Pvt.ltd.
This query is : Resolved
Bhavin Kanabar
(Querist)
27 March 2009
Dear Members...
I want to know the benefit of create a Pvt.ltd.co. against properitorship or partnership business.
Dear Members...
I want to know the benefit of create a Pvt.ltd.co. against properitorship or partnership business.
27 March 2009
Dear All,
Please let me know , whether TDS is to be deducted on Gross amount of bill or excluding service tax?
Please let me know , whether TDS is to be deducted on Gross amount of bill or excluding service tax?
CA. B.SRINIVASULU
(Expert)
27 March 2009
Only for rent service tax is excluded and for all others service tax has to be added and on the final bill tds has to be deducted.
CA. B.SRINIVASULU
(Expert)
27 March 2009
Benefit of creating a private limited company is.
(1) Limited Liability
(2) Obtaining loans will be easier for busniness.
(3) Directors can get salary.
(1) Limited Liability
(2) Obtaining loans will be easier for busniness.
(3) Directors can get salary.
27 March 2009
It should be deducted on gross amount.
Taranjit Singh
(Expert)
27 March 2009
deducted on gross amount.
Manmohan ACA, CS
(Expert)
27 March 2009
for 194I - net amount xcluding service tax as the act contains the term "rent payable".
for other section including 194J- on Gross amount as the act contains "any sum payable"
for other section including 194J- on Gross amount as the act contains "any sum payable"
Manmohan ACA, CS
(Expert)
27 March 2009
1) Limited Liability
(2) Obtaining huge capital will be easier for busniness.
(3) Directors can get salary.
(2) Obtaining huge capital will be easier for busniness.
(3) Directors can get salary.
28 March 2009
agreed with all above
Rajesh Kumar
(Expert)
28 March 2009
All the taxes are to be excluded.
Tax is to be deduted on the payment made for services, contract, rent etc.
Tax is not a payment made for any of these things, it is a statutory levy. On this amount TDS should not be deducted.
Tax is to be deduted on the payment made for services, contract, rent etc.
Tax is not a payment made for any of these things, it is a statutory levy. On this amount TDS should not be deducted.
CA JAIMIN TRIVEDI
(Expert)
30 March 2009
Regarding TDS, I agree only with Mr.B. Srinivas.
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