Answer / rajesh

Dear mr. Arun kumar samal don't give wrong answers.

as per 194C single bill should not be crossed Rs.30K
else on the whole it should not be crossed Rs.75K

if crosses for induvidual / HUF - 1% TDS ( no surcharge & Cess)

if Company - 2% ( no surcharges & cess)

Answer / rakesh

AS PER FINANCE ACT , SEC.194C IF THE TRANSPORTER GIVEN PAN
NO. THAN NIL TAX OTHER WISE TAX DEDUCTED 20%.

Answer / jennifer

as per 194C single bill should not be crossed Rs.30K
else on the whole it should not be crossed Rs.75K

if crosses for induvidual / HUF - 1% TDS ( no surcharge &
Cess)With PAN CARD No

if Company - 2% ( no surcharges & cess)With PAN CARD No

If both are failing to give the PAN No. should Deduct 20%
TDS on the payment exceed 30k single bill & 75K for the
whole year.

Answer / ravinder sharma

AS PER TDS ACT 206AA, SEC 194C IF TRANSPORTER GIVE PAN
NUMBER THEN NO TDS IS PAYBLE, IF NOT THEN 20%.

Answer / bhavin

can you give me a tds rate w.e.f.01.07.10, all section

Answer / anu

My answer dedicated to Rakesh w.e.f.01.07.10

Answer / arun kumar samal

Sec.194C-Payments to resident contractors (section 194C).
If any contract value exceeds Rs 20,000 or Rs. 50,000 in
the aggregate during the financial year, you must deduct
TDS at 2.06% of the payment if payment to contractor (for
contracts other than advertising contracts). (Exception:
Individuals and HUF whose sales/gross receipts in business
is less than Rs 40 lacs or professional receipts is less
than Rs 10 lac are not required to deduct the TDS).

The TDS on freight charges is 2.06%. The transporter or
freight carrier firm is a contractor to carry your goods.

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 ?

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