Taxation Interview Questions
Questions Answers Views Company eMail

The Bank FD matured. The amount was Rs.500000, Interest was Rs.25000, The TDS was 10%, What is Journal Entry for this.

11 47924

Sir, An Awarder make part payment to the Contractor after deducting retention money @5%. The retention money will be paid to the contractor when the contract work is fully completed. Here my question is,when the Awarder has to deduct tax on retention money, at the time of deducting the retention money or at the time of payment of retention money when the contract is completed? Here "Tax" means Income Tax, VAT, Service Tax etc. Please reply Thanking You

2 6652

What is the Processing to Get TIN (Sale Tax No.) and what the Charges to get it....and in how many days i can get it...from Sales tax Department...Please resolve it Soon...

2 6034

What is the meaning & definition of "THRESHHOLD LIMIT" in TDS?

8 32446

There is a Service Bill of Rs.50,000 & Service Tax added 10.30% & We have to deduct TDS @ 2%. Assume that Service Tax Input Credit available to Ur Co. What is the Journal Entry for this?

A Cube Solutions, HCL, Motorola,

23 60045

what is the difference between vat 100 and vat 120?

2016

V R MAKING COMMERCIAL CUM EXCISE INVOICE,THEN HOW INVOICE NUMBER CAN BE GIVEN COMBINDLY OF TAX INVOICE/RETAIL INVOICE AND EXCISE INVOICE.

Jade Software,

2 4909

Any body give journal entry for this PURCHASEA/C DR 500 S.TAX 50.0 SUNDRY CREDITOR 450.00 AND Which amount i taken in purchase ledger and which amount i taken in s.Tax ledger and which amount i taken in sundry creditors ledger wat are the details i require to maintain with regard to submitting of s.Tax return

3 4112

I have recived four c form for a fainancial year But c- form not in proper series For Exaple- c-form no. 1 for 1st quarter & 3 For Second Quarter 2nf For 3rd Quarter & 4 For Fourth quarter Please Tell Me Can I summit This Form in sale tax office in no Please tell me solution for that condition.

2 4059

what diff. between Account ,Commerce and Finance?

India Infoline,

1851

At present what is the rate of excise duty on sale of Weigh Bridge Machinery to out of state from Karnataka.

IBM,

1949

Can CST credit be claimed on CST paid? Is there a concept like Cenvat credit in CST just like in VAT?

1 12158

Can we deduct WCT TDS on Interstate WORKS CONTRACT , Example, Contractor is in Banglore, he has completed work in Mahrashtra which involved Civil work, Furnitures, fixtures & labour etc, Contractor has raised invoice on service receiver adding 13.50% full CST +4.12% Service charges on Total invoice amount, kindly clarify whether Service receiver is eligible to deduct WCT TDS in Maharashtra on invoice value of the contractor, if yes at what rate ?

Quest,

2 16302

Can the CST payments be adjusted with the VAT credit .

5 7736

complete entries for central excise required of a manufacturing product required. some industries asked me in interviews. are there any returns other than monthly filing

1 4144


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Un-Answered Questions { Taxation }

should pranav mukherjee has done things good, by giving burden to vodafone a huge tax liabilty.....it will not affect our fdi???

1540


WHAT IS FORM AND OTHER REQUIRMENT FOR FILE EXCISE RETRUN AND HOW WE FILE EXCISE RETURN ?

1379


WHETHER VAT IS APPLICABLE IN FIRMER TRACTORS ? WHETHER VAT IS APPLICABLE IN NORMAL TRACTORS ? PLEASE NOTE THAT I HAVE PURCHASED IT BY PAYING VAT.

1794


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.

1455


What is FBT & Service Tax Remittances?

1769






I want to know how to calculate VAT / WCT Liability under composition scheme and regular scheme at Karnataka

1786


SELLER A : has a w/house in chennai and bangalore both and the BUYER B is based in chennai. SELLER A carries stock in both the locations. Can BUYER B buy who is based in Chennai request purchase from Bangalore through C-form .. and if so will there be any obligation on the Seller A

1155


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

1368


We made full payment to contractor and forget to deduct TDS on that.Now contractor ledger is fully settled and we have to pass the TDS entries on that. Kindly guide rectify the entries on tds

1713


Where can i get IFAM Banglore details, i came to know that there they are giving Accounts & Taxation Training on Real Projects, and they are providing Job after training. I got one number that is not reachable i.e 9591777526. Please give me if any one knows this Institute details.

1485


What is excise & service tax? What is the difference?

592


how many sale tax charged on the billing for central dealer by uttar pradesh dealer at furniture items ? & how many sale tax charged for u.p. dealer by up dealer ?

1616


how we can access the Tax Deduction through PAN ?.

1524


updated rates of sales tax & VAT in Maharashtra

2364


wht do you mean by copmosition of tax

3061