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More Taxation Interview Questions

What is Vendor Reconciliation and how is it done ?

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I am working as account in one of the logistics company for one year. I would like to know about service tax and how can I post necessary entries

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our customers deduct TDS under sec.194-J and make the payment. we deduct TDS under sec.194-J to clients and pay them professional fees. can we get credit of TDS which we made to our customers and claim for what we have to pay

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When we (Company) deduct surcharge of Contractor (above 10 Lakhs Individual, 1 Crore in case of Company) Pl confirm the meaning of 10 lakhs and 1 Crore. Either it means payment made to the contractor in a year by a company or one & more company (Aggreg. Income). Pl explan in detail.

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Whether sales tax is chargeable on imported goods.

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What is the Difference between VAT and Sales Tax ?

2 Answers  


if my basic salary is Rs. 6000/-. then how much money deposited in A/c no 1;2;10;21& 22.pls show me the calculation in details.

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Is Service Tax chargable by Real Estate devlopers to be charged on the entire cost of the property or only on the service conent of the cost and not on the cost of land and cost of construction material? Can the developers demand Service Tax on installments paid by the buyers before the real sale takes place?

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if bank deduct the tds, it should show in p&l or balance sheet?

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If forth alphabet is f then what is TDS percentage ?

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If a contractor received the service tax amount from client and he also purchase the machinary which is used in construction, than can he adjusted of service tax amount to excise duty amount of machinary?

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