Tds on guide charges


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Querist : Anonymous

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Querist : Anonymous (Querist)
08 May 2014 Sir,
I want to know that what will be the TDS rate and in which u/s will come for guide charges .
Because I doubt about the rate and u/s so please help me

08 May 2014 What type of guide charges u r paying plz elaborate.

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 May 2014 Sir I am working in Travel Agency company.
And we hire the guide for guest and the guide is always give us bill for more than 5 or 6 guest together and we pay to him for guide fee day wise .



08 May 2014 Look dear, if the amount paid to guides exceeds Rs. 30K in any time in the FY whether single bill or in agreegate then TDS will b applicable as per section 194J(Professional fees). The rate of TDS is 10% on the amount paid exclusive of Service Tax(if applicable).

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 May 2014 Thank you very much sir for you reply.

But I want to know that in which case the TDS rate will be 1% under section 94c non companies individual.(is it applicable or not)

08 May 2014 TDS u/s 194C:-

Conditions:
TDS will b deducted if payment to contractor/sub-contractor exceeds the limit of Rs 30K(single Bill) & Rs. 75K (in agreegate)

Rate:
For Individual/HUF - 1%
For Others - 2%


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