Answer / internalaudit.ujjwal

Deferred tax liability (DTL) is a balance sheet line item that accounts for the temporary difference between taxes that will come due in the future and taxes paid today.

How we will learn Sales Tax, VAT quickly?

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how to deduct tds on rent? how to deduct service tax?

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hi .... I wanted to know the ways and means where we can save the withholding tax.

0 Answers   ABN AMRO,

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In the Balance sheet of a company you see the following details, Liabilities: Provision for tax - AY 2008-09 RS 200000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 Assets: Advance Tax- AY 2008-09 RS 150000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 On 15-03-2011, the assessment order for AY2008-09 was received and the final tax liability was stated to be RS 250000. Pass the journal entry for the closing of the relevant accounts in the books for the AY 2008-09.

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What's the difference between Income Tax and P.Tax?

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1. Is TDS asset or Liability ?. 2. Is TCS Asset or Liability ?. 3. Which is Debit side and Which is Credit Side in Balance Sheet ?.

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what is mean by wct

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i received commission with deduction of tds how to take entry in my books. commission Rs.90000 Tds.10000

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I am a civil Engineer consultant. On an item for example Rs.100, I am adding 4%WCT ie., Rs.4 and I am certifying the contractor bill for Rs.100.00 + Rs.4.00 = Total Rs.104.00. But my client is deducting 4% on Rs.104.00 ie., Rs. 4.16. So, finally contractor is losing Rs. 0.16 on Rs. 100 which amounts to lakhs on the project value. Can you please guide me on this? Santosh Kumar

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Why TDS is not deducted on JSTF Contribution of Hinjewadi Industries Association?

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what is the difference between real expense and operating expense?

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WHAT IS THE DITECT TAX ?

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