TDS on contactor
This query is : Resolved
20 October 2009
here one of our transporter who is rugularly delivered material from Our works to TML.We deduct TDS @2.266% from his bill.But we came to know that from October there are some chage in TDS Rates.
Please would you help me on which rate we deduct tds
Regards,
N.RAMESH
Please would you help me on which rate we deduct tds
Regards,
N.RAMESH
Ram Avtar Singh
(Expert)
20 October 2009
If contractor is Individual/ HUF TDS@1% in others case @ 2% from 1.10.2009. Now No need to deduct Surcharge & Cess.
CA SANJAY MUKHERJEE
(Expert)
20 October 2009
If the transporter given you the PAN then you need not deduct TDS w.e.f 01.10.09
If the transporter given you the PAN then you need not deduct TDS w.e.f 01.10.09
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