Answer Posted / abhishek kumar

STT is a tax levied when any body do transaction
in stock exchange.It is levied both on sale and purchase.
The tax rate is differednt for different type of
transaction and the profit earned on securities are
absouletely tax free when STT has been paid.
Tax rate also various on type of transaction that is
delivery bassed or non deliver base.

HOW THE INTEREST WILL BE CALCULATED IF WE MAKE INCOME TAX RETURNS LATE AND WHAT IS MEANT BY YEAR END?

2570

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What is the difference between the excise duty and the sales tax?

1183

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IS THERE IS ANY EXUMTION FOR THE NEW CONCER TO NOT THE DEDUCT TDS IN THE 1st YEAR OF ITS INCORPORATION IF THE TURNVOER EXEED THE SPECIFIED LIMIT IN THE 1st YEAR.

2427

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Daily announced price of Gold. this price is included vat ya without vat. pls give me solution.

1699

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what is reverse credit & how it is calculated in vat law in west bengal?

9059

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sir, please suggest me. If in case work contract, wct not deduct by principal contractor then what is the consequence ? I mean please clear me if the principal contractor not deduct wct then is the contractor (sub) liable to pay wct ?

1707

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I plan to buy a new flat in Hyderabad which has never been registered before. Area of the flat is 1115 Sq. ft. I intend to know the following things.1.) what should be the amount of registration?.2.) Is there any VAT. If there is VAT what is the percentage?.3.) Is there any service tax. If so, what should be the percentage? as per F.Y 12-13 rule

2456

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Provision entry for current Year Income Tax A/c ----Dr To Income Tax Payable A/c Adjustment entry in next Year Income tax payable---Dr To bank A/c kindly tell me which head of income tax a/c and income tax payble a/c

1826

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Does the tax liability of an individual get affected due to his residential status? If yes, explain.

1099

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What will be the planned expenditure in the budget 2009-10

2376

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which is the first liability for pay Service Tax to GOvt

1909

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Which income is considered as accrued income?

1126

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if a buyer paid full cst 14.5% for a redistrable assect then whatis the registration process?

2191

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I paid service tax double time due to web site problem for the year 2009-10, is there any chance to claim that amount if yes please tell me the process. thanking you.

2148

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I am a civil Engineer consultant. On an item for example Rs.100, I am adding 4%WCT ie., Rs.4 and I am certifying the contractor bill for Rs.100.00 + Rs.4.00 = Total Rs.104.00. But my client is deducting 4% on Rs.104.00 ie., Rs. 4.16. So, finally contractor is losing Rs. 0.16 on Rs. 100 which amounts to lakhs on the project value. Can you please guide me on this? Santosh Kumar

2248

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