The party has raised service bill for Rs. 120000. The TDS
deductor company made TDS on Rs. 100000 i.e., Rs.20000 is
deducted on the gross bill of Rs 120000. My question is
whether to deduct TDS on Rs.120000 or on Rs. 100000?
- 5 Answers
- 7463 Views
- I also Faced
- E-Mail Answers
Answer Posted / santhy
The party has to deduct tax on 120000/-
| Is This Answer Correct ? | 6 Yes | 3 No |
Post New Answer View All Answers
Can we take rebate on Exports done before 6 years ? If no, why ? What can be done ?
Type of form use in sales Tax
is it necessary to use form38 in UP for purchase of goods from outside UP @5%CST Tax
If any body have knowledge for vacate position for the post of Accountant kindly mail me verma_moti@yahoo.co.in (handling Accounting upto finalisation,Sales tax/vat,TDS,Service Tax,Excise tax and MIS.
vat return dates for uttrakhand
A Old Government Job retired Personnel who is getting his Pension amount@Rs.11000/- per month. He has put his retirement Fund in Bank Deposit for 1 year. No Bank is deducted TDS on that amount. Do we have any way by which his TDS can be refunded or saved
what is the method of work contract tax computation
HOW MUCH PENALY IF SALES TAX IS NOT PAID ON DUE DATE IN HARYANA SALES TAX
DEFINATION OF LABOUR ACT?
How to adjustment of CST ? and also tell me about C-Form affairs ?
The value of the tax invoice is lesser than the value on the state permit. Is this acceptable.
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 ?
how we can access the Tax Deduction through PAN ?.
Dear Experts, I need your help in deriving a formula for calculating three taxes with a combination of cumulative and inclusive tax. Here are the examples with expected result. Please let me know the formula on how to get the given result. Example1: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and there is no cumulative of Tax1, Tax2 Expected Results are: Tax1=76.34 Tax2=83.97 Tax3=76.34 Let me know formula to derive above values? Example2: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and cumulative of Tax2 Expected Results are: Tax1=75.70 Tax2=83.27 Tax3=84.03 Please let me know formula to derive above values? Thanks in advance.
Define assessment year.
