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what is tax?
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The govt plays an important role by making heavy
investments and expenditure on core areas like heavy
industries,infrastructure ,defence,internal
security,education ,poverty alleviation,employment
generation, public health etc For this purpose the govt
collects funds by levying taxes on product,income or
activity.This type of fund collection from public directly
or indirectly is called Taxation
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / ajoy kumar rai
TAX IS A COMPULSORY CONTRIBUTION MADE TO GOVT FOR ENJOYING
GOODS AND SERVICES RENDERED BY GOVT.
EXAMPLES:- INCOME TAX, WEALTH TAX, SALES TAX, VALUE ADDED
TAX(VAT),CUSTOM DUTY, EXCISE DUTY, OCTROI DUTY,
PROFESSIONAL TAX, ENTERTAINMENT TAX, TOLL ETC.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / k.poorna nanda kumar
Compulsory monetary contribution to the state's revenue, assessed and imposed by a government on the activities, enjoyment, expenditure, income, occupation, privilege, property, etc., of individuals and organizations.
| Is This Answer Correct ? | 0 Yes | 0 No |
it means calculated by the who is earned money above
limitation and putting this tax his or him annul income
| Is This Answer Correct ? | 1 Yes | 6 No |
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.
IF WE PURCHASE MATERIAL FROM OUTSIDE STATE FOR RS 100000 (INCLUDING CST) AGAINST C FORM. AND AFTER ONE MONTH WE ISSUED DEBIT NOTE FOR RS. 30,000 /- TO A SELLER. NOW WHAT AMOUNT WE FILL IN THE C FORM AT THE TIME OF ISSUE, 1,00,000 /- OR 70,000 /-
CASH SALE OF Rs. 10000/- WITH TAX. THEN WHAT SHOULD BE THE ENTRY BEHIND THIS IN BOTH SIDE SALES AND TAXATION.
How can I calculate TDS AND FBT tax for a Travel Company?
2 Answers Real Estate, Travel Plan,
the vendor is supplying us printing application forms including material and he add 5% vat is there any chance to deduct tds
Service tax on rent (immovable property)?
if bank deduct the tds, it should show in p&l or balance sheet?
What is Cost of Acquisition?
what is the date of payment of tds of last month (March)& date of filing of last qtr.
How can you know assesse type for tds deduction from PAN No. Like Company,association like that
2 Answers National Safety Council,
what is rate of sale tax and vat
how much TDS required in telecommunication services ? Any types of Telecommunication, provider or services receiver
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