Answer / tarun

if professional Fees Exceed more than 20000/- of
partly/lupsum payment.then liable to be deducted for TDS,but
as per your question you are wrongly deducted tds
then,,check total amount paid to professional fees and which
amount deducted by you. if tds amount less than from
deductable amount then you can deducted tds next paybale
amount.if you are already deducted more than actual TDS
amount then no issue.it is safe point of you.it is refund
taken by professional then submit return. professional fees
rate(10%.if future you can't contact professinal then you
can demand short TDS amount and it will be refundable by
income tax department when he/she submit return

Answer / suresh

If you deduct the TDS wrongly, You may file the return and
Issue the TDS certificate accordingly..

I run a small consultancy firm (partnership with my mother) from my residence address. My firm is not registered, but I do have a separate PAN for it. I do not have any salaried employees. I get work done by freelancers and vendors and pay them against invoice. My annual revenues are just about Rs 5-6 lakhs. I am aware that I would need to register for service tax once I touch Rs 9 lakhs. But I am confused about my obligation to get a TAN and deduct TDS for all vendor/freelancer payments. Are there any minimum thresholds for withholding TDS? Right now I pay 100% of invoice amounts. Please advise.

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i paid tds through my bank account but i entered the assessment year as 2010-11(the current year) instead of 2011-12(actual assessment year). what is the remedy for this. how do i get refund for the wrongly paid sum. or is there any way to currect the assessment year?

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What is the Difference between Previous Year and Preceding Previous Year?

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1)How to calculate HRA in Income tax 2)Kindly give me Item list applicable for Tax deduction with their Amt limit and section (Ie Lta,grautity)

0 Answers   Hero Honda,

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what are the procedure to deposit service tax?

2 Answers  

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will the Company liable to pay Service tax if the turnover exceeds 10 lakh and in the business of purchase and sale of products?

2 Answers  

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What is a deffered-tax liability?

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WE ARE THE DEALER WE PURCHASE MATERIAL WITH VAT & USE THE SAME FOR LABOUR CHARGES + FINISHED GOODS BUSINESS & BUSINESS SHARE OF THE SAME IS 85:15, CLEAR ME CAN I TAKE FULL ADVANTAGE OF VAT CREDIT AGAINST MY VAT LIABILITY

3 Answers  

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I HAVE TO PAY INCOME TAX PVT LTD CO. COMPANY BOOK PROFIT IS 5,00,000 (including dep.value + provision val of company passed) HOW TO CAL. MAT 15% ON WHICH AMT PLS. HLP ME IN DETAIL

1 Answers  

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IVrth quater tds return file last date

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I've bought goods from other state at 2% for trading. What is the rate, I've to charge for my customers?

1 Answers  

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sir, i have charged labour charges with material bill to x party for Rs.211000/- plz explain me how much TDS amount will deducte by party..

4 Answers  

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