why is service tax recievable shown as dr balance under
liability in b/s
Answer Posted / priyank kaushik
Tds amt must be added to the amt received after TDS so that
Total income will appear in profit and loss account.The amt
is shown in the asset side of teh balance sheet. It has to
be finally adjusted with the actual income tax liability
once the assessment is complete.
Plz correct me if am wrong. And also please explain.....
Is This Answer Correct ? | 3 Yes | 2 No |
Post New Answer View All Answers
Who is to paid income tax and what is the procedure of filling income tax return?
What is excise & service tax? What is the difference?
how will one calculate TDS when the bill is with service tax (SAY an AMC bill ) and what treatment will be there when it is a rent bill with service tax. is there any rules in income tax as to deduct double taxation?? pls help with rules sir
HOW MUCH PENALY IF SALES TAX IS NOT PAID ON DUE DATE IN HARYANA SALES TAX
How many heads are there under total income? Name them.
is it necessary to use form38 in UP for purchase of goods from outside UP @5%CST Tax
Dear Experts, I need your help in deriving a formula for calculating three taxes with a combination of cumulative and inclusive tax. Here are the examples with expected result. Please let me know the formula on how to get the given result. Example1: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and there is no cumulative of Tax1, Tax2 Expected Results are: Tax1=76.34 Tax2=83.97 Tax3=76.34 Let me know formula to derive above values? Example2: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and cumulative of Tax2 Expected Results are: Tax1=75.70 Tax2=83.27 Tax3=84.03 Please let me know formula to derive above values? Thanks in advance.
What is CAARO?
Does the tax liability of an individual get affected due to his residential status? If yes, explain.
How can I Proceed to my client regarding Advertisement Bill as we are dealing in advertising agency and also clear us can we deduct TDS on their bill? For Example we receive a bill from The Sandesh Ltd. of Rs. 50000/- and they do not mention service tax in the bill. So, Kindly provide the Guidelines regarding This Problem.
wht do you mean by copmosition of tax
What is supporting documents enclosed & must be required to Submit of quarterly & Yearly Sale Tax Return (Haryana)
What is RITC under UP VAT. and How it is calculated.
Sir My, Que. We recived hotel housing & bording charges so i have dedu. tds when section
meaning of accessory for central excise purpose