Interested to Buy Any Domain ? << Click Here >> for more details...
land lord raise Rs 107175/- as rent on leased premises
plus the service tax @ 10.30/- we deduct tds at the rate of
10% we avail 50% how to pass entries and how much amount
do we have to pay
- 1 Answers
- 3595 Views
- I also Faced
- E-Mail Answers
Answer Posted / guest
TDS should be deducted only on the amount of rent
paid(Excluding Service tax)@ 10% if the amount of rent paid
per annum is >180000.
In the Above case the land lord raised Rs.118214(i.e,
107175(Rent PM)+11039(Service tax @ 10.3%.
Now we Availed only 50%, that means 50% is Due so the amount
to be deducted as TDS on Total payment is Rs. 10717.5(i.e,
107175*10%)though we avail 50% we have to deduct TDS on total
Amount.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
i want to know that how much input credit we can take of service tax if our input service tax is greater than of out service tax what we should do?,,,,,,,,,,plz reply as soon as possible
When & how vat audit takes Place in haryana. Is Scrutiny & vat audit is same?
Excise duty applicable for Handmade Production?
Should WCT deduct on Invoice where VAT charged but service tax not charged as service tax is not applicable to concern vendor (vendor gross income under 10Lacs)?
how to caluclate the central exicse duty? how to implemting in to tally ERP9?
Can I use a single way bill for 1 vehicle dispatching material from multiple consigners to a single consignee???
if cst sales and purchase is completed and we issue c form and received c form also.but in next month both sales and purchase are return. my question is how to pass reverse entry when c forms issue/receive. how it cst return also.
Is wct charged on firm or proprietors ?
Dear Experts, Please advice, what are the rate of WCT , and is it differ from individual to companies in case of deduction ( if i am the deducting person)
Can a person fill a nri in an income tax form if he has been out of india for six months though he is indian citizen?
Calculate debtors at the end of the year? debtors-50000, bad debts-2000, discount allowed-1000, 5% on bad debt, 2% discount allowed?
How to calculate sales tax ?
i had received an arrear 0f Rs.700000/- lacs for the period 1.1.2007 to 31.3.2010 and Rs.78000 for the period 1.4.2010 to 31.7.10 during aug'2010. my normal salary for 2010-11 is 400000/-. on what amount will my rent free house perquisite be calculated? i have also claimed rebate u/s 89 by distributing my arrear salary in previous years.
Please help me to find VAT Rates of the follwing Items in A.P 1.Fiber Glass -CSM -Roving W.R Polyster Resin G.P{general purpose)Roofing,ISO Thanks & Regards Mohan .V
What is FBT? Is there any fixed rate of tax for all? or slab rate? pls give the detailed answer with examples. My e- mail ID: vijji_tv@yahoo.com
