Tax on job work

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Gurwinder Singh (Querist)
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06 August 2013 im working in a food industry, we send raw material ( haldi & red chilly ) for grinding & receive job work bill.. kindly tell me is there any tax limit agst job work done in a financial year??? & type & rate of tax applicable ???

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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06 August 2013 yes u need to deduct tds u/s 194C.

for tax audit pls mention the amount of gross turnover.

Gurwinder Singh

Gurwinder Singh (Querist)
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06 August 2013 dear sir thank you so much...
kindly tell me limit also.

CA Prashant Gupta

CA Prashant Gupta (Expert)
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06 August 2013 if one bill is above 30000/- then deduct TDS. else
if total bills for the years above 75,000/- then deduct TDS.
sec 194 C

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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06 August 2013 the limit for tax audit is for business- Rs 1 crore u/s 44AB.
for professional providing service it is rs 25 lakhs.

CA Prashant Gupta

CA Prashant Gupta (Expert)
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06 August 2013 dear tushar sampat
I don't think he is asking for Tax Audit limit
please check the Q again.

Gurwinder Singh

Gurwinder Singh (Querist)
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06 August 2013 thank you so much...

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