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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (159)
 Taxation interview questions  Taxation Interview Questions (1917)
 Accounting General interview questions  Accounting General Interview Questions (2844)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4376)
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 ?    38 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 ?    37 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 ?    14 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 ?    6 Yes 5 No
Dhruvil Bhatt
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
If purchaser receive 4 nos Invoice from seller agnst Inter State Purchase in One Quarter and By mistake Purchaser issued one Form C in One Quarter only for 3 Invoice. Can he (Purchaser) issue another Form C for rest 4th Invoice or not???   3
what is defered revenue tax Animaster 3
Where we show the brought forwarded losses in the Balance Sheet?   3
Labour charges for Assembly and Calibration is liable for service tax, & whats the limit   1
if we mentioned vat 12.5% on bill then we print this bill on retail invoice or vat invoice   2
IF WE PAY AUDITOR FEE FOR INCORPORATION WORK THEN UNDER WHAT GROUP IT COMES IN TALLY. 2. any other audit fee we paid suppose at the time of financal report preparing then it will comes at the same group or any other   1
We are into Press Tool & Die Manufacturers and regisered with ESI. for Expansion of Building we are paying civil contract bills ( incluidng labour as well as material) . Please let me know while making payment we have to deduct ESI because civil contrator is not registered under ESI. My question is contractor issue bill including material . on what amount we have to deduct ESI. Please let me know.   1
We purchase Electricals Cabel for Panel & Fitting for our company, we have issued Form "C" to above material purchase From OGS   3
What is MAt   2
We have sold goods to customer against H-Form in each quarter of the year. But customer is issuing single H-Form for whole year purchase. Should we accept it or not?   3
What Is The Chart Rate For Deduction Of TDS On Salary ADS 3
what is sevice tax present rate Capital-IQ 22
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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