Tds on machinery repairing


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Querist : Anonymous

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Querist : Anonymous (Querist)
11 October 2012 Dear Sir,

Please suggest me Rules on TDS Section, Persantage on Machinery repairing bill.

Thanking you,

Shakur

11 October 2012 Machinery repairing will be covered under contract(194C). If single payment exceed Rs30000 or aggregate of such payment exceeds Rs75000 then tax at rate of 1% if paid to individual/HUF or 2% if paid any other person is required to be deducted


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