What is TCS? On Which it is Computed.
Answers were Sorted based on User's Feedback
Answer / r.ramesh
TAX COLLECTION @ SOURCE
Sl.No. Nature of Goods Rates
1.Alcoholic liquor for human Consumption 1%
2.Tendu leaves 5%
3.Timber obtained under forest lease 2.50%
4.Timber obtained by any mode other than a forest lease
2.50%
5.Any other forest produce not being timber or tendu leaves
2.50%
6.Scrap 1%
7.Parking lot 2%
8.Toll plaza 2%
9.Mining & Quarrying 2%
Annual Return for TCS to be filed in form No.27E
Half yearly return for the period ending 30th september &
31st March to be filed within 1 month
| Is This Answer Correct ? | 23 Yes | 2 No |
Answer / naveen
tcs is Tax collection at Source it will come While doing
Scrap sales and its % @1.03%
| Is This Answer Correct ? | 33 Yes | 21 No |
Answer / darshan katara
TCS- Tax collection at Source and it is calculated on
scarpe sale @1.03%
| Is This Answer Correct ? | 18 Yes | 9 No |
Answer / vijay karan yadav
TCS Collected @ 1.03% on the amount debited to the buyer.
that means it must include excise and Vat also.
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / ashish soni
Basic Amount - 1470 RS.
+ LANDING 1%
+ CUSTOMDUTY 28.85%
+ VAT 4%
+ ADD.VAT 1%
+ TCS 1%
SO,PLEASE REPLY ME TCS CALCULATION AS SOON AS POSSIBLE.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / bhim singh rana
tax collection at source.
It is calculaed on scarpe sale @ 1.33%
| Is This Answer Correct ? | 8 Yes | 30 No |
how to pass advance excise duty entry in tally erp9.2
what is assessment year and previous year ?
50 Answers Bank Exams, Chartered Accountant, ICICI, SSC, TATA,
what is process of the TDS deduction?
due date for issue of C form, if c form is not issue what will be the consequences
when we want bought a new asset (for ex. car)how we calculate our income with the eye of income tax
WHAT IS EXCISE DUTY.
What items fall under the category of ‘securities’?
What is the different types of rates of TDS for different Catogaries of services.
how to calculate service tax on tds
0 Answers ABC, HCL, Modelama Exports,
x invesment in mutual fund 45000, and recd dividend of mutual fund 5000 with in year, also investment only for one year. i f final the balance sheet then how closed it?
If we purchase Inter -state any Plant & Machinery for Works contract for completion of a Project and later after completion of the same if we move that material to other State , Can we get "C" form against this material where we have purchased it. Is there any Notification regarding the same . In which circumstances a Works contractor can get "C" Form ? If against "C" Form a works contractor purchased the material and passed on the material via Works contract to the client whetheer Local VAt rate is also applicable on the same .
1 Answers Tribeni Constructions Ltd,
what will be my tax if i suddenly got 800000 to 1000000 in my bank by chq from sale of an old house?