What is the rate of Tds under section 194c if payment is made to propertiory firm and tan number of person as an individual.
Form No.16 A issued as individual to that person.
CMA RAVI
(ASSISTANT MANGER - FINANCE)
(478 Points)
Replied 28 December 2012
| Originally posted by : Karan Gupta | ||
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What is the rate of Tds under section 194c if payment is made to propertiory firm and tan number of person as an individual. Form No.16 A issued as individual to that person. |
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propiertorship - 1%
partnership - 2 %
unregistered - 2%
non furnishing of pan attracts tds @ 20% u/s 206AA
Anand
(CA - Assistant General Manager - Taxation)
(1606 Points)
Replied 28 December 2012
Rate of TDS u/s 194C for payment to an individual holding valid PAN is 1%
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