Tds on repair
This query is : Resolved
23 August 2011
please tell what is the rate of tds on repair & maintenance & any exemption on it.
23 August 2011
TDS applicable u/s 194C.
Rate :
1 % for Individual / Others
2 % for others
TDS to be deducted only on crossing these limits. In case PAN is not provided deduct TDS @ penal rate of 20% u/s 206AA.
Also see the threshold limit...
Rs. 30000/- Single Bill
Rs. 75000/- Annual Payment
Regards
Rate :
1 % for Individual / Others
2 % for others
TDS to be deducted only on crossing these limits. In case PAN is not provided deduct TDS @ penal rate of 20% u/s 206AA.
Also see the threshold limit...
Rs. 30000/- Single Bill
Rs. 75000/- Annual Payment
Regards
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