Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / mr. lovish hasija
when something you buy from an authirized dealer, then he/she puts the tax in the form of VAT
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
i have recently joined a bank as probationary officer.i ant to know hich of the two options bellow will be benefitial:- 1.receiving HRA or 2.receiving lease rent from the bank.
Please explain how to pass entry for VAT setoff and Service Tax Credit?
What is the Rate of Service tax for Short term accommodation services & Restaurant Services ?
interest paid to bank rs. 15000 in connection with overdraft obtained for paying dividend.
can we purchase software agaist Form under In the telecommunications network; or
witch taxes are calculate in CENVAT for Gold ornaments ?
What is cenvat credit?
is it necessary to use form38 in UP for purchase of goods from outside UP @5%CST Tax
How to calculate entry tax ??(In karnataka) Pls advice me complete computation details.
what is cenvat credit? plz tell service tax interest rate and watz it procedure...
What's format of CMO & CMA Data?
IF I HAVE PAY COMMISSION TO LOCAL AGENT RS-5000 THEN HOW MUCH I WILL DEDUCT TDS & IS PAN CARD REQUIRE
Ganesh & Gopal joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Ganesh 90000 Withdrawals of Gopal 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.
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
Our firm is 7 years old. We don't have PT registration for partners as well as employee. If we do it now, will it be a problem or how much penalty will come. Any one can give suggestion.
