regarding TDS
This query is : Resolved
06 September 2009
At what rate TDS will be applicable u/s 194 C w.e.f. 1st of October 2009
06 September 2009
A) In case of all contractors (except goods transport contractors)
i) Payee = Individual or HUF = TDS = 1%
ii) Payee = Firm or domestic company = TDS = 2%
B)Goods transport contractors = Nil
Note: With effect from 01/04/10, if PAN is not furnished by the deductee or if the PAN furnished is incorrect or invalid, tax will have to be deducted @ 20%.
i) Payee = Individual or HUF = TDS = 1%
ii) Payee = Firm or domestic company = TDS = 2%
B)Goods transport contractors = Nil
Note: With effect from 01/04/10, if PAN is not furnished by the deductee or if the PAN furnished is incorrect or invalid, tax will have to be deducted @ 20%.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- ITDS U/S.194T of Firm
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Cash balance limit and property purchases limit
- Journal entry of busniess expenses
- GST Rate for Catering Services
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
