Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / sejal
Deffered tax liablity is a tax liablility arises because of
differences in income as per books of accounts & as per
income tax act.
This difference arises bcz of main two reasons, permanent
difference & timing differences.
| Is This Answer Correct ? | 10 Yes | 11 No |
Post New Answer View All Answers
what is the difference between vat return and return for remittance on value added tax.
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.
How can done the Accounting of WTC ? OR WTC treat (Take) like Service tax credit?
Dear All, We are a trader and doing one E-1 sales. Supplier send the material by To-pay basis, we endorse the LR and sold to Customer. Customer has given the purchase order for Basic amount and freight amount also. That means we have to pay the freight and getting the reimbursement from customer. In E-1 sales Invoice can we show the freight amount separtely as freight ? Since the customer need the freight head should be shown separetly. Or can we raise the separate debit note for this. Is it create any tax implifications in E-1? Please claify the same at the earliest. regards Regards Thananjeyan.P
what is sales tax assesment or annuel return company and how to do end of the finiancial year and what is form no 240.
what is the exise limit in granite manufacturing
If the the material sent for job work in outside state for job work ,what should be service tax chargeable or not if material receipt after job work done to job worker kindly suggestion
Our company refundable ST amount but we dont want to refund amt but i want to adjust that refund amount anywhere
Apply for TDS certificate in bank for rent purpose is wrongly entry as 94C instead of 94I. Is any problem?
Hellow this is ravindra wanted to know about excise duty rates pls suggest
The value of the tax invoice is lesser than the value on the state permit. Is this acceptable.
Rules for filling Income Tax return for a MNC?
Cenvat credit transaction journal entries. And what does the term reversal of credit means
in a company, if employee contributing To PF equal to employer contribution. can he voluntarily stop his contribution while he is in service with that company?
Who is an assessee?
