Interested to Buy Any Domain ? << Click Here >> for more details...
what is withholding tax? when we use withholding tax?
what are the procedure in steps for calculating tds plz
tell me about all........
- 12 Answers
- 104354 Views
- IBM, Patni, TCS, I also Faced
- E-Mail Answers
Answer Posted / jagannadharao
when a payer paying some amount (rent,salaries,interest,
professional charges etc) he withheld some amount and pays
the remaining amount. and payer remits the withheld amount
to the income tax authorities on behalf of the payee. this
facilitates the proper collection of the tax.
caluculation of the tds depends on the nature of payment.
rates are prescribed by the finance act.
for example if a payer pays more than Rs10000 rent he
should deduct 2.02% of the amount.
if it is professional fee it is 10.30%.
( these rates will from country to country)
Note: Rates applicable in india are found in IncomeTax
Ready Reckoner)
| Is This Answer Correct ? | 50 Yes | 22 No |
Post New Answer View All Answers
What is a company in sap ?
What are recurring entries and why are they used?
How do you calculate accrued costs? : co- cost center accounting
What happens when the revaluation is done in actual costing run for the previous period?
Explain the customer master record and list various segments in them.
what is the configuration steps of letter of credit?
Steps to config IT Depreciation
Why doesn't the system allow you to change the tax category in a gl account master? : fi- general ledger accounting
how can I bank payment (standard/partial/residual) against purchasing document and WBS Element. how data will be flow in fbl3n
How do you define a co-product in sap?
Can you selectively open and close accounts?
Explain open sql vs native sql?
Explain the vendor master record and list various segments in them.
Our company has 2 divisions: Food Service & Food Beverage Units Now we have a problem... The customer no. 500 , is shared between our Food Service and Food & Beverage units. T we do not have a customer hierarchy for the following combination: sales org. 1000 dist. channel 10 ( for food service) division 00. We cannot set this up because we have the customer hierarchy already created for sales org.1000, dist. channel 11 ( for food and beverage) division 00 Is there anyway that we can set up the customer hierarchy for food service units? Please let me know
Describe how the implementation of a cost center structure could (or won't) lead to decreasing indirect costs? And can you think of any other ways to control indirect costs?
