Tds act 194c lower deduction
This query is : Resolved
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.
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.
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.
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.
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.
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- Filling ITR - U
- Journal entry of busniess expenses
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- Cash balance limit and property purchases limit
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
