Tds on labour charge

This query is : Resolved

Geeta (Querist)
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17 January 2015 kindly provide me details regarding tds on labour charge such as tds applicable or not, if yes, limits ,percentage .

CA Devanand Jethanandani

CA Devanand Jethanandani (Expert)
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17 January 2015 Yes TDS will be applicable u/s. 194C (TDS on contract payment.) if amount paid or payable during the year exceed Rs.75000 or single bill/payment exceed Rs.30000.

Rate: 1% if payee is individual or HUF,
and 2% in case of any other payee (other than individual / HUF)

Rupesh Jain

Rupesh Jain (Expert)
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17 January 2015 tds will be deducted u/s 194C as section if single bill above rs. 30000.- and in year rs.75000.- bill is received tehhen tds will applicable on individual @ 1% and on firm and company @ 2%

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