10% t.d.s needs to be deducted if one gets >20000/PA as
Consultancy charges. Is this law applicable to physically
chanllenged indiviuals whose disability is gtreater than or
egual to 80%. My disability is 80% and I am working with an
IT company on contract and gets 40K on a monthly basis
starting Nov 10. How much TDS should I be oaying. Could
someone please assist me with this query.
Thanks in advance:-)
- 2 Answers
- 3862 Views
- Bank Of America, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / addy
what is the procedure involved and what do i need to do.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rajeev verma
you can pay 1% tds as a contract worker from your basic
salary as a indivisual.
| Is This Answer Correct ? | 0 Yes | 0 No |
'A' is running a manufacturing set up. 'B' sends raw material (after paying CST) to 'A' for manufacutre of his specified product and 'A' keeps 'B's stock in his godown. Can 'A' buy this material from 'B' by raising a CREDIT MEMO and in the books regularises by passing Journal Entry Dr.Raw material inventory and Cr. 'B's Account.
If the total material cost of secondary steel products @ BSL, Jharkhand, is Rs.30 lacs exclusive of VAT @ 4%, ED @ 8.24%, TCS @ 1%, and the buyer is registered under the Company's Act, 1956 in Bihar, and carrys VAT & CST certification but no ED registration, then what would be the proforma of purchase invoice ? And if the Buyer sells the above materials with the conversion charges or profit of Rs.5 lacs within Bihar, what would be the proforma of Sale Invoice ?
When a company sold the material to is customer which is at another state under Form-C his bill was pertaining to first quarter but the customer received in second quarter. The customer will issue Form-C as per Invoice date or Material Received date.
What is the implication in the subsequent sale to local party for the goods received from other state Non-Presentation of E-1 form : If 'A' of Rajasthan (Supplier) supplies goods directly to 'C' of Gujarat (Consignee) on instruction of 'B' of Gujarat (Buyer). There is no presentation of E-1 form. Question : Can tax be charged in the invoice of sale from 'B' to 'C' ?? If any, what will be charged..VAT or CST?
How to Prepare Balance Sheet for Annual Tax Assessment. Do You Have any Format, Please send on (Pankajica15@gmail.com)
NOW I WANT TO FILE THE INCOME TAX RETURNS. I AM A SALARIED PERSON WITH NO OTHER INCOME. SHOULD I USE SARAL 2( ITR-1) FORM ASSESSMENT YEAR 2010-11
what is the lat date of tds deposit for march 2009 ASSESSMENT YEAR 2009-10
If a person purchased goods by paying vat but while selling no vat has been collected and if he is registering his firm under vat need to pay vat after registration?
is vat applicable on services as well? please describe the services under vat?
1.R-1 Form Kya hai? 2.R-2 Form kya hai? 3.sale tax return form no.kya hai? 4.C-Form kitne % tax par diya jata hai. 5.D-1 & C-4 form kitne % tax par diya jata hai.
Define Amortization & Impairment?
we are giving the UPS monthly charges 10000/- should we deduct tds if yes then how we will calculate it
Audit 
