a business man purchases goods at 12.5% vat... he wants to sel l the goods to other state then central sales tax will be applicable@2%.what he can do with the input tax avai lable?
1 2868PROFIT FOR THE YEAR 56000 DEPRECIATION AS PER ACCOUNT 9500 DEPRECIATION AS PER TAXATION 6350 TAX RATE 30% PASS ENTRY FOR CORPORATION TAX PROVISION.
ABC,
1 3238COST OF ASSETS 250000 ACCUMULATED DEPRECIATION 115000 SELLING PRICE 137500 PASS ENTRY FOR THE SALE OF ASSET.
ABC,
2 4230what is works contract tax? if a contractor made a bill as repairs to machinary 00000000/- service tax 12.36% on 40% on basic value Vat 5% on 60% of the basic value of the bill amount how can i deduct works contract tax? please suggest me?
1717Hello all , I have a doubt regarding TDS.My salary ranges between 22k to 26 k per month and i have a TDS component cut every month.My doubt is that what is the % of tax ? what are the ways i can get back my TDS and what are the methods that can help reducing tax .And my another doubt is that whether the tax is calculated only on the basic pay or on the whole salary I get ? because my salary has HRA in its component ,will that also be counted in tax calculation or excluded ?
1 2865We have sold goods to customer against H-Form in each quarter of the year. But customer is issuing single H-Form for whole year purchase. Should we accept it or not?
3 3774Ours is a SSI unit manufacturing Leather Footwear In himachal Pradesh . We send the Some Material for JOb Work in other state like pujnab, Haryana , and last finishing done at our end , are job worker required to pay service excise duty or service tax or other any taxes
2 4212whether C form is required to be given when goods are given on sample basis for trial purpose or rejected goods
1 3045if a person is investing rs.100 per month for 11 months of a year,how much ammount of annuity he will be paid at the end of year?
1408
sir, can you give me clarification briefly how to capitalized and which one capitalized
what is capital account? how to manage it? what is the process?
What extra accounts and legal formalities are maintened In excise firm other then normal saling firm.? also tell me tax aspect in Excise firm?
IF ANY PROPRITER SAID THAT DON'T DEDUCT TDS OF HIM BECAUSE IT IS NOT PARTNERSHIP FIRM THEN WHAT SHOULD COMPANY DOES?
The company has to pay transportation charges for transporting its materials. The company has not remitted the TDS on the same within due date. Is this expenses to be disallowed in STI. This expenses is directly considered on valuation of closing stock.
What is the WCT percentage under which the amount is being deducted in Punjab. Under what Notification and dated when???????????. Serious Senor I need the answer other wise I would not have posed this question; Please send the answer to the mail address.
if threshhold limit is crossed then tds is deducted on which amount ? Aggregate or exceeding threshold limit?
Hellow this is ravindra wanted to know about excise duty rates pls suggest
The company i approached asked me that they are registered Manufacturer to market fire extinguishers. They have both VAT & CST registration. When they supply material out of state i.e. under "C" form, to a Dealer who is also registered with CST and who can issue "C" form but for product paint. Will the "C" form issued by the Dealer be acceptable to us. What law governs, since the dealer is not registered to trade in Fire Extinguishers? In the first instance will he be able to issue "C" form at all i.e. Will the government allow him to issue "C" Form, if so under what norms? In the case that my company is the Dealer and registered for trading in Paint and we are taking Fire Extinguisher Dealership will I get set-off in "C" form for purchase and Sale. Kindly let me know on russel.raphael@gmail.com
The CST assessement for the FY 2006-07 is completed on 31-3- 2010 and the same is received by dealer on 22-4-10. The question is that the dealer colud not produced the original H Forms at the time time asst. except the photostat copies filed. But the CTO not allowed and calculate tax at net 4% on H Forms turnover. CTO is saying that it is time barred by 31-3-10. Therefore even after produced we can not revise. We filed with case laws that it can be revised But when it is time barred it canot be. Therefore I request You to help the dealer ANYCASE LAW is there in the above case Pl. guide us.
what is deemed sales? how to calculated
what is the difference b/w deferred tax exp and defeered tax liab? should Deffered Tax expense be deducted b4 computing Net profit?
I run a small consultancy firm (partnership with my mother) from my residence address. My firm is not registered, but I do have a separate PAN for it. I do not have any salaried employees. I get work done by freelancers and vendors and pay them against invoice. My annual revenues are just about Rs 5-6 lakhs. I am aware that I would need to register for service tax once I touch Rs 9 lakhs. But I am confused about my obligation to get a TAN and deduct TDS for all vendor/freelancer payments. Are there any minimum thresholds for withholding TDS? Right now I pay 100% of invoice amounts. Please advise.
What is Form 12A & Form-H and where is applicable.
What is meant by Cost of Improvement?
