When calculating tds on a service bill ,TDS need to be
calclated on "Base Amount" or "Base Amount"+ "Service tax" ?
please answer with relevant provision
Answer Posted / ramesh
TDS HAS TO BE DEDUCTED ON THE INVOICE VALUE I.E BASIC + TAX
= INVOICE VALUE, ONLY TDS ON RENT YOU HAVE TO DEDUCT ON
BASIC VALUE FOR OTHERS ITS ON INVOICE VALUE.
| Is This Answer Correct ? | 83 Yes | 11 No |
Post New Answer View All Answers
what is capital account? how to manage it? what is the process?
Does the tax liability of an individual get affected due to his residential status? If yes, explain.
what is the actual use of pure agent in tally erp 9 and why we use in tally .and what is the role of pure agent
whether octroi service charge levied on entry tax? and is service tax levied on octroi service charge?
Is wct charged on firm or proprietors ?
'A' is running a manufacturing set up. 'B' sends raw material (after paying CST) to 'A' for manufacutre of his specified product and 'A' keeps 'B's stock in his godown. Can 'A' buy this material from 'B' by raising a CREDIT MEMO and in the books regularises by passing Journal Entry Dr.Raw material inventory and Cr. 'B's Account.
Ganesh & Gopal joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Ganesh 90000 Withdrawals of Gopal 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.
if the goods are purchased against H Form, is there any specified time limit winthin which they should be exported?; if yes then wat is that limit?
due date for issue of C form, if c form is not issue what will be the consequences
please provide to us the rules of wct in andhra pradesh (Hyderabad)
If a nri buys property in india, does he has to pay property tax?
send me all current year taxation such that rates and exemptions or on which web site i have to prefer
WHAT IS THE MAIN OBJECTIVE TO ISSUE THE WAYBILL TO THE SUPPLIER ? WHAT IS THE TAX LIABILITY ARISES ? WHO HAS THE OBLIGATION TO PAY THE TAX ?
A Service provided has provided bill amounting rs. 100000 dt. 30/04/2013 & i have paid amount with 30000 Rs. as on 24/5/2013, & 20000 paid on 7/6/2013 & rest of the amount has been paid as on 15/6/2013 then on which amount TDS has been deducted. may it deducted on Bill amount or payment amount? If bill amount then at which date TDS entry should be done ? & if on Payment date then which date. and if i want to compute interest for late payment of TDS then Which date should be consider for interest payment computation. Do the needful for the same.
What is Labour Cess? Pl. define. & what is rate of Labour cess.