in the case where DG Sets are taken on hire at what % the TDS should be deducted? is it 10% or 2% in the case of non companies deductee?
Menu
Query of TDS
Replies (10)
TDS U/S 194I RENT OF PLANT, MACHINERY & EQUIPMENTS @ 2% for company/non company exemption limit of Rs.1.80lacs p.a. w.e.f.01.07.2010
| Originally posted by : G.SARAVANA KANNAN | ||
 |
TDS U/S 194I RENT OF PLANT, MACHINERY & EQUIPMENTS @ 2% for company/non company exemption limit of Rs.1.80lacs p.a. w.e.f.01.07.2010 |
 |
right
agree with above
Tax to be deductes @ 2%
TDS query :
Employer deducts my TDS on salary and deposit but return not file and/ or file wrongly. My 26AS form shown less TDS amount. I received notice from Income Tax Department. I have form 16 issued by company.
What should I do?
Told your company to revised tds return.
| Originally posted by : Pradee | ||
TDS query : Employer deducts my TDS on salary and deposit but return not file and/ or file wrongly. My 26AS form shown less TDS amount. I received notice from Income Tax Department. I have form 16 issued by company. What should I do? |
|
|
Your r not at fault,no need to worry just draft the letter to ito and enclose the form 16 that co.deducted tds on your salary.After that co.will hve to face problem for not filing tds return...
Intimate your company-employer about that. Company would revise its return otherwise ITO will unnecessary harash you....
TDS should be deducted @ 2% if hired after 1.10.2009 with exemption limit of Rs.1,20,000
TDS should be deducted @ 2% if hired after 1.07.2010 with exemption limit of Rs.1,80000
Recent Threads
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
Related Threads
CAclubindia
