Rea estate broking tds


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 October 2013 Hello to all. i am a real estate broker and had a query regarding service tax. say for eg., i earn 15 lacks a year. Thus , a service tax of 10.3% would be levied on Rs. 15L on me, say aaprx. 1.5L. Thus, i receive 13.5L as income. now, i pay income tax on the 13.5L, say 30% = 4.05L. Thus, the net amount in my hands is 9.45L. Thus a tatal tax of 1.5 + 4.05L = 5.55L. Is this how it works or do i get a rebate for paying service tax.

10 October 2013 what about your expenses? u don't claim any expense against your income?

10 October 2013 What about expenses? you don't incur any expenses?

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 October 2013 ofourse i will. but my primary question is do i end up paying both the taxes wholly or do i get any rebate?

10 October 2013 yes. you will have to. But you should sit with a professional consultant for tax planning.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details