tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 February 2010
I want to know the current rate of TDS agaisnt a sub contractor
Rahul Gupta
(Expert)
07 February 2010
TDS for subcontractor is deducted u/s 194C.
In case of Individual/HUF, -1% and any other Person - 2%.
In case of transporter sub contractor, It is NIL if PAN No. is Quoted otherwise the normal rates wil apply.
In case of Individual/HUF, -1% and any other Person - 2%.
In case of transporter sub contractor, It is NIL if PAN No. is Quoted otherwise the normal rates wil apply.
CA Prashant Gupta
(Expert)
07 February 2010
before 1-10-09 there was difference but now same as contractor. if payment is made to individual or HUF then 1% elase 2%.
in transporter of goods cases if PAN is avaliable then no TDS. But if they didn't provide TDS till 31-3-10 same rate i.e. 1% or 2% but after 1-4-10 it will be 20%.
in transporter of goods cases if PAN is avaliable then no TDS. But if they didn't provide TDS till 31-3-10 same rate i.e. 1% or 2% but after 1-4-10 it will be 20%.
CMA Arif Farooqui
(Expert)
08 February 2010
In case of Individual/HUF, -1% and any other Person - 2%.
in case of transporter , nil rate , provided that he provide his PAN no. otherwise 1/2% as the case may be.
in case of transporter , nil rate , provided that he provide his PAN no. otherwise 1/2% as the case may be.
CMA Ramesh Krishnan
(Expert)
08 February 2010
Agree
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