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What else can I help you with?
What journal entries can you make to provide for income tax?
Debit income tax expensesCredit cash / bank
Are the services of rbi taxable under service tax?
mo services provided by rbi are covered under negative list entries
Payroll entries are made with data from the?
Wage and Tax Statement
What are the accounting journal entries to record income tax payments?
debit income tax paidcredit cash
Is Service Tax direct tax?
no service tax is not a direct tax. b'coz direct tax is directly imposed on person and it can't be transfered on the other person. Service tax is levied on service provided and it is levied and collected from clients. so service tax is an Indirect Tax.
What is the meaning of service tax?
the tax imposed on the service providers by the govt. is called service tax
What can we do to not pay service tax?
If you do not want to pay service tax, then you should not obtain services that have a service tax. Service tax is a tax on certain services. The amount of services is increasing.
Do you have to pay tax on money earned by providing a service?
Yes I am afraid so.It does not matter how you make income you have to pay tax on it.
What is the present service tax rate?
till 31.3.2012 service tax rate : 10.30% from 1.4.2012 service tax rate : 12.36%
Why is it important that companies make adjusting journal entries?
It is important to make adjusting journal entries as there may be some mistakes in original entries or company may created accrual entries which needs adjustments at the end of month or accounting period.
What is the difference between TDS and service tax?
TDS is Tax Deduction at Source which is deducted from the service holder/ consultant during payment. At present, TDS is 10.1%. Service tax is a tax payable on the service provided by the service provider, at present it is at 12.36%
Can you tax a service charge?
Establishments are adding tax to their service charges, is that legal?
