WHAT IS THE RATE OF TDS ON
SALARY,RENT,COMMISSION,CONTRACT,INTEREST, BROKERAGE ETC
Answer Posted / shabd kumar choudhary
1) salary for Co. & Firm Not Applicable,
& For Individual & HUF actual Tax
2) Rent For House Property
for Co. & Firm 20.60%
for Individual 15.45%
for HUF 20.60%
Rent for plant & Machinery
10.30% for Co. & Firm
10.30% for individual & HUF
3)Commission
10.30% for Co. & Firm, Individual & HUF if the amount
exceeds Rs. 2500
4) Contract
2.06% for all
5)Interest
20.60% for Co. & Firm
10.30% for HUF & Individual
6)Brokerage
Same as commission
Is This Answer Correct ? | 8 Yes | 7 No |
Post New Answer View All Answers
Please explain how to pass entry for VAT setoff and Service Tax Credit?
Ganesh & Gopal joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Ganesh 90000 Withdrawals of Gopal 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.
calculation of Tds on subcontractor
Who are non resident?
How to reconcilation of modvat
WHETHER VAT IS APPLICABLE IN FIRMER TRACTORS ? WHETHER VAT IS APPLICABLE IN NORMAL TRACTORS ? PLEASE NOTE THAT I HAVE PURCHASED IT BY PAYING VAT.
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.
Pl give the abstract details of Karnataka VAT Payment procedure, rebating, returns filing in connection of manufacture, distributer & retailer.
What is cenvat credit?
IF I RECD ANY BILL TOWARDS PRINTING OF FORMS, VOUCHERS AND ON SAME VAT IS CHARGED 5%, IS TDS IS ALSO APPLICABLE FOR THE SAME.
Dear Friends, Hai, i want to Know that How To Fill ETDS Return. Kindly Tell I'wll we very thankful to you. Deepak Gupa
What is the general format for a consolidated file extension? It is showing invalid file format? So how to solve the error? How to correct the file format? Help me how to know the general consolidated file format like is it tan no_finan.Yr-quarter-type.Tds is this format correct one? Last time i have found the extension as .Csi is it correct?
Define the term "Manufacturer"as introduced in finance act2010.
What is meant by asset clearance . how should i make my entries in tally
sir, can you give me clarification briefly how to capitalized and which one capitalized