Tax Liability
This query is : Resolved
05 February 2009
What is tax liability?
How it is known?
How it is known?
05 February 2009
1) For VAT, check monthly and annual return and make sure that the tax payable is correct or not.
2)For Income tax check the computation statement, check the advance tax payment challans, TDS certificates received and ascertain the genuiness of tax liability.
3)For service tax check ST-3 returns,GAR-7 challans,input tax credit availed if any and arrive the liability if any.
4) For FBT ascertain the expenses which is taxable, obtain the computation statement, advance tax payment challans and see the liability.
5) These are only few examples among others.
2)For Income tax check the computation statement, check the advance tax payment challans, TDS certificates received and ascertain the genuiness of tax liability.
3)For service tax check ST-3 returns,GAR-7 challans,input tax credit availed if any and arrive the liability if any.
4) For FBT ascertain the expenses which is taxable, obtain the computation statement, advance tax payment challans and see the liability.
5) These are only few examples among others.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Eway bill generation from place other than registeted
- Management System (IMS)
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- EPF FULL & FINAL RULES IN 2026
- Rental income gst and it purpose
- FTS Taxable under 115A
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
