Assume I paid an advance of Rs 50,000/- from contractor can we deduct TDS on that amount

4 Answers  

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if the reparing & machinery maintanance for one party the whole year payment paid rs.75000/- crossed than tds is deducted from amount

0 Answers   United Chemie,

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I want to know that can we get input vat credit against tax invoice/retail invoice/& commercial invoices. Our auditor is saying that only tax invoice is libel for vat input credit. But many parties issue us retail invoice & commercial invoice.

2 Answers  

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Which book is best for fringe benefit tax ( FBT )

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Dear Experts, I need your help in deriving a formula for calculating three taxes with a combination of cumulative and inclusive tax. Here are the examples with expected result. Please let me know the formula on how to get the given result. Example1: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and there is no cumulative of Tax1, Tax2 Expected Results are: Tax1=76.34 Tax2=83.97 Tax3=76.34 Let me know formula to derive above values? Example2: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and cumulative of Tax2 Expected Results are: Tax1=75.70 Tax2=83.27 Tax3=84.03 Please let me know formula to derive above values? Thanks in advance.

0 Answers   ABC,

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Net Worth is: 1)total Assets less outside laibilities 2)Total liabilities plus owners equity fund 3)Current Assets less current liabilities 4)Total accumalted profit less liabilities

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Please Advise When issue form F monthly Basis or quarterly basis.

3 Answers  

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We have purchased staples Item & vendor charged freight in his invoice.should we deduct TDS on freight charges by vendor?

1 Answers  

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Give the correct entry for below statement. 'A' Securiy charges 395926, Vehicle maintenance 5000 and Mobile charges 1300 and Service tax 12.36% and TDS 2.266% pl give me journal entry

4 Answers   ABC, ABY,

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why use diff vat forms like vat51 vat3 why

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basic knowledge of accounting ?

1 Answers  

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if there is no express contract between parties,but makes no. of payments to a particular party and those payments exceeds the limits prescribed(i.e 20000 or 50000 as the case may be)is tds applicable for the same?

1 Answers  

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