We have recd. work contract at Karnataka, now i want to know what is the WCT tax structure in Karnataka under regular Method and composition method, Is there Interstate purchase & Branch stock transfer allowed under composition scheme? How to calculate VAT liability under Regular Method and composition method. Which scheme is beneficial for us?
I am working one company under contractual employee & My CTC
is 9000 per month & take home salary is 8100, they are
deducting 900/- as TDS per month on my salary, as i aware
that, no TDS will be deduct below 160000 per year, can you
plz post the answer or mail me on my mail id
(email@example.com) (firstname.lastname@example.org) Thanks in
Advance to all.
Hope you have correct answer & you will post as soon as
Sir, My mother has got a sum of money about 5 lacs in the
form of pension arrears. Will she have to pay the income
tax on this amount which is deposited in her bank account &
if it is then please suggest me to save the tax at maximum
I have purchase one air ticket from a travel agency. They
allow 3000 rupees ticket to me for the total ticket
purchase.But they debited staturoty TDS to me. I ask them
for the legibility of this, they replaied they had received
commission from airlines and airlines catch TDS from them
and naturally it comes down to sustomers also. But my doubt
is Airlines are allowed commission to Travel Agency and
Travel Agency are not shared commission-they allowed
discount. So is this TDS is applied for me or not?