Interested to Buy Any Domain ? << Click Here >> for more details...
The party has raised service bill for Rs. 120000. The TDS
deductor company made TDS on Rs. 100000 i.e., Rs.20000 is
deducted on the gross bill of Rs 120000. My question is
whether to deduct TDS on Rs.120000 or on Rs. 100000?
- 5 Answers
- 8972 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
If the company wants to pay only Rs. 1 Lac., then TDS is
applicable on that amount & if the whole amount is payable,
then it's applicable on Rs. 1.20 Lacs. In other words TDS is
applicable on the total amount payable towards the services
/ contract.
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / vishwas
TDS means Tax Deducted at source .It should be deducted on
Amount payable & not on amount paid. Here the bill amount is
Rs. 1.20Lacs i.e. payable. Hence TDS shold be deducted on
Rs.1.20 Lacs only.
| Is This Answer Correct ? | 4 Yes | 3 No |
Can we deduct tds on mobile or landline bill payment
What is the QIS Report? what is the use of QIS Report in brief?
6 Answers Agarwal Associates, Capital IQ, Morgan Stanley,
What is the difference between the excise duty and the sales tax?
what is WCT?
CST RATE IS 2 % IF C FORM IS RECEIVABLE. IF C FORM IS NOT RECEIVED WHAT WILL BE THE RATE OF CST
My Total CTC is 12500(not gross salary), i am living in Mysore(non-metropoliton city) what will be the take home salary after deduction? thanks in advance.
Non payment of service tax?
what is perquisite? what do you mean by gratuity?
what is vat rates in andhra pradesh
7 Answers Astrotech, Narayana,
what are organisations pay tds? when?
what are the ways of paying service tax and vat montly manually??
what is TDS and which apply on and its what is diffrent rates on diffrent items.
Audit 
