Interested to Buy Any Domain ? << Click Here >> for more details...
in cash transaction, above Rs.20,000/- is invalid for
auditing but what if above Rs.20.000/- transaction is made
& how much tax will be paid if transaction is above
Rs.20,000/-
- 1 Answers
- 3981 Views
- I also Faced
- E-Mail Answers
Answer Posted / arisvijay
Tax exemption is valid to the extent of Rs20,000 only if its
is more than 20,000 tax has to be paid for whole amount.
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
recently release the 6.0 version not succede in the market why?
What is the accounting treatment for finance lease in lessee's viewpoint?
tell me about a time you had to deal with a conflict between a licensed and unlicensed personnel and how handled the situation?
Total numbers of companies listed on stock Exchange?
EXPAND______________IARCS
Sir i am working in 3 star hotel as a senior accountant i need some general letter drafts pleas do the need ful
Ram retired from partnership. The partners with mutual consent agreed to put the capital balance as on the date of retirement as loan to the firm @ 18% pa. The credit balance to his capital account was Rs 325000/- Pass necessary entry
cany anyone explaing what are the functions of an Account Officer/Manager?
how a fund flow statement benefit the individual, corporate?
i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............
how to solved the shares qusionas ?
what would you contribute for bhels growth
What are Home Equity Loans ?
hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
Plz Give the Inventry Accounting Procedure 1.Domestic Purchases ( VAT,CST,& Excise) 2.Import Purchases ( Direct Expences & Excise ) 3.When Will the Price Diffrence Entry Happen? 4.Cash Discount & Trade Discount On Purchases? 5.Domestic Sales ( VAT,CST,& Excise) 6.Export Sales ( Customes ,Excise ) 7.Cash Discount & Trade Discount On Sales?
