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When we (Company) deduct surcharge of Contractor (above 10
Lakhs Individual, 1 Crore in case of Company) Pl confirm
the meaning of 10 lakhs and 1 Crore. Either it means
payment made to the contractor in a year by a company or
one & more company (Aggreg. Income). Pl explan in detail.
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Answer / manish digwal
we have to deduct the 10% Surcharge, when their
Business exceeds from Rs.10 lacs Per annum only form
Individual ......and...... we hv to deduct the 10%
surcharge for company, when the Business of company exceeds
from Rs.1 Crore
Only for TDS
| Is This Answer Correct ? | 6 Yes | 1 No |
w.e.f 1-10-09 surcharge is levied only on salary and non on other payments.
In the above said question, surcharge is applicable on payment of income tax, if profit of the company is 1 crore or more and in case of individual is income exceeds 10 lacs.
tks
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rajesh
we have to deduct the 10% Surcharge for Contractor if there
income exceeds Rs.10 lacs Per annum. same as company
| Is This Answer Correct ? | 3 Yes | 4 No |
Answer / l.govinda.rao
Aggregate payments made to contractor exceeds Rs 10 lakhs
per annaum the collect surcharge @10%
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / harrie007
A co. is required to deduct Tax at Source (TDS) if the
total payments to that particular person exceeds the
specified amount(10 lacs or 1 crores)
| Is This Answer Correct ? | 0 Yes | 2 No |
incase we sold to the goods to a indiviucal person to other state,but its claimed a form 'C' ?
is there in india the rate of work contract are same in all states if now what are the statewise rate
vat return dates for uttrakhand
What is TDS and why we deduct it?
I want to know the liability of tax agaisnt 'C' Form if i am not able to produce the form in front of authority.
8 Answers ABB, Join Leader Chemtech,
In TDS Challan, i had written the TAN No of my company wrongly and i file it to the Govt. what can i do now? is there any problem reg this? wat is my next step? shall i give any letter to TDS Circle in this regarding? how can i approach them? Kindly help me immdly with the procedure.
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