TDS IS TO BE DEDUCTED ON WHICH AMOUNT - THE INVOICE AMOUNT
OR THE INVOICE AMOUNT PLUS TAXES (SALES/SERVICE TAX)?
- 3 Answers
- 12894 Views
- Progressive, I also Faced
- E-Mail Answers
Answer Posted / akhilesh thakur
TDS should always deduct on the net amount of source
income. It never shall be deducted including the Service
Tax Amount. TDS Always shall be deducted on the amount on
which service tax has been charged.
| Is This Answer Correct ? | 2 Yes | 3 No |
Post New Answer View All Answers
Differentiate between financial year, assessment year and previous year?
We have wrongly used road permit of other party in consignment to kolkatta.The road permit used is the party from Kolkatta.How to resolve the issue ??
What is excise & service tax?
How to working service tax in excel sheet?
interest paid to bank rs.15000 in conection with statutory income tax proceedings.
Dear Sir, Regarding for WCT, IF FORM DVAT-43 MADE FOR DELHI STATE.So Is there any Form availabe for Haryana State. Would request you to please let know Answer in Yes or No or which form is available for HR State If do you have any kind of list for same please have suggested me.
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.
Sir, in CEntral excise we need to pay some amt with interest ex.13815 amt for 66 days how to calcualte this?
Define deferred tax liability? What items come under deferred tax liability?
what will be my tax if i suddenly got 800000 to 1000000 in my bank by chq from sale of an old house?
what is the vat rate of Saw dust powder in maharashtra
which date Entry Tax has been started by Himachal Govt. and Please let us know the which act under Entry tax comes
how much TDS required in telecommunication services ? Any types of Telecommunication, provider or services receiver
we are the manufacture of leather shoes, we send the shoe sample to some parties , can it we shown in RG1 Register , if shown then , where ? if not then why ?
When and how Wct is applicable on Labour Job Work and what is the percentage?
