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 |
we are a manufacturer unit can we purchases of building material agst form "C" or vat C4?
how to recover a tds from taxation towards an assesse so particularly in finaNCIAL YEAR
What slab of Income Tax on till date.How many limit of investment for Indvidual.
how many types of vat
What is the general entry for TDS certificate received from the debtor of the company?
in L & T they asked me about service tax question in which situation when we take service from others & we paid billing amount yet we cant take credit service tax but we paid service tax on behalf of others party.
what is rate of sale tax and vat
What is difference between an Insurance and a general Insurance????
I want to know about the site where i can do online application for F form. Please suggest site address and procedure.
WHAT IS MEANING OF CENVAT CREDIT & CENVAT AVAIL
Breif discription of excise duty ?
CASH SALE OF Rs. 10000/- WITH TAX. THEN WHAT SHOULD BE THE ENTRY BEHIND THIS IN BOTH SIDE SALES AND TAXATION.