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Taxation Interview Questions
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My firm issues a cheque for Rs 28000/- today towards Advocate fees to Adv. Mr X. After three months the same Adv. Mr X is paid Rs 25000/- as Adv.fees. How do I handle the tax part u/s 194J of the I.T.Act? Do I have to pay TDS on the first paid Rs 28000/- or ignore, or while paying him the 2nd cheque deduct tax on Rs 28000/+ Rs25000/= i.e., Rs 53000/=. Or on the other hand also pay Interest on TDS on Rs 28000/= for delaying the payment? Trust the issue is crystal clear?

3 6224

What extra accounts and legal formalities are maintened In excise firm other then normal saling firm.? also tell me tax aspect in Excise firm?

1068

i am working in a construction company. my question is can we claim VAT paid on items like (i. e . Vat paid on stationery, purchase of printer catridge etc exp for official use. indirect exp.) ?

4 3223

Hi, When your orgnization is applicable for VAT payment..? Payment date of VAT ? Return date of VAT ? What is VAT Summary..?? What is Vat Set off ?? Which Entry to be passed after filing return or payment..??? I will be very thankful to you if anyone can give the detail in short how to file VAT return..? which form etc..?????

1 2769

Our one local supplier who engaged in supplying stationery & housekeeping materials he charge Vat @4% on bills or some bills they charge Vat @5% or sometime 12.5% How it decide ..?? n how can we cross check ??

1 1907

Hi, Is there limit of applicablity of excise payment for any orgnization...?? what is date of excise payment..?? Excise return date & what procedure & how to take benifit availing service tax in excise return..? What form reuire for Excise Return..??

1 2339

What is the limitation of loan given from one private company to other proprietors company, if any restirction is there. Please explain and how it affect income tax point of view?

PNG Power,

1 2659

What is the limitation for loan from pvt ltd company to other sole proprietor company suppose 25 lakhs given. what is the rule at the time of income tax point of view. Please clarify anybody....

1109

cash transaction in a year up to Rs.20,000/- that rule under sec.40-A. It may be any revised rule updated. Please inform me anybody, and also suppose giving cash/cheque it is possible.

1 2695

What qualification require for become a tax consultant ? what the future in this..???

1828

Dear Sir, We are running a security agency. Please suggest us Notification No.:15/2012 service Tax dated 17.03.12 which is effected from 01.07.12 Please suggest how to raise bill on our clients.

2 2443

How the FBT is calculated ? what is FBT ?

2 2455

WHAT IS TCS & DIFFINATION

1 2433

what is tds

6 3939

What is MAT?

1 2172


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Un-Answered Questions { Taxation }

what is the difference between vat return and return for remittance on value added tax.

1626


what is the difference between tds tax code and tds tax type in sap fi

827


i paid tds through my bank account but i entered the assessment year as 2010-11(the current year) instead of 2011-12(actual assessment year). what is the remedy for this. how do i get refund for the wrongly paid sum. or is there any way to currect the assessment year?

1267


How can the management breakup the salary of employee(if salary Rs.10000/-) which % they calculate the Basic,T.A,D.A,H.RA.and e.t.c.

1169


Who is to paid income tax and what is the procedure of filling income tax return?

1082






what is highseas purchase and sales? how is custom duty calculated? what are the criteria for a person dealing in shares comes under tax audit? whether all equity oriented fund are eligble for stt?

4569


what do u meant by investment banking

1388


WHAT IS THE BANK RECONSILATION, WHAT THE FORMAT OF IT

1301


How much is the tax & surcharge % against d-1 form. on cement,steel,electrical item,RMC,

2090


Hi, Is there limit of applicablity of excise payment for any orgnization...?? what is date of excise payment..?? Excise return date & what procedure & how to take benifit availing service tax in excise return..? What form reuire for Excise Return..??

2339


how much tds deducate on hotel party arrange by company

920


What are the treatment & implications in case interstate sales transaction if party is not registered (Individual or other then individual)

1064


what is excise duty and how can we mantain its account in outgoing and incoming of bill status.

1079


what is the percentage of vat like 4 % , 12.5 % etc ? how can do closing stock valuation ?

1251


Pl give the abstract details of Karnataka VAT Payment procedure, rebating, returns filing in connection of manufacture, distributer & retailer.

2510