Answer / muthukumaran.k

yes sucharge is different from vat, it is realted to IT.
the surcharge amount is not refundable but it can be
adjusted against our tax dues.

Answer / h.r. sreepada bhagi

In any taxes Direct like Income Tax, or Indirect like VAT,
Excise etc., basic rates of taxes will be there. On any of
these taxes, the governments may levy Surcharge or Cess.
Surcharge of Cess is levied on the basic taxes. Whether
direct tax or indirect tax, refund provision will be there
in the relevant Act. (i.e Income Tax Act, VAT Act, Central
Excise & Customs Act., etc.)
For specific information, read the relevant Act, consult tax
consultants or experts.

What is Deferred income what is the difference between accrued income how it will effect on Financial statement

1 Answers   Cap Gemini,

---

What is the abbreviation for the accounting terms debit and credit?

0 Answers  

---

what is journal entry of reserve for doutful debts.

3 Answers  

---

My gross salary is 12,000/-P.M & due to less working days gross salary becomes 8,000/-P.M will ESI come as my gross is less than 10,000/-P.M

2 Answers  

---

What is the entry for Accumulated Depreciation??

2 Answers   Genpact,

---

HOW WE CLOSE YEAR ENDING? e.g (CASH, BANK, SALES, PURCHASE, GENERAL LEDGER, AND OTHERS AS PER YOUR YOUR KNOWLEDGE)

1 Answers  

---

What is LIFO and FIFO ?

5 Answers  

---

difference between outstanding and accrued exp.?

2 Answers   Genpect,

---

suppose total salaries paid is 10000, 1000 is outstanding. how & which amount will shown in receipts & payment, income & expenditure and balance sheet accounts

2 Answers  

---

Where to define a Payment Document

0 Answers   Accenture,

---

Why Reserves and Surplus are shown on the liabilities side of the balance sheet.? justify your answer.

4 Answers   Infosys, Muthoot Group,

---

if Cheque bounced who issued to us and we posted to clear the check in bank, but returned, what entry can be made in tally(single entry system)

1 Answers  

---