Answer / Viddhotma

On the sales side, the entry should be: Sales Account - Debit (Rs. 10000) and Cash Account - Credit (Rs. 10000). On the taxation side, if there is a tax component in the sale (like GST or VAT), the entry would depend on the tax structure and could involve entries in multiple accounts like Output Tax Liability Account, Sales Tax Payable Account, Cash/Bank Account.

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?

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What are all include taxation...? What is to be noted in the taxation...? Hints would be highly appreciated.

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In our bodyshop wct tax is 13.05% on the whole Labour charges( including opening fitting ,repairing ,painting. Is this justified?

1 Answers   Rudra Automart,

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What is total income?

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why VAT not charged in deemed sales bill.

1 Answers   ME,

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I am working in footwear company at Himachal Pradesh. we want to send raw material - (leather) for Job work our other branch. now my question is that will have we any permission taken from excise & sale tax deppt.

2 Answers   ABC,

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Is sales against H Form Either in Punjab or out of Punjab treated as Zero rated sales in vat 15 form in Window showing as Break up of Zero rated sales: Direct export out of country; Sales against H Forms Or it is treated as seprate

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How to Claim Cenvat Credit.

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hi,i want to kow the difference between withholding tax and service tax.what is the procedure of calclation of the two.please help.its urgent.

2 Answers   Wipro,

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What are the deductions under salary head? Name the items.

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what is mis

1 Answers   IBPS,

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why direct tax as a career field? why u have chosen direct tax as a field?

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