After assessment of books ITO demanded to pay Rs.5000 /- what
will be the journal entry
Answer Posted / tapan
PROFIT & LOSS a/C DR 5000
TO PROVISION FOR TAX 5000
| Is This Answer Correct ? | 1 Yes | 4 No |
Post New Answer View All Answers
Making delivery challan is possiable between two branch of difference code
WHAT IS THE PORVISION OF INCOME TAX & SELF ASSESSMENT TAX AFTER AUDIT IN PVT LTD CO & LTD CO , PLEASE GIEVE ANSWER IN DETAIL WITH ENTERY TO MY E-MAIL ADDRESSS
How to reconcilation of modvat
What are the treatment & implications if party doesn't provide C Form in interstate sales transactions & also same if provide C Form.
What is the WCT percentage under which the amount is being deducted in Punjab. Under what Notification and dated when???????????. Serious Senor I need the answer other wise I would not have posed this question; Please send the answer to the mail address.
Our company is engaged in a business of Real state developer in andhra pradesh. we want to purchase some material from other states. we have central sales tax registration. whether we are eligible for issuing a form 'c' to the supplier being a deeloper.
I have a plot at Visakhapatnam. I have entered into a contract with a builder which enables him to construct 10 flats on the plot and builder and myself will share 50:50 of the constructed area. i.e. builder will get 5 and i will get 5 flats. Builder is not paying me any other consideration apart from 5 flats. Kindly clarify as to whether any servive tax is applicable and payable by me ?- kgr varma
how to modify 12% to 13.5% in tallyerp9 release 1.6
Please some one tell me what is the VAT or WCT rate for works contract at Tripura
What are all include taxation...? What is to be noted in the taxation...? Hints would be highly appreciated.
What is the eligibility criteria of C-Form(Manufacturing goods of borewell bits, Hammers, Drilling Tools and Air compressors, etc..). If such company will purchase safety shoes, buyer can eligible to issue C-Form?
How can done the Accounting of WTC ? OR WTC treat (Take) like Service tax credit?
wht do you mean by copmosition of tax
If a person got gold by wining a lottery and TDS on the gold value was not deducted by the deductor. After getting the gold, the person tranfer the gold to his daughter. After reading the provisions of the Income Tax Act, 1961, you are required to state that who is liable to pay the tax on the value of the gold? and is there any liability of the Deductor towards non-deduction of TDS?
What is the different between Excise Invoice and Invoice