Interested to Buy Any Domain ? << Click Here >> for more details...
hi,i want to kow the difference between withholding tax and
service tax.what is the procedure of calclation of the
two.please help.its urgent.
- 2 Answers
- 10436 Views
- Wipro, I also Faced
- E-Mail Answers
Answer Posted / h.r. sreepada bhagi
Tax Deduction at Source (TDS) under any Tax law is also
referred to as withholding tax in some countries. In India
it's mostly referred to TDS under Income Tax Act, 1961. Tax
shall be deducted at source of payment (Either at the time
of credit to the payee's a/c or at the time of payment
whichever is earlier) at the rates prescribed in the Act
under various sections for different nature of payments -
For abstract details, refer Income Tax Ready Reckoner.
Service tax is leaved on the specified services at the
specified rates in the Service tax Act - For more
information refer Service Tax Act.
Both these taxes are payable to the Central Government in
India, by means of prescribed challans.
| Is This Answer Correct ? | 10 Yes | 1 No |
Post New Answer View All Answers
what is the percentage of vat like 4 % , 12.5 % etc ? how can do closing stock valuation ?
Physician samples should be charged under CST @ 5% manufactured in H.P. and transferred to other states
Define deferred tax liability? What items come under deferred tax liability?
which items should be covered the Entry Tax by HP Govt instead of Purchased
my manufacture company established in Excise exempted Area. and we pay freight to transpoter.& also deduct service tax.what will be the entry of this transaction. can i adjust this service tax payable from input service tax of telephone bill.
how we calculate the tds on salary.
What is the general format for a consolidated file extension? It is showing invalid file format? So how to solve the error? How to correct the file format? Help me how to know the general consolidated file format like is it tan no_finan.Yr-quarter-type.Tds is this format correct one? Last time i have found the extension as .Csi is it correct?
is there easy guide for the latest India tax & accounting information for 2010?
cgl2012 tier1 mein 62.50 marks they or mera naam TA wali list mein tha but mainey Auditor ko 1st prefernce choose kia tha tier2 mein maths mein 142 or english mein 104.50 marks aaye but fir bhi mera naam only list4 TA main tha or mujhey DEST typing test dena parha i want to know that agar main TA k liye typing test pass ahi kar pata to kya mujhey koi bhi post milegi. pls anybody knows tell me.
We are a UK company selling electronic s/w licenses to customer in India. We have a PAN Number. Why is TDS being deducted on a product? Why is TDS calculated on the invoice value - surely it is supposed to be on Income and not Turnover? What is the correct TDS % deduction?
how we can access the Tax Deduction through PAN ?.
WHAT IS COMPOSITION RATE IN Andhara pradesh SALES TAX?
We made full payment to contractor and forget to deduct TDS on that.Now contractor ledger is fully settled and we have to pass the TDS entries on that. Kindly guide rectify the entries on tds
should we can take modvat benefit any time or they have some limit time to take input benefit claim?
What is the WCT percentage under which the amount is being deducted in Punjab. Under what Notification and dated when???????????. Serious Senor I need the answer other wise I would not have posed this question; Please send the answer to the mail address.
