Taxable value of itds on revers charge machenism applicable
This query is : Resolved
04 July 2012
Suppose a service provider of Manpower agency charge Rs 100/= Service tax liability to the co is Rs. 12.36 . since, the firm supplied manpower is not a company we have to deposit service tax @ 70% of Rs.12.36
On what amount TDS u/s 194c shall be applicable? Rs 112.36 or on Rs 104/= ( ie after deduction of 70% to be deposited by us.)
Pl advice
Regards
Abhaya Sinha
On what amount TDS u/s 194c shall be applicable? Rs 112.36 or on Rs 104/= ( ie after deduction of 70% to be deposited by us.)
Pl advice
Regards
Abhaya Sinha
04 July 2012
TDS will be deducted on the total amount payable to the Man power supplier.
Total amount to Manpower supplier will be Rs. 103.708 and tds will be deducted on such amount.
Total amount to Manpower supplier will be Rs. 103.708 and tds will be deducted on such amount.
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