what mean by tds on vat?
Answers were Sorted based on User's Feedback
Answer / meena rawat
TDS on Vat is commonly known as commercial TDS. It deduct
on Contractors paymnets whose billing amount exceed rs.
500,000/- P.A.
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / manu aggarwal
in current days
it will be effected on a single transaction of rs 30000.00
As A bill,
or 70000.00 rs total amounts in a year.
rate is 4.00% for company
& 2.00% for non company.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / akash chauhan
the billing amount is Rs. 20,001 for one payment or Rs.
50,000 in a year if you are making payment less than 20,000
in tranches.
| Is This Answer Correct ? | 2 Yes | 3 No |
can some one pls explain briefly about 'Differed Tax'?
Is t.d.s deducted on Freight including Service Tax ?
What is the difference between profit and gain?
Hi, can you please confirm, what should be the rate of TDS when, I will pay revenue share to a domestic company ?? Tx Buddha
what is vat.how it calculated.example i purchased Rs.5000.how much percent charged vat.how post entry
WHAT IS COMPOSITION RATE IN Andhara pradesh SALES TAX?
About "H"form
at what percentage of tax is collected for non submission of 'c' form by the commercial tax authorities
We are Work Contractor. Presently we are under going a infrastructure Project of common wealth Games in Delhi. I want to know that how much wct will be chargeable on this project work???? we are generally using material like, aggregate, coarse sand, bricks, rmc, cement and our labour.
The Depreciation Rate for Heavy Equipments like cranes (used in the construction of bridges, flyovers etc ... ) is 30% as per the companies act. If i buy a crane for Rs. 10 Lakh and claim depreciation the cost of the crane in the 2nd year is 7 Lakh and in the 3rd year it is 4.9 Lakh and in the 4th year it is 3.4 Lakh ...... Can i re-value the crane in the 5th year to the 2nd hand market price of Rs. 20 Lakh and claim depreciation on it @ 30% ? (Cost of crane in 6th Year now is 20 Lakh - 6 Lakh = 14 Lakh )
i am working as an accountant. i forgot to deduct the TDS of one employee in year 2010-11 of Rs.1141/-. Now what is the procedure or solution for it?
what is mean by wct