Answer / nandakishore ambati

Tax on income of previous year is usually made on the
assessment year. To avoid tax evasion, the Income Tax Act
has made provision to collect tax by way of Tax Deduction at
Source (TDS) and Tax Collection at Source (TCS).

CAN TWO VECHILE PASS TO RAJASTAN FROM NASIK ON ON ROAD PERMIT

0 Answers  

---

What is the procedure to intimate Change Name of Business in maharashtra Vat Act, which form to be fill.

0 Answers  

---

Dear sir i am a contractor and making a invoice for Rs. 1500000= in which 1200000 for material and 300000 for labour charges how should i make a invoice with material and what will for format of invoice, if i make separate invoice for material and separate for labour charges what service tax and sales tax chaeges will be. and what TDS will party deduct on my bill. pls answer as soon as possible.

2 Answers  

---

what is the treatment of minimum alternate tax, and it's calculation procedure

5 Answers   HCL,

---

Sir, We purchased coal from NCL on CST basis. An incentive is paid on the basis of performance basis of NCL. NCL Raise there incentive bill for Rs. 1000+CST2% Rs.20 Total Rs. 1020/-. But As per Our Calculation, Incentive bill should be Rs. Basic 900+18 (CST)total Rs. 918. We argue and disputed and paid only Rs. 918/- . After Some time they also agree that incentive amount should be Rs. 900+CST but Now they revised the bill like this Basic Incentive Rs. 900+CST Rs.20/- (Original Tax value). And now they are demanding C for with CST 20/- but our pleas is that we are not liable for the mistakes made by the NCL and will issue C for for Rs. 18 Only. Now They are demanding C for for difference of Rs. 2 of CST. My Question is what should be the actually value of C form for CST ie. Rs. 18 or 20. considering the fact that we accounted only rs. 918/- in books and disputed is resolved after one year for basic value.

0 Answers   NTPC, XYZ,

---

i am newly started cement distribuition company how to maintain salex tax account in tally tnvat format recently its changed @14.5% pease any one post this answer

2 Answers  

---

Hi, I am working in MNC, I Want to Know about TDS. What is Deposit date of TDS for all categaries & Which challan or Form What is date of Submit tds return quarterly for in a Company & Which form fill up

0 Answers  

---

What are the accounting entries to be passed for TDS if person who is assessed is a Firm (or) Proprietorship (or) Company (or) person? Eg: I (CDE & Co) paid Rs. 1,00,000/- through ICICI Bank after deducting 10% of the amount (Rs. 10,000/-) as TDS (Tax Deducted as Source) to “ABC & Co” (i would like to know the entry to be posted in "CDE & Co" and "ABC & Co")

1 Answers  

---

Can I know the full description about capital and revenue in nature? and also the expenses that allowed for tax and not allowed for tax?

0 Answers  

---

if i the vendor is providing us some printing material & they issue a bill of printing with including Vat so what can i deduct TDS ?

0 Answers   LifeCell,

---

what is tds?

5 Answers  

---

is there any necessity to file TDS to purchase a thing even ater paying vat

0 Answers  

---