TDS
This query is : Resolved
Suresh Solanki
(Querist)
15 April 2010
One of our party is doing jobwork for stitchin of bags (Packing purpose), in this jobwork part of material supplied by us and part of material provide by him and bills not making seprately for material and jobwork. and also his bills not in proper format & not contain PAN details.
Here should be deducted TDS or not ? How many percentage
Here should be deducted TDS or not ? How many percentage
15 April 2010
TDS SHOULD BE DEDUCTED U/S 194C. ASK THE PARTY FOR PAN. IN ABSENCE OF PAN TDS TO BE DEDUCTED @20%.
IF PAN IS PROVIDED--
INDIVIDUAL OR HUF @1%
OTHERS @2%.
ASK YOUR VENDOR TO GIVE SEPARATE BILL FOR MATERIAL OTHERWISE TDS TO BE DEDUCTED ON TOTAL AMOUNT.
IF PAN IS PROVIDED--
INDIVIDUAL OR HUF @1%
OTHERS @2%.
ASK YOUR VENDOR TO GIVE SEPARATE BILL FOR MATERIAL OTHERWISE TDS TO BE DEDUCTED ON TOTAL AMOUNT.
CA Kapil B Gupta
(Expert)
16 April 2010
Agree
VIKAS AGGARWAL
(Expert)
16 April 2010
As the material is provided by you then it comes under the definition of work u/s 194C of the act, hence tds is deduction @ 1% in case of individual and HUF and 2% in case of any orther payee.
please also check the provision section 206AA for higher deduction of tax @ 20% in case the payee does not provide his PAN.
please also check the provision section 206AA for higher deduction of tax @ 20% in case the payee does not provide his PAN.
CA Ravi Sisodia
(Expert)
16 April 2010
Agreed..
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
- Nursery business
- Tax on Amount transferred in HUF Account
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- TDS on Dashcam rent and allied services
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Intimation under section 245
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
