till the discounted bill is paid by acceptor it, remans 1)a contigent liabilities for the acceptor 2)a contigent liabilities fot the drawer 3)a contigent liabilities for the bank 4)a liabilities for the drawer chose correct answer with detils.
1 3887I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 - 0 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?
1 3777x invesment in mutual fund 45000, and recd dividend of mutual fund 5000 with in year, also investment only for one year. i f final the balance sheet then how closed it?
1 3981UNDER CST IF WE PURCHASE GOODS ON 26 JULY 2010 AND GOT THE DELIVERY ON 4 AUG 2010,ON WHAT DATE SHOULD I ENTER THE BILL IN TALLY.
4 7277Can we issue "Form E1" to party for same state? If yes please give procedure for invoiceing
BOC,
2 8402i 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?
2220NOW I WANT TO FILE THE INCOME TAX RETURNS. I AM A SALARIED PERSON WITH NO OTHER INCOME. SHOULD I USE SARAL 2( ITR-1) FORM ASSESSMENT YEAR 2010-11
4 7752In the Balance sheet of a company you see the following details, Liabilities: Provision for tax - AY 2008-09 RS 200000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 Assets: Advance Tax- AY 2008-09 RS 150000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 On 15-03-2011, the assessment order for AY2008-09 was received and the final tax liability was stated to be RS 250000. Pass the journal entry for the closing of the relevant accounts in the books for the AY 2008-09.
1866What is the procedure to intimate Change Name of Business in maharashtra Vat Act, which form to be fill.
2978if the goods are purchased against H Form, is there any specified time limit winthin which they should be exported?; if yes then wat is that limit?
2 5561We are purchasing machinery from Mumbai supplier. Deliverable in Jamnagar & invoice is on our name (Maharashtra). Can we issue 'C' form?
4 7315
I am working at Himachal Pradesh, let me know cant i adjust entry tax in vat? if no then why or yes, please exlain.
sir, please suggest me. If in case work contract, wct not deduct by principal contractor then what is the consequence ? I mean please clear me if the principal contractor not deduct wct then is the contractor (sub) liable to pay wct ?
Our Company dedduct TDS on the collection charge and claim (rate diff claim, scheme claim, collection charge means , if any party take material directly form our store our company give them frieght charge and deduct tds@10.30%). my question in what category of this type of TDS decution ? is it payment to contractor or what ?
We had paid TDS against rent in assessment year 2009-2010. But by mistake one of the pan no of the landlord was wrongly entered. Now the demand has been raised. Please advise how to correct the situation.
What is permanent account number (pan)?
HOW CAN TAKE THE MAXIMUM GRAUITY (EX RS.3.5 LAC)
how to caluclate the central exicse duty? how to implemting in to tally ERP9?
WHAT IS THE PENALTY CHARGE BY THE SALES TAX DEPARTMENT IF WE ARE ENABLE TO FILE SALES TAX RETURN AFTER ONE MONTH FROM END OF THE IVQ-2012-13.
how we calculate the tds on salary.
What are the treatment & implications if party doesn't provide C Form in interstate sales transactions & also same if provide C Form.
what is the rule of TDS Deduction for Pvt Ltd Company ??? And What rule of not TDS Deduct for PVT LTD company ???
if i have a educational loan on my name, can i show for tax exemption on current year income tax? Is it applicable for tax exemption (educational loan)
'A' is running a manufacturing set up. 'B' sends raw material (after paying CST) to 'A' for manufacutre of his specified product and 'A' keeps 'B's stock in his godown. Can 'A' buy this material from 'B' by raising a CREDIT MEMO and in the books regularises by passing Journal Entry Dr.Raw material inventory and Cr. 'B's Account.
we are Rising contractors(Propritorship concern) and register with "mining of minerals" service. we rise the bills to mine owner (we do not add the service tax in bills) monthly. can we eligable for paid to service tax.
WHAT IS DEFERRED TAX LIABILITIES.AND WITH EXMPLE DEFERRED TAX ACCOUNTING?