WHAT IS THE TDS RATE ON FREIGHT
- 7 Answers
- 51773 Views
- ABC, Chartered Accountant, Ramky, Spk Software, VS, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / rajesh
Dear mr. Arun kumar samal don't give wrong answers.
as per 194C single bill should not be crossed Rs.30K
else on the whole it should not be crossed Rs.75K
if crosses for induvidual / HUF - 1% TDS ( no surcharge & Cess)
if Company - 2% ( no surcharges & cess)
| Is This Answer Correct ? | 102 Yes | 14 No |
Answer / rakesh
AS PER FINANCE ACT , SEC.194C IF THE TRANSPORTER GIVEN PAN
NO. THAN NIL TAX OTHER WISE TAX DEDUCTED 20%.
| Is This Answer Correct ? | 79 Yes | 8 No |
Answer / jennifer
as per 194C single bill should not be crossed Rs.30K
else on the whole it should not be crossed Rs.75K
if crosses for induvidual / HUF - 1% TDS ( no surcharge &
Cess)With PAN CARD No
if Company - 2% ( no surcharges & cess)With PAN CARD No
If both are failing to give the PAN No. should Deduct 20%
TDS on the payment exceed 30k single bill & 75K for the
whole year.
| Is This Answer Correct ? | 25 Yes | 1 No |
Answer / ravinder sharma
AS PER TDS ACT 206AA, SEC 194C IF TRANSPORTER GIVE PAN
NUMBER THEN NO TDS IS PAYBLE, IF NOT THEN 20%.
| Is This Answer Correct ? | 28 Yes | 5 No |
Answer / bhavin
can you give me a tds rate w.e.f.01.07.10, all section
| Is This Answer Correct ? | 11 Yes | 1 No |
Answer / arun kumar samal
Sec.194C-Payments to resident contractors (section 194C).
If any contract value exceeds Rs 20,000 or Rs. 50,000 in
the aggregate during the financial year, you must deduct
TDS at 2.06% of the payment if payment to contractor (for
contracts other than advertising contracts). (Exception:
Individuals and HUF whose sales/gross receipts in business
is less than Rs 40 lacs or professional receipts is less
than Rs 10 lac are not required to deduct the TDS).
The TDS on freight charges is 2.06%. The transporter or
freight carrier firm is a contractor to carry your goods.
| Is This Answer Correct ? | 13 Yes | 33 No |
Please Advise When issue form F monthly Basis or quarterly basis.
What are the Treatment & Implications in interstate sales transactions if party is unregistered dealer & having Exemption Certificate or exempted.
I HAVE PURCHASE MATERIAL IN 3% CST FROM U.P.AGAINST FORM 'C'. AFTERTHAT I WILL NOT GIVE FORM 'C' THAN HOW MANY RS. PAID TO PARTY.
what is prosses of vat refund
1 Answers Chartered Accountant, Unique Rubber Industries,
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 ?
I am trader & my office in Delhi & I have any Material purchase from Puna & I want directly dispatch material from Puna to Ludhina which my customer. So what can I do this transaction ? & what will the tax pay.
what is the diffrance between tax invoice & retail invoice what is the rule of making invoicing please detail about this./
What is the value of the Budget for 2009-10
What is RITC under UP VAT. and How it is calculated.
I am paying LIP to my daughter Rs 12500 per annum since 5 years. last year she got married. Pl advice me whether I can add her LIP payment to my savings to get Tax benifit
If Advance deposited Rs.200000/-, TDS diposited Rs.100000/- & Provision for Income Tax is Rs.250000/- but It department raise the Assessment Tax is Rs.350000/-. What will be the journal entries?
What will be the planned expenditure in the budget 2009-10
Audit 
