what is service tax rate of work contract in f.y.2012-2013
and what is compos ion scheme and normal scheme
Answers were Sorted based on User's Feedback
Answer / binod kumar singh
AS PER NOTIFICATION UNDER REVERSE MECHANISM THE RATE OF
WORK CONTRACT IN F.Y 2012-13 IF THE SERVICE PROVIDER ARE
Individual, HUF, Partnership Firm & AOP
THAN SERVICE RECEIPENT WILL HAVE TO PAY 50% AND SERVICE
PROVIDER WILL HAVE TO PAY 50%
FOR EXAMPLE,SUPPOSE THE BILL OF RS.5000/- THAN WE WILL HAVE
TO CALCULATE THE TAX IS AS FOLLOWS-50% OF 5000=2500,
12.36% OF 2500/=309
SERVICER RECEIVER WILL PAY RS.309
SERVICE PROVIDER WILL PAY RS.309
| Is This Answer Correct ? | 6 Yes | 2 No |
kindly advise me any set off in excise duty in maharashtra
0 Answers Kanakia Group, Marvel Abrasive Tools,
what is the rate of service tax in haryana?
if bank deduct the tds, it should show in p&l or balance sheet?
we have got a bill of maintinance charges (material Bill only. bill amount is rs. 5000/- now my question is how much wct we have to cut.
Is TCS is collected in respect of Scrape Sales only? If yes then what will Scrape includes?
Can anybody tell me what is Due date to file Form-501 under MVAT to claim refund?
I want to know the liability of tax agaisnt 'C' Form if i am not able to produce the form in front of authority.
8 Answers ABB, Join Leader Chemtech,
If any payment made for purchase of computer parts (mother board , ram, monitor)say 1/100 of monthly income (if income is 1000 & expences is rs.10) than whether it is computer expence (revenue expenditure) or computer (capital expenditure). Kindly specify in detail
Our Company dedduct TDS on the collection charge and claim (rate diff claim, scheme claim, collection charge means , if any party take material directly form our store our company give them frieght charge and deduct tds@10.30%). my question in what category of this type of TDS decution ? is it payment to contractor or what ?
Define financial year?
What is Service Tax, what percentage it was deducted in shipping company.
what will be my tax if i suddenly got 800000 to 1000000 in my bank by chq from sale of an old house?