Interested to Buy Any Domain ? << Click Here >> for more details...
I am a newly appointed consulting engineer to a coirporate
infrastructure company.I am offered a consultation fee of
Rs.!500000(fifteen lakhs) per annum.
My question is for the purpose of working out the income
tax what is the gross income.Is it the balance of the fee
received less the service tax paid ?
- 1 Answers
- 3726 Views
- I also Faced
- E-Mail Answers
Answer Posted / sumit
for income tax purpose u r income is assumed is rs 15 lakhs
net of service tax
u have to pay service tax on 15 lakh
ie means u have to charge service tax extra in u r bill
& compnay can get the service tax benefit against this
so there is no loss to the company
if compnay is manufacturing co. or a service provider
company
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
in relation to pioneer industries, explain the following terms:1,production day. 2,certificate of qualify expenditure. 3,income tax relief. 4,pioneer certificate 2. list seven pioneer industries which fall under pioneer status as contained in the industrial development act 1971
we are Rising contractors(Propritorship concern) and register with "mining of minerals" service. we rise the bills to mine owner (we do not add the service tax in bills) monthly. can we eligable for paid to service tax.
What is export under ribet notification number
WHAT IS COMPOSITION RATE IN Andhara pradesh SALES TAX?
WHAT IS THE PORVISION OF INCOME TAX & SELF ASSESSMENT TAX AFTER AUDIT IN PVT LTD CO & LTD CO , PLEASE GIEVE ANSWER IN DETAIL WITH ENTERY TO MY E-MAIL ADDRESSS
M paying salary of Rs. 22500/-, 21500/- & 17500/- to my employees, frm June 2010. I still have not deduct TDS from their salary. I have not applied for TAN No. M also paying rent of Rs. 50,000/- pm. And also have not deducted TDS on it. What should I do now?
ER-5 & ER- 7 ER -4 related all information 1) What Fill The ER-5 & ER- 7 ER -4 2) What Infomation Fill In the return
professional tax rate
is WCT applicable one time? and what will be rate of WCT in UP State?
if i paid interest on tds for ex:- tds deducted on rent for the month of april, may, june rs. 20000 each for month and tds paid on 7th july then i have to pay interest @ 1.5% for rs. 1200 , 900 , 600 respectively , so i wanted to know what is the entry for rising of this interest in accounting software other than tally
what is excise
Let me know the clauses (A)& (B) Of section 113 of the finance (No.2)Act2009?
WHAT IS TDS?SHOULD WE FILE TDS TO PURCHASE A THING .SHOULD WE PAY BOTH TDS &TCS FOR THE SAME THING
I am working as account in one of the logistics company for one year. I would like to know about service tax and how can I post necessary entries
is there any necessity to file TDS to purchase a thing even ater paying vat
