Delhi vat--- interest rate for late payment of tax
This query is : Open
19 August 2014
what is the interest rate for late payment of tax under Delhi VAT ?
we have started a new small firm and we have raised invoice and payment not received there is any provision so that we can pay tax on receipt basis instead of invoice basis ?
we have started a new small firm and we have raised invoice and payment not received there is any provision so that we can pay tax on receipt basis instead of invoice basis ?
19 August 2014
15% p.a. on daily basis.
19 August 2014
15% p.a. on daily basis.
19 August 2014
you have to pay the VAT on accrual basis. there is no provision which allows vat to be paid on receipt basis
19 August 2014
you have to pay the VAT on accrual basis. there is no provision which allows vat to be paid on receipt basis
Message likes :
1 times
19 August 2014
Thanks.............
Confirm me that the date of payment of tax is 21st of next month and return is quarterly for all assesse's.........
there is any provision for Annual return under Delhi Vat ?
Confirm me that the date of payment of tax is 21st of next month and return is quarterly for all assesse's.........
there is any provision for Annual return under Delhi Vat ?
19 August 2014
as you have mentioned that you are small firm , so date of payment of VAT is 21st day after the end of quarter.
19 August 2014
now annual return option has been discontinued so you have to file the return quarterly.
20 August 2014
thanks Umesh Ji.............
can you provide me the date of payment for different assesse along with limit prescribed.......
and also brief about return filling under delhi vat ?
can you provide me the date of payment for different assesse along with limit prescribed.......
and also brief about return filling under delhi vat ?
30 August 2014
can anybody tell me the date of payment of tax under Delhi Vat for a newly small proprietorship firm ....... whether Quarterly/Monthly..............??
18 December 2014
DVAT is required to be deposit on 21st of following month for all kind of dealer. There is not exemption or extension for small or big dealer. So to save yourself for 15% interest per year pay tax on time.
27 June 2015
hi......
whether Interest paid u/s 234B & 234C of Income Tax is allowed as exp/deduction under Income Tax ??
If Yes Kindly provide the reference of relevant section/case law etc...
Regards,
Vikas Sharma
whether Interest paid u/s 234B & 234C of Income Tax is allowed as exp/deduction under Income Tax ??
If Yes Kindly provide the reference of relevant section/case law etc...
Regards,
Vikas Sharma
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
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- RCM - commercial rent paid to URP under GST
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- TDS NUMBER SURRENDER
- Offsetting interest income against derivative trading losses
- Gst Sales of FY 2023-24
- Legal heir raised refund , but refund issued to the closed account of deceased.
- My Last working day in current org is in novemebr 2024 but they are asking me to submit IT proof
- Indexation benefit applicability
- SEC 54 OF IT ACT
- Passed group 2 exams under wrong gender
- REQUIREMENT OF 15CB
- QUERY FOR RCM ON RENT
- APPEAL-CIT
- Payable outstanding for years disallowance
- Whether still royalty
- Issue of gst e invoice
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
