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Tds rates in case of epc contract

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(Querist)
07 June 2016 Hi All,
Please advise which section will be applied to deduct TDS in case of payment is made towards EPC contract.
Rgds,
Ramesh
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Rupesh Jain

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Rupesh Jain (Expert)
07 June 2016 you are paying the freight to transporter the its come under 194C rate of TDs will 1% for individual and HUF and 2% for the others, if PAN not available then TDs rate @ 20%.
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Ramesh

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Ramesh (Querist)
07 June 2016 Thanks Rupesh ji. In fact, my query is on TDS applicable in case of EPC (Engineering, Procurement and Construction) contract.



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Rupesh Jain

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Rupesh Jain (Expert)
07 June 2016 its also cover under the u/s 194C for construction. And procurement of labour and for engineering u/s 194J.

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