Tds deduction
This query is : Resolved
Sabareesh Nair
(Querist)
27 November 2014
If a propritership firm is deducting tds under 194C from a Partnership/Pvt Ltd. company what will be the percentage of deduction??? and if it wise versa what will be the percentage of deduction????
CMA Ramesh Krishnan
(Expert)
27 November 2014
Section 194 TDS rates depends on the payee not payer. so 1% incase if you are paying to non corporate payees & 2% if you are paying to corporate payees
Rupesh Jain
(Expert)
28 November 2014
it prop. deduct the tds on company/partner ship @ 2%
company/partner ship deduct the prop. then rate will @ 1%
company/partner ship deduct the prop. then rate will @ 1%
Sabareesh Nair
(Querist)
28 November 2014
Thx to all for your valuable reply
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