Payment to Consultant U/S 194 - C
This query is : Resolved
Kashyap Vyas
(Querist)
23 May 2009
I have customer a Pvt Ltd Company making payments regularly on a contract basis for maintaining,servicing various software and hardwares to individual consultants.All individuals are being paid around Rs 5,00,000/- to 6,00,000/- every year.
Can the company deduct TDS at 2.00 % plus surcharge total 2.06 %
We have just oral contract nothing is reduced into writing.
With regards
Kashyap Vyas
Can the company deduct TDS at 2.00 % plus surcharge total 2.06 %
We have just oral contract nothing is reduced into writing.
With regards
Kashyap Vyas
jaiprakash Falor
(Expert)
23 May 2009
Whether it is oral or written contract if it is a contracts then TDS is required to be deducted.
Jiwan singh
(Expert)
25 May 2009
You will deduct only tds @ 2% not surchage,if contact amt.will be > 1000000 that surchase to be deducted.
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