Interested to Buy Any Domain ? << Click Here >> for more details...
we are giving the UPS monthly charges 10000/- should we deduct tds if yes then how we will calculate it
- 4 Answers
- 8921 Views
- I also Faced
- E-Mail Answers
Answer Posted / rakesh krishna.v.r
you do not have to deduct any amount from payment if there is only one payment of Rs.10000.Because as per sec 194c Payment to contractors or sub-contractors minimum amount applicable amount is 30000 (F.Y.2012-2013) percentage of deduction is 10%.
Yearly Limit u/s 194C:Also where the aggregate of the amounts paid/credited or likely to be paid/credited to Contactor or Sub-contractor exceeds Rs.75,000 during the financial year, TDS has to be deducted @10%
TDS at higher rate ie., 20% has to be made if the deductee does not provide PAN to the deductor.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
what is excise return, what is form requirement and what is procedure for excise return?
Provision entry for current Year Income Tax A/c ----Dr To Income Tax Payable A/c Adjustment entry in next Year Income tax payable---Dr To bank A/c kindly tell me which head of income tax a/c and income tax payble a/c
how to calculate deffered tax, relating to company.. pls explain with examples.. also about timing differences..
What is VAT TDS? when it is applied & at what rate?
How to make a bill of software sale with service tax?
How to calculate entry tax ??(In karnataka) Pls advice me complete computation details.
At present what is the rate of excise duty on sale of Weigh Bridge Machinery to out of state from Karnataka.
How much is the VAT in UAE
From Karnataka,while sending material out, which are all the states required Form 38?
We have paid service tax of March Bills on 30 March. we forgot to include some bills for service tax, now we can deposit the tax in april/may and how we enter the tax..in tally....
Daily announced price of Gold. this price is included vat ya without vat. pls give me solution.
IF a vendors charges WCT @8.75% what is the rate of TDs to be deducted against that? & can we take the Input of it?
in relation to pioneer industries, explain the following terms:1,production day. 2,certificate of qualify expenditure. 3,income tax relief. 4,pioneer certificate 2. list seven pioneer industries which fall under pioneer status as contained in the industrial development act 1971
Who are non resident?
what is procedure of calculation of TDS by bank?
