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how to calculate tds on labour charge
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Answer / alkesh
tds on labour can be treated as tds on contract.
n if amount of the labour paid to party is more than rs
50000 in a year or 20000 in a one bill then TDS will be
deducted while making payment to party.
suppose labour charges paid rs 150000 then TDS on the same
amount will be 150000*2% = 3000
(w.e.f 1-10-2009 SEC and HSEC removed )
(10% surcharge if applicable)
| Is This Answer Correct ? | 169 Yes | 21 No |
Answer / mittaldn@allinterview.com
in case of company @ 2%
in case of subcontractor 1%
| Is This Answer Correct ? | 108 Yes | 18 No |
Answer / nichit pandurang
1) TDS on labour charges are exmpted for per Bill Amt less
than Rs - 20000 and total bill amt for the FY is less than
Rs - 50000
2) Tds on labour charges before 30th sep is 2.06 for
indivitual & Company for 2.266 percent
2) TDS rate change on 1st of oct 2009 removed cess & S&H
ecess
4) on 1st april 2010 the tds rate was same but not
submition of PAN no it will be 20%
| Is This Answer Correct ? | 41 Yes | 8 No |
Answer / tanuja vaykole
1) ans amount will be 150000*2% = 3000
(w.e.f 1-10-2009 SEC and HSEC removed )
(10% surcharge if applicable)
2)in case of company @ 2%
3)15000*2%=300
| Is This Answer Correct ? | 10 Yes | 0 No |
Answer / shweta
if (water proofing contractor) bill amount is 30800/- 1% tds=308
so what amount we should give to contractor & also chq amount?
i get confuse..
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / faruque
TDS on Labour work has been Relaxed from F. Y. 2011-12 or
Not Pls Rply
| Is This Answer Correct ? | 16 Yes | 24 No |
why charges PURCHASE @ 15 % TAX RATE ?
Is there any criteria for percentage define of TDS rates? and What is the major advantage of introducing DTC and GST by Central Govt?
Define the term person?
what is service tax? Tell upto filling retuns.
what is service tax? how its count? and why its count?
(1)what is last date of monthly TDS challan deposit (2) what is last date of TDS quarterly Return filling
32 Answers Advance Steel Tubes, Bombay Burmah Trading Corporation, First City, Kekran Mekran, SA Enterprises, Wipro,
Tall me Current tds Rate
can a company/firm give more than 20000 rs in cash in a day to his employee as an advance for day to day exp ( not for purchase a capital asset )
what is the vat.explain about the addolarum basis.
I am running a small business under labour charges. I purchase raw material paying tax. I do not have a tin no. In that case kindly advise How to file IT returns of my company and whether I can claim tax refund.
What is the differance between vat and tds d-vat and can we take benefit from it. for example if we sells to some one the entry is Dr. ram A/c 10000 Cr. Sales@4% 9600 Cr. Output vat@4% 400 now we received the cheque agst. sell the entry is Dr, Bank A/c 9573 Dr. Tds d-vat Receivable A/c 200 Dr. Tds Income Tax A/c 227 Cr. Ram A/c 10000 now If We recd. the Tds D-vat Certificate from our Debtor (Ram) What is the entry.....?????? and how can we get the benefit of it...???
if we are purchase in 4% vat tax than can we deduct tds
Audit 
