I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 -300000 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?

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What is Diffrence Between in EPF & GPF?

1 Answers  

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What is Depreciation ?

8 Answers  

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journal entry of outstanding

7 Answers  

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How Advances to suppliers for purchase of raw materials is to be considered while calculating Drawing Power

0 Answers   State Bank Of India SBI,

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What allowances & % charged on Basic Salary. And what Benefits and its % charged on Basic Salary.

1 Answers  

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Explain the accounts payable cycle

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payment made to the credit card from bank.In that half are personal and half are business related.how to account these transaction without credit card ledger.

1 Answers   ABC,

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i have purchase flat Rs.51279327/- + stamp duty registration charges + MVAT + Service tax = 5332370/- & other charges Rs.2012540/- please late me journal entry in Fixed asssets.

1 Answers   True Fit,

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How we will dabit profit & Loss a/c in tally because profit & Loss a/c is tally generated a/c. we have to make provision for tax.

0 Answers  

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What is tds and how it is calculated?

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how many types of accounts are there

5 Answers   CitiGroup, Royal Berg,

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