Interested to Buy Any Domain ? << Click Here >> for more details...
i forgot to deduct tds in Contractor non corporate in july 15 so what should i do now?
Please Suggest.
- 3 Answers
- 3789 Views
- Mahindra Holidays and Resorts India MHRIL, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / raghu.v
With Example ,
case - 1
Transaction/Payment/Bill made to Vendor in the month of Sept 2015 Rs.80,000/-,at the time of payment
We suppose to deduct TDS 1%(if individiul/HUF) Rs.800 and make the payment to vendor Rs.79,200/-,and do TDS remit in next following month Oct 2015 with 7th Rs.800,if you failed to pay 1.5% interest have pay per month.
case - 2
Transaction/Payment/Bill made to Vendor in the month of Sept 2015 Rs.80,000/-,at the time of payment
We suppose to deduct TDS 1%(if individiul/HUF) Rs.800 ,but not deducted we have paid Rs.80,000 istead of 79,200,and in this case we have to pay from our hand Rs.800,and adjust the same from vendor in next bill
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / ra
With Example ,
case - 1
Transaction/Payment/Bill made to Vendor in the month of Sept 2015 Rs.80,000/-,at the time of payment
We suppose to deduct TDS 2%(if Other than individual/HUF) Rs.1600 and make the payment to vendor Rs.78,400/-,and do TDS remit in next following month Oct 2015 with 7th Rs.1600,if you failed to pay " 1.5% interest have to pay per month"
case - 2
Transaction/Payment/Bill made to Vendor in the month of Sept 2015 Rs.80,000/-,at the time of payment
We suppose to deduct TDS 2%(if individual/HUF) Rs.1600 ,but not deducted we have paid Rs.80,000 instead of 78,400,and in this case we have to pay from our hand Rs.1600,and will adjust the same from vendor in next bill
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / raghu.v
With Example ,
case - 1
Transaction/Payment/Bill made to Vendor in the month of Sept 2015 Rs.80,000/-,at the time of payment
We suppose to deduct TDS 1%(if individiul/HUF) Rs.800 and make the payment to vendor Rs.79,200/-,and do TDS remit in next following month Oct 2015 with 7th Rs.800,if you failed to pay 1.5% interest have pay per month.
case - 2
Transaction/Payment/Bill made to Vendor in the month of Sept 2015 Rs.80,000/-,at the time of payment
We suppose to deduct TDS 1%(if individiul/HUF) Rs.800 ,but not deducted we have paid Rs.80,000 istead of 79,200,and in this case we have to pay from our hand Rs.800,and adjust the same from vendor in next bill
| Is This Answer Correct ? | 0 Yes | 0 No |
WHAT IS THE PROVISION OF TDS RECEIVABLE AT THE TIME OF YEAR ENDING GIVE THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com
Sir among the answers given by different persons, different answers are posted for the same question? regarding calculation of ESI & PF calculation whether on Basic or Gross salary? could u suggest the exact answer from the expert Pls.
In India for various goods supplied Excise duties applied by suppliers on goods? How to check this.. Is there any website in
What is meant by Cost of Improvement?
who is person issued form "H" in case of sale against form "H" (export sale)?
what is fbt? and how to calculate of perks which are give by the employer to employee?
how many types of sale tax returns?
What is different in balance sheet & trial Balance sheet ? Provisions entry in ending year ?
I am Register dealer in Karnataka. One of another register dealer of karnataka has got job work at Andhra Pradesh. They asked us to deliver the material in Andhra pradesh but the invoice should be in Karnataka only. Now my question is what type of sales tax should we charges VAT / CST? As per my best knowledge whether we raised the invoice in Karnataka the invoice will raise in VAT though we deliver the material at Andhra Pradesh.
what is the vat rate for gold coin - 24 carrots in karnataka.
we are purchasing kraft paper is there any question entry tax over kraft paper as per the orissa entry tax rules. and if so what is percentage of entry tax.
Can a Company can issue C Forms in Advance to the seller (Other than govt.dept.)
Audit 
