What is minium bill of TDS Deduction
Example
If Contractor give us 1st Bill - 10000/-
2nd Bill - 15000/-
3rd Bill - 7000/-
Answer Posted / s.p. yadav
TDS applicable on Minimum Bill amount 20000/ P.A
1 10000/ TDs Not applicable
2. 15000/ TDS applicable (15000+10000) 2%+3% E.Cess
for Main Contractor
3. 7000 on 2% + 3% Education Cess.
Note- in case 1 (10000/-) applicable if a contractor bill
rs. more than 20000/- in a year
For sub contracot & advertising com. 1% + 3 % edu. cess
| Is This Answer Correct ? | 24 Yes | 12 No |
Post New Answer View All Answers
Daily announced price of Gold. this price is included vat ya without vat. pls give me solution.
what is excise return, what is form requirement and what is procedure for excise return?
WHAT IS THE PENALTY CHARGE BY THE SALES TAX DEPARTMENT IF WE ARE ENABLE TO FILE SALES TAX RETURN AFTER ONE MONTH FROM END OF THE IVQ-2012-13.
how to calculate vat, st, cst, excise duty, customs duty, tds.
if a person is investing rs.100 per month for 11 months of a year,how much ammount of annuity he will be paid at the end of year?
can TDS be deducted(in Jharkhand) from the bill of a supplier who supplies goods from Delhi to Jharkhand taxable @12.5% under jharkhand VAT ACT?Whether Entry tax is also deductible in this case
how to adjustent the accounts part of the company and how to calculate vat and gst .kindly answer me sir. my e-mail id is:- dipak92.dip@gmail.com
What is the current vat amount of aluminium goods like dishes, buckets etc hsn code is 7615-19
I run a small consultancy firm (partnership with my mother) from my residence address. My firm is not registered, but I do have a separate PAN for it. I do not have any salaried employees. I get work done by freelancers and vendors and pay them against invoice. My annual revenues are just about Rs 5-6 lakhs. I am aware that I would need to register for service tax once I touch Rs 9 lakhs. But I am confused about my obligation to get a TAN and deduct TDS for all vendor/freelancer payments. Are there any minimum thresholds for withholding TDS? Right now I pay 100% of invoice amounts. Please advise.
define double entry bookkeeping
accounting taxation
What is the SEZ formalties in cement Industry?
for applying way bill for to send the materials from one state to onother state for a part load ( not full exclussive truck load)through transporter,dose it required vehical registration number or only transporter details can do.(as for part load , transporter unable to inform the vehical number in advance).kindly advise.
When & how vat audit takes Place in haryana. Is Scrutiny & vat audit is same?
Pls give a details knowledge of Income Tax (including TDS, TCS)duty paid online form no., due date, return form no. and due date, limit of turnover for auditing, procedure of auditing and income tax depreciation, etc.