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


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details