There are five heads of income to compute the gross total income, namely: 1.Income from salaries 2. Income from house property 3.Profits and gains of business or profession 4.Income from capital gains 5. Income from other sources
There are five heads of income to compute the gross total income, namely:
1.Income from salaries
2. Income from house property
3.Profits and gains of business or profession
4.Income from capital gains
5. Income from other sources
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Yes, TDS is applicable on transportation Exp. Subject to following Single payment to single transporter exceeds Rs. 30000/- or Multiple payments to single transporter exceeds Rs. 100000/- Rate of TDS is 1% and 2% if paid to partnership firm or companies There is exemptions from TDS ifRead more
Yes, TDS is applicable on transportation Exp. Subject to following
Single payment to single transporter exceeds Rs. 30000/- or Multiple payments to single transporter exceeds Rs. 100000/-
Rate of TDS is 1% and 2% if paid to partnership firm or companies
There is exemptions from TDS if deductee provides you declaration U/s 194(6) for non deduction
But in both above cases (whether TDS deducted or declaration received) you must file your TDS return..
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