Provision of audit fee
This query is : Resolved
23 April 2012
WHILE MAKING A PROVISION OF AUDIT CAN WE EXCLUDE SERVICE TAX ??
SINCE SERVICE TAX RATE HAS CHANGED FOR F.Y 12-13 & WE HAVE TO MAKE PROVISION OF AUDIT FOR THE F. Y 11-12, WHAT EXACTLY WE SHOULD DO WITH REFF TO SERVICE TAX & TDS.
SINCE SERVICE TAX RATE HAS CHANGED FOR F.Y 12-13 & WE HAVE TO MAKE PROVISION OF AUDIT FOR THE F. Y 11-12, WHAT EXACTLY WE SHOULD DO WITH REFF TO SERVICE TAX & TDS.
11 May 2012
Since provision is an estimate, you can make a Provision by excluding service tax .
Alternatively, provision may also be made by considering service tax @ 12.36%.
TDS will be deducted on the full amount of provision, whether inclusive or exclusive of service tax.
Alternatively, provision may also be made by considering service tax @ 12.36%.
TDS will be deducted on the full amount of provision, whether inclusive or exclusive of service tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- NRI starting business in India
- ITDS U/S.194T of Firm
- ADVANCE PAYMENT OF ADVOCATE
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- Filling ITR - U
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- Capital gain on sale and purchase of plot
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- CREDIT NOTES WITHOUT GST
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
