Under what circumstances Deferred Tax Liability or Deferred Tax Assets entries to be passed ? or what is the advantage by passing the above entries ? How the above entries to be nullified / reversed ( with examples please )

2 Answers  

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Is Late fee and service tax thereon LIC Premium is elgible for deduction u/s 80C ?

2 Answers   Voltas,

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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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Pls can you write briefly about procedure of Auditing of VAT, Service Tax and Central Excise?

0 Answers   Unitech,

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Who advance tax is the asset for company? What are the accounting entries of advance income tax

0 Answers  

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Correct Journal Entry of PF & ESI

1 Answers   SSC,

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Is service tax is direct tax or indirect ?

9 Answers   Wipro,

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What is the Procedure of Import & Export

0 Answers  

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My company liable to paid Service tax for GTA (Goods Transport Agency) in Jan,Feb & March month. our Transport made on 15.02.09 and Transport bill accounted on 02.03.09. on 25.02.09 Service tax reduced 12.36% to 10.30%. So my quastion is what rate should i caluculate to paid the tax. while transport date (12.36%) or Bill accounted date (10.30%) pl tell me.

4 Answers  

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Wether TDS is deducted if its jobwork and VAT is charged on that

1 Answers  

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if a total slary of a person for year is 200000 presently then what is the income tax amount to be deducted? how should be the calculation? how the entries to be done in tally?

1 Answers  

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How to calculate service tax in construction catatory

10 Answers  

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