Interested to Buy Any Domain ? << Click Here >> for more details...
Can TDS be deducted without the minimum exemption. for rent
if annual rent is 1,50,000 then calculate TDS.
- 4 Answers
- 10340 Views
- I also Faced
- E-Mail Answers
Answer Posted / altaf hussain
If the rent is exceeds 1,20,000/- TDS will be deducted on
entire amount i.e.1,50,000/-
Company :
if the amount <1 Crore
Tax : 20%
Education Cess : 2%
Secondery Higher Education Cess : 1%
if the amount >1 Crore
Tax : 20%
surcharge : 10%
Education Cess : 2%
Secondery Higher Education Cess : 1%
Firm :
if the amount <1 Crore
Tax : 15%
Education Cess : 2%
Secondery Higher Education Cess : 1%
if the amount >1 Crore
Tax : 15%
surcharge : 10%
Education Cess : 2%
Secondery Higher Education Cess : 1%
| Is This Answer Correct ? | 16 Yes | 0 No |
Post New Answer View All Answers
i have recently joined a bank as probationary officer.i ant to know hich of the two options bellow will be benefitial:- 1.receiving HRA or 2.receiving lease rent from the bank.
Can we take rebate on Exports done before 6 years ? If no, why ? What can be done ?
I have working with Rs.180000/- I want fill up itr 1st time What is process.
what is the difference between captive consumption and cenvat in tally erp9 and when we have to use it
what is service tax? how its count? and why its count?
professional tax rate
Ganesh & Gopal joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Ganesh 90000 Withdrawals of Gopal 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.
What is form c & d in sales tax?
we are a manufacturer unit can we purchases of building material agst form "C" or vat C4?
how we can access the Tax Deduction through PAN ?.
How to make fdr entry in tally software i dont understand. when fdr open from bank and after work and interest it get closed. i want to understand how to make ledger of that and full details please help me
explain the special provisions for computing profit and gains of retail business
how much TDS required in telecommunication services ? Any types of Telecommunication, provider or services receiver
what is the difference b/w deferred tax exp and defeered tax liab? should Deffered Tax expense be deducted b4 computing Net profit?
Can it be prssible, If any person purchase Reliance life insurance policy with nepal residence address profe. If yes then who can deposit nepal curancy in indian branch.
