194c

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Vivek

Vivek (Querist)
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20 July 2013 Dear Sir,
If deductee is a pvt. ltd., tds should be deducted at 2% or at 10% u/s 194c?

Ashish Kukreja

Ashish Kukreja (Expert)
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20 July 2013 Tds should be deducted @ 2% where deductee is a person other than individual or HUF.

Ganeshbabu K

Ganeshbabu K (Expert)
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20 July 2013 TDS 2% applicable for 194C if payee is company,partnership

for the rest it can be 1%

10% is in case of 194I,194J

refer below chart for reference

http://asa-india.com/TDS%20Rate%20Chart%20AY%202014-15.pdf

Thanks & regards
Ganesh babu k

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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20 July 2013 Section 194C:

Rate of TDS:

Individual/HUF @1%
Others @2%
If PAN not provided @20%

Threshold Limit:

Single Bill Rs 30000/-
Annual Total Rs 75000/-

TDS required to be deducted when threshold limit is crossed.