is WCT TDS should deducted on gross value (basic+service tax)?
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Answer / sandesh
YEs as per VAT gross value of bill is to be selected
| Is This Answer Correct ? | 26 Yes | 5 No |
Answer / raju
wct tds will be deducted on the amount of work done. since for the calculation of the service tax we should not consider the VAT amount, means service tax will be charged on the amount of before vat. so at the time of the wct tds calculation the service tax portion will be deducted from the gross invoice.
| Is This Answer Correct ? | 19 Yes | 3 No |
Answer / kumar goutam
wct will be deduct on before service tax amount but tds
will be deduct after service tax
| Is This Answer Correct ? | 8 Yes | 10 No |
A Old Government Job retired Personnel who is getting his Pension amount@Rs.11000/- per month. He has put his retirement Fund in Bank Deposit for 1 year. No Bank is deducted TDS on that amount. Do we have any way by which his TDS can be refunded or saved
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exp: bricks 4000*5% =200 is input it can be add GP @ 10%. So it cane be 200*10% = 220 output Then 220-200 = we pay only 20. It is correct or not Regards G.Kamal
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