Answer / raghuvstar@gmail.com

As per Income Tax Act 1961 its liability to deduct TDS.

While paying to Vendor/Service Provider we need to Deduct TDS.

If Professional (194J) -10%
If Rent (194I) -10%
If Contract 1% or 2%

many more is there its depends on service

expand S T P

6 Answers  

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What is LC (Letter of Credit)..?

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Choose the right answer when we send Credit note to the supplier we have to credit 1.purchases 2.supplier 3.Other income

2 Answers   TATA,

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what is the sand box?

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What is prepaid expences

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what do u mean by NPA????

8 Answers   State Bank Of India SBI,

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how many form h we can issue against import

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what is a share?

26 Answers   Facebook, Franklin Templeton,

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what is the journal entry for accumulated depreciation

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Expand-------RGD

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Expand ------HH

2 Answers   Wipro,

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Can i clarify, whether VAT & Service Tax are Proffit & Loss A/c items (or) Balance Sheet Items.

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