Interested to Buy Any Domain ? << Click Here >> for more details...
i forgot to deduct tds in Contractor non corporate in july 15 so what should i do now?
Please Suggest.
- 3 Answers
- 3828 Views
- Mahindra Holidays and Resorts India MHRIL, I also Faced
- E-Mail Answers
Answer Posted / raghu.v
With Example ,
case - 1
Transaction/Payment/Bill made to Vendor in the month of Sept 2015 Rs.80,000/-,at the time of payment
We suppose to deduct TDS 1%(if individiul/HUF) Rs.800 and make the payment to vendor Rs.79,200/-,and do TDS remit in next following month Oct 2015 with 7th Rs.800,if you failed to pay 1.5% interest have pay per month.
case - 2
Transaction/Payment/Bill made to Vendor in the month of Sept 2015 Rs.80,000/-,at the time of payment
We suppose to deduct TDS 1%(if individiul/HUF) Rs.800 ,but not deducted we have paid Rs.80,000 istead of 79,200,and in this case we have to pay from our hand Rs.800,and adjust the same from vendor in next bill
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
If the the material sent for job work in outside state for job work ,what should be service tax chargeable or not if material receipt after job work done to job worker kindly suggestion
which form no's wiil be used for filing IT,ADVANCE TAX, TDS,VAT,CST,ST,PT,EXICE DUTY,ESI,PF?What is the Due Dates? very urgent
is there any specific percentage related to lower tax deduction under tds
what is reverse credit & how it is calculated in vat law in west bengal?
what is the entry tax explain briefly?
What is process CST & Custom Duty Handle in tally Erp 9, with example.
Q.No.1) I paid Salary to our staff after deduction TDS. what is the journal entry pass at that time of payment of salary only, and then at the time of payment of tds. and the last date for payment of TDS Q.No.2) Suppose I paid Salary In advance due to that officer is take business tour at the end of the month in after deducting TDS. Now What is the journal entry Salary Advance & Payment of TDS. and when i will pay TDS for This Situation. Kindly Help me
What are the treatment & implications if party doesn't provide C Form in interstate sales transactions & also same if provide C Form.
hi which form issue again ogs purches & sales ? which is the tax rat we issue c form?it's cst3% is avelabe to issue the c-form?
HOW THE INTEREST WILL BE CALCULATED IF WE MAKE INCOME TAX RETURNS LATE AND WHAT IS MEANT BY YEAR END?
I have a plot at Visakhapatnam. I have entered into a contract with a builder which enables him to construct 10 flats on the plot and builder and myself will share 50:50 of the constructed area. i.e. builder will get 5 and i will get 5 flats. Builder is not paying me any other consideration apart from 5 flats. Kindly clarify as to whether any servive tax is applicable and payable by me ?- kgr varma
if i the vendor is providing us some printing material & they issue a bill of printing with including Vat so what can i deduct TDS ?
If a person purchased goods by paying vat but while selling no vat has been collected and if he is registering his firm under vat need to pay vat after registration?
How is income tax calculated?
what is CST % applicable on garments sales to other state?
