Answer Posted / 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

Please advise where to enter Income tax paid to Govt. in tally and on which head account to be created///

1940

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Making delivery challan is possiable between two branch of difference code

2170

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what do u meant by investment banking

2266

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what is the procedure for Excisable goods transfer from Head office to branch and vice versa (the branch is located in the same state) also if the branch is located in other states. How will it affect the VAT returns

3383

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I want to know about the site where i can do online application for F form. Please suggest site address and procedure.

1924

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I have a plot at Visakhapatnam. I have entered into a contract with a builder which enables him to construct 10 flats on the plot and builder and myself will share 50:50 of the constructed area. i.e. builder will get 5 and i will get 5 flats. Builder is not paying me any other consideration apart from 5 flats. Kindly clarify as to whether any servive tax is applicable and payable by me ?- kgr varma

1949

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certificate of export is for which items?

1858

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What r the foll tax deductions for :- 1.TDS 2.WCT Give me answers in detail & give me some addtional info on these topics which would be helpful for me.

4752

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Sir, in CEntral excise we need to pay some amt with interest ex.13815 amt for 66 days how to calcualte this?

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What is difference between Contract and legel and legel and profession service???? I had face this question in interview

2246

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WHAT WOULD BE THE RATE OF DEPRECIATION OF RAILWAY SIDING AT STRAIGHT LINE METHOD UNDER COMPANIES ACT?

3976

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I have mentioned the buyer as in Kolkata and the consignee's in Jharkhand now the consignee has issued the C Form whether the C Forms is acceptable or not kindly help me

1765

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Hi Kindly provide the current slab for profession tax in karnataka and due date for remittance the profession tax

2332

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What are Excise Duty rates for Fin.Year 2009-10 for Pesticides and Chemicals Industries.

2299

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interest paid to bank rs.15000 in conection with statutory income tax proceedings.

2032

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