18 April 2012
Check out from this link http://www.simpletaxindia.net/2012/04/tds-rate-chart-fy-2012-13-tcs-rates.html Also, as per books of accounts, a company have a right to follow WDV method or SLM Method. But as per Income tax, only WDV method has to be followed. Also, depreciation on projector is 13.91% WDV Basis as per companies act and 15% as per income since it is classified under Office equipment but not under computers.
you need to calculate your Depreciation value as per both the acts i.e., the Companies Act, & the Income Tax Act.
Your Income Tax payable will be counted with Depreciation value as per Income Tax Act.
However, the difference between the two calculations is your Deferred Tax. You need to deduct this Deferred Tax amount & show the final figures in your Annual Report.
18 April 2012
Expenses/Payments other than rent: As a % on Expense amount including service tax. Eg: Bill Amount - Rs. 10,000 (194J) Service tax - Rs. 1,030 (10.3%) TDS = 11,030 * 10% = Rs. 1,103. In case of Rent: TDS = Rs. 10,000 * 10% = Rs. 1,000.