Interested to Buy Any Domain ? << Click Here >> for more details...
Weather W.C.T should be deducted on advance payment?
- 2 Answers
- 15514 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / raveendran t m
In my opinion W.C.T at the applicable rate may be deducted
on advance payment.However in cetain cases it is seen that
W.C.T may not be deducted on advance payment but it will
deducted at the time of settlement of bill, as convenience
or avoiding complications.
| Is This Answer Correct ? | 14 Yes | 5 No |
Answer / suresh reddy
W.C.T on Advance / Mobilization advance should not be
deducted. because mobilization / advance will be recovered
on monthly running bills. W.C.T is applicable on actual
work done at site. If WCT recovered on advances, WCT on
running bill should calculate on monthly work done value
after deducting certain percentage of advance. its
complicated process.
| Is This Answer Correct ? | 7 Yes | 0 No |
How to raise capital (equity) in non-listed company?
when Deferred Tax Asset & Deferred tax liability arises?
19 Answers ABC, Anchor, E-City Ventures, Infosys, Katha, Synergy, TATA,
What is a cheque
33 Answers Bank Of America, College School Exams Tests,
State which of the following are Cash transactions, and which are credit transactions: Questions Answers 1. Anil commenced business with Rs.10,000 2. Bought goods for cash Rs. 2000 3. Bought goods from Balaji on account Rs. 4000 4. Paid Balaji on account Rs. 500 5. Commission received Rs. 50 6. Commission due to Raj Rs. 100 7. Took Loan from Bank Rs. 20,000 8. Interest on loan due to the bank Rs. 200 9. Paid salaries Rs. 200 10. Sold goods for Rs. 1000 11. Sold goods to Eshwar on account Rs. 2000 12. Received from Eshwar on account Rs. 100
What is pr ? why it is prepared and what is its purpose ? who is responsible for preparing it ? And on any fault in it who is liable ? And what will happen if fault comes ?And What are major reasons of fault ?
what is audit & activities of auditor?
0 Answers Ernst Young, Ferguson, ICICI,
What is difference between individuals & company? When deducting tds for them how we can compare them?
Expand---------BRP
What is the mean of internal audit?
my friend paid Rs.6.00 Lakhs go a government office through a demand draft for a particualr permission/license. But actual fee payable by is Rs.2.00 Lakhs. Peviously submitted demand draft for Rs.6.00 Lakhs has not been adjusted into governmet account. he went to govt.office and requested to return the 6.00 Lakhs demand draft and assured that he wll pay th actual fee of 2.00 Lakhs. Can he get back the previously submitted Rs.6.00 Lakhs demand draft duly paying the actual fee of 2.00 Lakhs
Does anyone work for the CA state as an Auditor? I am a new college graduate and I need some tips on what questions I will be asked during the interview for the Auditor 1 position. Can anyone help?
I purchase New DVD for Students, what can treat this expenditure is recurring or non recurring
Audit 
