Tell me how many taxes applicable in a Company and How can
I calculate ?
Answer Posted / vinoth kumar
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 |
Post New Answer View All Answers
Company A from Maharashtra dispatch material directly to company C in Maharashtra & Billed to Company B in Karnataka. Co. A raised billed to Co. B charged local VAT., Co. B raised bill on Co. C tax rate NIL. Can Co. C claimed on VAT amount ?
How to make a bill of software sale with service tax?
Making delivery challan is possiable between two branch of difference code
What extra accounts and legal formalities are maintened In excise firm other then normal saling firm.? also tell me tax aspect in Excise firm?
How to make fdr entry in tally software i dont understand. when fdr open from bank and after work and interest it get closed. i want to understand how to make ledger of that and full details please help me
anybody pls tell me about the service tax
I want to know how to calculate VAT / WCT Liability under composition scheme and regular scheme at Karnataka
What is the eligibility criteria of C-Form(Manufacturing goods of borewell bits, Hammers, Drilling Tools and Air compressors, etc..). If such company will purchase safety shoes, buyer can eligible to issue C-Form?
what will be my tax if i suddenly got 800000 to 1000000 in my bank by chq from sale of an old house?
What is the procedures for withdrawing of form C?
what is the vat rate of Saw dust powder in maharashtra
we have received TDS Certificate (Form No 16A) from one company, we have checked online credited but they not credited to us (online credit)..how can i refund that amount. pls send us letter format
please tell me friends what are the formats of excise return and vat return?
If we issue a new sale invoice after issuing a Credit Note to the coustomer, for the previously issued sale invoice on which Central Sales Tax @2% was Paid previously,whether we will be liable to pay for charging the sales tax on new invoice and pay to the sales tax department.
why charges PURCHASE @ 15 % TAX RATE ?