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
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 |
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 |
what is the need of information to the high level managment and what is the need of information to middle level managment
What do you mean by Commercial Tax?
Define the term "Manufacturer"as introduced in finance act2010.
My estimated income for the financial Year 2009-10 will be 485000/- please make a tax plan to escape legally from paying taxes
What is TDS?
How to prepare the Sales Tax and Sales Tax return?
What is the Special provision for computing profits and gains of business of civil construction
3 Answers GET Engineering Construction,
Define FBT with example & how it can be calculate ?
Can we claim rebate of Securities transaction tax (paid on trading in F&O segment of stock market) while paying/calculating Income tax
define double entry bookkeeping
How you calculate Personal tax, business tax, income tax, service tax?
land lord raise Rs 107175/- as rent on leased premises plus the service tax @ 10.30/- we deduct tds at the rate of 10% we avail 50% how to pass entries and how much amount do we have to pay