Interested to Buy Any Domain ? << Click Here >> for more details...
i m agent of reliance life insurance i have sold one
traditional product of premium size 10,000/- rs and
comission rate is 18% what will be net comission will be
recd by me after deducting service tax and tds ?
- 6 Answers
- 11011 Views
- Bajaj Allianz, Reliance, I also Faced
- E-Mail Answers
Answer Posted / dhokchaule kishor
You are not liable to pay service tax u r only liable to pay
TDS on your commission @10% only when your annual commissin
earning cross exemption limit of Rs.20000/-
Regards,
Kishor Dhokchaule
Finance Executive
Prabhat Group of Industries,
Nirmalnagar- 413720
+919822508968
Kishordhokchaule@gmail.com
| Is This Answer Correct ? | 3 Yes | 2 No |
Post New Answer View All Answers
type of sale and purchase tax?
what is the Difference between Compound Sales and Deemed Sales?
do we have tds in nigeria
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
how we calculate the tds on salary.
How to determine TDS on Salary ? what are Limit for HRA ,insurance premium , Loan installment, children education fee etc. what type of Deductions for salary. please Explain Full and complete this concept with one example which cover all aspects regarding TDS on Salary.
we have sale material to party and freight paid by us. This freight charged in sale invoice than what is the entry of service tax in this case.
Ganesh & Gopal joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Ganesh 90000 Withdrawals of Gopal 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.
what is tax avoiding?
should we can take modvat benefit any time or they have some limit time to take input benefit claim?
what is CST % applicable on garments sales to other state?
Why TDS is not deducted on JSTF Contribution of Hinjewadi Industries Association?
why is service tax set off is consider while calculating wct tds
what is D-1, D-2, Vat-C4,
What is Stock Reconciliation Statement , why we make the Stock Reconciliation Statement.
