Tds query
This query is : Resolved
29 October 2013
under partial reverse charge mechanism on which amount I.e on service provider amount or service receiver amount tds liabilty is to be calculated.
29 October 2013
Service Provider amount. i.e., the amount of Bill raised.
29 October 2013
On service provider amount plus ST (ST which is portion of provider's liability)
e.g. For Car Hire:
Bill - 10000; ST not charged in bill; service receiver calculated 10000 x 40%=4000, now 4000x12.36% = 494;
TDS =(10000+494) x 2% or 1%
Hope it's clear to you....
e.g. For Car Hire:
Bill - 10000; ST not charged in bill; service receiver calculated 10000 x 40%=4000, now 4000x12.36% = 494;
TDS =(10000+494) x 2% or 1%
Hope it's clear to you....
29 October 2013
TDS on Rs 10000 @2%
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