TDS
This query is : Resolved
smita mohite
(Querist)
30 November 2010
For painting work of wall of office building,TDS is applicable if it exceeds 30000/-
30 November 2010
Yes. TDS to deducted us/ 194C.
For rates and threshold limits see below link---
https://www.caclubindia.com/forum/details.asp?mod_id=109491
For rates and threshold limits see below link---
https://www.caclubindia.com/forum/details.asp?mod_id=109491
CA.ViVeK M ACA
(Expert)
30 November 2010
The above transaction will fall under contract since the provision is wide enough to cover the above transaction.
The payee is required to Deduct 2 % if the single payment exceeds Rs 30,000/- or total payment during the year exceeds Rs 75,000/- during the year.
The payee is required to Deduct 2 % if the single payment exceeds Rs 30,000/- or total payment during the year exceeds Rs 75,000/- during the year.
30 November 2010
Vivek Ji TDS need to be deducted by payer and not payee.
Rate of TDS u/s 194C:
Individual/ HUF @1%
Others 2%
If PAN not Given 20%
Threshold limit as mentioned by Vivek Ji.
Rate of TDS u/s 194C:
Individual/ HUF @1%
Others 2%
If PAN not Given 20%
Threshold limit as mentioned by Vivek Ji.
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