Answer / parveen kumar

suppose Mr. x is an employer in gupta pvt com. he is provide a air cell service in India. he is earn income on 300000.so that tax is collected from x employer.
Tax Rate = gross amount charge*Rate of Tax
----------------------------------
(100+Rate of tax)
Tax Rate = 300000*10.3
-------------- = 28014.00
110.3

Answer / venkatesh

service tax based on particular work

example

in case Mr A company sold particular goods to Mr b company,
sale of goods worth rs 100000
(service tax calculation on bases of )

100000*12.36=12360
100000+12360=112360

net value= 100000
service tax(12.36)= 12360
grand total = 112360


now Mr A should pay rs 12360 amount ,to service tax
department through bank

I have doubt on Input VAT & Output VAT (incoming vat / outgoing vat) I have a HMS software, where we have interface to tally erp. When we import the transactions to Tally from HMS (Hospital Management System) All the purchases what we do for a period, the tax paid on these purchase are showing as out going vat. Similarly when we do the sales of those purchased items through HMS, tax collected from customer is showing as incoming vat. Is these are correct terms what they had mentioned in HMS? Please help me out.

0 Answers  

---

is TDS applicable on Sodexo coupons?

1 Answers   IVY Technologies,

---

How to calculate the interest on housing loan for an LET OUT PROPERTY?

3 Answers  

---

I am working at Himachal Pradesh, let me know cant i adjust entry tax in vat? if no then why or yes, please exlain.

0 Answers   ABC,

---

#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

0 Answers  

---

What will be the planned expenditure in the budget 2009-10

0 Answers  

---

Please help me to find VAT Rates of the follwing Items in A.P 1.Fiber Glass -CSM -Roving W.R Polyster Resin G.P{general purpose)Roofing,ISO Thanks & Regards Mohan .V

0 Answers  

---

what is the entry for creating DEFFERRED TAX ASSET OR LIABILITY......? one aspect we r db/cr deffered tax.what is d another aspect??????????????????????

1 Answers   Divya Co.,

---

i am working in a construction company. my question is can we claim VAT paid on items like (i. e . Vat paid on stationery, purchase of printer catridge etc exp for official use. indirect exp.) ?

4 Answers  

---

what is Direct and Indirect Tax? can any body tell me with example.

8 Answers  

---

Can any one clearly difine what is Works Contract with suitable exemple

2 Answers  

---

please send me andhra bank clerk xam model papers

0 Answers  

---