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Under Section 194M if the payments to resident contractors and professionals exceed INR 50,00,000 during the Financial Year, the payer has to deduct tax at the rate of 5% from the sum payable to a resident payee. payer has to issue TDS Certificates within two months of the next financial year. There are two types of major forms under TDS namely:
The TDS rate for insurance commission, life insurance policy payments, rent payments, and commission or brokerage payments is proposed to be decreased from 5% to 2%. The TDS rate on payments made by e-commerce operators to e-commerce participants for the sale of goods or services is set to be reduced from 1% to 0.1%.
Contractor rating systems, also known as contractor prequalifications, are one of the larger cost-saving practices available and more routinely applied by governmental organizations as a means of avoiding the high cost and inflated pricing that results from reduced competition on public work by using bonding and surety to guarantee performance of public work.
I say don’t pay the contractor then they write a story, Trump doesn’t pay his bills, he’s a bad guy.” Online viewers were stunned though the audience in attendance cheered (FOX/YouTube)
Tax deducted at source (TDS) is applicable on recurring deposits in India. If the interest earned on recurring deposits exceeds Rs. 40,000 a year, TDS at the rate of 10% would be deducted by the bank. Income tax is to be paid on interest earned from a Recurring Deposit at the rate of tax slab of the Recurring Deposit holder. Investors with no ...
Rutgers RB Kyle Monangai has 256 carries for 1,279 yards and 13 TDs this season. K-State RB DJ Giddens is explosive with 1,343 yards on just 205 carries, while Avery Johnson has rushed for 548 yards.
The average contract rate on a 30-year fixed-rate mortgage rose 21 basis points in the week ended Oct. 25, the Mortgage Bankers Association said on Wednesday. The main home-loan rate is now 60 ...
A construction contract is a mutual or legally binding agreement between two parties based on policies and conditions recorded in document form. The two parties involved are one or more property owners and one or more contractors.