Assume I paid an advance of Rs 50,000/- from contractor can we deduct TDS on t

Assume I paid an advance of Rs 50,000/- from contractor can
we deduct TDS on that amount

Question Posted / ravinder

4 Answers
8321 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

Assume I paid an advance of Rs 50,000/- from contractor can we deduct TDS on that amount..

Answer / murugesh

Yes, we can deduct the TDS amount @2% on Rs.50,000/-

Is This Answer Correct ?

21 Yes

0 No

Assume I paid an advance of Rs 50,000/- from contractor can we deduct TDS on that amount..

Answer / javid

yes,off course we have to deduct the TDS for this amount

Is This Answer Correct ?

9 Yes

0 No

Assume I paid an advance of Rs 50,000/- from contractor can we deduct TDS on that amount..

Answer / atyendra pandey

yes

Is This Answer Correct ?

2 Yes

1 No

Assume I paid an advance of Rs 50,000/- from contractor can we deduct TDS on that amount..

Answer / kuldeep dubey

YA OFCURSE I HAVE DEDUCT TDS

Is This Answer Correct ?

2 Yes

1 No

Post New Answer

More Taxation Interview Questions

what is wct? what is it applied ?

3 Answers

What is the vat percentage for construction company

2 Answers

Definitions of paid up capital ,authorized capital ,issued capital ,share capital

1 Answers

what is the mean of payment of contract,subcontract and professional charges

1 Answers

Dear All, Please help me in VAT/CST I would like know about full detail of Vat-1.Rate,2.Form No. & everything which is convern about CST/VAT Thanks Sanjay Kumar

4 Answers

I want to know the Taxation entries manually like(TDS,VAT, Excise duty, Income tax, statutory payment entries)

1 Answers

If any bill amount is inclusive of service Tax? How to calculate?

12 Answers Mountain Edge, Savitri Engineering,

if there is no express contract between parties,but makes no. of payments to a particular party and those payments exceeds the limits prescribed(i.e 20000 or 50000 as the case may be)is tds applicable for the same?

1 Answers

what is the deffirent between TDS & TCS

5 Answers

what is luxury tax?

7 Answers

What is straight line method......how to calculate, please explain....

1 Answers TCS,

What is the date of depositing entry tax and submission of return?

0 Answers Genpact,

For more Taxation Interview Questions Click Here