Interested to Buy Any Domain ? << Click Here >> for more details...
When calculating tds on a service bill ,TDS need to be
calclated on "Base Amount" or "Base Amount"+ "Service tax" ?
please answer with relevant provision
- 8 Answers
- 28860 Views
- Market Insight, NetTantra Technologies, Simoco, I also Faced
- E-Mail Answers
Answer Posted / sanjay s. mehta
TDS SHOULD BE CALCULATED ON BASE AMOUNT ONLY i.e. EXCLUDING
SEVICE TAX;AS THE SERVICE TAX IS NOT A PART OF INCOME BUT
JUST FOR DEPOSITING TO GOVT.A/C
HENCE THE AMOUNT OF SERVICE TAX IS INCOME OF THE GOVT.
AND NOT FOR THE PARTY CONCERNED;SO THIRD PARTY TAXATION IS
NOT LIABILITY OF PARTY CONCERNED.
| Is This Answer Correct ? | 5 Yes | 11 No |
Post New Answer View All Answers
Our firm is 7 years old. We don't have PT registration for partners as well as employee. If we do it now, will it be a problem or how much penalty will come. Any one can give suggestion.
What is Labour Cess? Pl. define. & what is rate of Labour cess.
Please guide in Taxation. I want to know the CHALLAN NO, FREQUENCY OF TAX DEPOSIT,FILING FORM NO, FREQUENCY OF FILING OF ALL TYPES OF TAX(DIRECT & INDIRECT)
How many heads are there under total income?
WHAT IS TAXATION?
What are the various forms used for VAT?
HOW MANY FORM IS USED VAT AND CST, GIVE THEIR DETAIL E.G WHICH FORM WHERE IS USED. THANKS IN ADVANCE
WHAT IS MEANT BY CST? DO THE SUPPLIER CLAIM CST 2% FROM THE PURCHASER? WHAT ARE ALL THE RULES TO BE FOLLOW WHILE THE BUYER PURCHASE A 'C'FORM FROM THE CTO?
Can it be prssible, If any person purchase Reliance life insurance policy with nepal residence address profe. If yes then who can deposit nepal curancy in indian branch.
if i have a comany take contract from gvt. & i take contract from that company, & in his bill he show about all tax deduction ike IT, WCT etc, but material is purchase by that company not by us so here i want to know how WCT applicable? on total amount of contract or according to rule like material service & after adding all things??
What is CAARO?
Under the provisions of the BST Act, no registered dealer is allowed to collect any amount by way of tax in excess of the amount of tax payable by him. Excess tax collected is to be forfeited to Government. However i want to know whether tax payable amount is the amount before the set off claimed or the tax payable amount after availing the set off.
i want to learn income tax work please tell me about all dedutions exempations and income detail...how to calculate tax on net income
how many sale tax charged on the billing for central dealer by uttar pradesh dealer at furniture items ? & how many sale tax charged for u.p. dealer by up dealer ?
what is the percentage of vat like 4 % , 12.5 % etc ? how can do closing stock valuation ?
