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Taxation Interview Questions
Questions Answers Views Company eMail

What is the difference between excise & service tax?

1147

What do you understand by dissolution of firm?

1129

If a nri buys property in india, does he has to pay property tax?

1119

Can a person fill a nri in an income tax form if he has been out of india for six months though he is indian citizen?

1087

Define the term person?

1106

What do you mean by fair rent?

1197

Define deferred tax liability?

1184

What is permanent account number (pan)?

1150

How will you calculate house rent allowance (hra)?

1084

Who is an assessee?

1202

What are the deductions under salary head? Name the items.

1101

Explain the procedure to calculate provident fund, esi, vat and sales tax.

1165

Define assessment year.

1185

Define previous year.

1057

How is income tax calculated?

1095


Post New Taxation Questions

Un-Answered Questions { Taxation }

Provision for Service tax, Income tax and Sales tax

2119


If I have bought goods from a seller in India and finally exported it to some other country, my understanding says I have to issue form H to seller to get cst exemption. My question is wether Bill of lading is must to be given to seller or not bcos if I give bill of lading to the seller from whom i haave bought material confidential information will go to seller as bill of lading will have buyers details...pls guide how to overcome this issue.

1993


taxes leivied on carpentar & plumbing services

1694


WHEN FORM VAT R-2 USE?

2126


What are Excise Duty rates for Fin.Year 2009-10 for Pesticides and Chemicals Industries.

2374


How can deduct tds from auction cases (timber)

2008


what is the percentage of vat like 4 % , 12.5 % etc ? how can do closing stock valuation ?

2162


What do you mean by vat, vat registration total cost hydra bad in which places

2022


what is the difference b/w deferred tax exp and defeered tax liab? should Deffered Tax expense be deducted b4 computing Net profit?

2158


Is sales against H Form Either in Punjab or out of Punjab treated as Zero rated sales in vat 15 form in Window showing as Break up of Zero rated sales: Direct export out of country; Sales against H Forms Or it is treated as seprate

3644


Explain long term capital gains and how is it different from short term capital gains?

1154


In 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.

1816


If a person got gold by wining a lottery and TDS on the gold value was not deducted by the deductor. After getting the gold, the person tranfer the gold to his daughter. After reading the provisions of the Income Tax Act, 1961, you are required to state that who is liable to pay the tax on the value of the gold? and is there any liability of the Deductor towards non-deduction of TDS?

3322


vat return dates for uttrakhand

2623


Hi, I am a VAT/CST dealer in Pune. I had got a work contract with other AP state government. can i purchase material in AP state on 2% CST on issuing 'C' form and supply the same material to the AP state government on VAT /CST 5%. As the government departments are not issuing 'D' forms. please guide.

2212