Tax on job work
This query is : Resolved
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 ???
06 August 2013
yes u need to deduct tds u/s 194C.
for tax audit pls mention the amount of gross turnover.
for tax audit pls mention the amount of gross turnover.
06 August 2013
dear sir thank you so much...
kindly tell me limit also.
kindly tell me limit also.
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
if total bills for the years above 75,000/- then deduct TDS.
sec 194 C
Message likes :
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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.
for professional providing service it is rs 25 lakhs.
06 August 2013
dear tushar sampat
I don't think he is asking for Tax Audit limit
please check the Q again.
I don't think he is asking for Tax Audit limit
please check the Q again.
06 August 2013
thank you so much...
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