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Taxation Interview Questions
Questions Answers Views Company eMail

What is the journal entry for tds certificate received by the company debtor

Enrich,

6 12507

I am a newly appointed consulting engineer to a coirporate infrastructure company.I am offered a consultation fee of Rs.!500000(fifteen lakhs) per annum. My question is for the purpose of working out the income tax what is the gross income.Is it the balance of the fee received less the service tax paid ?

1 2337

Dear Sir please give the answar for the following question. What is the CST rate, if C form is fail to file after issued final Assessment Order. Because our commidity is @ 4%. But in the assessment order they are demanding @12.5% tax to which c forms are not submitted. for this issue what is the rate applicable.

1 2598

what is the tax that is levied if company crosses 1.5 crores turnover

1 3859

One of my party i.e. ABC (prop. firm) is providing repairing/alteration service relating to Comm. Construction.. (not new construction), they have provided a repairing/alteration service to one co-op. bank...i.e. XYZ………. At the time of audit by central excise dept., officers has asked/directed to bank to pay the service tax by the ABC (for year 07-08 & 08-09)..... Now, my question is …..:Is my Party ABC liable to pay the service tax ?

ABC,

2 2581

What is the commitment to the bankers against L/C ? They need any colletral Security or any deposit ? What is terms & conditions of L/c?

1407

what is the prime cost? and factory cost how to calculate it?

1164

There is a sales return in the month of April'09, we didnot take input credit for such return. shall it possible to take now? what the time limit to take such sales return input credit in VAT?

Genpact,

2 3659

Form No.27A, I think it is a TDS oriented Form. But for what purpose and why this Form is use?

3 12677

What is the difference between a TDS and an income tax?

TATA,

7 7464

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?

1037

what are CST,VAT ,TDS, Service tax .how they are applicable?

3 17759

what is waybill ? when we supplied a machine to Gujarat from Hyderabad they asked waybill. How it is different from consignment note?

2 7431

what is PBT? FBT? how they are calculated?

1 6455

is the company liable to deduct and pay professional tax for directors?

5 27261


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Un-Answered Questions { Taxation }

how to pass service tax reverse charge entry pass in books

2601


I am working in footwear company at Himachal Pradesh. we want to send raw material - (leather) for Job work our other branch. now my question is that will have we any permission taken from excise & sale tax deppt.

3622


If I have bought goods from a seller in India and finally exported it to some other country, my understanding says I have to issue form H to seller to get cst exemption. My question is wether Bill of lading is must to be given to seller or not bcos if I give bill of lading to the seller from whom i haave bought material confidential information will go to seller as bill of lading will have buyers details...pls guide how to overcome this issue.

1132


What is the difference between the excise duty and the sales tax?

207


accounting taxation

1019






if the reparing & machinery maintanance for one party the whole year payment paid rs.75000/- crossed than tds is deducted from amount

1029


procedure to get Raw Material free of excise duty under Central Excise Act,

969


If a person have been appointed as a Director in more than one company, what is the rule of paying Prof. tax ? Is Directors prof .Tax has to be paid by all the Companies whre he is a director.?

823


what is the percentage of W.C.T T.D.S to deduct from vendor, and is this includes T.D.S deduction or again T.D.S has to deduct separately?

1409


What is the procedures for withdrawing of form C?

1360


in relation to pioneer industries, explain the following terms:1,production day. 2,certificate of qualify expenditure. 3,income tax relief. 4,pioneer certificate 2. list seven pioneer industries which fall under pioneer status as contained in the industrial development act 1971

2245


For what Purpose we should pay Profession Tax? After paying Profession Tax we can get benefit for personnel return filling? If Yes? than where?

3610


How To fill vat, Tds, Service tax Return Form? Please Explain With an Example.

9897


what is the full rate of cst/vat of building material ?

1539


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

1129