what is the threshold limit on contract for financial year
2008-09

Answer Posted / bhupinder singh

threshold limit on contract for the FY 2008-09 is Rs. 20000
for a one time payment & Rs. 50000 for more payments

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

interest paid to bank rs. 15000 in connection with overdraft obtained for paying dividend.

3944


What do you understand by dissolution of firm?

641


send me all current year taxation such that rates and exemptions or on which web site i have to prefer

1497


how to finalaze the balence process using tally

1937


i want about TDS full details with Limit,Rate and Entry in Tally ?

1898






What is the difference between excise & service tax?

604


'A' is running a manufacturing set up. 'B' sends raw material (after paying CST) to 'A' for manufacutre of his specified product and 'A' keeps 'B's stock in his godown. Can 'A' buy this material from 'B' by raising a CREDIT MEMO and in the books regularises by passing Journal Entry Dr.Raw material inventory and Cr. 'B's Account.

1912


what is works contract tax? if a contractor made a bill as repairs to machinary 00000000/- service tax 12.36% on 40% on basic value Vat 5% on 60% of the basic value of the bill amount how can i deduct works contract tax? please suggest me?

1726


what diff. between Account ,Commerce and Finance?

1873


the TDS rates and Income rates are equal in calculation of the salary and please send the IT slab rates for the employees and comapnies.

1642


what is the prime cost? and factory cost how to calculate it?

1620


I DED TDS ON SALARY AND CONTRACTOR WHERE I DEPOSITED THIS AMOUNT WHICH PROCESS I FLOW TO FULL FILL ALL THE MANDATORY

1528


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.

1604


What are the basic and additional conditions for resident and ordinarily resident (ror)?

803


i paid tds through my bank account but i entered the assessment year as 2010-11(the current year) instead of 2011-12(actual assessment year). what is the remedy for this. how do i get refund for the wrongly paid sum. or is there any way to currect the assessment year?

1726