Tds know
Querist : Anonymous
Fees : 900000
service tax : 130500
Total : Rs.1030500.00
so wht will be the tds deducted and how much ?
TDS would be deducted on Rs.9,00,000/- only. Refer Circular 01/2014 for the same as it specify that no need to deduct TDS on the service tax amount.
Pls explain which type of contractor is this and work done by him??
Querist : Anonymous
TDS will be deducted under section 194C
1. Payment / Credit to resident individual or HUF @ 1 %
2. Payment/Credit to any resident person other than individual / HUF @ 2 %
TDS Rate if PAN not available @20%
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