if we have amc any vendor 30,000 pa. should we deduct TDS

Answer Posted / viswa

Any payment in a financial crosses Rs.20,000/- we have to
deduct tax. In above case amc is comes under contract the
applicable rate is 2.266%

Is This Answer Correct ?    10 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the Rate of Service tax for Short term accommodation services & Restaurant Services ?

2127


'A' is running a manufacturing set up. 'B' sends raw material (after paying CST) to 'A' for manufacutre of his specified product and 'A' keeps 'B's stock in his godown. Can 'A' buy this material from 'B' by raising a CREDIT MEMO and in the books regularises by passing Journal Entry Dr.Raw material inventory and Cr. 'B's Account.

1919


The Depreciation Rate for Heavy Equipments like cranes (used in the construction of bridges, flyovers etc ... ) is 30% as per the companies act. If i buy a crane for Rs. 10 Lakh and claim depreciation the cost of the crane in the 2nd year is 7 Lakh and in the 3rd year it is 4.9 Lakh and in the 4th year it is 3.4 Lakh ...... Can i re-value the crane in the 5th year to the 2nd hand market price of Rs. 20 Lakh and claim depreciation on it @ 30% ? (Cost of crane in 6th Year now is 20 Lakh - 6 Lakh = 14 Lakh )

19798


how to finalaze the balence process using tally

1946


How is income tax calculated?

647






Rules for filling Income Tax return for an Individual ?

1508


At what point excise duty is accrued

1018


which items should be covered the Entry Tax by HP Govt instead of Purchased

1440


How do I get a C form with the bank Guarantee?

1264


The value of the tax invoice is lesser than the value on the state permit. Is this acceptable.

2920


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

1803


i wanna p.y tax assistant exam question paper Please send this as earlier as.

1647


explain the special provisions for computing profit and gains of retail business

1667


What we mean by MAT Credit Entitlement ???

6691


A Old Government Job retired Personnel who is getting his Pension amount@Rs.11000/- per month. He has put his retirement Fund in Bank Deposit for 1 year. No Bank is deducted TDS on that amount. Do we have any way by which his TDS can be refunded or saved

1934