pls tell what is TDS CONCEPT IN RELETION TO TRANSPORTOR
Answers were Sorted based on User's Feedback
Answer / m.amaan
WITH EFFECT FROM (W.E.F) 01.04.2010,IF THE TRANSPORTER
FURNISHES HIS PAN NO. ON HIS LR/BILL,THEN NO TDS WILL BE
DEDUCTED & IF THE TRANSPORTER FAILS TO FURNISH OR QUOTE HIS
PAN NO.ON THE LR/BILL THEN TDS WILL BE DEDUCTED DIRECTLY
@20% FROM HIS BILL/INVOICE
Is This Answer Correct ? | 8 Yes | 0 No |
Answer / shankar kumar
The rule of tds deduction related contractor is
TDS Rate 2 %
Surcharge 10% (if amount exceed 10 lac)
EC 2% & SHE 1% total = 3 % on (TDS & Surcharge)
In sub-contract TDS rate is 1%
Condition
1. Tds deduction starts when Single payment exceeds 20,000/-
& agreegate payment exceeds Rs.50,000/-.
2. once deduction starts tds will be deducted on whole
amount which has been paid to the certain constractors
earlier without deduction.
Is This Answer Correct ? | 4 Yes | 1 No |
Answer / rajnath maurya
this catagory falls under sub-contractor hence tds
applicable@ 1%+3% cess dont includ the service tax in such
calculation
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / ca.sunil kumar agarwal
W.e.f. FY 2010-11 new rule inserted by the Finance Minister
in this case if the transporter submit the PAN No to the
service taker in that case no TDS will be deducted but if
the transporter does not provide the PAN no then in that
case tds will be deducted on the entrie value of the
service provided during the Fy.
Is This Answer Correct ? | 0 Yes | 0 No |
What is Rule 52A (Excises Duty)
what is surcharge. when it is chargeable. show all information about surcharge
what is long term capital gains & short term capital gains ?
Penalty if Advance tax is not paid on time for Individuals and companies?
I have transfered the goods in F-Form (i.e. from one state to another) but now the problem is when I have sold the material in the Local market say for 100+tax=100tax, some of the material got defective say 50+tax=50tax. We will have to issue F-form of how much ??? 100 or 50. Kindly send me the same to my mail address - u15326@rediffmail.com
HOW TO CALCULATE MY EPF INTEREST? IF I HAVE JOINED TO A COMPANY ON 1ST FEB'08'& RESIGNED ON 31ST DEC'09', THEN WHAT WOULD BE MY EPF INTEREST? MY BASIC IS RS.7500/-PER MONTH? STATE BRIEFLY
4 Answers Khalsa Tubes, Reliance,
We are purchaseing one machine on duty of payment ( Capital Goods) in the staring of the month financial year 2009-10 at the time of purchase of machine we are not registered with the excise department. But my company registred with the excise department end of the same financial year What can we are taken cenvat credit on capital goods in the year 100% of 50% pls. given the comments or explain me all excise exparts.
Dear sir, mu question is that can one lunch (Tiffin) provider person mention both vat or service tax on his bill. pls. give me answer. EXPLAIN BRIEFLY.
i received commission with deduction of tds how to take entry in my books. commission Rs.90000 Tds.10000
what is rate of CST on Pumps
IS THERE ANY TDS APPLICABLE ON AMC OF AC MACHINE
why tds is considered as asset