if we have amc any vendor 25,000 pa. should we deduct TDS
Answers were Sorted based on User's Feedback
Answer / salimmalik
NO. As per Sec 194C of Income tax act 1961 the cut off
amount is Rs. 30000/- and Where the aggregate of the amounts
paid/credited or likely to be paid/credited to Contractor or
Sub-contractor exceeds Rs.75,000 during the financial year,
TDS has to be deducted.
| Is This Answer Correct ? | 8 Yes | 0 No |
Why service tax payable is not considered while calculating Wct Tds.
Our firm is 7 years old. We don't have PT registration for partners as well as employee. If we do it now, will it be a problem or how much penalty will come. Any one can give suggestion.
Net Worth is: 1)total Assets less outside laibilities 2)Total liabilities plus owners equity fund 3)Current Assets less current liabilities 4)Total accumalted profit less liabilities
what is the due date to submit of pf return file ?
how i can grab more information about income tax?
Condition 1. If buyer A(in rajasthan) purchase the steel from buyer B(in gujarat. B is a plant of Company. A purchases directly from Plant. A having C form. what would be the tax levied on A. What would be his benefits through C form. Condition 2. If A purchases the steel material by the Company warehouse which is situated in rajasthan. A also is in rajasthan. what type of benefits A gets. Both the parties are registered. which condition is best for purchase either 1 or 2
which within months we took service tax input. that means 3 or 6months
what are the ways of paying service tax and vat montly manually??
we have recd. 2 c form agn. 1 qtr so can we issue 2 e-1 form
Tell me the meaning of VAT (TDS) When it will be applicable? & rate of VAT TDS
6 Answers Gherzi Eastern, HCL,
Goods sold outside the state at rs 300000 excluding 2percent CST I want solution with journal entry
Can i purchase fuel like LNG against C-form under Haryana Vat Act