IF a vendors charges WCT @8.75% what is the rate of TDs to
be deducted against that? & can we take the Input of it?
Answer / mangesh
Rate to be 1% on gross amount of the WC. You can avails input if it first purchase, otherwise not
Is This Answer Correct ? | 0 Yes | 2 No |
What is the exemption limit of senior citizen for F.Y. 2010- 11?
Can individual deduct his expences from his income at the time of his returns? Any scop is ther in Form 16A to deduct the expences from income? Which kind of expences is allowed to deduct in Form 16A?
is the company liable to deduct and pay professional tax for directors?
What is the difference between a TDS and an income tax?
Pass a entry for the Contract receipts of Rs. 20000 after deduction of mobilization adv 30%, TDS 2.244%,Works Contract TDS 2% and retention money @ 10%
ON WHICH FBT IS APPLICABLE, WHTS ARE THE CURRENT RATE OF FBT FY-09-10 WHAT IS LAST DATE OF DEPOSIT FBT TAX & RETURN
On which amount Work contract tax (wct) is to be calculated - on the labour part, on material cost or on aggregate cost (labour + material)?
My question is that if only 20% amount of lic is elgible in one financial year for tax exemption, than one time instalment in lic is elgible for tax exemption ?. for suppose i invest 25000 Rs. only one time in lic.pls. tell me it is elgible or not.
What are the items are the purpose of calculating taxable? - Excise duty - Fine & penalty - Loss on sale fixed assets - Depreciation on fixed assets
when we buy an assets a vat has been charged, under which head we show this entry according Haryana sales tax act?
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 ?
Beginning Balance, Dec. 31, 20xx Creditable Income Tax 211,829.00 Income Tax Payable (132,808.00) > Balance 79,021.00 ITR (1st Quarter) - Jan. 31, 2016 - Mar. 31, 20xx Normal Tax (30% of Taxable Income) 2,205.02 MCIT (2% of Gross Income) 7,865.71 Aggregate Income Tax Due (Normal Tax vs. MCIT whichever is hihger) 7,865.71 Less: Tax Credits/Payments Prior Years Excess Credits 79,021.00 Creditable Tax Withheld - 79,021.00 Tax Payable, per return (71,155.29) What should be the entry in my book to record the above transactions? Thank you!