I 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 Answers
- 3001 Views
- I also Faced
- E-Mail Answers
Answer / rajubhalerao
Scenerio 1 - Consider material purchased for Rs.3,00,000 as all
utilised and so profit is Rs. 50,000/- in both cases.
| Is This Answer Correct ? | 2 Yes | 0 No |
What is the Difference between VAT and Sales Tax ?
amounts for which esi,pf n tds get applicable ???
how to calculate vat, st, cst, excise duty, customs duty, tds.
Whatis ir TDS rate of international creditors for F.Y.2012- 13)
what is WCT?
Who is an assesse?
V R MAKING COMMERCIAL CUM EXCISE INVOICE,THEN HOW INVOICE NUMBER CAN BE GIVEN COMBINDLY OF TAX INVOICE/RETAIL INVOICE AND EXCISE INVOICE.
Is wct charged on firm or proprietors ?
my company taken a loan from bank and it's interest per annum is more then 10,000 /- then my company deduct tds from interest amt
WHO IS SEND C FORM & WHATS MENTIONED THERE
AT WHAT LIMIT PAYMENT CAN BE MADE AT A TIME TO PROFESSIONAL AND CONTRACTOR , WITHOUT DEDUCTION OF T.D.S. D.K.SONI
while prepairing the quarterly retun for 26Q a validation errer is coming and cannot create the fvu file. The Challan details are NIL.The message is T-FV-1029 Invalid Challan Input file.
Audit 
