Answer Posted / anirudh

PAN NO. - STANDS FOR "PERMANENT ACCOUNT NUMBER".IT IS
ISSUED IN "10 DIGIT NUMBER" THROUGH Income Tax Department
for Deposit the income tax of the Assessee.

TAN NO. - STANDS FOR "TAX DEDUCTION / COLLECTION ACCOUNT
NUMBER". IT IS ISSUED IN "10 DIGIT NUMBER" THROUGH INCOME
TAX DEPARTMENT.IT ALLOWES THE AUTORITY TO DEDUCT THE 'TDS &
TCS' FROM THE CREDITOR & DEBTOR.

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

2190

---

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

4045

---

How calculate Rent income exemptions from taxable income under income tax act.isnn't 30% of total income???? plz explain with example?

2018

---

Company A from Maharashtra dispatch material directly to company C in Maharashtra & Billed to Company B in Karnataka. Co. A raised billed to Co. B charged local VAT., Co. B raised bill on Co. C tax rate NIL. Can Co. C claimed on VAT amount ?

1799

---

Provision entry for current Year Income Tax A/c ----Dr To Income Tax Payable A/c Adjustment entry in next Year Income tax payable---Dr To bank A/c kindly tell me which head of income tax a/c and income tax payble a/c

1770

---

Need of Bank Reconciliation to a company

2201

---

what about WCT (Work Contract Tax)

2049

---

At what point excise duty is accrued

1441

---

if i have a comany take contract from gvt. & i take contract from that company, & in his bill he show about all tax deduction ike IT, WCT etc, but material is purchase by that company not by us so here i want to know how WCT applicable? on total amount of contract or according to rule like material service & after adding all things??

1765

---

please send me andhra bank clerk xam model papers

2034

---

WHAT IS THE MAIN OBJECTIVE TO ISSUE THE WAYBILL TO THE SUPPLIER ? WHAT IS THE TAX LIABILITY ARISES ? WHO HAS THE OBLIGATION TO PAY THE TAX ?

2632

---

Where can i get IFAM Banglore details, i came to know that there they are giving Accounts & Taxation Training on Real Projects, and they are providing Job after training. I got one number that is not reachable i.e 9591777526. Please give me if any one knows this Institute details.

1942

---

Can we pay advance salary to a single employee in cash of an amount exceeding 10,000?

1443

---

Rules for filling Income Tax return for a MNC?

2210

---

wht do you mean by copmosition of tax

3913

---