Hi Everyone
I was doing a job till a month ago.
Recently I have provided some research service to a management consulting firm. I haven't estalished the business legally nor I am planning to do so in the near future. They will be writing the cheque on my name.
Do I have to charge the service in the invoice? If yes, how much is the percentage? Assuming that my I want to recieve Rs. 100 as the net amount, which all components should I include in the invoice. Will the client deduct any TDS while writing the cheque?
Fee: Rs. 100
Service Tax: ??
Any Other Component: ??
TDS: ??
Net Amount Received (Target Rs. 100):??
Thanks
Vikas