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TDS on part of Accounts Payable is entirely different. when we deduct the TDS from payments, we have to remit the same to govt by 7th of next month with out any fault. where as service tax is claimed as input (AP point of view) and will be in receivables (assets)
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What is the difference between TDS and service tax?
TDS is Tax Deduction at Source which is deducted from the service holder/ consultant during payment. At present, TDS is 10.1%. Service tax is a tax payable on the service provided by the service provider, at present it is at 12.36%
What is the method of calculation TDS in salary?
Tds deducated on basic amount only not on service tax
What is the meaning of vat tds service tax excise?
Tds means TAX DEDUCTIONS AT SOURCE
Have to deduct tds on Service Tax while making party payment?
TDS has to be deducted based on the TDS Rates provided for different nature of transactions like 2.266% for contractors, 1.133% for subcontractors and advertisement contracts, etc., TDS is required to be deducted on the Payment being made / amount credited to the party account. for example Consultancy service chages are Rs.1,00,000/- Add : Service Tax @ 12.36% Rs. 12,360/- Totaling to Rs.1,12,360/- Rate of TDS 11.33% on Rs.1,12,360/- amounts to Rs. 12,730/-
Where are headquarters for TDS Metrocom?
The headquarters for TDS Metrocom is located in Madison, Wisconsin, at 525 Junction Road. They are a telecommunications provider for local and long distance service.
What is tds rate on photography service?
The TDS (Tax Deducted at Source) rate on photography services in India is typically 10% for individuals and Hindu Undivided Families (HUFs) and 20% for other entities like companies. This rate is applied to the total amount paid for the photography services and is deducted by the person making the payment. It is important for both the service provider and the service recipient to ensure compliance with TDS regulations to avoid penalties or legal issues.
How would a person contact TDS Telecom?
TDS Telecom can be contacted by way of their customer service telephone number, emailing them directly or writing to them. The numbers and information that you need can be found on their official website.
Is tds is applicable in goods transport freight?
TDS is an abbreviation in the transportation industry when freight charges are assessed. TDS means Transport Deductor Service. This means that the transporter of the freight is required to have certain credentials that meet the laws of both countries involved when shipment occurs overseas.
TDS on Supply of Printing and Stationery Items?
TDS is applicable only on income by the way of labour services, rent, professional service, lottery, etc, it does not cover sale of material, as long as stationary provider is not offering any customised product, & selling as it is, it does not attract TDS, if it offers product with customised solution, it will be subjected to deduct TDS on contractor \ subcontractor basis.
Are you eligible for a TDS Return?
If you are looking forward to knowing more about TDS returns or TDS Filing, then before anything, it is important to check whether you are eligible for a TDS Return or not. Following are certain criteria to check the eligibility for the TDS Return or TDS Filing. An Individual, group of Individuals, Association of Individuals, Limited Companies, Hindu United Families, local Authorities, partnership firms, etc., are eligible to be deductors for TDS Return. According to the Income Tax Act, TDS Return Filing is done against pay-outs like Salary Income, Insurance Commission, Income on Securities, Income on Lottery winning, Horse Race winning, payout towards NSC, etc. Employers or organizations with valid TANs are eligible to file TDS returns. Individuals with accounts that are audited as per Section 44AB and hold an office under the governmental or company authority are eligible to file online TDS returns each quarter.
Who is eligible for a TDS Return?
If you are looking forward to knowing more about TDS returns or TDS Filing, then before anything, it is important to check whether you are eligible for a TDS Return or not. Following are certain criteria to check the eligibility for the TDS Return or TDS Filing. An Individual, group of Individuals, Association of Individuals, Limited Companies, Hindu United Families, local Authorities, partnership firms, etc., are eligible to be deductors for TDS Return. According to the Income Tax Act, TDS Return Filing is done against pay-outs like Salary Income, Insurance Commission, Income on Securities, Income on Lottery winning, Horse Race winning, payout towards NSC, etc. Employers or organizations with valid TANs are eligible to file TDS returns. Individuals with accounts that are audited as per Section 44AB and hold an office under the governmental or company authority are eligible to file online TDS returns each quarter.
Where can one log in to TDS mail services?
One can log into the TDS mail service by going to their website, and then going to their log in page. One is able (once they log in) to do things such as checking one's e-mail.
