How to multiply T.d.s.on amount including service levy?
If professional fees includes service tax, on which amount T.D.S. to be deduct: on gross amount or on amount excluding service tax?Answers: to figure TDS on your salary
divide
your salary x 10.33 / 100 = your TDS presumption
Hi, it should be charged over the amount excluding service tax.please find herewith the fragment dealing with the TDS on professional fees.
TDS on Professional or Technical Fees [Sec 194 J]
1. Payment should be made by any party, except HUF & individuals
2. Tax to be deducted at the time of making due or making costs,
whichever is earlier.
3. Tax to be deduct (a) 5 % plus surcharge plus education cess of total
amount.
4. No TDS on pay made due before 1.7.95
5. TDS one and only if amount exceeds Rs. 20,000
I have applied pan card,i want to know the status of the pan card.application #023048939?
Answers: You have not yet been allotted a PAN. Your application is still pending. You can try your PAN card status from the below web site by giving your Application number or Coupon number.
http://myutitsl.co.in/intra/web/49result...
go to this link
http://incometaxindia.gov.in/PAN/Overvie...
in that u need to select UTITSL under status of PAN..
Enter the coupon no. and u'll get ur status..
or try this
http://myutitsl.co.in/intra/web/49result...
ur PAN is already alotted and despatched.. enjoy maadi.
Dear Ist of all you have acknow . no. which company you submit your pan from search it on www.incometaxindia.gov.in
subhash sharma
(tax advisor)
Will I return with a Tax Rebate?
I'm confused here.We did Married Filing Jointly for 2007, with Earned Income at $3011.
Our Tax liability, however, be $0.
What's confusing me is that I've seen conflicting reports in the region of whether you have to:
A) File and trademark $3000 or
B) File and have a liability of $1 to $600
Answers: Either your A) or B) will qualify you for the rebate.
Since you have earned income of at lowest possible $3000, you would each procure the minimum rebate of $300.
While the rebate depends on your 2007 income, it is actually a rebate toward your 2008 taxes. According to the proposed plan, contained by 2008, taxes would be cut from 10 percent to zero percent on the first $6,000 dollars of taxable income for individual taxpayers.
It's close to a one time tax cut for 2008, but you bring back the rebate now instead of waiting to database your 2008 taxes.
I believe you will get at smallest $600.