TDS deduction

This query is : Resolved

jeeva (Querist)
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17 November 2010 Dear Sir,

I have deduct TDS 2% for AMC charges (Sec 94C). Pls suggest.

Thanks & Regards,
Jeeva.

CMA. CS. Sanjay Gupta (Expert)
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17 November 2010 You have correctly deducted u/s 194C.
Please check rates--

Individual/HUF @1%
Others 2%
If PAN not given 20%.

jeeva (Querist)
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17 November 2010 Thanks for reply.

This is proprietorship. i have deduct 2% This is correct or not.

Thanks & Regards,
Jeeva

CMA. CS. Sanjay Gupta (Expert)
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17 November 2010 Not correct. It should be 1%.

jeeva (Querist)
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17 November 2010 Dear sir,

I have deduct and paid 2%%. Pls suggest

(Rs.52800/- 2% Rs.1056/-)

Thanks & Regards,
Jeeva

CMA. CS. Sanjay Gupta (Expert)
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17 November 2010 No need to worry. Give him the certificate for Rs 1056/- he will get TDS credit.

jeeva (Querist)
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17 November 2010 Thanks for your valuable reply.

Thanks & Regards,
jeeva

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