What is FBT? please guide me with the example
Answer / trupti
FBT is Fringe Benefit Tax. FBT has been cancelled from FY
09-10.
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We are Work Contractor. Presently we are under going a infrastructure Project of common wealth Games in Delhi. I want to know that how much wct will be chargeable on this project work???? we are generally using material like, aggregate, coarse sand, bricks, rmc, cement and our labour.
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
what typae of accounts?
what is rules of taxation
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 ?
why tds is considered as asset
what is city commodity tax
how many form 38(Road permit) can issue in one month or in one time
what is the procedure for Excisable goods transfer from Head office to branch and vice versa (the branch is located in the same state) also if the branch is located in other states. How will it affect the VAT returns
Please tell me about service tax? And service tax latest rate?
30 Answers CDS Technologies, Decoplast, Goods Transport, Jay International, TATA, The Institute of Computer Accountants,
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.
what is the difference between FBT and Income Tax.both are interrelated with each other or not?if not then why