Interested to Buy Any Domain ? << Click Here >> for more details...
How to calculate TDS on rent when rent is added with
service tax?
- 2 Answers
- 6591 Views
- INDUS, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sm
suppose rent bill of Rs.5000
and service tax on it 12.36=618
now the net value of bill is Rs.5618
we will deduct the TDS @10% on Rs.5000 only=500
(BDT had issued a Circular No. 4/2008 dated 28.04.2008, wherein it was clarified that tax is to be deducted at source under Section 194-I of the Income-tax Act, 1961 on the amount of rent paid/payable without including the service tax component.)
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / binod kumar singh
suppose rent bill of Rs.5000
and service tax on it 12.36=618
now the net value of bill is Rs.5618
we will deduct the TDS @10% on Rs.5618=562
| Is This Answer Correct ? | 6 Yes | 6 No |
Define deferred tax liability?
What is the difference between income year, financial year and FBT year?
10 Answers Accenture, Capital IQ, College School Exams Tests, Genpact,
wht is the tds-meaning,heads,rates of 2008-09,procedure,all form,when tds is filling?
Anybody tell me What is Credit Availed, Credit Utilized & Credit Balance In service tax.
I HAVE PURCHASE MATERIAL IN 3% CST FROM U.P.AGAINST FORM 'C'. AFTERTHAT I WILL NOT GIVE FORM 'C' THAN HOW MANY RS. PAID TO PARTY.
What are the basic and additional conditions for resident and ordinarily resident (ror)?
I have the Total amount of 235242. 235242 is included (ST+ED+SED) 10.30%+ Basic of Sales. what is Basic Value???
What is the Difference between VAT and Sales Tax ?
1. Why some companies are not deducting the TDS or WCT on their clients Invoice.,? 2. How companies are getting exemption from Deduction TDS or WCT. ?. 3. What are the procedure for not to deduct the TDS or WCT on client invoice while making payment for their Invoice.?.
ON WOODEN FURNITURE EXCISE IS APPLICABLE OR NOT ?
A person buys and sells a number of vehicles in a tax year and makes a significant amount of profit in the process. Will such profit be taxable as capital gain?
if we are going to get the refund afterwards so why we should pay in advance the excise duty? if the excise duty paid in advance then what are the benifits for the company?
Audit 
