Interested to Buy Any Domain ? << Click Here >> for more details...
When we (Company) deduct surcharge of Contractor (above 10
Lakhs Individual, 1 Crore in case of Company) Pl confirm
the meaning of 10 lakhs and 1 Crore. Either it means
payment made to the contractor in a year by a company or
one & more company (Aggreg. Income). Pl explan in detail.
- 6 Answers
- 10758 Views
- Maruti Suzuki, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / manish digwal
we have to deduct the 10% Surcharge, when their
Business exceeds from Rs.10 lacs Per annum only form
Individual ......and...... we hv to deduct the 10%
surcharge for company, when the Business of company exceeds
from Rs.1 Crore
Only for TDS
| Is This Answer Correct ? | 6 Yes | 1 No |
w.e.f 1-10-09 surcharge is levied only on salary and non on other payments.
In the above said question, surcharge is applicable on payment of income tax, if profit of the company is 1 crore or more and in case of individual is income exceeds 10 lacs.
tks
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rajesh
we have to deduct the 10% Surcharge for Contractor if there
income exceeds Rs.10 lacs Per annum. same as company
| Is This Answer Correct ? | 3 Yes | 4 No |
Answer / l.govinda.rao
Aggregate payments made to contractor exceeds Rs 10 lakhs
per annaum the collect surcharge @10%
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / harrie007
A co. is required to deduct Tax at Source (TDS) if the
total payments to that particular person exceeds the
specified amount(10 lacs or 1 crores)
| Is This Answer Correct ? | 0 Yes | 2 No |
Can fright charges be included to calculate vat amount?
How can the management breakup the salary of employee(if salary Rs.10000/-) which % they calculate the Basic,T.A,D.A,H.RA.and e.t.c.
Brief me about sales tax,VAT,MVAT,excise duty,custom duty,octroi & what is the difference between tax and duty.
what are the items on which excise duty is applicable??? does it have something to do with the turnover of the manufacturing..??
i received annual inncentive received with deduction of TDS from My suplier. Total amount 100000/- Inncentive.Rs.90000/- Tds Rs.10000/- how to take entry in my books.
What are the benefits to an Employee to deduct TDS from his Salary ?
What is Excise & Service Tax ? What's Diffarance Excise & Service Tax ?
How to file the sales tax returns. I am new to this feild. pls help me.
what is exice duty & what are the exicesable goods
What is TDS ?
Please tell about Work Contract Tax and How much % to be deducted, Which type of contractors come under this WCT and what is the procedure after deducting the Tax.
should we can take modvat benefit any time or they have some limit time to take input benefit claim?
Audit 
