Interested to Buy Any Domain ? << Click Here >> for more details...
I am a newly appointed consulting engineer to a coirporate
infrastructure company.I am offered a consultation fee of
Rs.!500000(fifteen lakhs) per annum.
My question is for the purpose of working out the income
tax what is the gross income.Is it the balance of the fee
received less the service tax paid ?
- 1 Answers
- 3681 Views
- I also Faced
- E-Mail Answers
Answer / sumit
for income tax purpose u r income is assumed is rs 15 lakhs
net of service tax
u have to pay service tax on 15 lakh
ie means u have to charge service tax extra in u r bill
& compnay can get the service tax benefit against this
so there is no loss to the company
if compnay is manufacturing co. or a service provider
company
| Is This Answer Correct ? | 4 Yes | 0 No |
WCT charged on firm or on proprietor?
Vat Tax Paid comes under which head.
How much is the VAT in UAE
sir i want tax chat,tax calculations
what is fbt@ ,sd @
What is Assesment Year
What is the difference between fund flow vs. Cash flow?
Company should deduct TDS or not if Company is paying the amount directly to the Sub-Contractor by Debiting the A/c of Contractor and Crediting the A/c of Sub-Contractor ?? Rate??
How does submission of C form affect VAT ?? please give detailed example with explanation
I have doubt on Input VAT & Output VAT (incoming vat / outgoing vat) I have a HMS software, where we have interface to tally erp. When we import the transactions to Tally from HMS (Hospital Management System) All the purchases what we do for a period, the tax paid on these purchase are showing as out going vat. Similarly when we do the sales of those purchased items through HMS, tax collected from customer is showing as incoming vat. Is these are correct terms what they had mentioned in HMS? Please help me out.
What is the rate of Excise duty for all goods Is der any Difference in rate of exice duty for Chemicals And Fabric
what is cash credit limit please give me answer in detail
Audit 
