exp: bricks 4000*5% =200 is input it can be add GP @ 10%.
So it cane be 200*10% = 220 output
Then 220-200 = we pay only 20.
It is correct or not
Regards
G.Kamal
Answer Posted / prashant
yes it is correct.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
Rules for filling Income Tax return for a MNC?
How To fill vat, Tds, Service tax Return Form? Please Explain With an Example.
How to adjustment of CST ? and also tell me about C-Form affairs ?
Define deferred tax liability?
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?
What is the commitment to the bankers against L/C ? They need any colletral Security or any deposit ? What is terms & conditions of L/c?
What are Excise Duty rates for Fin.Year 2009-10 for Pesticides and Chemicals Industries.
Define FBT with example & how it can be calculate ?
is WCT applicable one time? and what will be rate of WCT in UP State?
In advance c form dvat why not showing the amount in form verification
what is the vat & cst rate with cst and without c form. TDS on salary how to deposti and which challan use for this
what is the rate of interest when an assesse paid tax after the due date in the prescribed time limit?
Service tax applicable or not for Govt Guest House contract work.
If we issue a new sale invoice after issuing a Credit Note to the coustomer, for the previously issued sale invoice on which Central Sales Tax @2% was Paid previously,whether we will be liable to pay for charging the sales tax on new invoice and pay to the sales tax department.
While depositing cash at any bank above then Rs 50K, we need to provide PAN Card or we have to fill form 60, but tell me why a person needs to sign FORM 60 if he is paying installments of >50K of Loan availed by him/her earlier? As if he is repaying Loan, not depositing in his A/c?