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Payment to security agencies for poviding security guards will be subject to TDS u/s.
194C or 194J ?
Total thanks : 1 times
It will be covered u/s 194C only as it is contractual in nature and it is concerned with supply of manpower.
Contract for carrying out any work includes service contract. Provision of security service is a service contract and covered under 194C.
Yes it is taxable u/s 194 C
what is the rate for the above case
Security service is covered under 194C and te applicable rate is 2.06% for firms / companies where total payment is upto Rs.1crore and 2.266% where total payment exceeds Rs.1 crore
Ya,it's covered under 194C and the applicable rate is 2.06% (2%TDS+2%EC+1%S&HEC)where total payment is upto Rs.1crore and 2.266% (2%TDS+10%surcharge + 2%EC+1%S&HEC) where total payment exceeds Rs.1 crore.
Current rate is 1% for prop. huf.....2% for others
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