WHAT IS THE TDS RATE ON FREIGHT
Answers were Sorted based on User's Feedback
Answer / rajesh
Dear mr. Arun kumar samal don't give wrong answers.
as per 194C single bill should not be crossed Rs.30K
else on the whole it should not be crossed Rs.75K
if crosses for induvidual / HUF - 1% TDS ( no surcharge & Cess)
if Company - 2% ( no surcharges & cess)
Is This Answer Correct ? | 102 Yes | 14 No |
Answer / rakesh
AS PER FINANCE ACT , SEC.194C IF THE TRANSPORTER GIVEN PAN
NO. THAN NIL TAX OTHER WISE TAX DEDUCTED 20%.
Is This Answer Correct ? | 79 Yes | 8 No |
Answer / jennifer
as per 194C single bill should not be crossed Rs.30K
else on the whole it should not be crossed Rs.75K
if crosses for induvidual / HUF - 1% TDS ( no surcharge &
Cess)With PAN CARD No
if Company - 2% ( no surcharges & cess)With PAN CARD No
If both are failing to give the PAN No. should Deduct 20%
TDS on the payment exceed 30k single bill & 75K for the
whole year.
Is This Answer Correct ? | 25 Yes | 1 No |
Answer / ravinder sharma
AS PER TDS ACT 206AA, SEC 194C IF TRANSPORTER GIVE PAN
NUMBER THEN NO TDS IS PAYBLE, IF NOT THEN 20%.
Is This Answer Correct ? | 28 Yes | 5 No |
Answer / bhavin
can you give me a tds rate w.e.f.01.07.10, all section
Is This Answer Correct ? | 11 Yes | 1 No |
Answer / arun kumar samal
Sec.194C-Payments to resident contractors (section 194C).
If any contract value exceeds Rs 20,000 or Rs. 50,000 in
the aggregate during the financial year, you must deduct
TDS at 2.06% of the payment if payment to contractor (for
contracts other than advertising contracts). (Exception:
Individuals and HUF whose sales/gross receipts in business
is less than Rs 40 lacs or professional receipts is less
than Rs 10 lac are not required to deduct the TDS).
The TDS on freight charges is 2.06%. The transporter or
freight carrier firm is a contractor to carry your goods.
Is This Answer Correct ? | 13 Yes | 33 No |
what is the prime cost? and factory cost how to calculate it?
What do you mean by MOT Charges in excise ? Explain !
1. Defination of Contractor & sub contractor 2. In cash method of accounting can we claim TDS deducted on Advance Recevied from contractee.
What is Tax Refunds ?
verification of licence comes under professional or contract in TDS
why form 31 used at the time of sale and purchas
I am salaried, can I get rebet of car loan from income tax?
2 Answers Omnitech, SSI Small Scale Industries, TCS,
What qualification require for become a tax consultant ? what the future in this..???
Can u provided all the dues date and depositing date which are used in general manner or Income tax..
I have a plot at Visakhapatnam. I have entered into a contract with a builder which enables him to construct 10 flats on the plot and builder and myself will share 50:50 of the constructed area. i.e. builder will get 5 and i will get 5 flats. Builder is not paying me any other consideration apart from 5 flats. Kindly clarify as to whether any servive tax is applicable and payable by me ?- kgr varma
There is a sales return in the month of April'09, we didnot take input credit for such return. shall it possible to take now? what the time limit to take such sales return input credit in VAT?
What are the treatment & implications if party doesn't provide C Form in interstate sales transactions & also same if provide C Form.