Interested to Buy Any Domain ? << Click Here >> for more details...
If some service provider gives a bill having service tax.
say cost of service is Rs 100, He is adding 12.36% sevice
tax. Total comes 112.36. we have to deduct TDS @ 11.33%.
On what amount we should deduct TDS? (on 100 or 112.36 )
- 16 Answers
- 21912 Views
- Gammon, I also Faced
- E-Mail Answers
Answer Posted / sanjay roy
What I know that we are supposed to deduct Tax on the
portion of service rendred by the Party. Tax can be
deducted on the Income Portion of the Bill. Service Tax is
not form any Income of the Party. Party act as a middle man
to collect (Govt Said So) Serivce Tax on serivce provided
and subsequently deposited to the Central Government. It is
illogical to deduct Tax on Service Tax. I donot have any
idea that we should deduct Tax on another Tax. At the end
of the year we pay Income Tax on the Income portion only.
| Is This Answer Correct ? | 1 Yes | 5 No |
Post New Answer View All Answers
is a pvt ltd. comp. can give advance against salary to his director.
What do u mean by sales tax and who are sales tax practitioner ?
SELLER A : has a w/house in chennai and bangalore both and the BUYER B is based in chennai. SELLER A carries stock in both the locations. Can BUYER B buy who is based in Chennai request purchase from Bangalore through C-form .. and if so will there be any obligation on the Seller A
Company A from Maharashtra dispatch material directly to company C in Maharashtra & Billed to Company B in Karnataka. Co. A raised billed to Co. B charged local VAT., Co. B raised bill on Co. C tax rate NIL. Can Co. C claimed on VAT amount ?
WCT charged on firm or on proprietor?
what is the difference between vat 100 and vat 120?
If the the material sent for job work in outside state for job work ,what should be service tax chargeable or not if material receipt after job work done to job worker kindly suggestion
what is the method of work contract tax computation
What is Labour Cess? Pl. define. & what is rate of Labour cess.
wct amount deducted by main company .that amount will be returned Subcontractor?If yes,how process is given me.
I had filed e-filling IT Return for A.Y.2011-12 before 1yr but yet I have not get Refund & not seen refund status at on income tax site now I filed e-return for A.Y. 2012-13 now what i do for refund A.Y. 2011-12?
What is tha Central sales tax rate 2010 in andhrapradesh
At what point excise duty is accrued
WHAT IS THE LIMIT ABOVE WHICH WE CAN DEDUCT THE TDS ON VARIOUS CATEGORY LIKE PRIFESSION, CONTRACTOR, INTEREST, RENT, SALARY ETC.
I have doubt on Input VAT & Output VAT (incoming vat / outgoing vat) I have a HMS software, where we have interface to tally erp. When we import the transactions to Tally from HMS (Hospital Management System) All the purchases what we do for a period, the tax paid on these purchase are showing as out going vat. Similarly when we do the sales of those purchased items through HMS, tax collected from customer is showing as incoming vat. Is these are correct terms what they had mentioned in HMS? Please help me out.
