TDS on Job WOrk

This query is : Resolved

vijay (Querist)
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17 December 2008 I got a tender from a government authority for printing form

For above tender, some of the work i get done from job worker so now i have to deduct TDS on payment to Job workers and at what rate....

This is my first year of business....

CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)
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17 December 2008 you have to deduct the TDs @ 2.06% as per section 194 C.

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
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17 December 2008 Section 194C - TDS rate 2.06%.

vijay

vijay (Querist)
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18 December 2008 Whether is contract or sub contract. It may be cover under subcontract as we get a contract to complete some work and we get part of this work done from other contractor so it is sub contract.

As in direct contract case we have deduct TDS eventhough we are not require to do audit in preceeding financial year but in sub contract case if we not require to do audit in preceeding f.y then we are not require to deduct TDS so new business is not require deduct.

CA Sanjeev Kr Jain

CA Sanjeev Kr Jain (Expert)
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22 December 2008 IN CASE YOU ARE INDIVIDUAL THAN NO TDS IS TO BE DEDUCTED SANJEEV 9811274429

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