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 Audit interview questions  Audit Interview Questions
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Question 
what is the amount of t.d.s if one get 4000/- monthly from 
a company on behalf of consultancy charges.
 Question Submitted By :: Arvind Kumar
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is the amount of t.d.s if one get 4000/- monthly from a company on behalf of consultancy charges.
Answer
# 1		 
TDS RATE 10% ON CONSULTANCY CHARGES, IF PAYMENT IS MORE 
THAN 20000 P.A .
IN THE GIVEN CASE ANNUAL PAYMENT IS 48000. SO. EVERY MONTH 
TDS IS TO BE DEDUCTED Rs 400. 
NO E. CESS AND SURCHARGE IS APPLICABLE FROM 1/4/2009.
 
Is This Answer Correct ?    4 Yes 1 No
Saurabh Shukla
 
  Re: what is the amount of t.d.s if one get 4000/- monthly from a company on behalf of consultancy charges.
Answer
# 2		 
If he Gets 4000/- Monthly 
Then TDS =4000*12=48000/-
TDS Will be  10.30% on 48000/-
=4944/-
 
Is This Answer Correct ?    0 Yes 4 No
Kiran
 
 
 
  Re: what is the amount of t.d.s if one get 4000/- monthly from a company on behalf of consultancy charges.
Answer
# 3		 
CONSULTANCY
TDS RATE 10% ON CONSULTANCY CHARGES
E.CESS AND SURCHARGE IS NOT APPLICABLE FROM 01-OCT-09 

TDS Will be 4000*12/10% =4800

AND OTHER HAND
IF WE DEDECT MONTHLY T.D.S
  4000*10/100 =400 FOR ONE MONTH
  AND TOTAL
ANNUAL-400*12=4800
 
Is This Answer Correct ?    0 Yes 0 No
Chandrakant
 
  Re: what is the amount of t.d.s if one get 4000/- monthly from a company on behalf of consultancy charges.
Answer
# 4		 
No TDS has to be Deducted UPTO when the total payment 
>20,000 if you start payment from April 2009 then you have 
todeduct tax from the payment of august 2009@10.3%

4000*5=20000*10.3%=2060 TDS
For the M/o Sept.09 TDS Rs. 412
But from the M/O Oct.09 no E.Cess & Surcharge
Then from the M/o Oct.09 TDS will be 400
 
Is This Answer Correct ?    2 Yes 1 No
Debananda
 

 
 
 
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