What is the TDS ratio applicable on professional fees?
Answer Posted / prasad
AS per the income tax act sec 194 J proffessiona fees
and technical servises TDS is 10%,and the amount execeeds
20000 p.a
Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
What is the Formula For Return on Working Capital
hi, what type of questions are asked in capital iq interview .plz let me know. thanks... venkat...
What is finance lease
What type of question generally asked in Brokerage Firm ?
Explain about Fixed capital
Please send the clerical exam questions and answers to my mail Id pinky18.02.1985@gmail.com
Short Answer on __________Event
What is a bad credit score?
Expand---------PDCB
How can I find out my credit rating score for free?
What is Goods Lost by Fire/Accident/Theft ?
1.how can carry forward the balance of ledgers to the next financial year in tally erp 9
What is compensation theorem?
HOW MANY ACCOUNTING STANDARDS ARE PREVAILING IN INDIA AS DECLARED BY ICAI