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difference between rebate and deduction
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REBATE IS THE REDUCTION IN TAX LIABILITY
DEDUCTION IS THE REDUCTION IN TAXABLE INCOME
| Is This Answer Correct ? | 30 Yes | 3 No |
Answer / jaya jain
rebate is reduction in tax liablity and deduction is
reduction from gross total income.
| Is This Answer Correct ? | 16 Yes | 4 No |
Answer / kkkill
deduction is an off invoice reduction in price
rebate is an after invoice reduction in price
| Is This Answer Correct ? | 4 Yes | 1 No |
When VAT 14.5% is applicable and when Work contract tax 4% is applicable? Is both are same?
For the Quarter Oct-Dec 2008, we hav to give the service tax purchase bills and Sales bills whose payment are cleared in that particular quarter. if i missed any of the bills for the filing? shall i submit the missing bills inthe next quarter(Jan - Mar 09)?
what is rate of sale tax and vat
I have some queries about Service Tax, I am working in a Insurance Broking Company. 1) We have raised one bill on 25.04.09 for the services provided by us in the month Mar, 09 Now We received the chq on May, 09 followed in the Month of June,09. When the service tax is actually payable in the month of received of Service tax amount or in the month of services actually provided by us (Mar09) 2) Can we take 100% credit of Service Tax Input paid to those who provided services to us. Suppose Service Tax payable is Rs. 100/- and Service tax charged by the other firms/company Rs. 80/-. The question is That can we deduct Rs. 80/- (already paid). Now Net ST payable would be Rs. 20/- or other percent of service tax input is available 3) What is the rate of interest for Service tax if not paid on time. Pls help me out asap
0 Answers ABB, Chartered Accountant,
i have a bank statements for a xyz company, how did start Bank Reconciliation Statement, what is the concept of BRS and what is the steps to follow up the BRS. can u told how to do brs in Excel easily. please solve my question.
Contractor Limit of TDS Deduction is Rs. 30,000/-, After limit if I receive another 10,000 amount bill then I have to deduct TDS on total 40,000 or only on 10000/-. Pls advise
WHETHER VAT IS APPLICABLE IN FIRMER TRACTORS ? WHETHER VAT IS APPLICABLE IN NORMAL TRACTORS ? PLEASE NOTE THAT I HAVE PURCHASED IT BY PAYING VAT.
If an employee joins a new company, who is liable to transfer his PF amount from old company to new company, and what is the process for that ?
2 Answers Shanker Infra And Allied Services,
which is the payment date & return fileing dates of PF, PT,ESI,TDS,Service TAx and IT in Karnataka
how will one calculate TDS when the bill is with service tax (SAY an AMC bill ) and what treatment will be there when it is a rent bill with service tax. is there any rules in income tax as to deduct double taxation?? pls help with rules sir
what is the diffrence between tds and vat?
16 Answers Accenture, GMR, Tata Lockheed Martin Aerostructures,
Can PF rate below 12%, if an employee want the deduction at lower rate ?
Audit 
