Is TDS applicable on Security contract ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 February 2011
Sir,
if assesee enters into a contract with a security agency for providing security guards at assessee's premises, will TDS apply on such transaction ? at what rate ? under which section ?
if assesee enters into a contract with a security agency for providing security guards at assessee's premises, will TDS apply on such transaction ? at what rate ? under which section ?
05 February 2011
TDS is applicable Under Section 194C.
It depends upon the status of the Security Agency.
In case it is run by an Individual or HUF
TDS rate is 1% .
In other cases @ 2%.
It depends upon the status of the Security Agency.
In case it is run by an Individual or HUF
TDS rate is 1% .
In other cases @ 2%.
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05 February 2011
Yes it is applicable under section 194C @ 1% if the payee is non corporate assessee and if corporate assessee then 2%
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