Interested to Buy Any Domain ? << Click Here >> for more details...
Labour charges paid to labour party on tds rate ?
May be deductable ?
Example
Iron purchase 16.500 mt. Per ton broking charges 200.00
- 1 Answers
- 2799 Views
- I also Faced
- E-Mail Answers
Answer Posted / raghuvstar@gmail.com
Labour Charges falls under 194C
As per 194C limit is the 75000 per annum,30000 per single transaction.
Rate of deduction is 1% for Individual&HUF,
2% for other than Individual&HUF (Company,Trust,Partnership)
As per your query TDS limit is not exceeding hence TDS deduction not required.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Please give me as example of service tax & Vat Posting through Tally.
How Advances to suppliers for purchase of raw materials is to be considered while calculating Drawing Power
what are your current financial and accounting projects? What is your role?
how to account branches in tally
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
what accounts payable applications are your familiar with?
explain the relevance of closing stock account in trading a/c when preparing the gross profit?
SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT
What can be done incase of excess payment of TDS Remittence than the actual amount? Is there any adjustment towards the excess amount with the upcoming TDS payment? Reference of last quarter challan should be shown while adjusting in next quarter?
what is the difference b/w gain and profit?
Define dual aspect term in accounting?
sir i want know how to fill vat return
What is mean by working capital?
What is the fictitious assets?
Is there Disqualification of Auditor u/s 139 of Companies Act 2013 if the auditor is indebted towards the company to be appointed as an auditor, if amount exceeds more than Rs.1000 as against the provision related to Companies Act, 1956 ?
