Is t.d.s deducted on Freight including Service Tax ?
Answers were Sorted based on User's Feedback
Answer / pardeep
TDS will be deducting by leaving the service tax factoru
for example:
freight 100-00
service tax 12-36
tds will be deducted on freight amount only i.e rs 100/=
| Is This Answer Correct ? | 42 Yes | 27 No |
Yes, TDS will deduct including Service Tax,
Only in case of Rent TDS will deduct excluding service tax.
| Is This Answer Correct ? | 15 Yes | 2 No |
Answer / prashanth
Yes, TDS will deduct including Service Tax, But in case of
rent TDS will not deduct up to amt 150000/- pa. after words
TDS has to deduct 20% for company, 15% for Individual &
HUF. Other than this, TDS is exempted for some cases those
having exemption certificate under terms & condition
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / manish kumar shah
yes tds will be deducted on freight including service tax
if only there is no bifurcation of freight amount and
service tax amount otherwise the on bifuracation of both
amount the tds will be deducted on freight amount only but
as a common practice the person deduct tds on the whole
amount
| Is This Answer Correct ? | 3 Yes | 1 No |
HOw to pass vat adjustment entry while paying vat return?
what are the slab rate for F Y 2010-11
Can TDS be deducted without the minimum exemption. for rent if annual rent is 1,50,000 then calculate TDS.
Till the Discounted bill is paid by acceptor it remains. 1) A contigent liabilities for the acceptor. 2) A contigent Liabilities for the Drawer. 3) A contigent Liabilities for the bank 4) A contigent Liabilites for drawer
local sale tax rate is 5%, 12.5%. what will be CST rate without c form ?
can we take credit under service tax of services taken after 6 to 7 months?
Provision entry for current Year Income Tax A/c ----Dr To Income Tax Payable A/c Adjustment entry in next Year Income tax payable---Dr To bank A/c kindly tell me which head of income tax a/c and income tax payble a/c
when submitted ER1 by online that time by mistake wrong opening balance selected & returned is submitted .what to do
5 Answers KEC, pms precision engineers, Proton Power Control,
what was the VAT rate on inverters(home ups) in karnataka on 2016??
What is meant by asset clearance . how should i make my entries in tally
WHAT IS DEFERRED TAX LIABILITIES.AND WITH EXMPLE DEFERRED TAX ACCOUNTING?
Dear Experts, Please advice, what are the rate of WCT , and is it differ from individual to companies in case of deduction ( if i am the deducting person)