Interested to Buy Any Domain ? << Click Here >> for more details...
Contractor Limit of TDS Deduction is Rs. 30,000/-, After limit if I receive another 10,000 amount bill then I have to deduct TDS on total 40,000 or only on 10000/-. Pls advise
- 2 Answers
- 7671 Views
- I also Faced
- E-Mail Answers
Answer Posted / babu
TDS 2% On Contractors Transaction more than 30000/- yearly
or single Transaction We have to Deduct 2% .So we have to
Deduct 2% on 40000/- is 800/-.
| Is This Answer Correct ? | 8 Yes | 2 No |
Post New Answer View All Answers
HOW TO FILE RETURN- SALARIED PERSON GETTING SALARY 6 MONTH FROM ONE & 6 MONTH ANOTHER COMPANY
What is the %age of T.A.,D.A.,H.R.A.,BASIC
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%.
How to calculate entry tax on kraft papers format in excel under Assam Entry tax rules?
i want to learn income tax work please tell me about all dedutions exempations and income detail...how to calculate tax on net income
can we do manual tds return file or r-tds is complusry? if we can do manual tds return file, where i have to go for return file. like we go to income tax department for Income tax return file in manula tds case.
what is excise
CASH SALE OF Rs. 10000/- WITH TAX. THEN WHAT SHOULD BE THE ENTRY BEHIND THIS IN BOTH SIDE SALES AND TAXATION.
I have some queries about Service Tax, I am working in a Insurance Broking Company. 1) We have raised one bill on 25.04.09 for the services provided by us in the month Mar, 09 Now We received the chq on May, 09 followed in the Month of June,09. When the service tax is actually payable in the month of received of Service tax amount or in the month of services actually provided by us (Mar09) 2) Can we take 100% credit of Service Tax Input paid to those who provided services to us. Suppose Service Tax payable is Rs. 100/- and Service tax charged by the other firms/company Rs. 80/-. The question is That can we deduct Rs. 80/- (already paid). Now Net ST payable would be Rs. 20/- or other percent of service tax input is available 3) What is the rate of interest for Service tax if not paid on time. Pls help me out asap
what is limit of form "16" or "31",c-form & form "11" or 3b during the issued on one time.
What are the Treatment & Implications in interstate sales transactions if party is unregistered dealer & having Exemption Certificate or exempted.
What is RITC under UP VAT. and How it is calculated.
What is DSCR and how to calculate the same.
The company has to pay transportation charges for transporting its materials. The company has not remitted the TDS on the same within due date. Is this expenses to be disallowed in STI. This expenses is directly considered on valuation of closing stock.
procedure to get Raw Material free of excise duty under Central Excise Act,
