Answer / shirisha

All tangible property which cannot easily be converted into
cash and which is usually held for a long period, including
real estate, equipment, etc.

what is the case assesment of sales tax and vat.What is the proof of this case assesment.why we use the challan-c...???? Plz tell me someone...???

0 Answers  

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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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what mean by tds on vat?

3 Answers  

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Whether C Form can be issued for the transactions that made 5-6 years back? What are the procedures?

0 Answers  

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is a pvt ltd. comp. can give advance against salary to his director.

0 Answers   AXA Business Services,

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IS C form is receivable against 0 value invoice issued to customer for promotional items

1 Answers  

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What is RG1 Register, why we make this register and which items shown in this register,

1 Answers  

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What is the Rate of Service tax for Short term accommodation services & Restaurant Services ?

0 Answers   DBS,

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I have purchase one air ticket from a travel agency. They allow 3000 rupees ticket to me for the total ticket purchase.But they debited staturoty TDS to me. I ask them for the legibility of this, they replaied they had received commission from airlines and airlines catch TDS from them and naturally it comes down to sustomers also. But my doubt is Airlines are allowed commission to Travel Agency and Travel Agency are not shared commission-they allowed discount. So is this TDS is applied for me or not?

2 Answers  

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NOW I WANT TO FILE THE INCOME TAX RETURNS. I AM A SALARIED PERSON WITH NO OTHER INCOME. SHOULD I USE SARAL 2( ITR-1) FORM ASSESSMENT YEAR 2010-11

4 Answers  

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Cst 1% is applicable for which state in india/

1 Answers   Fresho,

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Please tell me the minimum exemption limit to applicable Fringe Benefit Tax.

6 Answers   Genpact,

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