Status of organisation
This query is : Resolved
16 December 2013
Hi,
my company is deducting TDS at 2% to contractors even if the 4th letter of pan card is "P".
is this correct, do we need to deduct TDS at 1% or 2%.
Please guide me.
my company is deducting TDS at 2% to contractors even if the 4th letter of pan card is "P".
is this correct, do we need to deduct TDS at 1% or 2%.
Please guide me.
17 December 2013
it is incorrect. 1% should be applied.
Message likes :
1 times
17 December 2013
Hi Kaushik ji,
But my finance manager tell that, we have to deduct @2% for registered firm even though they are "individual person" as per PAN.
Please guide me exactly at how much % we have to deduct.
But my finance manager tell that, we have to deduct @2% for registered firm even though they are "individual person" as per PAN.
Please guide me exactly at how much % we have to deduct.
17 December 2013
no. Individual person (proprietorship) and HUF would attract only 1%.
17 December 2013
for Ind and Huf deductees the rate is only 1%
you can show them the section as refrence.
you can show them the section as refrence.
18 December 2013
You are welcome.
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
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Sales return eway bill
- Taxation on LTCG for property sold after 24JUL2024
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- LTCG for Assmt year 26-27
- Tax liability on income of freelancer
- Plot of land. Cost of Acquisition
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
