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.

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

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What are the capital gains exempt from Tax?

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My client has not filled income tax return for ay-2013-14

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What is a service tax?.How to pay the service tax return?

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Procedure to file TDS Returns?

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1. How to calculate vat @4% on a bill which also suffers Service Tax @ 10.30%. ie. Whether i hav to calculate on the basic or on the sum of Basic + service Tax. kindly clarify in this regard immdly. because som part of people says it sholud b calculated on the basic, another part of people says it should be calculated on the sum of Basic + Service tax.... 2. when we deduct TDS for the invoice? ie. In the invoice which suffers Vat & also Service tax or the invoice which suffers only Service Tax? Kindly clarify me immdly.

3 Answers  

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can any one explain why tds receivable comes on loans and advances(assets)..?

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What is Labour Cess? Pl. define. & what is rate of Labour cess.

0 Answers   Afcons, PWC,

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What qualification require for become a tax consultant ? what the future in this..???

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what is procedure of calculation of TDS by bank?

0 Answers   IBPS,

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while prepairing the quarterly retun for 26Q a validation errer is coming and cannot create the fvu file. The Challan details are NIL.The message is T-FV-1029 Invalid Challan Input file.

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