Taxation Interview Questions
Questions Answers Views Company eMail

From Buyer's point of view, In Interstate purchase to save tax we issue "C" form but at the same time can u tell me by allowing issuing "c" form govt bearing any losses in collection of taxes. e.g.while giving c form i only pay 2% instead of 12.5% the is it loss to govt of 10.5%, if yes then why govt. allowing "c" form, pls explain.

1 4363

We made full payment to contractor and forget to deduct TDS on that.Now contractor ledger is fully settled and we have to pass the TDS entries on that. Kindly guide rectify the entries on tds

1728

what do u mean by excise duty?

2 4270

How cess should be calculated. Is it calculated on assessable value of the product or on the sum of assessable value & BED.

2 3960

HOW CALCULATE PARTERNERSHIP FIRM INCOME TAX ON NET PROFIT.

TCS,

1766

I am trader & my office in Delhi & I have any Material purchase from Puna & I want directly dispatch material from Puna to Ludhina which my customer. So what can I do this transaction ? & what will the tax pay.

2 3395

WHAT IS THE MAIN OBJECTIVE TO ISSUE THE WAYBILL TO THE SUPPLIER ? WHAT IS THE TAX LIABILITY ARISES ? WHO HAS THE OBLIGATION TO PAY THE TAX ?

Essar,

2172

should we can take modvat benefit any time or they have some limit time to take input benefit claim?

1986

I plan to buy a new flat in Hyderabad which has never been registered before. Area of the flat is 1115 Sq. ft. I intend to know the following things.1.) what should be the amount of registration?.2.) Is there any VAT. If there is VAT what is the percentage?.3.) Is there any service tax. If so, what should be the percentage? as per F.Y 12-13 rule

1969

I am getting a salary of 50000 Rs Net salary. After showing my rent bills and children school bills, still I am being deducted a TDS amount of 2000. Is there any chance of even avoiding this amount to be deducted by investing in any insurance. Please give me a suggestion.

2 3501

What Do U Mean By Tds

1 3497

what is service tax rate of work contract in f.y.2012-2013 and what is compos ion scheme and normal scheme

2 6047

WHAT IS EXECUTION OF WORKS CONTRACT ?

Reliance,

1620

What is the difference where sales accounted exluding and including of vat, octrai, other taxes?

1 2734

How can I Proceed to my client regarding Advertisement Bill as we are dealing in advertising agency and also clear us can we deduct TDS on their bill? For Example we receive a bill from The Sandesh Ltd. of Rs. 50000/- and they do not mention service tax in the bill. So, Kindly provide the Guidelines regarding This Problem.

1567


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Un-Answered Questions { Taxation }

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

2739


Can Guradians (other than parents) be dependents and can we get exemption on them at Taxation part like Medical, LTA and Sec 80DD? Pls Comment.?

1456


If the the material sent for job work in outside state for job work ,what should be service tax chargeable or not if material receipt after job work done to job worker kindly suggestion

1383


HOW TO FILE RETURN- SALARIED PERSON GETTING SALARY 6 MONTH FROM ONE & 6 MONTH ANOTHER COMPANY

1777


My unit is a manufacturing unit and deals in Auto-parts and registered in Central Excise,Service Tax and Sales Tax. Now,we intend to import machines in the company for sale them in Local market.What procedures we have to follow for the aforesaid purpose?

1595






Sir My, Que. We recived hotel housing & bording charges so i have dedu. tds when section

1656


what difference in motvat & cenvat? and why this prepared?

1770


we charge service tax in our Invoice.we pay it in time. At the end of the year other party gives his deduction as certificate. what to do with it ? how to submit again to tax authorities?

1433


Central purchase is eligible for issuance of H form. Whetther H form can be issued against local purcahse also? What I came to know is : earlier H form can be issued against central purchase only, but after intoduction of VAT, department issued notification regarding issuance of H form against LOCAL PURCHASE also. Is it true? If true then please tell me about notification/ circular/ relevant section or law. Please look into the matter. Thanx n Regards

1597


How will you calculate house rent allowance (hra)?

624


What are the deductions under salary head?

553


Need of Bank Reconciliation to a company

1718


if i have a comany take contract from gvt. & i take contract from that company, & in his bill he show about all tax deduction ike IT, WCT etc, but material is purchase by that company not by us so here i want to know how WCT applicable? on total amount of contract or according to rule like material service & after adding all things??

1125


what is cost taxation

1525


the TDS rates and Income rates are equal in calculation of the salary and please send the IT slab rates for the employees and comapnies.

1634