Ipcc tax query

Can anybody provide me the answer of 1(d) and of enhanced compensation?

Replies (8)

please help yaar

Purchases eligible for VAT credit

1 NIL- CST

2 12 LAC X 1% = 15,000

3 NIL

4 6 LAC X 12.5% = 75000

                               90,000

 

2 OUTPUT VAT = 27 LAC X 4% + 32 LAC X 1% + 8 LAC X 12.5% = 2,40,000

 

NET VATT PAYBLE = 1.5 LACS

Thanks,Rahul...maine bhi aise hi kiya hai...Can you please give me the answer of enhanced compensation?
i did dat wrong . ad hoc ded @ 50% is allowed can u do the salary question for me please

TAX ON PURCHASE

X  1% 1500000=   15000

Z 12.5% 600000=75000

          TOTAL= 90000

TAX ON SALE

X-4 % ON 2700000= 108000

1% 3200000=            32000

Z- 12.5% * 800000=100000

TOTAL                        =240000

GROSS VAT PAYABLE=150000        (90000-240000)

NET VAT PAYABLE=   150000

 NOTE :CREDIT ON INTER STATE PURCHASE NOT ALLOWED

ANY CORRECTION POSTED

What is the tax incidence......agriculte income form pakistan n hp income form pakistan in pcc ? Pls answer

credit is not allowed..but VAT will be recovered on 3200000....

please someone answer..

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