Tcs calculation process
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 November 2017
Tendu Levaes Value-10000.00
IGST@18%-1800.00
Total Bill Value-11800.00
TCS @ 5%-590.00
Is this Correct??
IGST@18%-1800.00
Total Bill Value-11800.00
TCS @ 5%-590.00
Is this Correct??
29 November 2017
Yes... Exactly Correct...
Message likes :
1 times
29 November 2017
Raja Ji are you sure because as per me TCS to be deducted in Rs.10000 @ 5% = Rs.500.
Correct me if I am wrong
30 November 2017
My Dear Brother...
TCS ll be calculate for total Billed amount with taxes...
TCS & TDS have the small difference that's all...
Message likes :
1 times
30 November 2017
I had mixed TCS with TDS, so I was confused.
Thanks for the reply
30 November 2017
You are most welcome Dear...
How is Your exams...?
30 November 2017
Good but rest depends with ICAI
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
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Pass word to open justification report for Q1 for FY 2026-27
- Gift of mutual fund units to daughter
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Not able to file ITR
- Building tax payment deduction in rental Income
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
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
