TDS

This query is : Resolved

swapna.k (Querist)
Follow

20 August 2010 Tds on contractors is 2% but in some companies it is deducted at 10%. If the payment exceeds 1cr surcharge & education cess are applicable or not. plz clarify

Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

20 August 2010 TDS u/s 194C w. e. f. 01.10.2009 on individuals @ 1% flat and companies and firms - 2%. Same rate for any amount of payment.

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
Follow

20 August 2010 TDS on contractors under section 194 C is :

1 % for Individual & HUF

2 % for others.

Surcharge & Education cess is not applicable irrespective of any amount of payment made.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Avisha Sinha

NISHANT SIPANI

shanmukha sai

Rohit Sachdeva

Angadi & Co

Subscribe Now

TDS

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Article Assistant

GST CONSULTANT

GST CONSULTANCY

Accountant

Manager- Finance and Compliance