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whether TDS applicable on forklift charges?
YES
is bonus attracts tds
Yes, TDS is applicable. It is the status of foreign employee which would help to determine the correct provision of TDS. In normal course in case of foreign employees TDS is to be deduced u/s 195 read with section 194J. For more details, visit: http://www.taxmanagementindia.com
TDS Means Tax Deduction At Source .... Tax is the applicable Rate is to be deducted from the salary from the employee at the time of paying/ crediting the salary.... TDS rate is Depending on Basic amount ...
Anyone can be a member of the Ecological Society of America (ESA). The site invites the user to join by creating a simple profile. Dues and Fees are applicable to the membership.
you can get a prepaid membership card in the chapel of ontario.welcome by korn on cob2/TDS 4 da win.
billing or fees
TDS is an abbreviation in the transportation industry when freight charges are assessed. TDS means Transport Deductor Service. This means that the transporter of the freight is required to have certain credentials that meet the laws of both countries involved when shipment occurs overseas.
The TDS (Tax Deducted at Source) rate applicable on JCB hire charges is 2% as per Indian tax laws for payments made to contractors and sub-contractors. This means that when making payments for JCB hire charges, 2% should be deducted as TDS and remitted to the government.
TDS is applicable only on income by the way of labour services, rent, professional service, lottery, etc, it does not cover sale of material, as long as stationary provider is not offering any customised product, & selling as it is, it does not attract TDS, if it offers product with customised solution, it will be subjected to deduct TDS on contractor \ subcontractor basis.
TDS applicability on SEZ (Special Economic Zone) parties can be a bit complex. General Rule: For domestic transactions, TDS is applicable on payments made to residents. However, SEZs are treated as foreign territories for tax purposes, which affects TDS applicability. TDS on Payments to SEZ Units or Developers: According to the Income-tax Act, 1961, TDS is applicable on payments made to SEZ units or developers, but only if the payment is for a specific service or goods. For instance, if an SEZ unit pays for rent, maintenance charges, or electricity, TDS might be applicable under sections like 194I. Import of Goods: If goods are imported from an SEZ, TDS is not required to be deducted, as imports are exempt. Section 194Q and SEZ: Section 194Q deals with TDS on purchase of goods exceeding ₹50 lakhs. However, its applicability on SEZ transactions is unclear. It's recommended to consult a tax expert or refer to specific tax advisories for guidance . To ensure compliance with TDS regulations, it's essential to consult with a tax professional or refer to the latest tax advisories and circulars