Tds act 194c lower deduction

Save Share

This query is : Resolved

Magesh (Querist)
Follow

08 December 2012 Water treatment plant (government project) construction work is goin on bangalore and civil work we have gave the sub contractor to do the civil work, now the sub contracor has requested to deduct the TDS lower % of tds @ rate of .01% this is applicable from 29th oct’12 onwards under the TDS act 194C

My question is,

1.Whether it is applicable or not applicable,
If applicable means please provide the TDS section with deduct of lower tds

Any one please help me.

@VaibhavJ

@VaibhavJ (Expert)
Follow

08 December 2012 Yes,

Lower TDS cert u/s 197 can be availed from TDS section of IT department.

Thanks//Vaibhav
Revert for more clarity.
Use thank button to convey your appreciation.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

08 December 2012 If the sub-contractor is an individual or HUF then TDS is required to be deducted @ 1%, otherwise @ 2%.

Section 194C is very clear in this regard.

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

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!