Tds on contractor

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 September 2014 Dear Sir ,

Kindly provide me Information - What is the % of TDS On Contractor for Individual ,HUF,Proprietor & for Pvt. ,Ltd. company .

Kindly explain........

17 September 2014 Section 194C

rate of TDS:

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

Threshold Limit:

Single Payment Rs 30000/-
Annual Total Rs 75000/-

For Transport Contract no TDS if PAN is furnished.

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 September 2014 Dear Sir ,

Thanks a Ton...

When any contractor demand amount for Labour Charges then in that case what is the % of TDS while Payment Amount through CASH/CHEQUE

Kindly Explain......



17 September 2014 Section 194C will apply. TDS should be deducted as per rates given above. TDS should be deposited within 7th of Next month to avoid interest. Challan ITNS 281 to be used for payment. Make payment online or by cheque.


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