(1) what is TDS
(2) what is the current Rate of TDS:
(A) payment of contarctor/subcontractor
(b) payment of professional charges
(c) payment of rent
(d) salary
Answers were Sorted based on User's Feedback
Answer / shivakumar.c
1)Payee of certain income deducts tax @ source @ the
specified rate at the time of accruel or payment of such
income to the payee
a)Payment to contractors/Sub contractors = 2.266%/1.133%
b)Payment to Professional charges = 11.33%
c)Payment to Rent = 22.66%
d)Salary = 30%+10%+3%
| Is This Answer Correct ? | 17 Yes | 8 No |
Answer / dinesh katoch
a) Contractor / Subcontractor : 1.00 %
b) Professional : 10.00%
c) Rent : 10.00%
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / neeraj suryan
Section Catagary Rate
194 A Intrest from bank 10%
194 A Other intrest 10%
194 B Winning from lottries 30%
194 BB Winning from Hourse Race 30%
194 C Contractors,Transpoters 2%
194 D Insurance commission 10%
194 H Commision 10%
194 I Rent 10%
194 I Rent Plant/ Machinary 2%
194 J Professional Fee 10%
No Surcharge & Cess is applicable form 01.4.2009
For Transportor no TDS if PAN is available.
In case of income
Male Normal age
160001-500000 10%
500001-800000 20%
More than 800000 30%
Female
190001-500000 10%
500001-800000 20%
More than 8 lakh 30%
Senior Citizen (more than 65)
240001-500000 10%
500001-800000 20%
More than 8 lakh 30%
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / lucky mafiya
1. tax deducted at sources
2. a)2/1
b)10%
c)10%
d)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / pooja
tds is tax deducted service.
a)contractor/subcontractor: 2.27/1.133%
b) professional : 11.33%
c)rent: 11.33/22.266%
| Is This Answer Correct ? | 3 Yes | 4 No |
What is VAT TDS? when it is applied & at what rate?
what is the tax that is levied if company crosses 1.5 crores turnover
Is VAT & CST should be charged at a time on one purchased item? please give more clearity on this issue?
when charges PURCHASE @ 12 % TAX RATE ?
I received TDS Certificate (Form No 16A) from one company, they diduct the amount from our bills. how can i refund that amount. pl tell me.
WHERE WE HAVE TO TAKE TDS RECEIVABLES IN THE BALANCE SHEET OR P&L A/C ?
12 Answers Insurance, Reliance, Wings Customer Care,
i want to learn income tax work please tell me about all dedutions exempations and income detail...how to calculate tax on net income
how i can grab more information about income tax?
is it necessary to use form 38 in U.P. for out of state purchase at @5% CST
What are the treatment & implications in case interstate sales transaction if party is not registered (Individual or other then individual)
We have recd. work contract at Karnataka, now i want to know what is the WCT tax structure in Karnataka under regular Method and composition method, Is there Interstate purchase & Branch stock transfer allowed under composition scheme? How to calculate VAT liability under Regular Method and composition method. Which scheme is beneficial for us?
what is deffered tax asset