How cess should be calculated. Is it calculated on assessable
value of the product or on the sum of assessable value & BED.
Answers were Sorted based on User's Feedback
Answer / p. vedha
Ex. assess value - Rs. 12000 /-
ed 12% - Rs. 1440 /-
cess 2% - Rs. 29 /-
S H 1% - Rs. 14 /-
total value - Rs. 13483 /-
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / k.s.n.raju
CESS CALCULATED ONLY BASIC EXXCISE DUTY
Example: Assb.Value = 10,000
BED 10% on A.V: 10,000 X 10/100= 1,000
Ed.Cess on BED: 1000 X 2/100= 20
SHE Cess on BED: 1000 X 1/100=10
Total Value: 11,030
| Is This Answer Correct ? | 0 Yes | 0 No |
what is the tax that is levied if company crosses 1.5 crores turnover
If We received Purchase bill for Rs. 67320 2% CST ( Ta Rs. 1320 on Assessable value of Rs. 66000/- ) against Form C but while making payment we had paid as per 12.50 % Tax amount i.e. 8250 . Total paid Rs. 74250/- then is it necessary to give Form C to the party?
What is the value of the Budget for 2009-10
My firm issues a cheque for Rs 28000/- today towards Advocate fees to Adv. Mr X. After three months the same Adv. Mr X is paid Rs 25000/- as Adv.fees. How do I handle the tax part u/s 194J of the I.T.Act? Do I have to pay TDS on the first paid Rs 28000/- or ignore, or while paying him the 2nd cheque deduct tax on Rs 28000/+ Rs25000/= i.e., Rs 53000/=. Or on the other hand also pay Interest on TDS on Rs 28000/= for delaying the payment? Trust the issue is crystal clear?
HOW MANY TIPE OF BALANSHEET
How treat TDS & TCS in manual or Tally 9 softwere ?
what is the rate of exices in haryana
pls help me make a full salary with all deduction like PF, ESI, HRA, Basic, conveyance etc with full rates% supose my salary is CTC 10660/- & give me full form of CTC
DEFINATION OF LABOUR ACT?
What are the basic and additional conditions for resident and ordinarily resident (ror)?
interest paid to bank rs.15000 in conection with statutory income tax proceedings.
Can i purchase fuel like LNG against C-form under Haryana Vat Act