Answer Posted / shashi sharma

TDS Rate FOR:-






Contract: 2.266% (2%+10% surcharge+3% E.cess) in case of
company.
2.06% (2%+3%E.cess)in case of Individual.

Consultancy:11.33% (10% +10%sur+3% E.cess) in case of company
10.3% (10%+3% E.cess) in case of Individual
Advertising :1.133%

Salary :10.3% (10%+3% E.cess)

Professional : 11.33% (10% +10%sur+3% E.cess) incase of company
10.3% (10%+3% E.cess) in case of Individual

Technical fee : 10% ( If there is a treaty).

if i have a comany take contract from gvt. & i take contract from that company, & in his bill he show about all tax deduction ike IT, WCT etc, but material is purchase by that company not by us so here i want to know how WCT applicable? on total amount of contract or according to rule like material service & after adding all things??

1714

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We had paid TDS against rent in assessment year 2009-2010. But by mistake one of the pan no of the landlord was wrongly entered. Now the demand has been raised. Please advise how to correct the situation.

1938

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Suppose there is a computer Inst. providing a course abc and the total fees for it is Rs.10000 per annum, now this institute gives the right to another institute to provide facility of that course on behalf of it and the fees amt. is bifercated to Regd. fees Rs. 2500, Exam fees Rs.500 and tution fees Rs.7000,now the former institute gives right to later ins. to take Rs.7000 and says that the amt. of regd. fees and Exam fees i.e Rs. 3000 must be given to it plus service tax, now we have to save the former ins. from paying service tax on Amt. 3000, how can we do this?

1736

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IS THERE IS ANY EXUMTION FOR THE NEW CONCER TO NOT THE DEDUCT TDS IN THE 1st YEAR OF ITS INCORPORATION IF THE TURNVOER EXEED THE SPECIFIED LIMIT IN THE 1st YEAR.

2328

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Suppose that a sub-contractor total work done for Rs.100 & he charged 10.3% service tax.Then total gross value will RS.110.30.On what amt you will (that means on total work done or total gross value)charged Retention@10%,WCT@3% & TDS@2%.

2065

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CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?

2331

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service tax

1969

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please share fy 2017-18 salary tds auto matic excel utility

1361

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what is period VAT revised return can be filed?

1704

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Excise duty applicable for Handmade Production?

3412

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assessee is a developer. menthod of accounting- mercantile. he sold a flat to party , registration has been done in financial year 2012-13. but he has taken the sale next financial year on the ground that one cheque has been credited in the next financial year. can the assessee's claim can be considered for taxation purpose

1566

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why VAT not charged in deemed sales bill.

2278

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From Karnataka,while sending material out, which are all the states required Form 38?

2065

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Define the term person?

1062

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What is the SEZ formalties in cement Industry?

2507

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