Interested to Buy Any Domain ? << Click Here >> for more details...
we want to know that the rate of TDS on contractor , rent,
Professional and also know that what is the minimum amount
for TDS on Contractor , Professional
- 4 Answers
- 7429 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / swati
TDS on Contractor for company firm - 2% limit - Rs.75000/-
per year
TDS on Contractor for Individual -1% limit - Rs75000/-for
year
TDS on Professional - 10% limit-Rs.30000/- for year
TDS on Hiring - 2%
| Is This Answer Correct ? | 16 Yes | 2 No |
Answer / manoj s
SEC 194C -CONTRACTORS. IF THE SINGLE BILL IS EXCEEDING
30000 OR THE AGGREGATE BILL IN A YEAR EXCEEDS 75000..THEN
TDS OF 1% IS DEDEUCTED IF IT IS SUB CONTRACTING OR
ADVERTISING .. IN OTHER CASES 2% OF TDS IS DEDUCTED
SEC194I-RENT .. IF THE AMOUNT EXCEEDS 180000 PER ANNUM ..
THEN PLANT AND MACHINERY 2%
OTHER ASSETS 10% IS DEDUCTED
SEC194J-PROFESSIONAL FEES.. IF AMOUNT EXCEEDS 30000 IN A
YEAR.. THEN 10% TDS IS DEDUCTED
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sharyanch
TDS on Contractor 2% - Contractor bill Rs.20000/- in
lumpsum payment for TDS deduction or Rs.50000/- payment in
current financial year.
TDS on Rent 20%.
TDS On Professional 10% - Mimimum Rs.5000/-
| Is This Answer Correct ? | 7 Yes | 8 No |
what do you mean by documentation
whatis audit test. whatis compliace test. what is substantive test.
What was your most rewarding accomplishment of your career and why
What are documents need to vouch while doing sales vauching?
Expand---------RDES
IF THE COMPUTER PURCHASED ON SEPTEMBER AND JANUARY AND DECEMBER THEN HOW MUCH PERCENTAGE WE HAVE TO CALCULATE ?
State with reason which account should be debited and which account should be credited in each of the following transactions: 1. Raj commenced business with cash Rs. 5000 2. Bought goods from Kiran for cash Rs. 1000 3. Sold furniture to Ravi on credit Rs. 500 4. Sold goods for cash Rs. 800 5. cash purchases Rs. 600 6. Bought Stamps Rs. 10 7. Withdrew cash from the business for personal use Rs. 1000 8. Paid salary to manager Rs. 500 9. Paid rent to landlord Rs. 200 10. Received commission from Mani Rs. 50 11. Paid for repairing machinery Rs. 30 12. Received cash form Ravi on account Rs. 400 13. Gave loan to Babu Rs. 500 14. Purchased goods from Sachin Rs. 400 15. Opened a bank account with Rs. 1000 16. Charged Mohan Rs. 50 commission for service rendered to him 17. Santosh paid the interest on loan advanced to him 18. Received loan from Manju Rs.10000 19. Office furniture stolen Rs. 500 20. Paid income tax Rs. 5000 21. Paid life insurance premium Rs. 300 22. Allowed discount to Babu Rs. 90 23. Discount received from Santosh Rs. 150 24. Amount charged by bank as bank charges Rs. 30 25. Railway fright paid on machinery purchased Rs. 100
what is the difference you can make by doing your course in the country of your choice
How to apply for articleship in big 4
central excise all question
0 Answers TATA, Vijaya Aero Blocks,
What is your major weakness?
5 Answers ABB, Price Waterhouse Coopers,
A company paid Mr.R an advance payment of Rs 5000 as tour allowance. After the tour R, submitted travel bill with a expense of Rs3000. He return Rs 1000 and claimed to pay the rest 1000 on a future date. Please pass the journal entries.
Audit 
