Easy Office
LCI Learning

Tax on job work

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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 ???
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
06 August 2013 yes u need to deduct tds u/s 194C.

for tax audit pls mention the amount of gross turnover.
Profile Image

Gurwinder Singh

Profile Image

Gurwinder Singh (Querist)
06 August 2013 dear sir thank you so much...
kindly tell me limit also.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CA Prashant Gupta

Profile Image

CA Prashant Gupta (Expert)
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
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
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.
Profile Image

CA Prashant Gupta

Profile Image

CA Prashant Gupta (Expert)
06 August 2013 dear tushar sampat
I don't think he is asking for Tax Audit limit
please check the Q again.
Profile Image

Gurwinder Singh

Profile Image

Gurwinder Singh (Querist)
06 August 2013 thank you so much...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links