what is tds and what is what is the current rate of tds on
payment of contract and payment of professional charges
Answers were Sorted based on User's Feedback
Answer / nutan gonehalli
TDS - Tax Deducted at Source. The Tax is deducted from one
receipt if the income of the rceiver is more than that
prescribed by the Income tax act.
The TDS rate for Contract - 2% & For sub - Contracting is 1
% . advertisement Contract - 1%
if the contract value donot exceeds rs. 50000/- for the year
& single payment donot excceds Rs. 20000/-. In that case
deduction of TDS is not liable.
Professional - 10%
Is This Answer Correct ? | 11 Yes | 2 No |
Answer / ankita sinha
current rate of tds on payment of contract 2.06%
professional charges 10.3%
Is This Answer Correct ? | 7 Yes | 1 No |
Is TCS is collected in respect of Scrape Sales only? If yes then what will Scrape includes?
Please mail me the TDS rates for the year 07-08? aamirdeba@in.com
difference between tax invoice and retail invoice
what is deemed sales? how to calculated
My unit is a manufacturing unit and deals in Auto-parts and registered in Central Excise,Service Tax and Sales Tax. Now,we intend to import machines in the company for sale them in Local market.What procedures we have to follow for the aforesaid purpose?
what is the procedure for tds?
What is Sale in Transit Transaction and what are the forms issued and get form parties ?
what is timings of ruturn filing of vat,cst,service tax,cenvat explaine?
What is the rate of TDS on Rent on NRI
WHAT IS SHEDULE , HOW MANY TIPE OF SHEDULE IN COMPANY & PARTNERSHIP FIRM , WHAT IS IN EACH SHEDULE HEAD CONTAIN , PLEASE GIVE ME THE ANSWER ON MY E.MAIL sonidilip87@yahoo.com
i am working as an accountant. i forgot to deduct the TDS of one employee in year 2010-11 of Rs.1141/-. Now what is the procedure or solution for it?
how & on which amt tax should be calculate on pvt ltd company or ltd company