TDS on advertising is deducted U/s.194C of Income tax act.
If TDS not deducted, If Per single transaction does not exceed Rs.20,000/-
and total transactions during the year doe not exceed Rs.50,000/-.
Otherwise Tds has to deduct.
For Individuals Normal rate 1% + 10%Surcharge on Tax(It is applicable only if the Individual gross total income exceeds Rs.10,00,000/-, other wise surcharge is not applicable.) +Education cess @2% and Higher education cess 1% on on tax.
For Companies & Firms :- Income tax 1% + 10%Surcharge on Tax(It is applicable only if the Companies & Firms total turnover exceeds Rs.1,00,00,000/-, other wise surcharge is not applicable.) +Education cess @2% and Higher education cess 1% on on tax.
Our one local supplier who engaged in supplying stationery
& housekeeping materials he charge Vat @4% on bills or some
bills they charge Vat @5% or sometime 12.5%
How it decide ..?? n how can we cross check ??
Dear Sir please give the answar for the following question.
What is the CST rate, if C form is fail to file after
issued final Assessment Order. Because our commidity is @
4%. But in the assessment order they are demanding @12.5%
tax to which c forms are not submitted. for this issue
what is the rate applicable.