Answer / nutan gonehalli

TDS - Tax Deducted at Source. The Tax is deducted from one
receipt if the income of the rceiver is more than that
prescribed by the Income tax act.

The TDS rate for Contract - 2% & For sub - Contracting is 1
% . advertisement Contract - 1%
if the contract value donot exceeds rs. 50000/- for the year
& single payment donot excceds Rs. 20000/-. In that case
deduction of TDS is not liable.

Professional - 10%

Answer / ankita sinha

current rate of tds on payment of contract 2.06%
professional charges 10.3%

Sms service provider's bill (tds applicable or not)

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Is Accounts Payable and Vendor Payable are same ? If yes or no, why ?

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Define Amortization & Impairment?

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what do you mean by tds

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