Tds
This query is : Resolved
CA SOURAV BAGLA
(Querist)
19 December 2012
IS TDS DEDUCTABLE ON PAYMENT MADE FOR SECURITY GUARD. IF SO UNDER WHICH HEAD AND WHAT IS THE LIMIT FOR NON DEDUCTION.
Dintakurthi Tirumala
(Expert)
19 December 2012
If the payment is making as salary then section 192 and limit for non deduction of TDS is basic exemption limit. In case the payment is paying as contract basis then section 194C and the limit for non deduction of TDS is for single payment Rs.30000 for aggregate Rs.75000.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
CA PARAS BAFNA
(Expert)
19 December 2012
In case the Security Guard is/are the employees of the assessee concern, TDS is deductible on Salary U/s 192.
Limit -Per Person 2.00 Lac. (assuming that any Guard is not having any other income.)
.
In case, payment is being made to an agency, providing such services, TDS on the payments /Credit made to the Agency is deductible U/s 194C.
Limit: For a single Payment 30000/-
For Total Payments in a year 75000/-.
.
.
Limit -Per Person 2.00 Lac. (assuming that any Guard is not having any other income.)
.
In case, payment is being made to an agency, providing such services, TDS on the payments /Credit made to the Agency is deductible U/s 194C.
Limit: For a single Payment 30000/-
For Total Payments in a year 75000/-.
.
.
CA BHARATH KUMAR
(Expert)
24 December 2012
Under 194c Sub Contractors @ rate of 2% or 1%
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