Interested to Buy Any Domain ? << Click Here >> for more details...
difference between rebate and deduction
- 3 Answers
- 12342 Views
- IBM, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
Sms service provider's bill (tds applicable or not)
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,
What is the difference between SALES TAX and VAT?,When we'll pay VAT?,and when we'll pay VAT?
What is the limite of deducted of WCT & how we fill the return in Haryana
PURCHASE OF FIXED ASSETS THAT PURCHASE TO CLAIM THE VAT PAYMENT ?
#IS IT NECESSARY TO COLLECT T.C.S ON EVERY POINT OF SALE# THAT IS IF MANUFACTURER SOLD ANY OTHER FOREST PRODUCE NOT BEING TENDU LEAVES (T.C.S @ 2.5%)TO TRADER,IS IT NECESSARY FOR TRADER TO DEDUCT T.C.S.MANUFACTURER ALREADY CHARGED T.C.S TO TRADER & ISSUED TO TRADER 27-D FORM.WAITING FOR CLEAR CUT REPLY
TDS rate for Building Maintenance ????
if there is no express contract between parties,but makes no. of payments to a particular party and those payments exceeds the limits prescribed(i.e 20000 or 50000 as the case may be)is tds applicable for the same?
what is roc which works roc
i HAVE MANUFACTURING UNIT IN KARNATAKA & I HAVE DEPOT IN KARNATAKA ON WHICH VALUE SHALL I PAY ENTRY TAX ON STOCK TRANSFER VALUE OR DEPOT SALE VALUE.
what is the rate of (194h) TDS
If we purchase material against Form-C from Mumbai and two address mentioned in the invoice i.e.invoiced address - Delhi and Shipped address-Banglore(material delivered address).So,from-C should be issued from which state.
Audit 
