pls tell what is TDS CONCEPT IN RELETION TO TRANSPORTOR
- 4 Answers
- 6422 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / m.amaan
WITH EFFECT FROM (W.E.F) 01.04.2010,IF THE TRANSPORTER
FURNISHES HIS PAN NO. ON HIS LR/BILL,THEN NO TDS WILL BE
DEDUCTED & IF THE TRANSPORTER FAILS TO FURNISH OR QUOTE HIS
PAN NO.ON THE LR/BILL THEN TDS WILL BE DEDUCTED DIRECTLY
@20% FROM HIS BILL/INVOICE
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / shankar kumar
The rule of tds deduction related contractor is
TDS Rate 2 %
Surcharge 10% (if amount exceed 10 lac)
EC 2% & SHE 1% total = 3 % on (TDS & Surcharge)
In sub-contract TDS rate is 1%
Condition
1. Tds deduction starts when Single payment exceeds 20,000/-
& agreegate payment exceeds Rs.50,000/-.
2. once deduction starts tds will be deducted on whole
amount which has been paid to the certain constractors
earlier without deduction.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / rajnath maurya
this catagory falls under sub-contractor hence tds
applicable@ 1%+3% cess dont includ the service tax in such
calculation
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / ca.sunil kumar agarwal
W.e.f. FY 2010-11 new rule inserted by the Finance Minister
in this case if the transporter submit the PAN No to the
service taker in that case no TDS will be deducted but if
the transporter does not provide the PAN no then in that
case tds will be deducted on the entrie value of the
service provided during the Fy.
| Is This Answer Correct ? | 0 Yes | 0 No |
taxes leivied on carpentar & plumbing services
What will be the rate of TDS on contractor if the amount paid in a year crosses Rs.75000/-
Hi, Is there limit of applicablity of excise payment for any orgnization...?? what is date of excise payment..?? Excise return date & what procedure & how to take benifit availing service tax in excise return..? What form reuire for Excise Return..??
what diff. between Account ,Commerce and Finance?
CAN WE GET 100% CREDIT OF SERVICE TAX INPUT AMOUNT WHILE PAYING SERVICE TAX. LIKE SERVICE TAX PAYABLE IS RS. 100 AND SERVICE TAX INPUT IS RS. 30 FOR THE BILL OF TELEPHONE, TRAVELLING BILL REPAIR AND MAINT OF CARS ETC. PLS HELP ME OUT ASAP
3 Answers Chartered Accountant,
if i baught an house @ 1500000 by cash or by cheque for self use then how much tax i liable to pay? if my annual income is not taxable, and the buying power came from earliar old property. plz clearify all asked in one private co.
Where do you see yourself after 5 Years?
13 Answers ADITI, BAT, Ernst Young, ICI, ITC Indian Tobacco Company,
How you calculate Personal tax, business tax, income tax, service tax?
What is the value of the Budget for 2009-10
what is finalisation of accounts ? what are finalisation of accounts entries ?
TDS return for salary form.
Wat is TDS?give full information on that topic.
10 Answers Infoline, Thomas Cook, Win Infotech,
Audit 
