tds on security

This query is : Resolved

Sandeep (Querist)
Follow

04 January 2010 R/sir,
i have received on security bill of Rs.15786.00 only sir, pan number not available so as per new tds rate for f-year 2009-10 how much tds deduct from this bill & when total bill amt over s50000.00

Bimal Thacker

Bimal Thacker (Expert)
Follow

04 January 2010 Under section 194C you are require to deduct TDS. you should deduct TDS depending upon the period of payment or accounting of bill,if it is before 30.9.2009 TDS 2% plus 2+1% ed. cess/ h.Ed. Cess will be applicable. If it is for period after 30.9.2009 and security contractor is Individual or HUF then 1% deduction of tax is required in other case 2% of TDS.
From FY 1.4.2010 if PAN not received then 20% TDS is to be deducted.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

06 January 2010 1 % for Individual & HUF & 2 % for others

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Mahesh Balanthimugaru

Sridhar h s

Ashok Kumar Garg

RAJ SANKLECHA

Amit Chaturvedi

Subscribe Now

tds on security

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA