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Taxation Interview Questions
Questions Answers Views Company eMail

What is the journal entry for tds certificate received by the company debtor

Enrich,

6 16416

I am a newly appointed consulting engineer to a coirporate infrastructure company.I am offered a consultation fee of Rs.!500000(fifteen lakhs) per annum. My question is for the purpose of working out the income tax what is the gross income.Is it the balance of the fee received less the service tax paid ?

1 3713

Dear Sir please give the answar for the following question. What is the CST rate, if C form is fail to file after issued final Assessment Order. Because our commidity is @ 4%. But in the assessment order they are demanding @12.5% tax to which c forms are not submitted. for this issue what is the rate applicable.

1 4024

what is the tax that is levied if company crosses 1.5 crores turnover

1 5163

One of my party i.e. ABC (prop. firm) is providing repairing/alteration service relating to Comm. Construction.. (not new construction), they have provided a repairing/alteration service to one co-op. bank...i.e. XYZ………. At the time of audit by central excise dept., officers has asked/directed to bank to pay the service tax by the ABC (for year 07-08 & 08-09)..... Now, my question is …..:Is my Party ABC liable to pay the service tax ?

ABC,

2 4344

What is the commitment to the bankers against L/C ? They need any colletral Security or any deposit ? What is terms & conditions of L/c?

2466

what is the prime cost? and factory cost how to calculate it?

2147

There is a sales return in the month of April'09, we didnot take input credit for such return. shall it possible to take now? what the time limit to take such sales return input credit in VAT?

Genpact,

2 5598

Form No.27A, I think it is a TDS oriented Form. But for what purpose and why this Form is use?

3 15399

What is the difference between a TDS and an income tax?

TATA,

7 11537

we charge service tax in our Invoice.we pay it in time. At the end of the year other party gives his deduction as certificate. what to do with it ? how to submit again to tax authorities?

1912

what are CST,VAT ,TDS, Service tax .how they are applicable?

3 19916

what is waybill ? when we supplied a machine to Gujarat from Hyderabad they asked waybill. How it is different from consignment note?

2 9324

what is PBT? FBT? how they are calculated?

1 7909

is the company liable to deduct and pay professional tax for directors?

5 30621


Post New Taxation Questions

Un-Answered Questions { Taxation }

WHAT IS CORPORATE TAX ?

2278


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

2329


what is WCT rate in chhattisgarh

3383


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.

2100


If we are placing the order in amazon on behalf of the customer who is ordered from other e-commerce sites and the goods is directly billed to the customer address from the amazon sellers and for the same we are receiving some profit at that in our books of account what entries need to be passed...?? do i eligible to get the ITC on the GST amount paid..??

1521


can penalty be imposed under sec 96 of vat act west bengalfor goods destroyed or damaged

2366


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.

2558


Which income is considered as accrued income?

1071


what is cost taxation

2069


What are the various forms used for VAT?

3251


for applying way bill for to send the materials from one state to onother state for a part load ( not full exclussive truck load)through transporter,dose it required vehical registration number or only transporter details can do.(as for part load , transporter unable to inform the vehical number in advance).kindly advise.

1968


What will be the planned expenditure in the budget 2009-10

2331


When & how vat audit takes Place in haryana. Is Scrutiny & vat audit is same?

4048


AS PER VAT AUDIT WE HAVE REFUND OF RS.25000/- ON PURCHASE OF FIXED ASSETS WHICH WE DID NOT CLAIM LAST YEAR, NOW WHAT ENTRY SHOULD WE PASS IN BOOK. ITS URGENT

2160


What items fall under the category of ‘securities’?

1048