Taxation Interview Questions
Questions Answers Views Company eMail

How to reconcilation of modvat

GCI,

1847

On what amount of sale Excise Duty levied?

5 6061

i have a question that if i need to deduct wct on contract but the supplier don't have the vat registration what shoul be done?

2 4616

what is excise return form ?

Asha Chemicals,

3 7675

One bill of Rs.200000/- for Machinery hire issued by party, but total bill is reversed by me to party. In this matter what is the TDS Deduction entry I can made or not?

4 5253

What is VAt return form ?

4 6498

Knowledge of filing of various returns under companies act

1 3301

how to make monthly salary sheets.

3 9578

If suppose we wrongly deduct the TDS on professional fees then what to do?

2 9079

what mean by tds on vat?

3 5538

what is the Income tax updated slab?

5 8397

1. Is TDS asset or Liability ?. 2. Is TCS Asset or Liability ?. 3. Which is Debit side and Which is Credit Side in Balance Sheet ?.

11 53075

How to get the C form? If i am a registerd delear

1 8814

in the credit note vat amount is in vat on sale but next step whitch vat class is applicable input vat or out put vat ?

1 3865

what is input rebet on sale tax?

Infosys,

2 5404


Post New Taxation Questions

Un-Answered Questions { Taxation }

If any new form open than we are able to deduct TDS on first year

1774


send me all current year taxation such that rates and exemptions or on which web site i have to prefer

1474


What is c.s.t slab on furniture & fixture ?

1734


IS THERE IS ANY EXUMTION FOR THE NEW CONCER TO NOT THE DEDUCT TDS IN THE 1st YEAR OF ITS INCORPORATION IF THE TURNVOER EXEED THE SPECIFIED LIMIT IN THE 1st YEAR.

1897


How to calculate the TDS

1793






Dear Experts, I need your help in deriving a formula for calculating three taxes with a combination of cumulative and inclusive tax. Here are the examples with expected result. Please let me know the formula on how to get the given result. Example1: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and there is no cumulative of Tax1, Tax2 Expected Results are: Tax1=76.34 Tax2=83.97 Tax3=76.34 Let me know formula to derive above values? Example2: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and cumulative of Tax2 Expected Results are: Tax1=75.70 Tax2=83.27 Tax3=84.03 Please let me know formula to derive above values? Thanks in advance.

1254


A person somehow gets hold of an extraordinary rare bird, keeps it as a pet for two years and then sells it off. Will related profit be taxable as capital gain?

1645


In wct limit is Rs.5lac if vendor provide bill below 5lac wct will applicable or it aggregate I need deduction of wct 5lac slap

1285


Our company is engaged in a business of Real state developer in andhra pradesh. we want to purchase some material from other states. we have central sales tax registration. whether we are eligible for issuing a form 'c' to the supplier being a deeloper.

1499


what do u meant by investment banking

1823


#IS IT NECESSARY TO COLLECT T.C.S ON EVERY POINT OF SALE# THAT IS IF MANUFACTURER SOLD ANY OTHER FOREST PRODUCE NOT BEING TENDU LEAVES (T.C.S @ 2.5%)TO TRADER,IS IT NECESSARY FOR TRADER TO DEDUCT T.C.S.MANUFACTURER ALREADY CHARGED T.C.S TO TRADER & ISSUED TO TRADER 27-D FORM.WAITING FOR CLEAR CUT REPLY

1522


What are the deductions under salary head? Name the items.

611


what is the difference between vat 100 and vat 120?

2016


Can I know the full description about capital and revenue in nature? and also the expenses that allowed for tax and not allowed for tax?

1453


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

1571