Interview Questions Answers in Taxation

narender negi

{ City } new delhi
< Country > india
* Profession * sr. executive
User No # 34609

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Question { 7998 }

I am late for deposit the service tax about 120 days. the
amount of S.T. is 48115 What is the Intrest on 48115.

Answer

Interest will be 1919/- @ 13%PA

Is This Answer Correct ?

5 Yes

9 No

Question { 7998 }

I am late for deposit the service tax about 120 days. the
amount of S.T. is 48115 What is the Intrest on 48115.

Answer

Interest calculation of 120 day will be:
{(48115*13%)/365}*120= Rs.2056

However interest will be Rs.2056/-

Is This Answer Correct ?

15 Yes

1 No