t.d.s.on contractor
This query is : Resolved
04 December 2010
Dear All,
I have got a machinery repaired from a proprietorship firm. Will TDS under section 194-C be applicable over his service or not?
Thanks & Regards
Dear All,
I have got a machinery repaired from a proprietorship firm. Will TDS under section 194-C be applicable over his service or not?
Thanks & Regards
04 December 2010
yes TDS u/s 194C if payee is Individual & HUF @1 %
05 December 2010
Yes. tds will be deducted u/s 194c.
05 December 2010
it is fall under the head contract and TDS shall be applicable @ 2 %
06 December 2010
DEAR VIVEKJI,
PLEASE CHECK THE RATES BEFORE REPLYING. THE RATE OF TDS U/S 194C IS 1% FOR PROPRIETORSHIP FIRMS AND NOT 2% AS YOU HAVE MENTIONED.
REGARDS.
PLEASE CHECK THE RATES BEFORE REPLYING. THE RATE OF TDS U/S 194C IS 1% FOR PROPRIETORSHIP FIRMS AND NOT 2% AS YOU HAVE MENTIONED.
REGARDS.
06 December 2010
Thank you MR Sanat,
There are two rate which is applicable specially with respect to Contract...
Individual and HUF 1 %
Otheres 2 %
And the above case will cover under Individual category since the concern is proprietory concern and hence TDS rate applicable shall be 1 %
There are two rate which is applicable specially with respect to Contract...
Individual and HUF 1 %
Otheres 2 %
And the above case will cover under Individual category since the concern is proprietory concern and hence TDS rate applicable shall be 1 %
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