Tds on binding works

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 July 2013 ia the payment made to binding workers for binding of several book bill amounted to Rs,50,500/- liable to TDS

08 July 2013 Yes its liable to deduct 2% TDS under section 194C.

08 July 2013 TDS applicable u/s 194C.

Rate of TDS:

Individual/HUF @1%
Others @2%
No PAN 20%

Threshold limit:

Single Bill Rs 30000/-
Annual payment Rs 75000/-

TDS to be deducted on total amount once threshold limit is crossed.


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