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i am work in partnership firm. i recd. the bill of security
charges & Labour charge contain service tax. whose amount
will be taken for tds deduction befor service tax or after
service tax.pls guide me what's will be the entry of these
transaction.

Answers were Sorted based on User's Feedback



i am work in partnership firm. i recd. the bill of security charges & Labour charge contain se..

Answer / krishnabahadur rana

I TOO WORKING IN PARTNERSHIP FIRM
-------MY ANSWER IS -----
TAKE TDS DEDUCTION AFTER SERVICE TAX.
IN TOTAL AMOUNT.............

Is This Answer Correct ?    4 Yes 1 No

i am work in partnership firm. i recd. the bill of security charges & Labour charge contain se..

Answer / rahul shahu

Tds deducted on basic amount

Example,suppose the bill amount is 10000

Basic amount = 10000
Service tax 14% = 1400/-
So the total bill amount is 11400/-

So tds deduct on basic amount means tds deduct on 10000/-

Is This Answer Correct ?    1 Yes 0 No

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