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i want current year tax deduction source please let me
know?
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Answer / nageswara rao
1.Section 194A- Other Intrest - Tax Rate is 20.6%
(Threshold Limit is Rs 5000/-)
2.Section 194B- Winning from Lotteries - Tax Rate is 30.9%
(Threshold Limit is Rs 5000/-)
3.Section 194C- Payment to Contractors - Tax Rate is 2.06%
(Threshold Limit is Rs 20000/-)
4.Section 194C- Payment to Advt/Sub Contractors - Tax Rate
is 1.03% (Threshold Limit is Rs 20000/-)
5.Section 194D- Insurance Commission - Tax Rate is 20.6%
(Threshold Limit is Rs 5000/-)
6.Section 194H- Commission/Brokerage - Tax Rate is 10.3%
(Threshold Limit is Rs 2500/-)
7.Section 194I- Rent - Tax Rate is 20.6% (Threshold Limit
is Rs 120000/-)
8.Section 194I- Rent for Plant & Machinery - Tax Rate is
10.3% (Threshold Limit is Rs 120000/-)
9.Section 194J- Professional Fees - Tax Rate is 10.3%
(Threshold Limit is Rs 20000/-)
Above all rates are Company where total payment upto 1 Crore
if it is Company Payment is exceeding 1 crore Surcharges is
calculated @ 10% for every section
There is sepeate tax rates for Individual
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / t.sunil kumar
Their are many rates for contracts upto 1000000 below 50000
it is 2.06%
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / t.sunil kumar
A)TDS rates for the year 2007-2008
1. Contractor - 2.06%
2. Professionals - 10.3%
3. Sub-Contractor - 1.03%
4. Rent - 15.45%
5. Commission - 10.3%
| Is This Answer Correct ? | 0 Yes | 0 No |
IS THERE LIABILITY OF SERVICE TAX IF WE PROCESS CATTLEFEED FOR OTHER PARTY ?
What is the applicable rate of service tax on work of construction company i.e. real estate developer company plz improve my knowledge about it.
11 Answers Apex, Real Estate, Traders,
wht do you mean by copmosition of tax
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how to calculated all taxes their information in details
My client has not filled income tax return for ay-2013-14
what are the ways of paying service tax and vat montly manually??
How can done the Accounting of WTC ? OR WTC treat (Take) like Service tax credit?
why tds is considered as asset
i paid tds through my bank account but i entered the assessment year as 2010-11(the current year) instead of 2011-12(actual assessment year). what is the remedy for this. how do i get refund for the wrongly paid sum. or is there any way to currect the assessment year?
Service tax rates
Hi Every One..For Payment of TDS under any section, Challan 281 is used. In Challan 281 there is two boxes having name Company & Non Company. What does it mean. I am working with Ltd. Company so while paying TDS which box shall I mark.
Audit 
