Regarding tds u/s 194 c for payment made to sub contractors
This query is : Resolved
23 September 2016
pls can anyone clarify my doubt's regarding payment made for repairs and maintenance to sub contractor of Rs 40000 for single transaction who is proprietor or partnership firm.
for eg XYZ pvt ltd co makes payment to sub contractor for repairs and maintenance services provided by sub contractor . I am confused regarding rates.
whether 1% or 2% which one is applicable in these case.
23 September 2016
In the case of 194C payment made to other than individual /HUF contractor is 2% when exceeds the payment above Rs30000/-.so proprietary concern it us 1% and for partnerships it us 2%
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