Interested to Buy Any Domain ? << Click Here >> for more details...
As I am an Individual person doing jobwork with a company
name x. After doing jobwork I am going to sale the shoes in
local market. Please tell what is the tax % I have to take.
Whether 4% or 12.5%.
- 2 Answers
- 6333 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / nutan gonehalli
If the job work includes material supplied by the the pary
than your are liable to Service tax of 12.5% as you have
provided only services. However if you have also used some
materials for making that shoe, than you need to give a
bifocation of the bill showing how much is the material
cost & service charge. Material cost should be charges with
4% VAt & the services should be charged with 12.5%. The
bifocation is necessarybcoz if you just add 4% on the
entire bill, the company mostly deduct TDS also to be on
safer side.
| Is This Answer Correct ? | 5 Yes | 2 No |
Sir among the answers given by different persons, different answers are posted for the same question? regarding calculation of ESI & PF calculation whether on Basic or Gross salary? could u suggest the exact answer from the expert Pls.
What is RITC and how it is calculated?
I want to know how to calculate VAT / WCT Liability under composition scheme and regular scheme at Karnataka
Is Accounts Payable and Vendor Payable are same ? If yes or no, why ?
How to calculate entry tax ??(In karnataka) Pls advice me complete computation details.
Do companies pay exactly same amt of P.F (as employer's Contribution )as deducted from employee's salary Eg. employee's cont. 5000/- employer's cont. 5000/- is it
How Much Total Amt of salary is for deduction under section 94J for full year
what is the date of payment of tds of last month (March)& date of filing of last qtr.
what are the slab rate for F Y 2010-11
The Book Profit of a firm is 325600/- What is the allowable remuneration to the working partners If it is a business firm If it is Professional Firm and also let me know under what section
DO anyone need TDS(tds is tax deducted at sources ) Software?Saral TDS is the software for electronic filing of TDS and TCS returns as per the provisions of Income Tax Act. With thousands of customers throughout India, It has been the proven best eTDS Solution for the eReturns. Saral TDS has also been known for being used by several Nationalized Bank Branches, Such as Indian Bank, Union Bank Of India, State bank of India, SBM, SBH, Vijaya Bank, Karnataka Bank and So On.. contact reka_raj_pmc@yahoo.com
what mean of withholdingtax ?
Audit 
