Tda percentage

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 September 2014 Dear Sir ,

What is the % of TDS when He provides Services Under Proprietor on monthly basis for Security .

Monthly Billing Gross Amount including Service Tax 3.09% Rs.80,000.00.

Kindly Explain ......

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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05 September 2014 It is 1% u/s 194C. .................

Querist : Anonymous

Querist : Anonymous (Querist)

05 September 2014 Dear Sir ,

As our Auditor gives the TDS Certificate for 2013-14 as per his Calculation Deduction is 2% on Gross Billing Amount .

Kindly Explain.....

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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05 September 2014 TDS to be deducted at following rates:
Individual / HUF@1 %
Others @2 %
No PAN@20 %

Querist : Anonymous

Querist : Anonymous (Querist)

05 September 2014 Dear Sir ,

Thanks for Info. kindly guide me for .....

As our Auditor gives the TDS Certificate for 2013-14 as per his Calculation Deduction is 2% on Gross Billing Amount .

So may I deduct 1% OR 2% TDS on Gross Billing amount foe the month of Aug.2014 ?

Kindly Explain.....

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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05 September 2014 First of all Auditors never gives TDS certificates. Deductor will give TDS certificate. For security service Section 194C is attracted and if the service provider is individual and provides PAN TDS should be deducted @ 1% only

Querist : Anonymous

Querist : Anonymous (Querist)

05 September 2014 Dear Sir ,

Thanks .

But Question is -Why Our Auditor Deduct TDS 2% when he is Proprietor for Security Service for 2013-14 ?

Kindly Explain......

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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05 September 2014 Why will auditor deduct TDS? You are liable to deduct TDS not the Auditor.
As per law TDS should be deducted @1% from Individual u/s 194C.

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