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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.
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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 |
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 |
serice tax can be exempted in calculation of tds on contract wages as exempted like rent on service tax
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