After assessment of books ITO demanded to pay Rs.5000 /- what
will be the journal entry
Answer / tapan
PROFIT & LOSS a/C DR 5000
TO PROVISION FOR TAX 5000
Is This Answer Correct ? | 1 Yes | 4 No |
Can we issue "Form E1" to party for same state? If yes please give procedure for invoiceing
Is TDS is applicable for subscription/membership fee paid to registered council?
i had sold a residential property owned by me and had received proceeds of sales of said property by cheque but at present i am unable to purchase new residential property and the money is lying with me ideal in my bank account can i invest that ideal amount for period till 1 year or upto 1.5 yr till i purchase new residential house. what will be income tax treatment for the ideal amt invested in some else for time being and not purchased a new residential house.
One bill of Rs.200000/- for Machinery hire issued by party, but total bill is reversed by me to party. In this matter what is the TDS Deduction entry I can made or not?
service tax and vat,both is possible on one item
8 Answers CS Business Services,
On what amount of sale Excise Duty levied?
please let me know how to show the sales to unregisterd dealers in tn ctd new portal and in which annexure to select for filing sales to unregisterd dealers, cash / consumer sales
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!
please tell me friends what are the formats of excise return and vat return?
Rse dear., i am not filing my nil return. Now i started to provide Insurance Advise to my client. but my TDS is deducted from my Rs.3000. so i want to stop this deduction, plz sugest any information. thanking you.
Please guide me... We are dealing in trading of industrial material. What is the difference between importer, 1st stage dealer, 2nd stage dealer and 3rd stage dealer? Whether all of these above can pass on the excise duty to the end user. Please tell me and thanks in advance.
Cst 1% is applicable for which state in india/