TDS deduction under 194 c
This query is : Resolved
04 April 2009
one of my clients entered into the contract with OTIS Ltd for instalation of lift
contract price includes cost of lift & instalation charges Whether Tax should be deducted on entire contract price & at what rate?
contract price includes cost of lift & instalation charges Whether Tax should be deducted on entire contract price & at what rate?
04 April 2009
yes, tds is to be deducted on total contract value @ 2% + SC (if applicable) + Education Cess.
the effective rate is 2.266% if SC is applicable or 2.06% if SC is not applicable
the effective rate is 2.266% if SC is applicable or 2.06% if SC is not applicable
04 April 2009
I suppose for cost of Lift, VAT at applicable rate is charged. In such case, TDS may be affected on Installation Charges only
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- FORM 26A APPLICABILITY
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
