Tds
This query is : Resolved
24 November 2012
if service is received from a COURIER.and parcel service agency,and engineering service wat will b the rate of tds? and under wich section it will b tax deductible?
24 November 2012
section 194c - TDS on payment to contract is applicable.
Rate of TDS
1.1% if payment is to an individual/HUF .
2.2 % if recipient is any other person.
Check fourth digit of PAN number , Normally 2% .
Rate of TDS
1.1% if payment is to an individual/HUF .
2.2 % if recipient is any other person.
Check fourth digit of PAN number , Normally 2% .
24 November 2012
k sir thnx ...and 1 more thing shud we check agregate payment (which is 75000 in this case)on the basis of the party name....or grand total of all the parties?
24 November 2012
Limit is for each party .
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