194c
This query is : Resolved
20 July 2013
Dear Sir,
If deductee is a pvt. ltd., tds should be deducted at 2% or at 10% u/s 194c?
If deductee is a pvt. ltd., tds should be deducted at 2% or at 10% u/s 194c?
Ashish Kukreja
(Expert)
20 July 2013
Tds should be deducted @ 2% where deductee is a person other than individual or HUF.
Ganeshbabu K
(Expert)
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
https://asa-india.com/TDS%20Rate%20Chart%20AY%202014-15.pdf
Thanks & regards
Ganesh babu k
for the rest it can be 1%
10% is in case of 194I,194J
refer below chart for reference
https://asa-india.com/TDS%20Rate%20Chart%20AY%202014-15.pdf
Thanks & regards
Ganesh babu k
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.
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.
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