Interested to Buy Any Domain ? << Click Here >> for more details...
What is minium bill of TDS Deduction
Example
If Contractor give us 1st Bill - 10000/-
2nd Bill - 15000/-
3rd Bill - 7000/-
- 14 Answers
- 52473 Views
- ABC, I also Faced
- E-Mail Answers
Answer Posted / soumitra biswas
TDS is applicable if the following condition are satisfied:
(a).Value is exceeds Rs.50000 of the said contractor in a particular year,or
(b).Value of a single bill exceeds Rs.20000.
If any of the above said condition is satisfied then deduct 2% in case of Company and 1% in case of individual(TDS rate as applicable from 01.10.09).
| Is This Answer Correct ? | 25 Yes | 5 No |
Post New Answer View All Answers
WHAT IS THE MAIN OBJECTIVE TO ISSUE THE WAYBILL TO THE SUPPLIER ? WHAT IS THE TAX LIABILITY ARISES ? WHO HAS THE OBLIGATION TO PAY THE TAX ?
why is service tax set off is consider while calculating wct tds
on earth moving road work which type of tax is applicable?
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.
At present what is the rate of excise duty on sale of Weigh Bridge Machinery to out of state from Karnataka.
How treat TDS & TCS in manual or Tally 9 softwere ?
Which form used for registration in GST?
If concern supply garments from outside purchase to movie producer for their production then is it maintain Service Tax if yes then how and at first what steps I have to take?
a x company deduct tds against our bills so how i entry this type of transaction in talyy 9.0 ?
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%.
Rules for filling Income Tax return for a domestic manufacturing company.
if a item sale on cash bill which is under vat sechdule c local sale tax is 5% so what is the rate of CST without C Form
Define previous year.
what is the entry tax explain briefly?
how many sale tax charged on the billing for central dealer by uttar pradesh dealer at furniture items ? & how many sale tax charged for u.p. dealer by up dealer ?
