we want to know that the rate of TDS on contractor , rent,
Professional and also know that what is the minimum amount
for TDS on Contractor , Professional
Answers were Sorted based on User's Feedback
Answer / swati
TDS on Contractor for company firm - 2% limit - Rs.75000/-
per year
TDS on Contractor for Individual -1% limit - Rs75000/-for
year
TDS on Professional - 10% limit-Rs.30000/- for year
TDS on Hiring - 2%
Is This Answer Correct ? | 16 Yes | 2 No |
Answer / manoj s
SEC 194C -CONTRACTORS. IF THE SINGLE BILL IS EXCEEDING
30000 OR THE AGGREGATE BILL IN A YEAR EXCEEDS 75000..THEN
TDS OF 1% IS DEDEUCTED IF IT IS SUB CONTRACTING OR
ADVERTISING .. IN OTHER CASES 2% OF TDS IS DEDUCTED
SEC194I-RENT .. IF THE AMOUNT EXCEEDS 180000 PER ANNUM ..
THEN PLANT AND MACHINERY 2%
OTHER ASSETS 10% IS DEDUCTED
SEC194J-PROFESSIONAL FEES.. IF AMOUNT EXCEEDS 30000 IN A
YEAR.. THEN 10% TDS IS DEDUCTED
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sharyanch
TDS on Contractor 2% - Contractor bill Rs.20000/- in
lumpsum payment for TDS deduction or Rs.50000/- payment in
current financial year.
TDS on Rent 20%.
TDS On Professional 10% - Mimimum Rs.5000/-
Is This Answer Correct ? | 7 Yes | 8 No |
Do you believe in talent or hard work ?
What is final audit?
how many types of audit?
What are documents need to vouch while doing sales vauching?
7. Sarbanes-Oxley requires auditors of public companies to maintain audit documentation for what period of time? A) Not less than 3 years. B) Not less than 5 years. C) Not less than 7 years. D) Through the issuance of the financial statements.
How many types of Audit?
when can we change the Depreciation Method? and what is the requirements.
How do you audit derivatives?
does current year losses of rs 500000 prove that a company lacks going concern
how many years deduct the depreciation amount
i want question papers audit staff selection examination
What are the reasons for Suppliers balance outstanding showing as negative?