Interested to Buy Any Domain ? << Click Here >> for more details...
hi,i want to kow the difference between withholding tax and
service tax.what is the procedure of calclation of the
two.please help.its urgent.
- 2 Answers
- 10529 Views
- Wipro, I also Faced
- E-Mail Answers
Answer Posted / h.r. sreepada bhagi
Tax Deduction at Source (TDS) under any Tax law is also
referred to as withholding tax in some countries. In India
it's mostly referred to TDS under Income Tax Act, 1961. Tax
shall be deducted at source of payment (Either at the time
of credit to the payee's a/c or at the time of payment
whichever is earlier) at the rates prescribed in the Act
under various sections for different nature of payments -
For abstract details, refer Income Tax Ready Reckoner.
Service tax is leaved on the specified services at the
specified rates in the Service tax Act - For more
information refer Service Tax Act.
Both these taxes are payable to the Central Government in
India, by means of prescribed challans.
| Is This Answer Correct ? | 10 Yes | 1 No |
Post New Answer View All Answers
what is the full rate of cst/vat of building material ?
80DD Dediction
what is procedure to get c form? what is procees to get vat /tin no
professional tax rate
WHAT IS THE PROVISION OF INCOME TAX, SELF ASSESSMENT TAX AFTER AUDITING GIVE THE EXAMPLE WITH ENTERY
Can it be prssible, If any person purchase Reliance life insurance policy with nepal residence address profe. If yes then who can deposit nepal curancy in indian branch.
on earth moving road work which type of tax is applicable?
Please advise where to enter Income tax paid to Govt. in tally and on which head account to be created///
The value of the tax invoice is lesser than the value on the state permit. Is this acceptable.
ie it possible to charge WHT and VAT on one trancaction? if yes,kindly explain the dynamics/working of both taxes
What is Cenvat
Our Company dedduct TDS on the collection charge and claim (rate diff claim, scheme claim, collection charge means , if any party take material directly form our store our company give them frieght charge and deduct tds@10.30%). my question in what category of this type of TDS decution ? is it payment to contractor or what ?
Define deferred tax liability? What items come under deferred tax liability?
what is rate of different service tax in haryana
Pl give the abstract details of Karnataka VAT Payment procedure, rebating, returns filing in connection of manufacture, distributer & retailer.
