Payment to Consultant U/S 194 - C

This query is : Resolved

Kashyap Vyas (Querist)
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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

jaiprakash Falor

jaiprakash Falor (Expert)
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23 May 2009 Whether it is oral or written contract if it is a contracts then TDS is required to be deducted.

Jiwan singh

Jiwan singh (Expert)
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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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