Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

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

TDS IS TO BE DEDUCTED ON WHICH AMOUNT - THE INVOICE AMOUNT
OR THE INVOICE AMOUNT PLUS TAXES (SALES/SERVICE TAX)?

Question Posted / jagannath s

Answers were Sorted based on User's Feedback



TDS IS TO BE DEDUCTED ON WHICH AMOUNT - THE INVOICE AMOUNT OR THE INVOICE AMOUNT PLUS TAXES (SALES/..

Answer / gaensh

TDS to be deducted on bill amount.Generally TDS is
applicable on service bills,rent,commissions,interest
therefore it is to be deducted inclusive of service tax.

Is This Answer Correct ?    17 Yes 5 No

TDS IS TO BE DEDUCTED ON WHICH AMOUNT - THE INVOICE AMOUNT OR THE INVOICE AMOUNT PLUS TAXES (SALES/..

Answer / bhargav

Only incase of TDS U/s 194I i.e. for Rent, we should not calculate TDS on service tax amount.

On all other TDS under all sections, TDS should be deducted on service tax also..

Is This Answer Correct ?    8 Yes 1 No

TDS IS TO BE DEDUCTED ON WHICH AMOUNT - THE INVOICE AMOUNT OR THE INVOICE AMOUNT PLUS TAXES (SALES/..

Answer / akhilesh thakur

TDS should always deduct on the net amount of source
income. It never shall be deducted including the Service
Tax Amount. TDS Always shall be deducted on the amount on
which service tax has been charged.

Is This Answer Correct ?    2 Yes 3 No

Post New Answer

More Taxation Interview Questions

what is the journal entry for sales on discont. what is the journal entry for purchase on diicount.

0 Answers   OPI Global,

What is cenvat credit?

0 Answers  

how to get a TIN number of the party in madhya pradesh whereas i puchase good in west bengal

0 Answers  

local sale tax rate is 5%, 12.5%. what will be CST rate without c form ?

4 Answers  

What is the procedures for withdrawing of form C?

0 Answers   Bhel, Mamta Engineering, Pharma,

how to calculated all taxes their information in details

0 Answers   KPMG,

we are deducting tds for our clients under section 194C section. exemption under this section is Rs.20000 suppose if a client bills more than Rs.20000, then i have to deduct tds only for above Rs.20000/- bills or from the first bill onwards.please clear me with as example

2 Answers  

Rse dear., i am not filing my nil return. Now i started to provide Insurance Advise to my client. but my TDS is deducted from my Rs.3000. so i want to stop this deduction, plz sugest any information. thanking you.

2 Answers   MetLife,

what is sevice tax present rate

23 Answers   AP Forest Academy, Capital IQ, Manufacturing, Weather Star,

Hi, Please guide me in the TDS calculation. I know the slabs.But I dont have much idea about the deduction part.What is the need of Bsic and HRA while calculating TDS.Also I heard that LIC, Rent etc is excempted from TDS.Please guide me...my email id is tinjusyriac@gmail.com Thanks in advance..

0 Answers  

which contractors does not deducted tds ?

6 Answers  

pls define central sales tax , how will show in invoice a cst rate on interstate sales with-out c -form and against c form . clear it

3 Answers  

For more Taxation Interview Questions Click Here
Categories