1. Categories >> Accounting >> Taxation
  2. Suggest New Category

i am work in partnership firm. i recd. the bill of security
charges & Labour charge contain service tax. whose amount
will be taken for tds deduction befor service tax or after
service tax.pls guide me what's will be the entry of these
transaction.

Question Posted / ac.rohitsharma88

Answers were Sorted based on User's Feedback



i am work in partnership firm. i recd. the bill of security charges & Labour charge contain se..

Answer / krishnabahadur rana

I TOO WORKING IN PARTNERSHIP FIRM
-------MY ANSWER IS -----
TAKE TDS DEDUCTION AFTER SERVICE TAX.
IN TOTAL AMOUNT.............

Is This Answer Correct ?    4 Yes 1 No

i am work in partnership firm. i recd. the bill of security charges & Labour charge contain se..

Answer / rahul shahu

Tds deducted on basic amount

Example,suppose the bill amount is 10000

Basic amount = 10000
Service tax 14% = 1400/-
So the total bill amount is 11400/-

So tds deduct on basic amount means tds deduct on 10000/-

Is This Answer Correct ?    1 Yes 0 No

Post New Answer

More Taxation Interview Questions

CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?

0 Answers   Ernst Young,

What is Excise duty? What is Edu Cess & Sec Edu Cess? Why and when it is applicable? What is Excise Claiming?

0 Answers  

what is E.S.I, P.F rates and working notes

7 Answers  

If possible Vat Charged on Service Tax ?

1 Answers  

we can cash slase above 20000? and if party pay the above 20000 we can give the recipt.

2 Answers  




any idea to get the latest simple guide for the taxation information of India?

0 Answers  

Vat Tax Paid comes under which head.

2 Answers  

what is the percentage of W.C.T T.D.S to deduct from vendor, and is this includes T.D.S deduction or again T.D.S has to deduct separately?

0 Answers  

i am working as an accountant. i forgot to deduct the TDS of one employee in year 2010-11 of Rs.1141/-. Now what is the procedure or solution for it?

6 Answers  

Hospital and Telecomunication Service Tax Applicable or Not ?

3 Answers  

Sir, I attended infrastructure company but my question is For example: Basic value- 100000 sevice tax 14500 total bill value 114500 What is the tds amount?

1 Answers  

why is service tax set off is consider while calculating wct tds

0 Answers  

For more Taxation Interview Questions Click Here
Categories