Answer Posted / raosaheb gunjal
Indirect tax is opposite of direct tax. Indirect tax is not
related to indivisual besis, its recovered from indirectly
to consumer through the verious bulk quantity of goods or
services. In short Indirect tax means central excise tax
under the income tax act 1961.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Who will be called as consignee
What is pre-paid amount? What is post-paid amount? Explain received in advance? Explain paid in advance?
what is cc limit and what role accountant play to maintain it?
im preparing for the sbi clerical post please send me the solved questions.
ACCOUNTING STANDARDS ISSUED BY INSTITUE OF CHARTERED ACCOUNTANCY INDIA FOR PREPARING FUND FLOW STATEMENT
what are the suggestions to control NPA in rural areas?
Received credit note for Rs 3500 towards transport charges on the goods supplied from Vinod traders. The transport charges were already paid at the time of delivery. Pass entries at the time of payment of transport and for credit note
what is exercise duty how to calculate that and how to update in tally
Expand--------OTA
What is DECR And for wt it is used?
I KNOW THAT INSURANCE CHARGES ON PURCHASE OF VEHILE (LIGHT/HEAVY VEHICLES)HAS BEEN CAPITALISED OR NOT.?
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
when apply for ragistred in central excise no
How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?
Hello to every body ... Its not its not a interview question In accounting field can we make Money ?
