Answer / guest

Commercial Tax is an imposition of Tax on the scheduled
Commercial goods as indirectly collected by the seller or
purchaser against his business transaction which now
comprises of Sales Tax, Entertainment, Luxury Tax, Entry
Tax and profession Tax.

What is mean by FBT (Fringe Benfit Tax)? How to calculate this?

2 Answers   Astra,

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agar hum koi sale return 3 month ke andar hi receive krte hai or part uski cst purchase ka bill deti hai or humse c form mangti hai to kya hum use LS-10 me tax benefit ke liye and LP-3 me c form issue krne ke liye kyoki central purchase ka haryana vat me benefit nhi milta kya dono form LP-3 and LS-10 me hum us return ko show kar skte hai

0 Answers  

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Can we deduct WCT TDS on Interstate WORKS CONTRACT , Example, Contractor is in Banglore, he has completed work in Mahrashtra which involved Civil work, Furnitures, fixtures & labour etc, Contractor has raised invoice on service receiver adding 13.50% full CST +4.12% Service charges on Total invoice amount, kindly clarify whether Service receiver is eligible to deduct WCT TDS in Maharashtra on invoice value of the contractor, if yes at what rate ?

2 Answers   Quest,

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Goods sold outside the state at rs 300000 excluding 2percent CST I want solution with journal entry

2 Answers  

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We are Work Contractor. Presently we are under going a infrastructure Project of common wealth Games in Delhi. I want to know that how much wct will be chargeable on this project work???? we are generally using material like, aggregate, coarse sand, bricks, rmc, cement and our labour.

1 Answers  

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land lord raise Rs 107175/- as rent on leased premises plus the service tax @ 10.30/- we deduct tds at the rate of 10% we avail 50% how to pass entries and how much amount do we have to pay

1 Answers  

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WHAT IS THE RAE OF TDS ON PAYMENT TO CONTRACTOR INA CASE OF COMPANY & IN CASE OF INDIVIDUAL?

3 Answers   ABC,

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Please mail me the TDS rates for the year 07-08? aamirdeba@in.com

0 Answers  

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My firm issues a cheque for Rs 28000/- today towards Advocate fees to Adv. Mr X. After three months the same Adv. Mr X is paid Rs 25000/- as Adv.fees. How do I handle the tax part u/s 194J of the I.T.Act? Do I have to pay TDS on the first paid Rs 28000/- or ignore, or while paying him the 2nd cheque deduct tax on Rs 28000/+ Rs25000/= i.e., Rs 53000/=. Or on the other hand also pay Interest on TDS on Rs 28000/= for delaying the payment? Trust the issue is crystal clear?

3 Answers  

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what is the scope of business taxation in private company?

0 Answers   Reliance,

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What is the procedure to take modvat and its form number

0 Answers   Videocon,

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will the Company liable to pay Service tax if the turnover exceeds 10 lakh and in the business of purchase and sale of products?

2 Answers  

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