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 %
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
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Copyright software
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
