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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1904)
 Accounting General interview questions  Accounting General Interview Questions (2827)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4368)
Question
sir, i have charged labour charges with material bill to x 
party for Rs.211000/-  plz explain me how much TDS amount 
will deducte by party..
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
if the bill was bifercated in labaour and material than TDS
will be deducted on labour charges otherwise TDS will be
deducted on invoice amount.
 
Is This Answer Correct ?    36 Yes 10 No
Shailesh Chaure
 
Answer
# 2
Party has to deduct TDS only for the labour charges not for
material supply
 
Is This Answer Correct ?    35 Yes 11 No
Soundararaju
 
 
 
Answer
# 3
According to income tax ready recknor, if in the same
invoice party has mentione the labour charges separately
then the TDS to be deducted on the labour charges only & if
they did not mention separately the charges of labour then
the TDS should be on Invoice Value.
 
Is This Answer Correct ?    12 Yes 3 No
Sachin
 
Answer
# 4
If the situation is as above than one has to deduct tax on
total amount of bill i.e material + labour = total amount
on which TDS is to be deducted. Refer Circular no.715 dated
August 8,1995. if consolidated bill given and no separate
bill given than on gross amount of bill TDS is deducted.
 
Is This Answer Correct ?    5 Yes 4 No
Dhruvil Bhatt
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
what mean by tds on vat?   3
what is "c" form?   2
What is the vat percentage for construction company   2
if we have amc any vendor 25,000 pa. should we deduct TDS Mahindra 2
if "a" is a party from gurgaon purchase goods from "b" a party of bhiwadi. "a" purchase goods at cst @2% against "c" form of rs(taxable amt) 10000/- cst @2% rs 200/- then the total bill amount is 10200/-. what is the amount of "C" form made by "a"? Matrix 7
if my salary is 21855 per month for finicial year april 2011- march 2012 what tax will be deduct   4
What is VAT stands for? what kind of VAT it is? OPI-Global 6
can we issue c form on purchase of mould and die   5
can we have benefit of CST in VAT (Haryana). explain?   3
HOW TO TREATMENT OF SERVICE TAX ( WHAT INPUT & OUTPUT ADGUSTMENT SAME AS A dvat) NIFT 2
If an employee joins a new company, who is liable to transfer his PF amount from old company to new company, and what is the process for that ?   2
how to reconccile account payable & account receivable.please provide best solution with example   1
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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