What is difference between traveling and conveyance?
Answer / ishan
Traveling alowance is when an employee is gone out of station 4 work related to employers business....
& local conveyance is d reiumbersment of expense incured during d city ... ie. intercity traveling...
| Is This Answer Correct ? | 25 Yes | 2 No |
Actually we had Posted P.V.C bills to Indian Railway the total bills amount is Rs.10,00,000/-, and government had passed only Rs. 8,00,000/- and gov. had said that there are no more P.V.c bills are lying outstanding in their a/c, so for now are claiming Rs. 2,00,000/- as loss on sale, i m totally confused what would be the impact on the Profit and loss a/c , and in which group it will come,if I do a entry of:- dr. Central sale @12.5% a/c Rs.2,00,00/- Cr. Loss on sale a/c Rs.2,00,000/- or Will i adjust the Cst@12.5% on Pricipal Value, or will i pass on the entry on total amount i.e Rs.2,00,00/- Plz guide,me soon.
How now about sales tax and purchase tax.what is the persentage of those thing in tamil nadu.
suppose i joined a company 8th April 2012, and my ctc is 300000 pa. then which tax employer deduct tds or pf and haw much tax deduct pm, where tax exemption limit is 2lac
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