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
- 21806 Views
- Gammon, I also Faced
- E-Mail Answers
Answer Posted / viswa
In the above case we take 12.36% as service tax input
credit so we have to deduct tds for Rs.100/- only not for
112.36/-
| Is This Answer Correct ? | 0 Yes | 2 No |
Post New Answer View All Answers
HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,
Pl give the abstract details of Karnataka VAT Payment procedure, rebating, returns filing in connection of manufacture, distributer & retailer.
what is form 8? what are all the details to be collected while buying c form
how we creat e-vat return in tally for punjab
how to calculate deffered tax, relating to company.. pls explain with examples.. also about timing differences..
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.
what is cenvat credit? plz tell service tax interest rate and watz it procedure...
agar hum koi sale return 3 month ke andar hi receive krte hai or part uski cst purchase ka bill deti hai or humse c form mangti hai to kya hum use LS-10 me tax benefit ke liye and LP-3 me c form issue krne ke liye kyoki central purchase ka haryana vat me benefit nhi milta kya dono form LP-3 and LS-10 me hum us return ko show kar skte hai
in case of vehicle hired for staff pick up & drop for 1 month or 1 year, TDS is applicable ? if yes then which code is mention in challan & which rate is applicable ? in case of vehicle orner is personal or company which rate applicatble ?
what is capital account? how to manage it? what is the process?
Which form used for registration in GST?
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 ?
send me all current year taxation such that rates and exemptions or on which web site i have to prefer
define double entry bookkeeping
What is Stock Reconciliation Statement , why we make the Stock Reconciliation Statement.
