Answer / ritu madaan

excise duty is the duty which is leveid on production.

Answer / rakesh

Excise duty is an indirect tax, which is imposed on the
goods produced or manufactured in india

Answer / nisha

excise duty is an indirect tax leviable on production of
goods.Such duty is collected at the time of removal of
goods at the rate enforce on the date of removal

Answer / sanjay kumar

Excise Duty is The Indirect Tax.
Which is levied on the good manufactured in india.
Levied at the time of removal from the factory, warehouse
or such other Place.
goods Manufactured must be Movable and the nature of goods
manufactured is seperate from the goods which is used as
input in the manufactureing of such goods.
Rate of Duty on goods Manufactured should be levied as per
mantioned in CETA (Ceneral Excise Tax Act).
Rate of Duty should be apply for the Date of Removal.

how many years deduct the depreciation amount

4 Answers  

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State with reason which account should be debited and which account should be credited in each of the following transactions: 1. Raj commenced business with cash Rs. 5000 2. Bought goods from Kiran for cash Rs. 1000 3. Sold furniture to Ravi on credit Rs. 500 4. Sold goods for cash Rs. 800 5. cash purchases Rs. 600 6. Bought Stamps Rs. 10 7. Withdrew cash from the business for personal use Rs. 1000 8. Paid salary to manager Rs. 500 9. Paid rent to landlord Rs. 200 10. Received commission from Mani Rs. 50 11. Paid for repairing machinery Rs. 30 12. Received cash form Ravi on account Rs. 400 13. Gave loan to Babu Rs. 500 14. Purchased goods from Sachin Rs. 400 15. Opened a bank account with Rs. 1000 16. Charged Mohan Rs. 50 commission for service rendered to him 17. Santosh paid the interest on loan advanced to him 18. Received loan from Manju Rs.10000 19. Office furniture stolen Rs. 500 20. Paid income tax Rs. 5000 21. Paid life insurance premium Rs. 300 22. Allowed discount to Babu Rs. 90 23. Discount received from Santosh Rs. 150 24. Amount charged by bank as bank charges Rs. 30 25. Railway fright paid on machinery purchased Rs. 100

2 Answers  

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Can I alter Original Tax invoice(pharma) at warehouse in respect of Batch,nomuntilature,quantity,value etc.?

1 Answers  

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internal audit

5 Answers  

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central exices

0 Answers  

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whether VAT is an asset or liabilities?

12 Answers   TATA,

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credit purchases

1 Answers   Accounting,

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Will it be fine if private Ltd Company do not follow depreciation rate as per The Companies Act,1956 & follow Depreciation Rates as per Income Tax. Also is it necessary to claim VAT Setoff on Asset Capitalised only after some percentage of retention.

1 Answers  

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hi friend i have selected in ssc cgle as accountant in audit department. can anyone tell about the work of accountant in audit department?

0 Answers  

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What is Cost audit & its Type?

3 Answers  

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Tell me about a time you led a team?

0 Answers   Ernst Young,

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Explain the importance of internal audit to the organization?

0 Answers  

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