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
- 10430 Views
- Wipro, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / 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 |
What is an entry for INCOME TAX REFUND ?
what is document require for vat registration?
a employee has 4000/- per month what is the tds , esi, and pf
What do you mean by Capital Asset?
what is vat.how it calculated.example i purchased Rs.5000.how much percent charged vat.how post entry
Please let me know How to deduct TDS when we paid amt to the vendor in account payable and what procedure for doing payment of tds and how
I want to know about the site where i can do online application for F form. Please suggest site address and procedure.
FBT % on Tour & Travelling Exps?
Can we take rebate on Exports done before 6 years ? If no, why ? What can be done ?
In the excise bill I have applied basic excise duty only. The excise duty of cess(2%) and Hcess (1%) is not applied. Is this correct???
if i purchased a tally software CD, Am i liable to pay service tax on it or sales tax or both on it?
Explain the Calculation of VAT ?
Audit 
