1. Categories >> Accounting >> Taxation
  2. Suggest New Category

Company should deduct TDS or not if Company is paying the
amount directly to the Sub-Contractor by Debiting the A/c
of Contractor and Crediting the A/c of Sub-Contractor ??
Rate??

Question Posted / surekha goud

Answer Posted / surekha goud

company should deduct the tds and debiting to the sub
contractor account @ 1.2 % for below 10 lakhs contract . for
this the company should issue the tds certificate ( form 16
A). to the sub contractor.

Is This Answer Correct ?    18 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Physician samples should be charged under CST @ 5% manufactured in H.P. and transferred to other states

1791

HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,

2118

How to Prepare Balance Sheet for Annual Tax Assessment. Do You Have any Format, Please send on (Pankajica15@gmail.com)

1537

What are the excise duties in our state?

2035

How to determine TDS on Salary ? what are Limit for HRA ,insurance premium , Loan installment, children education fee etc. what type of Deductions for salary. please Explain Full and complete this concept with one example which cover all aspects regarding TDS on Salary.

1536




Kindly, tell me abount the WCT of U.P. material & labour supply for installment of lift in premises at Noida (U.P.), our lift supplier giving the bill in 90% material & 10% Labour & charged the up vat of 12.5% , Can we liable for WCT deductor ?

1388

if i am running a tank lorry and the income of the tank lorry comes under haryana VAT 2003?

1007

Explain the procedure to calculate provident fund, esi, vat and sales tax.

684

DEFINATION OF INCOME TAX , WEALTH TAX , INDIRECT TAX ,DITECT TAX , AND CORPORATE TAX ?

2852

ER-5 & ER- 7 ER -4 related all information 1) What Fill The ER-5 & ER- 7 ER -4 2) What Infomation Fill In the return

1531

Please tell me the process of generation of TDS in Tally ERP-9 with an Example

2503

What are the deductions under salary head?

562

please tel me Karnataka vat,sale tax deposit from and return from

1943

is there easy guide for the latest India tax & accounting information for 2010?

1625

CAN TWO VECHILE PASS TO RAJASTAN FROM NASIK ON ON ROAD PERMIT

1622