Beginning Balance, Dec. 31, 20xx Creditable Income Tax 211,829.00 Income Tax Payable (132,808.00) > Balance 79,021.00 ITR (1st Quarter) - Jan. 31, 2016 - Mar. 31, 20xx Normal Tax (30% of Taxable Income) 2,205.02 MCIT (2% of Gross Income) 7,865.71 Aggregate Income Tax Due (Normal Tax vs. MCIT whichever is hihger) 7,865.71 Less: Tax Credits/Payments Prior Years Excess Credits 79,021.00 Creditable Tax Withheld - 79,021.00 Tax Payable, per return (71,155.29) What should be the entry in my book to record the above transactions? Thank you!

0 Answers  

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what is the tretment if we paid service tax wrongly in different service tax head ex. commissioning , repairs & maintenance.our liability for commissioning but we paid some into repairs & maintance . what can i do in this situation

1 Answers  

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Why service tax payable is not considered while calculating Wct Tds.

1 Answers  

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What is the difference between Advance Tax and TDS?

17 Answers   Godrej, Reliance,

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i am work in partnership firm. i recd. the bill of security charges & Labour charge contain service tax. whose amount will be taken for tds deduction befor service tax or after service tax.pls guide me what's will be the entry of these transaction.

2 Answers  

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If there is differance in value written on the road permit (along with transfer invoice) and the tax invoice (which is generated after dispatch of material)for inter state sale (specially uttarakhand)which value to be consider for C form?

2 Answers   ABC,

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What is the TDS percentage advertisement

9 Answers   ABC,

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is tds applicable on octroi charges?

1 Answers  

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TDS RATE ON SALARY FOR THE A.Y 2010-2011?

9 Answers   Exide,

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WHAT IS THE FREQUENCY OF FILLING OF SERVICE TAX RETURN?

7 Answers   Crossword, Progressive,

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Differentiate between financial year, assessment year and previous year?

0 Answers  

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kripya form f ke bare me bataye, aur eska entry kaise karna tally me ye baataye

2 Answers  

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