Answer Posted / mudunoori

Sajeer saab You did a mistake in the second answer. Prepaid
insurance is an adjustment entry to be passed in the year
end. Insurance was already paid and entry was passed . with
your entry cash will be unnecessarily reduced to the tune
of 5000. So once again verify your answer and question. The
right answer is
Prepaid Insurance a/c Dr
Insurance a/c
(Prepaid insurance was created and reduced from insurance )

What are all include taxation...? What is to be noted in the taxation...? Hints would be highly appreciated.

1871

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meaning of accessory for central excise purpose

4463

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We have a constructed a goverment approved textile park in year 2007. will we have to pay Service Tax on that Construction Service?

1886

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I am working in footwear company at Himachal Pradesh. we want to send raw material - (leather) for Job work our other branch. now my question is that will have we any permission taken from excise & sale tax deppt.

4932

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wht do you mean by copmosition of tax

4043

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Our Company dedduct TDS on the collection charge and claim (rate diff claim, scheme claim, collection charge means , if any party take material directly form our store our company give them frieght charge and deduct tds@10.30%). my question in what category of this type of TDS decution ? is it payment to contractor or what ?

2159

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Under the provisions of the BST Act, no registered dealer is allowed to collect any amount by way of tax in excess of the amount of tax payable by him. Excess tax collected is to be forfeited to Government. However i want to know whether tax payable amount is the amount before the set off claimed or the tax payable amount after availing the set off.

1950

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what is the detail procedure to filling ITR-I,ITR-II AND ITR- 1V V1 IE e-filling procedure

2171

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We made full payment to contractor and forget to deduct TDS on that.Now contractor ledger is fully settled and we have to pass the TDS entries on that. Kindly guide rectify the entries on tds

2310

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Excise duty applicable for Handmade Production?

3562

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Sir, We purchased coal from NCL on CST basis. An incentive is paid on the basis of performance basis of NCL. NCL Raise there incentive bill for Rs. 1000+CST2% Rs.20 Total Rs. 1020/-. But As per Our Calculation, Incentive bill should be Rs. Basic 900+18 (CST)total Rs. 918. We argue and disputed and paid only Rs. 918/- . After Some time they also agree that incentive amount should be Rs. 900+CST but Now they revised the bill like this Basic Incentive Rs. 900+CST Rs.20/- (Original Tax value). And now they are demanding C for with CST 20/- but our pleas is that we are not liable for the mistakes made by the NCL and will issue C for for Rs. 18 Only. Now They are demanding C for for difference of Rs. 2 of CST. My Question is what should be the actually value of C form for CST ie. Rs. 18 or 20. considering the fact that we accounted only rs. 918/- in books and disputed is resolved after one year for basic value.

1981

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can penalty be imposed under sec 96 of vat act west bengalfor goods destroyed or damaged

2428

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Define deferred tax liability? What items come under deferred tax liability?

1223

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what is the difference between vat 100 and vat 120?

2512

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which date Entry Tax has been started by Himachal Govt. and Please let us know the which act under Entry tax comes

1961

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