hi..i'l b attending bpcl interview..my marks in 10th is 91.2% in 12th i hav 94.58%..i hav done B.E Computer Science (2009 pass out)..my aggregate in B.E if 64.04% only..So if the interviewer asks " what is the reason for the decrease in aggregate"?? wat is the best , convincing answer that i can give???
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Beginning Balance, Dec. 31, 20xx Creditable Income Tax 211,829.00 Income Tax Payable (132,808.00) > Balance 79,021.00 ITR (1st Quarter) - Jan. 31, 2016 - Mar. 31, 20xx Normal Tax (30% of Taxable Income) 2,205.02 MCIT (2% of Gross Income) 7,865.71 Aggregate Income Tax Due (Normal Tax vs. MCIT whichever is hihger) 7,865.71 Less: Tax Credits/Payments Prior Years Excess Credits 79,021.00 Creditable Tax Withheld - 79,021.00 Tax Payable, per return (71,155.29) What should be the entry in my book to record the above transactions? Thank you!
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