Answer / niraj prakash (ffil)

Tax assessment means Tax assessed by the Tax collection
departments ensuring that your financial statemnts has a
True and fair view and whatever Income stated therin is
True and correct.It is a process done by the Tax
departments after filing of Return of Income.Different Tax
collection departments has different procedure of Tax
assessment as per the relevent act.

Answer / santosh kumar pattanaik

Tax assessment means it is a tax of previous year which we
have to pay in this year as per income tax law. under
section 200.
For the assessment year, income tax is paid on total income
earned during the preceding financial year. This period is
referred to as the previous year in the Income Tax Act. The
present information is applicable to the financial year
beginning on 1st April 2008 to 31st March 2009, relevant
for the Assessment Year 2009-2010.

Also you can get more information as given below link.

http://law.incometaxindia.gov.in/TaxmannDit/DisplayPage/dpag
e1.aspx

Please tell about Work Contract Tax and How much % to be deducted, Which type of contractors come under this WCT and what is the procedure after deducting the Tax.

2 Answers  

---

HOW MANY FORM IS USED VAT AND CST, GIVE THEIR DETAIL E.G WHICH FORM WHERE IS USED. THANKS IN ADVANCE

0 Answers   Bharat Seats,

---

at what percentage of tax is collected for non submission of 'c' form by the commercial tax authorities

2 Answers  

---

I want to know that can we get input vat credit against tax invoice/retail invoice/& commercial invoices. Our auditor is saying that only tax invoice is libel for vat input credit. But many parties issue us retail invoice & commercial invoice.

2 Answers  

---

what is difference among VAT, CST and sale tax

14 Answers   Sulux Phosphates,

---

hi,when i am posting an entry on service tax it is not showing the business area.please guide me how to configure the business area so that the entry also shows the business area.please help as i need to configure it.

0 Answers   India Infoline, TCS, Wipro,

---

prove that 5 _ 5 _ 5 = 250. You can use all the four sign (+,-,/,*)and also square or get the square root. but prove it

5 Answers   PWC,

---

What is RITC and how it is calculated?

3 Answers  

---

if i use CST@12.5% for a registered dealer then i use surcharge @5% on CST@12.5%. it is right or wrong? plz suggest me

2 Answers  

---

E payment is valid for Income Tax only or can other payment will me made?

1 Answers  

---

What is TCS? On Which it is Computed.

8 Answers  

---

if we are deducting TDS on sodexo .4% means , wht the surcharge & cess in that

1 Answers   IonIdea,

---