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
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 |
Interstate purchase fixed assets against "c" form how can i enter this bill. Party value:- 2000000 Cst :- 40000 Machinery:- 2040000
Three common types of confirmations used by auditors are (1) negative confirmations, (2) blank form positive confirmations, and (3) positive confirmations with information included. Place the confirmations in order of reliability from highest to lowest.Question 8 options: 1, 2, 3. 3, 2, 1. 2, 3, 1. 3, 1, 2.
What is CARO 2003? What do you mean by management audit?
what is rate of tds in present financial year
What are your primary responsibilities in Accountant employment
What is the mean of decommission liability?
how would be affected the B/L and P/L purchasing OF BRAND NEW Motor vehicle
when is the closing stock shown in the trial balance?
What aspects interest you in the field of auditing ?
What do you see as "a good job"?
what is the entry of Salary Provision
Alpha Co. issued to the public for subscription 40000 shares of rs 10 each at discount of 10%payable as rs. 2 each on application, allotment and first call and rs.3 on the final call. Applications were received for 60000 shares and allotment was made pro-rata to 80% of applicants. R to whom 2000 shares were allotted paid only the application money, and S who had applied for 3000 shares,paid the entire call money due along with the allotment. pass journal entries to record the above transaction.