till the discounted bill is paid by acceptor it, remans 1)a contigent liabilities for the acceptor 2)a contigent liabilities fot the drawer 3)a contigent liabilities for the bank 4)a liabilities for the drawer chose correct answer with detils.
1 3088I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 - 0 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?
1 3015x invesment in mutual fund 45000, and recd dividend of mutual fund 5000 with in year, also investment only for one year. i f final the balance sheet then how closed it?
1 3159UNDER CST IF WE PURCHASE GOODS ON 26 JULY 2010 AND GOT THE DELIVERY ON 4 AUG 2010,ON WHAT DATE SHOULD I ENTER THE BILL IN TALLY.
4 5573Can we issue "Form E1" to party for same state? If yes please give procedure for invoiceing
BOC,
2 7228i paid tds through my bank account but i entered the assessment year as 2010-11(the current year) instead of 2011-12(actual assessment year). what is the remedy for this. how do i get refund for the wrongly paid sum. or is there any way to currect the assessment year?
1734NOW I WANT TO FILE THE INCOME TAX RETURNS. I AM A SALARIED PERSON WITH NO OTHER INCOME. SHOULD I USE SARAL 2( ITR-1) FORM ASSESSMENT YEAR 2010-11
4 6202In the Balance sheet of a company you see the following details, Liabilities: Provision for tax - AY 2008-09 RS 200000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 Assets: Advance Tax- AY 2008-09 RS 150000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 On 15-03-2011, the assessment order for AY2008-09 was received and the final tax liability was stated to be RS 250000. Pass the journal entry for the closing of the relevant accounts in the books for the AY 2008-09.
1436What is the procedure to intimate Change Name of Business in maharashtra Vat Act, which form to be fill.
2447if the goods are purchased against H Form, is there any specified time limit winthin which they should be exported?; if yes then wat is that limit?
2 4404We are purchasing machinery from Mumbai supplier. Deliverable in Jamnagar & invoice is on our name (Maharashtra). Can we issue 'C' form?
4 5764
How is income tax calculated?
Dearlers Margin Received for Direct sale from our Creditor, that TDS deducted for us. How to accounting in my records in Tally ERP 9
how we calculate the tds on salary.
Define assessment year.
treatment of Service tax and TDS
Who advance tax is the asset for company? What are the accounting entries of advance income tax
How to reconcile a Vendor who is a supplier as well as a Contractor?
How much is the tax & surcharge % against d-1 form. on cement,steel,electrical item,RMC,
is a pvt ltd. comp. can give advance against salary to his director.
What are the deductions under salary head? Name the items.
What are all include taxation...? What is to be noted in the taxation...? Hints would be highly appreciated.
What is the difference between Indian and us taxation
If we issue a new sale invoice after issuing a Credit Note to the coustomer, for the previously issued sale invoice on which Central Sales Tax @2% was Paid previously,whether we will be liable to pay for charging the sales tax on new invoice and pay to the sales tax department.
explain the special provisions for computing profit and gains of retail business
Any body tell me about VAT (Karnataka)shortly because, iam reading vat book but iam not able to understand that. if any body tell me shortly about karnataka vat, retursn, tax collectng, tax payment, CENVAT utilizing etc. pleseeeeee
