ALLInterview.com :: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Google
   
 
Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (157)
 Taxation interview questions  Taxation Interview Questions (1893)
 Accounting General interview questions  Accounting General Interview Questions (2781)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
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 :: Spj
I also faced this Question!!     Rank Answer Posted By  
 
  Re: 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..
Answer
# 1
Party has to deduct TDS only for the labour charges not for
material supply
 
Is This Answer Correct ?    35 Yes 11 No
Soundararaju
 
  Re: 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..
Answer
# 2
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 ?    34 Yes 10 No
Shailesh Chaure
 
 
 
  Re: 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..
Answer
# 3
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
 
  Re: 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..
Answer
# 4
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
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
Excise Duty is a tax and CST is also tax then why CST on excise duty while calculating to arrive total value of supply order?   2
what rate is entry tax is it same for all states   1
What are the various forms used for Sales Tax?   1
We have sales some items to our customer 4 yr. before and he is refusing to issue C form so, what can i do. Merino 1
What is the difference between TDS and TCS? Godrej 13
what is the interest of late deposit(one day) of service tax for Rs 1000/-(including cess+e.cess).please let me clear also the how much days of interest will be be calculated for one day late deposit.   7
Hi..My Question is related to TDS Claim. I have got the TDS certificate for F.Y 2009-10.TDS amount is 2200.00 Looking in 26AS( F.Y 09-10 ) I can not see any credit of 2200.00. This credit is available in 26AS of F.Y 2010-11. What shall I do avail credit of same in F.Y 09-10.   2
what is the diffrence between tds and vat? GMR 14
What is the due date for payment of service tax?   2
what is assessment year. what is assesee. what is tax slab   2
who is liable to pay excise duty on monthly basis?or what is slab for excise duty liable to pay for monthly,quarterly ro half yearly?   1
Hi May i know i 2 avoid Income Tax.I am getting 1,20,000PA and a house rent of 5000PM,and profit from Agriculture Income of 80,000.Is agriculture Income taken into consideration.If so how 2 calculate further & how much will b the Income TaxI will b getting. SAT-InfoTech 8
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
   
Copyright 2013  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  KalAajKal.com