Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Company Should deduct TDS or not if a company calls a Saint
(Sadhu/Mahatma) for a programme like Pravachan/ Katha/
Pooja ETC ??? If yes then Tax Rate ??? Pl reply in detail
with reason of deduction.

Answer Posted / ajoy kumar rai

AS PER IT ACT , TDS IS APPLICABLE IF-
1.THERE IS EMPLOYER AND EMPLOYEE RELATIONSHIP.
2.SOURCE OF INCOME IS DEFINITE.

MOREOVER, IN THIS CASE, TDS MAY ARISE IF THE INCOME IS
TREATED AS "INCOME FROM OTHER SOURCES" .

Is This Answer Correct ?    2 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Who advance tax is the asset for company? What are the accounting entries of advance income tax

1881


what is WCT rate in chhattisgarh

3394


How tax deduction at source is deducted

2052


Does the tax liability of an individual get affected due to his residential status? If yes, explain.

1056


What do you understand by transfer income?

1053


the TDS rates and Income rates are equal in calculation of the salary and please send the IT slab rates for the employees and comapnies.

2153


WHAT IS THE PROVISION OF INCOME TAX, SELF ASSESSMENT TAX AFTER AUDITING GIVE THE EXAMPLE WITH ENTERY

2241


explain the special provisions for computing profit and gains of retail business

2167


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.

1906


Please explain how to pass entry for VAT setoff and Service Tax Credit?

3222


I am working as account in one of the logistics company for one year. I would like to know about service tax and how can I post necessary entries

2576


when i send goods out side the state against c form from gujarat to bombay which forms will have to required, where i get it & what process of to get it , please give me the answer on my e.mail sonidilip87@yahoo.com

2098


I plan to buy a new flat in Hyderabad which has never been registered before. Area of the flat is 1115 Sq. ft. I intend to know the following things.1.) what should be the amount of registration?.2.) Is there any VAT. If there is VAT what is the percentage?.3.) Is there any service tax. If so, what should be the percentage? as per F.Y 12-13 rule

2424


ON WOODEN FURNITURE EXCISE IS APPLICABLE OR NOT ?

2219


What is tha Central sales tax rate 2010 in andhrapradesh

3169