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
- Supply through E-commerce Operators
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- Sales return eway bill
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Loan by Partnership Firm
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- SALE BILL AGAINST GOODS RETURN
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- E way bill for tractors
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
