updated rates of sales tax & VAT in Maharashtra


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can we deduct the tds on purchase of computer, server?

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In an E1 trasaction, if the dealer fails to get the E1form from his supplier& submit it to the Sales Tax Authority, then how much will be the expected penalty from Sales Tax department, if the local tax of those item is 14.5%? Please Note: Dealer has submitted all other documents to sales tax including customer Cform expect E1 form. Kindly give us the valuable answer with the supporting CST circular number.

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What is the limitation for loan from pvt ltd company to other sole proprietor company suppose 25 lakhs given. what is the rule at the time of income tax point of view. Please clarify anybody....

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What is cst if there is C from customer, Sale is from AP TO MP, Product is cooling machine.

6 Answers  


what is tds and why its charged on pament or receipt

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

5 Answers  


My client was sold his residencial flat before few days they will not decide investment in another residential flat what can he invest the money without any tax liability? Can he open capital gain account and will he invest in resident plot in future ? what will exact planning?

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what is income tax?

7 Answers  


what are the forms come in use of a manufacturing company while transferring of goods??

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what is meaning of Bill Discounting & how it done please explaiin me in detail

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Dear Sir/Mam Please send me a return under delhi vat for learning purpose Thank & Regards Sonu Kumar

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Ganesh & Gopal joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Ganesh 90000 Withdrawals of Gopal 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.

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