IF I HAVE PAY COMMISSION TO LOCAL AGENT RS-5000 THEN HOW
MUCH I WILL DEDUCT TDS & IS PAN CARD REQUIRE

Answer Posted / sunil malik

if u r other den individual or huf den u hve to pay 10% tds, and pan card is required otherwise 20% tax will b deducted

Is This Answer Correct ?    9 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

we are a manufacturer unit can we purchases of building material agst form "C" or vat C4?

1590


What are the deductions under salary head?

646


How to reconcilation of modvat

1977


If a person got gold by wining a lottery and TDS on the gold value was not deducted by the deductor. After getting the gold, the person tranfer the gold to his daughter. After reading the provisions of the Income Tax Act, 1961, you are required to state that who is liable to pay the tax on the value of the gold? and is there any liability of the Deductor towards non-deduction of TDS?

2773


Excise duty applicable for Handmade Production?

2978






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.

4384


A Norwegian Company rents some equipment to a customer in India. The Norwegian Company does not have an office in India. The new tax regulations make in mandatory for them to furnish a PAN number without which a with holding tax will be deducted. The Norwegian company will be paying tax on this rental income in Norway. India and Norway have a Double Tax Avoidance Agreement. I wish to know 1) Is it possible for the Norweigian company to avoid the with holding tax in India?

1513


we are getting materials from outside the state and issuing form c to a local party, since the local party is consignee agent of party who sends the materials. what is name this type of transaction? is issuing form c correct and proper? please reply

1613


What is process CST & Custom Duty Handle in tally Erp 9, with example.

1396


How should the personal assets of a salaried employee be shown in his books of accounts ?

1325


In TDS Challan, i had written the TAN No of my company wrongly and i file it to the Govt. what can i do now? is there any problem reg this? wat is my next step? shall i give any letter to TDS Circle in this regarding? how can i approach them? Kindly help me immdly with the procedure.

2212


WHAT IS THE DIFFERED ASSET , WHAT IS THE PROVISION OF IT GIVT ME THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com

1597


Can Guradians (other than parents) be dependents and can we get exemption on them at Taxation part like Medical, LTA and Sec 80DD? Pls Comment.?

1576


Company A from Maharashtra dispatch material directly to company C in Maharashtra & Billed to Company B in Karnataka. Co. A raised billed to Co. B charged local VAT., Co. B raised bill on Co. C tax rate NIL. Can Co. C claimed on VAT amount ?

1459


calculation of Tds on subcontractor

1982