(1) what is TDS
(2) what is the current Rate of TDS:
(A) payment of contarctor/subcontractor
(b) payment of professional charges
(c) payment of rent
(d) salary
Answers were Sorted based on User's Feedback
Answer / shivakumar.c
1)Payee of certain income deducts tax @ source @ the
specified rate at the time of accruel or payment of such
income to the payee
a)Payment to contractors/Sub contractors = 2.266%/1.133%
b)Payment to Professional charges = 11.33%
c)Payment to Rent = 22.66%
d)Salary = 30%+10%+3%
| Is This Answer Correct ? | 17 Yes | 8 No |
Answer / dinesh katoch
a) Contractor / Subcontractor : 1.00 %
b) Professional : 10.00%
c) Rent : 10.00%
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / neeraj suryan
Section Catagary Rate
194 A Intrest from bank 10%
194 A Other intrest 10%
194 B Winning from lottries 30%
194 BB Winning from Hourse Race 30%
194 C Contractors,Transpoters 2%
194 D Insurance commission 10%
194 H Commision 10%
194 I Rent 10%
194 I Rent Plant/ Machinary 2%
194 J Professional Fee 10%
No Surcharge & Cess is applicable form 01.4.2009
For Transportor no TDS if PAN is available.
In case of income
Male Normal age
160001-500000 10%
500001-800000 20%
More than 800000 30%
Female
190001-500000 10%
500001-800000 20%
More than 8 lakh 30%
Senior Citizen (more than 65)
240001-500000 10%
500001-800000 20%
More than 8 lakh 30%
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / lucky mafiya
1. tax deducted at sources
2. a)2/1
b)10%
c)10%
d)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / pooja
tds is tax deducted service.
a)contractor/subcontractor: 2.27/1.133%
b) professional : 11.33%
c)rent: 11.33/22.266%
| Is This Answer Correct ? | 3 Yes | 4 No |
The company has to pay transportation charges for transporting its materials. The company has not remitted the TDS on the same within due date. Is this expenses to be disallowed in STI. This expenses is directly considered on valuation of closing stock.
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