Matter of income tax
This query is : Resolved
Guest
Guest
(Querist)
05 October 2011
good evening expert,
how r u sir ,
i want your help about TDS on refilling chgs for fire extinguisher.we rec. a bill of fire extinguisher amt, is 15850. than sir can u plz tell me that in which section i will deduct tds from his amt.
how r u sir ,
i want your help about TDS on refilling chgs for fire extinguisher.we rec. a bill of fire extinguisher amt, is 15850. than sir can u plz tell me that in which section i will deduct tds from his amt.
05 October 2011
If refilling charges in a year exceeds Rs 75000/- or single payment exceeds Rs 30000/- u have to deduct TDS @1% or 2% as the case may be.
It is covered by section 194C of Income TAx Act.
If Deductee is Individual or HUF 1%
Other than that 2%
It is covered by section 194C of Income TAx Act.
If Deductee is Individual or HUF 1%
Other than that 2%
Guest
Guest
(Querist)
05 October 2011
THANK YOU SIR
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