IF BILL OF JOB WORK HAVING WITH VAT AMOUNT THEN WHICH AMOUNT
IS LIABLE FOR TDS DEDUCTION THAT IS WHOLE INVOICE AMOUNT OR
EXCLUSIVE OF VAT AMOUNT
Answers were Sorted based on User's Feedback
Answer / siddharth tyagi
TDS should be deducted on the Invoice value including VAT.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / dhirendra kr kushwaha
Job work bills are two types:-
1
1:Exclusive of materiai(only labour charge):- only tds on bill amt.
2:Inclusive of material(Labour charge+ material cost):- Vat on material value & TDS on lobour amt.
Is This Answer Correct ? | 0 Yes | 0 No |
What is the tds (194C) deposit date for the payment made to a contractor on 31 March.
Define previous year.
Procedure for of c-form lost
2 Answers Philips, Silver Line Floors,
My unit is a manufacturing unit and deals in Auto-parts and registered in Central Excise,Service Tax and Sales Tax. Now,we intend to import machines in the company for sale them in Local market.What procedures we have to follow for the aforesaid purpose?
how many percentage tds we have to deduct at a bill with heading "being our professional charges towards supervision of local sampling and analysis of rapseed meal
Entry Tax paid for Car purchased Rs.800000 and this amount may adjust to VAt payable. Noted that we are filing vat return on the compound basis.
What is the basic reason behind not using anyother depreciation rates Means Why can't we use any rates lesser than applicable rates?
which is the first liability for pay Service Tax to GOvt
My Total CTC is 12500(not gross salary), i am living in Mysore(non-metropoliton city) what will be the take home salary after deduction? thanks in advance.
Under what circumstances Deferred Tax Liability or Deferred Tax Assets entries to be passed ? or what is the advantage by passing the above entries ? How the above entries to be nullified / reversed ( with examples please )
what is TDS i need clear explanation and how to file tds return
What are the various forms used for Sales Tax?