Answer / eknath

TDS is income tax. Income tax is liability of every profitable entity. If liability is to be paid in advance or at source on that day it becomes Asset of business

Answer / raghu.v

TDS will deduct on income.

when we provide the service to customer ,they will deduct and will pay remain amount,TDS amount we will consider as asset and same will claim at the time if Income Tax Return( will less on tax paying)

WHAT IS THE MAIN OBJECTIVE TO ISSUE THE WAYBILL TO THE SUPPLIER ? WHAT IS THE TAX LIABILITY ARISES ? WHO HAS THE OBLIGATION TO PAY THE TAX ?

0 Answers   Essar,

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Hi, Our Company Purchase Rs:15,00,000 worth of Truck from a person, When at the time of Payment We deduct TDS or Not? Note: There is No Agreement or Contract with them I need the Help. Regards Sakthi

5 Answers   Bajaj,

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What is Cenvat 

3 Answers  

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what is the rate of tds on interest payment and basic exemption limit for general insurance co.

1 Answers  

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i forgot to deduct tds in Contractor non corporate in july 15 so what should i do now? Please Suggest.

3 Answers   Mahindra Holidays and Resorts India MHRIL,

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My Question is regarding WCT. During an audit of a company, i saw a contractor consolidated invoice for installation at site in which it shows labour charges and goods supply separately and no service tax and vat is charged. The company pay the whole amount to contractor after deducting TDS. my question is whether WCT also deducted? if deducted at which rate if company in gurgaon?

0 Answers  

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THERE IS EXCESS TDS REMITTED UNDER SECTION 194 H IN EACH MONTH STARTING FROM APRIL 2011 TO DECEMBER 2011.THIS IS DISCOVERED IN JANUARY 2012. THE QUARTERLY RETURN IS YET TO BE FILED. HOW TO TAKE EXCESS CREDIT IN FILING QUARTERLY RETURNS ? WHETHER EXCESS TDS CAN BE ADJUSTED AGAINST REMITTANCE OF TDS FOR JANUARY 2012 (UNDER 194 H ONLY)AND THE BALANCE ONLY CAN BE REMITTED? IF SO, HOW TO GIVE THE CHALLAN REFERENCES IN THE RETURN?

0 Answers  

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I've bought goods from other state at 2% for trading. What is the rate, I've to charge for my customers?

1 Answers  

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Tall me Current tds Rate

5 Answers  

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how will one calculate TDS when the bill is with service tax (SAY an AMC bill ) and what treatment will be there when it is a rent bill with service tax. is there any rules in income tax as to deduct double taxation?? pls help with rules sir

0 Answers  

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What is the TDS % & limit on Maintance Charges of Office Space.

4 Answers  

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for the deduct of tds on rent including service tax or not

2 Answers   Ernst Young,

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