TDS

This query is : Resolved 

27 July 2010 I have to make payment to a contractor for making road, so i would like to know whether its come under Works Contract Act or TDS, and how much & how to deduct TDS

27 July 2010 TDS under 194C.

Rate 1 % if the contractor is individual or HUF

Rate @ 2 % if its a company / firm / co-op soc / local authority

27 July 2010 Agree with expert.
Above rates if PAN provided if PAN not provided deduct TDS @20%


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