Tds


This query is : Resolved 

22 November 2010 Dear sir/madam

Dear sir I have to give work as Contract to firm. May know the how much Percentage. I have deducted tax.

Thanking you

Veerendra

22 November 2010 payment in excess of Rs. 30,000/- per contract or 75,000/- p.a. TDS Rate 2%.

22 November 2010 Agree But if PAN not provided by the deductee TDS to be deducted at penal rate of 20%.


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