ajit yadav


{ City } gurgaon
< Country > india
* Profession * accounts executive
User No # 32380
Total Questions Posted # 5
Total Answers Posted # 9

Total Answers Posted for My Questions # 16
Total Views for My Questions # 58229

Users Marked my Answers as Correct # 195
Users Marked my Answers as Wrong # 39
Questions / { ajit yadav }
Questions Answers Category Views Company eMail

how to calculate of FBT with example & what is Rate

Nestle,

Taxation 1959

for the deduct of tds on rent including service tax or not

Ernst Young,

2 Taxation 5541

I have working with Rs.180000/- I want fill up itr 1st time What is process.

TATA,

Taxation 1718

Dear Sir, I am working in account department. I want to know, Why service tax rate is change in every type of service. For Example - Rent Bill Service Tax Rate - 10.30% Taxi Bill - Service Tax Rate - 4.12% Why it change

 Taxation 1600

What is minium bill of TDS Deduction Example If Contractor give us 1st Bill - 10000/- 2nd Bill - 15000/- 3rd Bill - 7000/-

ABC,

14 Taxation 47411



Answers / { ajit yadav }

Question { Infosys, 20710 }

Ho to calculate FBT ? Which Exepense heads are comes under
the category of FBT ? What is th e slab or rate ?


Answer

F.B.T is Fringe Benefit Tax

Means
Conveyance
Travelling
Welfare
Promotion

Rate is - 33.99%

Is This Answer Correct ?    6 Yes 1 No

Question { 9043 }

Pass a entry for purchase a material for Rs. 2000 inclusive
of VAT @ 4% on Rs. 1500 & @12.5% on Rs. 500 with narration


Answer

Purchase 4% a/c dr. 1440
Purchase 12.5% a/c dr. 437.50
vat input 4% a/c dr. 60
Vat Input 12.5 a/c dr. 62.5

Party a/c Cr. 2000

Is This Answer Correct ?    2 Yes 1 No


Question { ABC, 13980 }

Is t.d.s deducted on Freight including Service Tax ?


Answer

Yes, TDS will deduct including Service Tax,

Only in case of Rent TDS will deduct excluding service tax.

Is This Answer Correct ?    15 Yes 2 No

Question { 17086 }

please explaine the procedure cst calculation if we got
credit?


Answer

CST is Central Sale Tax.
We don't get refund of CST.
we get vat only.

CST is Calculate of total sale+Freight+Excise Duty and then
calculated 2% of above total.

We can refund to Excise Duty also

Is This Answer Correct ?    11 Yes 10 No

Question { ABC, 35362 }

Telliphone Bill amount is Rs. 50,000/- and Service tax
(12.36%) is Rs. 6180/- Total 56180/- is going to Debit a/c.
my question is Tds caluculation made for what amount.
(50000/- or 56180/-) pl give me correct answer.


Answer

Telephone is not comes under TDS

Is This Answer Correct ?    12 Yes 3 No

Question { Construction, 9958 }

Our Company is engaged in Construction activities. We are
going to purchase Exacavator Machine from the interstate.
Whether the above purchase covered by issuing C form ?
Whether can we apply for C Forms in sales tax Dept ?
Please clarify sir


Answer

C Form is aplicable for other State. But you want to know
how to receive the C Form from Sales Tax Office.

Before receiving C Form, Tax is clear till.
C Form Detail submit to Sale tax Office for Example - How
many receive C Form, issued & Balance remain.

Detail give in Lettar Head.

Is This Answer Correct ?    0 Yes 0 No

Question { TATA, 36610 }

Please tell me about service tax? And service tax latest
rate?


Answer

Service Tax rate is 10.30%

Service Tax - 10%
Edu.Cess - 2%
S&H Cess - 1%

Is This Answer Correct ?    134 Yes 9 No

Question { 11058 }

what is diffrant betwwen exice duty & sale tax


Answer

Excise Duty is of Central Government Tax and Refundable

Sale Tax is State Government and not refundable left Vat.

Is This Answer Correct ?    7 Yes 13 No

Question { 6531 }

Salary A/c Dr (Gross) 10000.00
Salay payabe A/c Cr 9825.00
ESI Payable A/c Cr 650.00
ESI Employer Cont. Dr. 475.00
or
Salary A/c Dr (Gross) 10000.00
Salay payabe A/c Cr 9825.00
ESI Payable A/c Cr 175.00

which is correct entry above entries ?


Answer

Salary A/c - 10000 dr.
Employer's Cont. to Esi - 475 dr.

Salary Payable 9825 cr.
ESi Payable 650 cr.

Is This Answer Correct ?    8 Yes 0 No