we are giving the UPS monthly charges 10000/- should we deduct tds if yes then how we will calculate it
- 4 Answers
- 7284 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / rajesh kumar
yes, TDS is Applicable under Sec- 94 I
Calculate
10000 of the 2% = 200 monthly payment
rent 94 I
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / rajashekar
This expense will come
under(CONTRACT)
hence section
applicable is 194c not
194 I if 194 i
applicable then you
have to deduct 10%
tds,even this is also not
possible because
threshold limit is Rs
180000
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / rakesh krishna.v.r
you do not have to deduct any amount from payment if there is only one payment of Rs.10000.Because as per sec 194c Payment to contractors or sub-contractors minimum amount applicable amount is 30000 (F.Y.2012-2013) percentage of deduction is 10%.
Yearly Limit u/s 194C:Also where the aggregate of the amounts paid/credited or likely to be paid/credited to Contactor or Sub-contractor exceeds Rs.75,000 during the financial year, TDS has to be deducted @10%
TDS at higher rate ie., 20% has to be made if the deductee does not provide PAN to the deductor.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / rajesh kumar
yes, TDS is Applicable under Sec- 94 I
Calculate
10000 of the 2% = 200 monthly payment
rent 94 I
| Is This Answer Correct ? | 2 Yes | 3 No |
My client is a Partnership Firm and was converted in to the Pvt. Company. Now, the Question is that the both the entity i.e. Partnership Firm and Company entitled to get the Depreciation of Proportionarate basis, they used the Assets? I reffered to the Income TAx Act, there is no any specification regarding the convertion only the amalagamation and merger.
Daily announced price of Gold. this price is included vat ya without vat. pls give me solution.
What is the difference between Mortgage, Pledge and Hypothecation? Reply.....
Whether Luxury Tax is applicable for ICU Bed charges..
what is the case assesment of sales tax and vat.What is the proof of this case assesment.why we use the challan-c...???? Plz tell me someone...???
can anyone answer,how to calculate TDS for the whole year of a person whose salary is Rs 9000 p.m. so his D.A. has risen up quaterly wise for eg, April - June 63%, july to sept 73% which is upto fourth quater
what is the difference between real expense and operating expense?
what is the tax % of contractors?
Whether sales tax is chargeable on imported goods.
in excsie what is the function of PLA register?
Can CST credit be claimed on CST paid? Is there a concept like Cenvat credit in CST just like in VAT?
we have received " c" form against full rate of tax i.e 12.5% from the customers can we summiting in sales tax department for taken a refond as consisnal rate i.e 2% sale against "c" form , but party hasebeen mantion on the back side of from all value inclusive of taxes i.e full rate of tax can we utilised this form for consosnal rate ?
Audit 
