TDS deduction rate if applicable

This query is : Resolved 
Quick Summary
When making payments to an individual for services like filling land with soil, the applicable TDS deduction rate is typically 2% under Section 194C. This rate is generally applied even if the individual provides their PAN card. However, it's worth noting that 1% TDS might be applicable in certain specific cases involving individuals, though 2% is the more common rate for contractual payments.

Profile Image

Profile Image

(Querist)
12 June 2024 we setup a new company and filled the land with soil. now we make a payment to that individual person so which rate of tds deduction is applicable
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
12 June 2024 Deduct 2% TDS under section 194c.
Profile Image

Tanu

Profile Image

Tanu (Querist)
21 June 2024 if a person gives me a PAN card rate is also 2 %
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
21 June 2024 1% TDS applicable in case of individual.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member THUSHAR MURALI KRISHNATHUSHAR MURALI KRISHNAPro Member Somnath HegdeSomnath HegdePro Member HITESH PATELHITESH PATELPro Member DEEPAK BHARGAVADEEPAK BHARGAVAPro Member SANJAY GAIROLASANJAY GAIROLA
Subscribe to Pro
Join an elite circle of professionals



Answer Query



Quick Links



Browse by Category