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
From Karnataka,while sending material out, which are all the states required Form 38?
#IS IT NECESSARY TO COLLECT T.C.S ON EVERY POINT OF SALE# THAT IS IF MANUFACTURER SOLD ANY OTHER FOREST PRODUCE NOT BEING TENDU LEAVES (T.C.S @ 2.5%)TO TRADER,IS IT NECESSARY FOR TRADER TO DEDUCT T.C.S.MANUFACTURER ALREADY CHARGED T.C.S TO TRADER & ISSUED TO TRADER 27-D FORM.WAITING FOR CLEAR CUT REPLY
WHAT IS THE BANK RECONSILATION, WHAT THE FORMAT OF IT
While depositing cash at any bank above then Rs 50K, we need to provide PAN Card or we have to fill form 60, but tell me why a person needs to sign FORM 60 if he is paying installments of >50K of Loan availed by him/her earlier? As if he is repaying Loan, not depositing in his A/c?
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
For what Purpose we should pay Profession Tax? After paying Profession Tax we can get benefit for personnel return filling? If Yes? than where?
Is wct charged on firm or proprietors ?
how to calculate entry tax interest rate 2011-2012 assessment pending amt. is Rs.32000
what is central excise tax
How can the management breakup the salary of employee(if salary Rs.10000/-) which % they calculate the Basic,T.A,D.A,H.RA.and e.t.c.
Is there any change in the section 80DD for the financial year 2009-10
What is excise & service tax? What is the difference?
what is form 8? what are all the details to be collected while buying c form
if am registered dealer & i am using road permit, i have to pay entry tax, which goods, I am receving in jammu
How can a taxpayer get a refund for an overpayment of taxes?