Interested to Buy Any Domain ? << Click Here >> for more details...
I'm a Taiwaness, and my boss have investment in india. I
have a question about TDS. If I rent a one day car that
doesn't sign any contract or agreement, should I pay the
TDS or should I dedcut TDS from payment of this
expenditure.
- 2 Answers
- 4788 Views
- I also Faced
- E-Mail Answers
Answer Posted / sumancwa
Provisions of 194C are applicable to all types of Contracts for carrying out any work, Such as Transport contracats, service contracts, labour contracts, material contracts as well as works contracts etc..
Where the payment made under the contract is likely to exceed Rs.20,000/- for entire period of Financial Year, Tax should be deducted at source. Where initial contract price is Less then Rs.20,000/-, But later on the payment exceeds that amount, deduction should be made in respect of earlier payments as well.
In this case, You are doing Vehicle Hiring Business, means Transport Contract. Eventhough you dint sing on any agreement.You must follow TDS Rules.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What is turnover limit for Auditing of Service Tax, VAT, Income Tax, Provident Fund, P. Tax and WCT? Please mail me at gautam_ch2 @ rediffmail.com or call me at 09831707812.
HOW CALCULATE PARTERNERSHIP FIRM INCOME TAX ON NET PROFIT.
if i have a educational loan on my name, can i show for tax exemption on current year income tax? Is it applicable for tax exemption (educational loan)
Hi Kindly provide the current slab for profession tax in karnataka and due date for remittance the profession tax
WHEN I AM DOING 1ST TIME VAT RETURN E-FILLING, WHAT IS PROCESS FOLLOW HOW GET E-RETURN FILLING PERMISSION HOW APPLY FOR GET THE USER I.D & PASSWORD FOR E-RETURN FILLING IF ELSE, PLEASE GIVE ME THE RIGHT ANSWER ON MY E-MAIL ADDRESS ON sonidilip87@yahoo.com
How is income tax calculated?
Rules for filling Income Tax return for a MNC?
If we want to do online PT registration it starts from 2007-08. But our firm started 2005-06. What is the procedure? Manually we have to submit the documents. Can any one let me know.
HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,
How can deduct tds from auction cases (timber)
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
we are Rising contractors(Propritorship concern) and register with "mining of minerals" service. we rise the bills to mine owner (we do not add the service tax in bills) monthly. can we eligable for paid to service tax.
what is the rule of TDS Deduction for Pvt Ltd Company ??? And What rule of not TDS Deduct for PVT LTD company ???
CASH SALE OF Rs. 10000/- WITH TAX. THEN WHAT SHOULD BE THE ENTRY BEHIND THIS IN BOTH SIDE SALES AND TAXATION.
What is the difference between fund flow vs. Cash flow?
