Tell me how many taxes applicable in a Company and How can
I calculate ?

Answers were Sorted based on User's Feedback



Tell me how many taxes applicable in a Company and How can I calculate ?..

Answer / vinoth kumar

In the Company there are 3 types of Taxes are applicable

They are,

> VAT ( Value Added Tax) @ 4% With in State

> CST ( Central Sales Tax)@2% Outside the State

> Income Tax @30% from Net Profit (After partners
renummeration's)

> You may also Collect TDS from your Creditors While making
payment & Pay it to IT Dept. Montly

> Service Tax

Is This Answer Correct ?    10 Yes 3 No

Tell me how many taxes applicable in a Company and How can I calculate ?..

Answer / murugesh

In the Company there are 3 types of Taxes are applicable

They are,

> VAT ( Value Added Tax) @ 4% With in State

> CST ( Central Sales Tax)@2% Outside the State

> Income Tax @30% from Net Profit (After partners
renummeration's)

> You may also Collect TDS from your Creditors While making
payment & Pay it to IT Dept. Montly

> Service Tax

Is This Answer Correct ?    1 Yes 2 No

Post New Answer

More Taxation Interview Questions

What's the meaning of sale of goods in course of import into india?

1 Answers  


I'm collecting TDS Certificate from one of our Customer for Ass. Year 2002-03 today and request IT Dept. to allow this as part of rebate to me, will they allow?? What IT Act says on this.

3 Answers   Voltas,


when Form-16 and Form-11 issued? what is difference in these two?

2 Answers   Sabic,


how to filing rt-1

0 Answers  


what is CST % applicable on garments sales to other state?

0 Answers  






THE CUSTOMER IS FROM GOA STATE AND THEY PURCHASE GOODS FROM MAHARASHTRA UNDER C FORM THAT TIME THE CUSTOMER ISSUED C FORM ON WHICH AMOUNT TAXABLE OR INVOICE AMT(TAXABLE + 2%)?

4 Answers  


tds rates on labourn charges

1 Answers  


how to calculate the TDS?

4 Answers   EXL, Greet Technologies, MCC,


What is VAT stands for? what kind of VAT it is?

6 Answers   OPI Global,


IS C form is receivable against 0 value invoice issued to customer for promotional items

1 Answers  


when company issue c form to the seller it has to issue full amount of purchases or it has to deduct the 2% of cst amt Ex; purchase for rs.10000/- which includes 40 cst we have to issue c form for rs.9960 or we have to issue for rs.10000/- which one is correct

19 Answers   Libratherm Instruments, Mobis India, Wipro,


When private limited company liable to pay service tax???????

1 Answers  


Categories