Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

  1. Categories >> Accounting >> Taxation
  2. Suggest New Category

The party has raised service bill for Rs. 120000. The TDS
deductor company made TDS on Rs. 100000 i.e., Rs.20000 is
deducted on the gross bill of Rs 120000. My question is
whether to deduct TDS on Rs.120000 or on Rs. 100000?

Question Posted / shankar

Answers were Sorted based on User's Feedback



The party has raised service bill for Rs. 120000. The TDS deductor company made TDS on Rs. 100000 ..

Answer / alkesh

TDS will be deducted on Rs. 120000/-

Is This Answer Correct ?    12 Yes 4 No

The party has raised service bill for Rs. 120000. The TDS deductor company made TDS on Rs. 100000 ..

Answer / h.r. sreepada bhagi

If the company wants to pay only Rs. 1 Lac., then TDS is
applicable on that amount & if the whole amount is payable,
then it's applicable on Rs. 1.20 Lacs. In other words TDS is
applicable on the total amount payable towards the services
/ contract.

Is This Answer Correct ?    5 Yes 1 No

The party has raised service bill for Rs. 120000. The TDS deductor company made TDS on Rs. 100000 ..

Answer / santhy

The party has to deduct tax on 120000/-

Is This Answer Correct ?    6 Yes 3 No

The party has raised service bill for Rs. 120000. The TDS deductor company made TDS on Rs. 100000 ..

Answer / vishwas

TDS means Tax Deducted at source .It should be deducted on
Amount payable & not on amount paid. Here the bill amount is
Rs. 1.20Lacs i.e. payable. Hence TDS shold be deducted on
Rs.1.20 Lacs only.

Is This Answer Correct ?    4 Yes 3 No

The party has raised service bill for Rs. 120000. The TDS deductor company made TDS on Rs. 100000 ..

Answer / gouthami

TDS will be deducted on Rs:100000/-

Is This Answer Correct ?    9 Yes 10 No

Post New Answer

More Taxation Interview Questions

What is form 38 & form c

2 Answers  

What doyou mean by assesment order? and for what purpose it will be passed?

0 Answers  

serice tax can be exempted in calculation of tds on contract wages as exempted like rent on service tax

2 Answers  

My Question is regarding WCT. During an audit of a company, i saw a contractor consolidated invoice for installation at site in which it shows labour charges and goods supply separately and no service tax and vat is charged. The company pay the whole amount to contractor after deducting TDS. my question is whether WCT also deducted? if deducted at which rate if company in gurgaon?

0 Answers  

what is defered revenue tax

3 Answers   Animaster,

what are the rates of depreciation as per companies.Act.?

1 Answers   Impulse, Statex,

why use the tax & duty in Accounts

1 Answers  

what is rate of different service tax in haryana

0 Answers  

I have an interview, they are asking direct and indirect taxes and exp. pls tell me any one regarding this which type of questions they will be asking.

3 Answers  

we working a partnership firm, so how fill up tds form in company decteed or non company dectee

2 Answers  

can we accept Rs.20,000/- and more as advance against order from costumer?

3 Answers  

How Can i file tds return

1 Answers  

For more Taxation Interview Questions Click Here
Categories