TDS For Sub contractor
This query is : Resolved
19 October 2009
Sir, I am working in a construction co, i want to know that if subcontractor turnover with my company is over 10,00,000 than whats the TDS rate for it.
and surchage and E.cess is applicable on it.
Whats the rate for Contractor and Sub Contractor.
and surchage and E.cess is applicable on it.
Whats the rate for Contractor and Sub Contractor.
19 October 2009
Hi,
The TDS rates for Subcontractor payments are revised w.e.f 1.10.09.
If the Subcontractor is individual/HUF the rate of TDS is 1% and for others it is @ 2%.
There is no Surcharge or Cess applicable for TDS for all non-salary payments made to any resident payee. Thus in your case you need not deduct any Surcharge or cess for resident parties whatever may be the Turnover.
Hope this clarifies
Rgds
Srinivasan
The TDS rates for Subcontractor payments are revised w.e.f 1.10.09.
If the Subcontractor is individual/HUF the rate of TDS is 1% and for others it is @ 2%.
There is no Surcharge or Cess applicable for TDS for all non-salary payments made to any resident payee. Thus in your case you need not deduct any Surcharge or cess for resident parties whatever may be the Turnover.
Hope this clarifies
Rgds
Srinivasan
19 October 2009
Thanks Sir.
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
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Unregistered suppliers utility
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- GST Rate for Catering Services
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- EXPORT COMMERCIAL INVOICE HSN CODE
- ITR 4 and Bank transactions
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
