Should I deduct TDS for Dyeing Charges in Garments
Industry? If yes what is the percentage under which group
it will come?
Answers were Sorted based on User's Feedback
Answer / rupan
if your payment for dyeing charges to a same party(outside
party other than your employee) exceeds Rs.20000 or your
total annual payment to a same party exceeds Rs.50000 you
need to deduct TDS at the rate of 2% plus surcharge 10%(if
your total annual payment to that party exceeds one crore)
plus e.cess 3%. This comes under TDS on Contract.
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / murali
yes, When Your Tds Amount Exceed of Rs. 20000/- Per Month
or Rs. 50000/- Annualy then tds is Applicable. The
Percentage will be calculated based on the services like,
Contact, Sub-Contract, Prof. etc
| Is This Answer Correct ? | 6 Yes | 4 No |
Answer / prabakar
If it is a contract then tax is 2% surcharge 10% Edcucation
Cess 2% and Hr.Education Cess 1%
| Is This Answer Correct ? | 2 Yes | 5 No |
What is Average Due date
what is meant by fixed deposit?
Difference between funds flow statement & Cash flow statement
what is forecast
Expand ------ALH
Can you say the Sub-Fields of Accounting
Give simple definition on Dual Entity Concept
is 'loan' categorized as billpayable?explain
Expand---------BCDS
What is the theory for the balance sheet? Also how do you solve errors?
what is tds rate 2009-10 for 1.contractors 2.commission 3.advertisement
Which one of these two (SAAP & GAAP ) software you prefer to use and why?