Interested to Buy Any Domain ? << Click Here >> for more details...
Is Withholding tax Equal to VAT. If No what is the
difference between the two.If equal why they are given a
different name as such. Plz explain
- 3 Answers
- 34346 Views
- Nitel, SAT InfoTech, I also Faced
- E-Mail Answers
Answer Posted / ramulu
No! withholding Tax is tax collected from vendor for
renedering of service to the organization if exceds
Rs.20,000 in the year the he is eligable for deducting the
TAX and deposited in the bank with vendor pan number and we
should issue a form 16 A at the year end
where as, VAT is VALUE ADDED TAX is liable when we purchase
of goods and sales the difference tax is to deposit to VAT
office with monthly return in form 100 and yearly in form 240.
| Is This Answer Correct ? | 19 Yes | 6 No |
Post New Answer View All Answers
Hi 1 Question please My client is on SAP since last 3 years and now they want to migrate their asset related data with AM solution, I would like to know the steps and precaution to be taken at the time of legacy data migration and how to reconcile ABST2 report.
Describe number range interval? : fi- general ledger master data
How do you get about defining co-product functionality in repetitive manufacturing?
What items are required in a financial statement version? : fi- general ledger master data
What is a company code and what are the basic organizational assignments to a company code?
What is a cost center category? : co- cost center accounting
Where can you use the internal order?
What is number range interval? : cost center accounting
What is an outline agreement? : fi- accounts payable
What is a posting period variant ?
What are organisational units in sap ?
Differentiate static credit check from dynamic check? : fi- accounts receivable
What is a company code in sap
When we configure Electronic bank statement first time. Do we need help of ABAP team at the time of configuring the same?
How does the system identify a posting period?
