Answer Posted / rajaram
If business people earning more than 40lacs they have to
submit tax audit report before the income tax authority
| Is This Answer Correct ? | 13 Yes | 2 No |
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Can we get excise and VAT credit form staff welfare goods like shoes, uniform, goggles etc.?
I am a civil Engineer consultant. On an item for example Rs.100, I am adding 4%WCT ie., Rs.4 and I am certifying the contractor bill for Rs.100.00 + Rs.4.00 = Total Rs.104.00. But my client is deducting 4% on Rs.104.00 ie., Rs. 4.16. So, finally contractor is losing Rs. 0.16 on Rs. 100 which amounts to lakhs on the project value. Can you please guide me on this? Santosh Kumar
what is tax avoiding?
interest paid to bank rs.15000 in conection with statutory income tax proceedings.
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