Tell me how many taxes applicable in a Company and How can
I calculate ?

Answer Posted / murugesh

In the Company there are 3 types of Taxes are applicable

They are,

> VAT ( Value Added Tax) @ 4% With in State

> CST ( Central Sales Tax)@2% Outside the State

> Income Tax @30% from Net Profit (After partners
renummeration's)

> You may also Collect TDS from your Creditors While making
payment & Pay it to IT Dept. Montly

> Service Tax

Is This Answer Correct ?    1 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

We have a constructed a goverment approved textile park in year 2007. will we have to pay Service Tax on that Construction Service?

1449


Does the tax liability of an individual get affected due to his residential status? If yes, explain.

621


Is Service Tax chargable by Real Estate devlopers to be charged on the entire cost of the property or only on the service conent of the cost and not on the cost of land and cost of construction material? Can the developers demand Service Tax on installments paid by the buyers before the real sale takes place?

2658


Dear Experts, Please advice, what are the rate of WCT , and is it differ from individual to companies in case of deduction ( if i am the deducting person)

1319


th point in when will details wil get filled in ER1 2a and 2B?capg

1327






i paid tds through my bank account but i entered the assessment year as 2010-11(the current year) instead of 2011-12(actual assessment year). what is the remedy for this. how do i get refund for the wrongly paid sum. or is there any way to currect the assessment year?

1738


What is c.s.t slab on furniture & fixture ?

1765


what is works contract tax? if a contractor made a bill as repairs to machinary 00000000/- service tax 12.36% on 40% on basic value Vat 5% on 60% of the basic value of the bill amount how can i deduct works contract tax? please suggest me?

1732


Rules for filling Income Tax return for a MNC?

1637


what to in pro

1767


Please tell me the rate of service tax of Transportation and the who is liable to deposit the Service Tax, the receiver of service or provider the service

1759


why charges PURCHASE @ 15 % TAX RATE ?

1649


About vat, service tax, tds, cenvat

2710


When & how vat audit takes Place in haryana. Is Scrutiny & vat audit is same?

3625


What do you understand by transfer income?

651