About tds section 194c & rate at which tax dedcuted
This query is : Resolved
19 November 2015
HELLO,
IN TDS RECEIVABLE RECONCILIATION STATEMENT I FOUND ONE OF THE DEDUCTOR CHARGED MY COMPANY TDS @ 10% UNDER 194C FOR SECURITY DEPOSIT RECVD. FROM THEM FOR RENTING OF OFFICE PREMISES BUT ACTUALLY TDS RATE FOR 194C IS 2% FOR COMPANY THEN WHICH SECTION SHOULD THEY APPLY FOR SECURITY DEPOSIT
IN TDS RECEIVABLE RECONCILIATION STATEMENT I FOUND ONE OF THE DEDUCTOR CHARGED MY COMPANY TDS @ 10% UNDER 194C FOR SECURITY DEPOSIT RECVD. FROM THEM FOR RENTING OF OFFICE PREMISES BUT ACTUALLY TDS RATE FOR 194C IS 2% FOR COMPANY THEN WHICH SECTION SHOULD THEY APPLY FOR SECURITY DEPOSIT
19 November 2015
TDS ON DEPOSIT NOT APPLICABLE , TDS APPLICABLE ON INTEREST U/S194A WHICH IS 10% , IF TERMS OF AGREEMENT INTEREST ON DEPOSIT IS MENTIONED.
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