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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
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Sanket Shah

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Sanket Shah (Expert)
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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