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Statutory auditors

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27 April 2015 tds on contracter which is company rate 1.5 % its true or falae please explain in details.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
01 May 2015 False. It will be 2%. There is no such rate as 1.5%.

Applicable Section 194C

Rate:

Individual/HUF @ 1%
Others @ 2%.

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