Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / guest
Commercial Tax is an imposition of Tax on the scheduled
Commercial goods as indirectly collected by the seller or
purchaser against his business transaction which now
comprises of Sales Tax, Entertainment, Luxury Tax, Entry
Tax and profession Tax.
| Is This Answer Correct ? | 73 Yes | 17 No |
Post New Answer View All Answers
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!
What's format of CMO & CMA Data?
Define assessment year.
which is the first liability for pay Service Tax to GOvt
Whether C Form can be issued for the transactions that made 5-6 years back? What are the procedures?
What are the streamlined sales and use tax agreement?
How can done the Accounting of WTC ? OR WTC treat (Take) like Service tax credit?
what is procedure of calculation of TDS by bank?
Can we use ST-38 outward form for a sale of Rs-100000/- with in the state i.e haryana
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?
What are the deductions under salary head?
Are woollen Blankets (Rugs) taxable under CST ? Can unregistered party sell it.
Calculate debtors at the end of the year? debtors-50000, bad debts-2000, discount allowed-1000, 5% on bad debt, 2% discount allowed?
How do you determine as to what TDS has to be deducted from each vendor supplying us the goods and doing labour work?
please tell me how to take stock (not enter in purchase) in Tally ERP 9 in Case the goods recived against from FORM 38 The Company sent me consignment for sale on behalf commisson & after sale he want FORM F. so please tell me procesure of TAke the Stock in Tally for the Created Sale Invoice & Tax Invoice. Thank You
