Tax deducted at source
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 July 2012
SIR,
MY CLIENT IS DOING BUSINESS OF JEWELLERY SHOW ROOM (PARTNERSHIP) HAVING TURNOVER OF RS.2.00 CRORES. MY CLIENT IS GETTING JEWELLERY ORNMENT BY GIVING PURE GOLD TO KARIGAR. AND KARIGAR IS GIVING MAKING CHARGES BILL FOR MAKING ORNMENTS. PLEASE KINDLY SPECIFY UNDER WHAT SECTION TO TDS IS TO BE DEDUCTED TO KARIGAR AND PERCENTAGE OF TDS.
THANKING YOU SIR,
SRINIVAS
MY CLIENT IS DOING BUSINESS OF JEWELLERY SHOW ROOM (PARTNERSHIP) HAVING TURNOVER OF RS.2.00 CRORES. MY CLIENT IS GETTING JEWELLERY ORNMENT BY GIVING PURE GOLD TO KARIGAR. AND KARIGAR IS GIVING MAKING CHARGES BILL FOR MAKING ORNMENTS. PLEASE KINDLY SPECIFY UNDER WHAT SECTION TO TDS IS TO BE DEDUCTED TO KARIGAR AND PERCENTAGE OF TDS.
THANKING YOU SIR,
SRINIVAS
Guest
Guest
(Expert)
16 July 2012
In this case tax is to be deducted u/s 194 C - payment to contractors. Also tax is to be deducted if the following condition is satisfied:
1. Invoice/ payment exceeding Rs. 30000/-
2. Total payment to a payee in a year more than Rs. 75000/-
1. Invoice/ payment exceeding Rs. 30000/-
2. Total payment to a payee in a year more than Rs. 75000/-
Message likes :
1 times
16 July 2012
agree with CA Ketan Kumar
16 July 2012
AGREE WITH MR. KUMAR
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Internship/Academic shown in Salary Pay Slip of a Doctor
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Rent lease agreement
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
