what is the rate of (194h) TDS
Answers were Sorted based on User's Feedback
Answer / gyansaxena
TDS UNDER SECTION 194H
( COMMISSION OR BROKERAGE )
TDS RATE @ 10%
PAYMENT IN EXCEED RS 5000/- PER ANNUAM
| Is This Answer Correct ? | 21 Yes | 6 No |
T D S on commission or brokerage @ 10% >5000/-PA.
If there is no PAN details, then it is 20%. (or at actual, whichever is higher)
| Is This Answer Correct ? | 12 Yes | 2 No |
Answer / rajesh pandya
Tds deducted 10% on paid commission >=5000 per annuam
| Is This Answer Correct ? | 3 Yes | 3 No |
TDS UNDER SECTION 194H
( COMMISSION OR BROKERAGE )
TDS RATE @ 10%
PAYMENT IN EXCEED RS 5000/- PER ANNUAM
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / lokanath n
TDS thresh hold limit is 15000 or more than 15000 per annum.
and will deduct TDS only 5%.
| Is This Answer Correct ? | 0 Yes | 0 No |
During the financial year if i had made CST purchase in may 2011 Rs.200000/-, in july 2011 Rs.150000/-, in august 2011 Rs.100000/- so for the above transaction i have to obtain three C forms for each transactions now let me clear that by providing relevent details to the Tax department when they will provide me the c forms for the above transactions?
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.
How to enter both TDS receivable & balance payment received in receipt voucher (Single voucher both should be covered) Please help me. I am totally confused.....
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