HEY FRIENDS... WANT TO START A DISCUSSION WHICH I FEEL A LOT OF US MUST BE FACING.... WHEN A CONSULTANT GIVES A COMPANY A BILL INCLUSIVE OF SERVICE TAX, IS THE TDS REQUIRED TO BE CALCULATED ON THE GROSS AMOUNT OR THE AMOUNT EXCLUSIVE OF SERVICE TAX...???
CONSIDER THE FOLLOWING SITUATION ... A CONSULTANT CHARGES Rs.19500 AS HIS FEES,. HE ADDS 12.36% i.e Rs. 2410 AS SERVICE TAX. THE QUESTION IS : WOULD TDS BE DEDUCTIBLE IN THIS CASE AS IT MAY BE CONTENDED THE TOTAL AMOUNT OF SERVICES IN THE BILL DOES NOT EXCEED Rs.20,000. ??? AND IF SO ON WHAT AMOUNT Rs> 19,500 OR ON Rs.21910 Very Happy TRICKY SITUATION Very Happy
AN ASSOCIATED PROBLEM RELATING TO THIS WILL ARISE WHILE FILING eTDS RETURN. WHAT WILL BE THE AMOUNT TO BE FILLED UP IN THE "AMOUNT CREDITED IN THE BOOKS" COLUMN. WILL IT BE Rs19500 OR Rs.21,910 SINCE THAT IS THE BASIS FOR THE PREPARATIONS OF FORM 16A's
POINT TO DISCUSS . YOU MAY ALSO GET IN TOUCH WITH ME ON :
REGARDS
SUNDEEP
From India, Calcutta
CONSIDER THE FOLLOWING SITUATION ... A CONSULTANT CHARGES Rs.19500 AS HIS FEES,. HE ADDS 12.36% i.e Rs. 2410 AS SERVICE TAX. THE QUESTION IS : WOULD TDS BE DEDUCTIBLE IN THIS CASE AS IT MAY BE CONTENDED THE TOTAL AMOUNT OF SERVICES IN THE BILL DOES NOT EXCEED Rs.20,000. ??? AND IF SO ON WHAT AMOUNT Rs> 19,500 OR ON Rs.21910 Very Happy TRICKY SITUATION Very Happy
AN ASSOCIATED PROBLEM RELATING TO THIS WILL ARISE WHILE FILING eTDS RETURN. WHAT WILL BE THE AMOUNT TO BE FILLED UP IN THE "AMOUNT CREDITED IN THE BOOKS" COLUMN. WILL IT BE Rs19500 OR Rs.21,910 SINCE THAT IS THE BASIS FOR THE PREPARATIONS OF FORM 16A's
POINT TO DISCUSS . YOU MAY ALSO GET IN TOUCH WITH ME ON :
REGARDS
SUNDEEP
From India, Calcutta
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PT,ESIC,TDS,FBT ,S[1][1].Tax Calculator.xls
Service Tax.pdf