Answer Posted / naina jain
TCS means Tax Collection Source that have to collect from
others who have deducted the tds.
Rates of TDS & TCS are same.
There are different categoric like
sub-contractor,contractor,rental, professional,
consultant...etc for each category rates are different.Rates
are divided category wise for both tds & tcs.
| Is This Answer Correct ? | 85 Yes | 108 No |
Post New Answer View All Answers
What is c.s.t slab on furniture & fixture ?
WHAT IS THE PORVISION OF INCOME TAX & SELF ASSESSMENT TAX AFTER AUDIT IN PVT LTD CO & LTD CO , PLEASE GIEVE ANSWER IN DETAIL WITH ENTERY TO MY E-MAIL ADDRESSS
what is the rate of interest when an assesse paid tax after the due date in the prescribed time limit?
IF ANY PROPRITER SAID THAT DON'T DEDUCT TDS OF HIM BECAUSE IT IS NOT PARTNERSHIP FIRM THEN WHAT SHOULD COMPANY DOES?
can we purchase software agaist Form under In the telecommunications network; or
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.
for applying way bill for to send the materials from one state to onother state for a part load ( not full exclussive truck load)through transporter,dose it required vehical registration number or only transporter details can do.(as for part load , transporter unable to inform the vehical number in advance).kindly advise.
What are the treatment & implications in case interstate sales transaction if party is not registered (Individual or other then individual)
Suppose that a sub-contractor total work done for Rs.100 & he charged 10.3% service tax.Then total gross value will RS.110.30.On what amt you will (that means on total work done or total gross value)charged Retention@10%,WCT@3% & TDS@2%.
What is the commitment to the bankers against L/C ? They need any colletral Security or any deposit ? What is terms & conditions of L/c?
what is period VAT revised return can be filed?
The Depreciation Rate for Heavy Equipments like cranes (used in the construction of bridges, flyovers etc ... ) is 30% as per the companies act. If i buy a crane for Rs. 10 Lakh and claim depreciation the cost of the crane in the 2nd year is 7 Lakh and in the 3rd year it is 4.9 Lakh and in the 4th year it is 3.4 Lakh ...... Can i re-value the crane in the 5th year to the 2nd hand market price of Rs. 20 Lakh and claim depreciation on it @ 30% ? (Cost of crane in 6th Year now is 20 Lakh - 6 Lakh = 14 Lakh )
How to show reject material in ER1
What is VAT TDS? when it is applied & at what rate?
What's format of CMO & CMA Data?
