(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
Answer Posted / 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 |
Post New Answer View All Answers
While I prepare Form JJ for goods transfer I made a mistake that the value of goods is morethan the actual value(i.e. instead of Rs.92100/- I filed Rs.1354000/-)and the copy of JJ sheet is sealed in the checkpost one copy is taken in the checkpost. please anybody give me the exact solution. thanks
When & how vat audit takes Place in haryana. Is Scrutiny & vat audit is same?
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
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%.
what is highseas purchase and sales? how is custom duty calculated? what are the criteria for a person dealing in shares comes under tax audit? whether all equity oriented fund are eligble for stt?
what is reverse credit & how it is calculated in vat law in west bengal?
when wct@8.75% is charged from the vendor. How much TDS has to be deducted against it??
what is procedure of calculation of TDS by bank?
What is FBT & Service Tax Remittances?
calculation of Tds on subcontractor
procedure to get Raw Material free of excise duty under Central Excise Act,
in relation to pioneer industries, explain the following terms:1,production day. 2,certificate of qualify expenditure. 3,income tax relief. 4,pioneer certificate 2. list seven pioneer industries which fall under pioneer status as contained in the industrial development act 1971
How to file the CST return and which form is use.
Whether C Form can be issued for the transactions that made 5-6 years back? What are the procedures?
WCT charged on firm or on proprietor?