Rent is 50000 and service tax is 6180 what is the tds amount?
Answer Posted / shahezad
The TDS Deducted on the rent including service tax is the right way to deduct the tax ..and if in the case of rent ..the Question regarding the aggregate amount of rent should be 180000 the tds on rent is applicable to aggregate amount of rent is 180000/- in a financial year ...hence the rate of tds is 10% on rent ..but in this case the tds would not be deducted ..
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
I am an employee in a IT Company. While filling out the form it prompts to fill - Details of Tax deducted at source from Salary (as per form16) and then it again prompts to fill - Details of Advance tax and Self Assessment Tax. if i fill both the columns, i get end result as 2 times of Tax i paid and a refund.
How can I Return CST Form-I
when we want bought a new asset (for ex. car)how we calculate our income with the eye of income tax
I want to do correspondence course related for taxation, where I can learn income tax, service tax, sales tax etc. Any one can suggest from which university can I do and name of the course also.
send me all current year taxation such that rates and exemptions or on which web site i have to prefer
please explain what is actually E-15 what is its process and also what its importance.
we issued the H form for the 1st quarter 2014-15 but in the 2A we posted the wrong TIN no of party and H form is also contains the wrong TIN No.if anybody know the correct procedure for correction of H Form kindly tell us.
which purchases is profitable for us a building material purchases from direct of contactor ?
Beginning Balance, Dec. 31, 20xx Creditable Income Tax 211,829.00 Income Tax Payable (132,808.00) > Balance 79,021.00 ITR (1st Quarter) - Jan. 31, 2016 - Mar. 31, 20xx Normal Tax (30% of Taxable Income) 2,205.02 MCIT (2% of Gross Income) 7,865.71 Aggregate Income Tax Due (Normal Tax vs. MCIT whichever is hihger) 7,865.71 Less: Tax Credits/Payments Prior Years Excess Credits 79,021.00 Creditable Tax Withheld - 79,021.00 Tax Payable, per return (71,155.29) What should be the entry in my book to record the above transactions? Thank you!
what is period VAT revised return can be filed?
why charges PURCHASE @ 15 % TAX RATE ?
what is Bank Stock Statement and which companies required bank stock statement, how can we make the bank stock statement
How many types of vat categoryplease tell me all type of vat categories..............
I have transfered the goods in F-Form (i.e. from one state to another) but now the problem is when I have sold the material in the Local market say for 100+tax=100tax, some of the material got defective say 50+tax=50tax. We will have to issue F-form of how much ??? 100 or 50. Kindly send me the same to my mail address - u15326@rediffmail.com
What is Form-I, FORM-F, FORM-H, FORM-E and FORM-C?