Answer / anil rawat

Since the yearly salary of mentioned person is 1,26,000/-
only and not exceeding 1,60,000/- so TDS will not be
deducted on the same.
Cz as per the income tax law we have to deduct TDS on
salary if the yearly payment is over and above 1,60,000/-

Answer / guest

then salary is 10,500 of month tds deducted on 10% sasic
salary

If we issue a new sale invoice after issuing a Credit Note to the coustomer, for the previously issued sale invoice on which Central Sales Tax @2% was Paid previously,whether we will be liable to pay for charging the sales tax on new invoice and pay to the sales tax department.

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PROFIT FOR THE YEAR 56000 DEPRECIATION AS PER ACCOUNT 9500 DEPRECIATION AS PER TAXATION 6350 TAX RATE 30% PASS ENTRY FOR CORPORATION TAX PROVISION.

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My income for the current year from Hiring Earth Moving Vehicle to a contractor will be 250000/-my total savings are 125000,payment of my childrens tution fees will be 35000 So mine will be below taxable income .Pl let me know whether there is any chance to escape from TDS obligation.If so Pl let me know the procedure

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What is the reason of charging surcharges?

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what is process of the TDS deduction?

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What is deffered tax? Explain breifly.

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I want to know the Taxation entries manually like(TDS,VAT, Excise duty, Income tax, statutory payment entries)

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procedure of service tax

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

3 Answers  

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