What are the present rates of Vat, Tds & Service Tax?
Answer Posted / ashok kumar sahoo
Hi,
1. VAT
1% Tax ( Gold ornaments & Diamonds etc )
5% Tax ( Daily consumable Goods, as usual Goods )
12.5% Tax ( On Luxerious Items etc.)
20% Tax ( On Lubricant Oil etc )
2. TDS is a Direct Tax
Rate of TDS
TDS Rent@10%, Range upto-1,80,000/-
TDS Cont.@2% in case of companies, Range upto 75000/-
TDS Cont.@1% in case of other than companies Like Individual, Partnership firm etc
TDS Comm.@10/- Range upto 5000/- incase of insurance & 10000/- incase of Banking
TDS Proffessional @ 10/- Range upto 30000/-
3. service tax is a Indirect tax
Rate of Service Tax-10.30%
Regards:
Ashok
I Disk Solutions
09861991761
Is This Answer Correct ? | 10 Yes | 2 No |
Post New Answer View All Answers
what is D-1, D-2, Vat-C4,
why charges PURCHASE @ 15 % TAX RATE ?
What is Form 12A & Form-H and where is applicable.
what is the rate of interest when an assesse paid tax after the due date in the prescribed time limit?
Is sales against H Form Either in Punjab or out of Punjab treated as Zero rated sales in vat 15 form in Window showing as Break up of Zero rated sales: Direct export out of country; Sales against H Forms Or it is treated as seprate
Define Amortization & Impairment?
What are the treatment & implications if party doesn't provide C Form in interstate sales transactions & also same if provide C Form.
Who are non resident?
What do you understand by dissolution of firm?
A Old Government Job retired Personnel who is getting his Pension amount@Rs.11000/- per month. He has put his retirement Fund in Bank Deposit for 1 year. No Bank is deducted TDS on that amount. Do we have any way by which his TDS can be refunded or saved
What is supporting documents enclosed & must be required to Submit of quarterly & Yearly Sale Tax Return (Haryana)
What will be the planned expenditure in the budget 2009-10
What is the current vat amount of aluminium goods like dishes, buckets etc hsn code is 7615-19
Pls.tell me some website name who display practical question & answers of accounting work. like tds, service tax entry and some more. also provide important knowledge of all taxes.
Dear Sir/Mam Please send me a return under delhi vat for learning purpose Thank & Regards Sonu Kumar