Set-off of vat on car purchased
This query is : Open
03 April 2012
Dear Sir / Madam,
When the professional tax liablity occur deducted from salary for the month of April - 2011. if payment made in May. & when shall i make a provision in accounts of prof.tax.
in the Month of April or May ?
&
What is the due date of profession tax deducted from on salary employee?
When the professional tax liablity occur deducted from salary for the month of April - 2011. if payment made in May. & when shall i make a provision in accounts of prof.tax.
in the Month of April or May ?
&
What is the due date of profession tax deducted from on salary employee?
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 April 2012
Dear Sir,
We purchased a car on which we paid VAT which was shown in TAX Invoice. Is it possible to take set off of VAT paid on car while paying our VAT Liability under Maharashtra VAT Act. We are also claiming depreciation in IT Return.
We purchased a car on which we paid VAT which was shown in TAX Invoice. Is it possible to take set off of VAT paid on car while paying our VAT Liability under Maharashtra VAT Act. We are also claiming depreciation in IT Return.
03 April 2012
FOR CAR, YOU ARE THE END USER. SO YOU WILL NOT GET IT.
03 April 2012
Under MVAT, set off on vehicle is not allowed except vehicle used in business such as delivery van, crane etc.
04 April 2012
PT is to be paid on the last day of the month/qtr to which the return relates.
For yearly payment its 31.03.
http://www.mahavat.gov.in/Mahavat/TaxCalender.jsp
For yearly payment its 31.03.
http://www.mahavat.gov.in/Mahavat/TaxCalender.jsp
04 April 2012
Thanks Sir,
But In accounts when i have to make a provision of P.T. in accounts? at the time of Salary Provision or at the time of Payment. exampl. if the salary for the month of April-2011 paying in May-2011.then, in which month i have to pay Prof. Tax in the Month of April or May? Also clear the provision in accounts.
But In accounts when i have to make a provision of P.T. in accounts? at the time of Salary Provision or at the time of Payment. exampl. if the salary for the month of April-2011 paying in May-2011.then, in which month i have to pay Prof. Tax in the Month of April or May? Also clear the provision in accounts.
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