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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (427)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1899)
 Accounting General interview questions  Accounting General Interview Questions (2810)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4360)
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 ?    35 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
 
When the C-Form should be issued, Whether it is from the date of Invoice OR from the date of material received (Goods Receipt Date)   4
dear sir if i dont know the sell bill amount the. client give me 88036 amount cheque this cheque already cut tds 2.065% how will the service tax how i calculate this pls give easy process.   1
if i am a normal salaried employee and will not come under IT payer slab, if i have received a monitory help of Rs.15lacs from my friend who is staying abroad and it is on returnable basis, how i can show this in my IT remittacnce? is there any taxes i have to pay?. if i am going to payback him every year 1lacs how i have to show this? please suggest me Reg RK   1
MY QUESTION IS 1. WHAT ARE THE LEDGERS TO BE OPEN FOR TDS 2. WHEN AND TO WHOM I DEDUCT TDS 3. JOURNAL ENTRY FOR ALL TDS TRANSCATION 5. IN TALLY ERP MENTION LEDGER TO BE CREATED UNDER WHAT GROUP 6. THEN ANY OTHER IMPORTANT INFORMATION ABOUT TO CHECK IN TDS   1
what is TDS   2
IF WE BOOK PURCHASE AS EXPENDITUR.THE CAN BE ISSUE C-FORM AGAINST THAT PURCHASE   1
i m agent of reliance life insurance i have sold one traditional product of premium size 10,000/- rs and comission rate is 18% what will be net comission will be recd by me after deducting service tax and tds ? Reliance 6
who will pay entry tax in E 1 sale ( sale in transit ) buyer or consignee ?   2
What is difference between Gross salay and CTC? TVS 14
can we take coloing stock in T.P.and is it dr.balance or cr.balance   1
which is the Due date of Challan & return filing dates of VAT,PF,PT,ESI,TDS,Service TAx and IT in Uttarakhand.   3
Why the goverment give tax reduction benifit when purchase and sales from one state to another state under 'C' form ?   1
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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