the tax imposed on the service providers by the govt. is called service tax
Tds means TAX DEDUCTIONS AT SOURCE
Tax deduction is, in essence, not having to pay taxes on a certain item or service. However, this is not done in the actual price, but by requesting the paid tax back from the local government. This results in a net tax of zero on that item or service.
no service tax is not a direct tax. b'coz direct tax is directly imposed on person and it can't be transfered on the other person. Service tax is levied on service provided and it is levied and collected from clients. so service tax is an Indirect Tax.
If you do not want to pay service tax, then you should not obtain services that have a service tax. Service tax is a tax on certain services. The amount of services is increasing.
till 31.3.2012 service tax rate : 10.30% from 1.4.2012 service tax rate : 12.36%
With this tax service, you can prepare your taxes yourself online, they offer tax advice over the phone. You can even find a location in your area if you do not feel comfortable preparing the taxes by yourself.
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%
Form 4483 in the context of Indian service tax is a declaration form used by service providers to claim exemption from service tax on specific services provided to certain categories of clients, such as government entities or local authorities. The form is intended to facilitate the process of claiming exemptions as per the provisions of the Service Tax law. It requires the service provider to furnish details about the services rendered and the applicable exemption criteria. Proper submission of Form 4483 helps ensure compliance with tax regulations while availing exemptions.
Establishments are adding tax to their service charges, is that legal?
Instant Tax Service was created in 2000.
Liberty Tax Service was created in 1997.
No tax is payable