Rate of deduction


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Querist : Anonymous (Querist)
06 July 2012 If Pvt Ltd Co.is making payment to contractor (including Ind/HUF/CO) then at what rate it should deduct TDS while making payment??
Its Urgent........

06 July 2012 TDS will be deducted @ 1% u/s 194C since payment is made to an individual or HUF.

06 July 2012 Rate of TDS:

Individual/HUF 1%
Others 2%
No PAN 20%
Transport Contract and PAN provided 0%


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