitted By :: Savi3_nataraj
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Answer
The excess TDS paid can be adjusted with the upcoming TDS 
payments.
 
0
Gayatri
 
 
Answer
it can be adjusted in upcoming tds payment and it should be 
adjusted in same fanancial year. we cant adjust in next 
financial year for previous year's excess tds payment
 
0
V.mohan
 
 
Question
what is perquisite? what do you mean by gratuity?
Rank Answer Posted By  
 Question Submitted By :: Vijay
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Answer
it is one kind of incentives provided by the emploer to his
emploee for service rendered by him
 
0
Prasanna Kumara D S
 
 
Question
please Clarify between TR-6 and gar-7 challan.
Rank Answer Posted By  
 Question Submitted By :: Motilal
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Answer
T.R-6 CHALLAN IS USED FOR FILLING THE SERVICE TAX RETURNS
G.A.R-7
 
0
Ravindra
 
 
Answer
TR-6 challan is used for payment of excise duty, and GAR-7 
challan is used for payment of service tax.
 
0
Rangarao Bandla
 
 
Answer
TR-6 IS USED FOR FILLING SERVICE TAX RETURNS & GAR-7 IS
USED FOR EXCISE PAYMENTS HOPE THAT THIS IS THE ACTUAL 
DIFFERENCE BETWEEN BOTH
 
0
Ravipolina
 
 
Question
Can we take back/rebate the excise duty which already paid 
on export sales? If yes, please guide me a procedure.
Rank Answer Posted By  
 Question Submitted By :: Mehboob
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Answer
I HOPE THAT FOR IMPORT AND EXPORT EXCISE DUTY IS NOT
APPLICABLE CUSTOUMS IS APPLICABLE  IF IT IS APPLICABLE 
IN ANY OTHER CIRCUMSTANCES YOU CAN GET CEN VAT CREDIT
LIKE THE TAX WHICH YOU HAVE PAID WILL BE DEDUCTED FROM THE 
TAX YOU NEED TO PAY IF ANY CORRECTIONS PLS HELP ME OUT
CONCLUSION  - IMPORT& EXPORT EXCEMTED FOR EXCISE DUTY
 
0
Ravindra
 
 
Question
complete information about these taxes-income tax,ser vice
tax,sales tax,vat,excise with complete detail-mening,all
form ,date of filling,procedure,heads,rates for 2008-09 year?
Rank Answer Posted By  
 Question Submitted By :: Vikas.hooda
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Answer
INCOME TAX  - IS the tax which is paid directly to the
centralgovt by the assesse on the income earned

SERVICE TAX - IS the  tax  which is paid for rendering of 
services in this case the seller of the service collects
the service tax towhomhe is rendering the service & 
indirectly pays to the  centralgovt

sales tax - is the tax which is leivied at the point of
sale this tax will be leivied on sales
RATE - 12.36%,  12% IS SERVICETAX, .36% IS E.D CESS
vat - value added tax ,vat is a formof salestax which is 
collected in different stages of transactions like buying
selling & distribution of goods & services  the input  tax
is rebated against the out put tax is called  as vat

FORMULAE  - OUTPUT  - INPUT
RATES     -  1%,4%,12.5%

EXCISE -  Excise duty  willbe paid when the goods are 
removing out side the gate they need to pay the duty known 
as excise duty it could be also called as cenvat
FORMULAE  - SAME AS VAT
RATE      -  14%
 
0
Ravindra
 
 
 
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