Interested to Buy Any Domain ? << Click Here >> for more details...
I am a newly appointed consulting engineer to a coirporate
infrastructure company.I am offered a consultation fee of
Rs.!500000(fifteen lakhs) per annum.
My question is for the purpose of working out the income
tax what is the gross income.Is it the balance of the fee
received less the service tax paid ?
- 1 Answers
- 3661 Views
- I also Faced
- E-Mail Answers
Answer / sumit
for income tax purpose u r income is assumed is rs 15 lakhs
net of service tax
u have to pay service tax on 15 lakh
ie means u have to charge service tax extra in u r bill
& compnay can get the service tax benefit against this
so there is no loss to the company
if compnay is manufacturing co. or a service provider
company
| Is This Answer Correct ? | 4 Yes | 0 No |
Any one can mail soft copy of Balance sheet,Trading and profit and loss alc.of a small firm or small co for study
Please tell me about service tax? And service tax latest rate?
30 Answers CDS Technologies, Decoplast, Goods Transport, Jay International, TATA, The Institute of Computer Accountants,
how to adjustent the accounts part of the company and how to calculate vat and gst .kindly answer me sir. my e-mail id is:- dipak92.dip@gmail.com
Is Govt staff also paying taxes in India
we have sale material to party and freight paid by us. This freight charged in sale invoice than what is the entry of service tax in this case.
please inform the all tax rates (i.e. TDS, VAT, CST, Service Tax, PF, ESI, IT)with payment date, returns filing date and form Nos. for the same.
Sales tax office sent C form to us, but we have not received c form? what is the procedure to get c form?
how many form 38(Road permit) can issue in one month or in one time
can we take 100% input of contractor service tax billing where service receiver have to pay 50% service tax
i have received bill from Catering Service in that they charges VAT and Service tax box.Please clarify wheather it is charge both TAX
when company issue c form to the seller it has to issue full amount of purchases or it has to deduct the 2% of cst amt Ex; purchase for rs.10000/- which includes 40 cst we have to issue c form for rs.9960 or we have to issue for rs.10000/- which one is correct
19 Answers Libratherm Instruments, Mobis India, Wipro,
on how much turnover did the excise duty will be implemented?
Audit 
