I have an interview, they are asking direct and indirect
taxes and exp. pls tell me any one regarding this which
type of questions they will be asking.

Answer Posted / mdjahagnir

Direct tax is that which we deduct from vendor like
TDS ,WCt comes under Direct Tax,
Indirect tax is that tax that we collect from vendors
throughout bill like service tax ,when we rais a bill to
the vendors we includes service tax.10.30%

Is This Answer Correct ?    8 Yes 8 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

HOW MANY FORM IS USED VAT AND CST, GIVE THEIR DETAIL E.G WHICH FORM WHERE IS USED. THANKS IN ADVANCE

1478


my manufacture company established in Excise exempted Area. and we pay freight to transpoter.& also deduct service tax.what will be the entry of this transaction. can i adjust this service tax payable from input service tax of telephone bill.

1512


I am an employee in a IT Company. While filling out the form it prompts to fill - Details of Tax deducted at source from Salary (as per form16) and then it again prompts to fill - Details of Advance tax and Self Assessment Tax. if i fill both the columns, i get end result as 2 times of Tax i paid and a refund.

2142


if threshhold limit is crossed then tds is deducted on which amount ? Aggregate or exceeding threshold limit?

1244


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

2019






How to determine TDS on Salary ? what are Limit for HRA ,insurance premium , Loan installment, children education fee etc. what type of Deductions for salary. please Explain Full and complete this concept with one example which cover all aspects regarding TDS on Salary.

1534


We need to know is their any govt notification for VAT & Service both applicable for one item or single invoices

1730


What extra accounts and legal formalities are maintened In excise firm other then normal saling firm.? also tell me tax aspect in Excise firm?

1520


how to calculate tax for the income earners

1628


what difference in motvat & cenvat? and why this prepared?

1781


what is limit of form "16" or "31",c-form & form "11" or 3b during the issued on one time.

2935


What is the Rate of Service tax for Short term accommodation services & Restaurant Services ?

2112


sir mai ek bar cst online tax payment kar raha tha to sar maine tac par na click kar ke interst par click kar di ho mai kya karu please give a anwers

1579


if company is registered in West Bangal and goods are purchased from Maharashtra for export, and export will be done from Maharastra, then who can issue the H form?

1419


Dearlers Margin Received for Direct sale from our Creditor, that TDS deducted for us. How to accounting in my records in Tally ERP 9

1223