Interested to Buy Any Domain ? << Click Here >> for more details...
when cash recd. for services rendered in the past:
1)owner equity increase
2)current assets increase
3)profit increase
4)none of the above
- 2 Answers
- 5690 Views
- I also Faced
- E-Mail Answers
Answer Posted / manoj s
3)Profit increase for the current year..
| Is This Answer Correct ? | 0 Yes | 4 No |
Post New Answer View All Answers
WHAT IS TDS?SHOULD WE FILE TDS TO PURCHASE A THING .SHOULD WE PAY BOTH TDS &TCS FOR THE SAME THING
service tax
due date for issue of C form, if c form is not issue what will be the consequences
My unit is a manufacturing unit and deals in Auto-parts and registered in Central Excise,Service Tax and Sales Tax. Now,we intend to import machines in the company for sale them in Local market.What procedures we have to follow for the aforesaid purpose?
What is difference between Contract and legel and legel and profession service???? I had face this question in interview
if a buyer paid full cst 14.5% for a redistrable assect then whatis the registration process?
Please advise where to enter Income tax paid to Govt. in tally and on which head account to be created///
What is Form 12A & Form-H and where is applicable.
what is the percentage of W.C.T T.D.S to deduct from vendor, and is this includes T.D.S deduction or again T.D.S has to deduct separately?
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
Can I know the full description about capital and revenue in nature? and also the expenses that allowed for tax and not allowed for tax?
is a pvt ltd. comp. can give advance against salary to his director.
Need of Bank Reconciliation to a company
Beginning Balance, Dec. 31, 20xx Creditable Income Tax 211,829.00 Income Tax Payable (132,808.00) > Balance 79,021.00 ITR (1st Quarter) - Jan. 31, 2016 - Mar. 31, 20xx Normal Tax (30% of Taxable Income) 2,205.02 MCIT (2% of Gross Income) 7,865.71 Aggregate Income Tax Due (Normal Tax vs. MCIT whichever is hihger) 7,865.71 Less: Tax Credits/Payments Prior Years Excess Credits 79,021.00 Creditable Tax Withheld - 79,021.00 Tax Payable, per return (71,155.29) What should be the entry in my book to record the above transactions? Thank you!
Hi, Can somebody help me to know whether WCT MVAt is applicable on catering service, if the caterer is uses his own material and labour for doing cooking in our premises and later the product is sold in the same premises for the employees. Kinldy advice whether WCT will be deducted on this.
