Interested to Buy Any Domain ? << Click Here >> for more details...
I'm a Taiwaness, and my boss have investment in india. I
have a question about TDS. If I rent a one day car that
doesn't sign any contract or agreement, should I pay the
TDS or should I dedcut TDS from payment of this
expenditure.
- 2 Answers
- 4928 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
If payment is made through cheque then it is neccessary,
but also if payment is made through cash and vendor made
taxable invoice with service tax then both circumstances
it is applicable. But if payment is made by cash without
taxable invoice then no need to pay tds.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / sumancwa
Provisions of 194C are applicable to all types of Contracts for carrying out any work, Such as Transport contracats, service contracts, labour contracts, material contracts as well as works contracts etc..
Where the payment made under the contract is likely to exceed Rs.20,000/- for entire period of Financial Year, Tax should be deducted at source. Where initial contract price is Less then Rs.20,000/-, But later on the payment exceeds that amount, deduction should be made in respect of earlier payments as well.
In this case, You are doing Vehicle Hiring Business, means Transport Contract. Eventhough you dint sing on any agreement.You must follow TDS Rules.
| Is This Answer Correct ? | 1 Yes | 0 No |
Can We pay TDS on 8th without interest if 7th is sunday?
Is tax audit compulsory for companies irrespective of their income?
what is the difference between real expense and operating expense?
what is percentage of work contract I have construction a house I paid my Manson Rs.3 Lakhs for labour charges what percentage I have deduct in Manson account and I have give cement. sand and Iron the Manson was supplied only labour like female and male labours. What is the answer and percentage of TDS.
what is the difference between captive consumption and cenvat in tally erp9 and when we have to use it
Is Work Contract Tax expenses for a company?
can anybody provide me the format of PF & ESI with the rate chart.
wct amount deducted by main company .that amount will be returned Subcontractor?If yes,how process is given me.
Any body tell me about VAT (Karnataka)shortly because, iam reading vat book but iam not able to understand that. if any body tell me shortly about karnataka vat, retursn, tax collectng, tax payment, CENVAT utilizing etc. pleseeeeee
we are the manufacture of leather shoes, we send the shoe sample to some parties , can it we shown in RG1 Register , if shown then , where ? if not then why ?
The company i approached asked me that they are registered Manufacturer to market fire extinguishers. They have both VAT & CST registration. When they supply material out of state i.e. under "C" form, to a Dealer who is also registered with CST and who can issue "C" form but for product paint. Will the "C" form issued by the Dealer be acceptable to us. What law governs, since the dealer is not registered to trade in Fire Extinguishers? In the first instance will he be able to issue "C" form at all i.e. Will the government allow him to issue "C" Form, if so under what norms? In the case that my company is the Dealer and registered for trading in Paint and we are taking Fire Extinguisher Dealership will I get set-off in "C" form for purchase and Sale. Kindly let me know on russel.raphael@gmail.com
WHAT IS THE PENALTY CHARGE BY THE SALES TAX DEPARTMENT IF WE ARE ENABLE TO FILE SALES TAX RETURN AFTER ONE MONTH FROM END OF THE IVQ-2012-13.
Audit 
