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Tds deduction

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(Querist)
02 January 2012 Dear all experts
I want to know that a contractor is engaging for construction work using their personal PAN no. for that while work order value is more than 80 Lac then what TDS rate should be applied?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
02 January 2012 For Contractor Section 194C will apply.
TDS to be deducted @1%.
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Vineet Goyal

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Vineet Goyal (Expert)
03 January 2012 Mr. Sanjay is right. As per TDS section 194C, 1% TDS is to be deducted for any payment made to individual or HUF.




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