Tell me how many taxes applicable in a Company and How can
I calculate ?

Answers were Sorted based on User's Feedback

Tell me how many taxes applicable in a Company and How can I calculate ?..

In the Company there are 3 types of Taxes are applicable

They are,

> VAT ( Value Added Tax) @ 4% With in State

> CST ( Central Sales Tax)@2% Outside the State

> Income Tax @30% from Net Profit (After partners
renummeration's)

> You may also Collect TDS from your Creditors While making
payment & Pay it to IT Dept. Montly

> Service Tax

 Is This Answer Correct ? 10 Yes 3 No

Tell me how many taxes applicable in a Company and How can I calculate ?..

In the Company there are 3 types of Taxes are applicable

They are,

> VAT ( Value Added Tax) @ 4% With in State

> CST ( Central Sales Tax)@2% Outside the State

> Income Tax @30% from Net Profit (After partners
renummeration's)

> You may also Collect TDS from your Creditors While making
payment & Pay it to IT Dept. Montly

> Service Tax

 Is This Answer Correct ? 1 Yes 2 No

More Taxation Interview Questions

Please tell me that what is the formula of Input tax (Vat input) disallowed in case of branch transfer? We have a branch in Delhi and H.O in Faridabad?

What is a service tax?.How to pay the service tax return?

The limit of cash payment made towards frieght when parties given pan cards and truck number

What are the accounting entries to be passed for TDS if person who is assessed is a Firm (or) Proprietorship (or) Company (or) person? Eg: I (CDE & Co) paid Rs. 1,00,000/- through ICICI Bank after deducting 10% of the amount (Rs. 10,000/-) as TDS (Tax Deducted as Source) to “ABC & Co” (i would like to know the entry to be posted in "CDE & Co" and "ABC & Co")

What is the difference between Sales Tax and VAT?

How to working service tax in excel sheet?

what is the rate of VAT in differnt items for example metals, wine, garments, foods, electonics, medicine

At present what is the rate of excise duty on sale of Weigh Bridge Machinery to out of state from Karnataka.

Which form we use for depositing Advance Tax

what is prosses of vat refund

If fail to deposit tds within or on 7th of next month then what will be the Interest charge?

Whether Tax will be deducted by Deductee as a Society for Construction Contact Rs 3000000 to a Company

Categories