Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 8 Answers
- 28498 Views
- Market Insight, NetTantra Technologies, Simoco, I also Faced
- E-Mail Answers
Answer Posted / sanjay s. mehta
TDS SHOULD BE CALCULATED ON BASE AMOUNT ONLY i.e. EXCLUDING
SEVICE TAX;AS THE SERVICE TAX IS NOT A PART OF INCOME BUT
JUST FOR DEPOSITING TO GOVT.A/C
HENCE THE AMOUNT OF SERVICE TAX IS INCOME OF THE GOVT.
AND NOT FOR THE PARTY CONCERNED;SO THIRD PARTY TAXATION IS
NOT LIABILITY OF PARTY CONCERNED.
| Is This Answer Correct ? | 5 Yes | 11 No |
Post New Answer View All Answers
what is the difference between vat 100 and vat 120?
AS PER VAT AUDIT WE HAVE REFUND OF RS.25000/- ON PURCHASE OF FIXED ASSETS WHICH WE DID NOT CLAIM LAST YEAR, NOW WHAT ENTRY SHOULD WE PASS IN BOOK. ITS URGENT
what is central excise tax
What are the treatment & implications if party doesn't provide C Form in interstate sales transactions & also same if provide C Form.
interest paid to bank rs.15000 in conection with statutory income tax proceedings.
please let me know how to show the sales to unregisterd dealers in tn ctd new portal and in which annexure to select for filing sales to unregisterd dealers, cash / consumer sales
which items should be covered the Entry Tax by HP Govt instead of Purchased
Please let me know the depreciation rates.... com 2011-12.... Vechicle - Computer - Furniture - Tel instrument -
Hi, Please guide me in the TDS calculation. I know the slabs.But I dont have much idea about the deduction part.What is the need of Bsic and HRA while calculating TDS.Also I heard that LIC, Rent etc is excempted from TDS.Please guide me...my email id is tinjusyriac@gmail.com Thanks in advance..
Dear Sir, we have purchased Poly Covers ( 360mm x 560mm)for raw material use.This Input vat claim it or not ?
What doyou mean by assesment order? and for what purpose it will be passed?
What is Form 12A & Form-H and where is applicable.
i have paid P-TAX ( employee ) in EC code & P- TAX ( COMPANY)paid in RC code.how can i solve this poblem?
professional tax rate
80DD Dediction
