subscription charges paid to foreign firm, whether TDS is
applicable or not? Because amount is huge
Answer Posted / h.r. sreepada bhagi
Refer Section 195 of the Income Tax Act, 1961 (India). Bank
may require Chartered Accountants Certificate for remittance
& hence take from your Statutory Auditor or any Chartered
Accountant familiar with it.
| Is This Answer Correct ? | 2 Yes | 6 No |
Post New Answer View All Answers
Our firm is 7 years old. We don't have PT registration for partners as well as employee. If we do it now, will it be a problem or how much penalty will come. Any one can give suggestion.
IS THERE IS ANY EXUMTION FOR THE NEW CONCER TO NOT THE DEDUCT TDS IN THE 1st YEAR OF ITS INCORPORATION IF THE TURNVOER EXEED THE SPECIFIED LIMIT IN THE 1st YEAR.
How to calculate long term capital gain
If we issue a new sale invoice after issuing a Credit Note to the coustomer, for the previously issued sale invoice on which Central Sales Tax @2% was Paid previously,whether we will be liable to pay for charging the sales tax on new invoice and pay to the sales tax department.
service tax
what is highseas purchase and sales? how is custom duty calculated? what are the criteria for a person dealing in shares comes under tax audit? whether all equity oriented fund are eligble for stt?
What is the Rate of Service tax for Short term accommodation services & Restaurant Services ?
Suppose that a sub-contractor total work done for Rs.100 & he charged 10.3% service tax.Then total gross value will RS.110.30.On what amt you will (that means on total work done or total gross value)charged Retention@10%,WCT@3% & TDS@2%.
What do u mean by sales tax and who are sales tax practitioner ?
Pl give the abstract details of Karnataka VAT Payment procedure, rebating, returns filing in connection of manufacture, distributer & retailer.
Define Amortization & Impairment?
if i paid interest on tds for ex:- tds deducted on rent for the month of april, may, june rs. 20000 each for month and tds paid on 7th july then i have to pay interest @ 1.5% for rs. 1200 , 900 , 600 respectively , so i wanted to know what is the entry for rising of this interest in accounting software other than tally
Should WCT deduct on Invoice where VAT charged but service tax not charged as service tax is not applicable to concern vendor (vendor gross income under 10Lacs)?
If we use google licence in our office for one year.Google raised invoice annualy. so that on which section tds will be deducted.
Who is to paid income tax and what is the procedure of filling income tax return?