Tds on security services

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 December 2014 What is the rate at which TDS is to be deducted and what is the amount limit after which TDS is to be deducted. Is sec 194c

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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08 December 2014 TDS to be deducted u/s 194C.
Rate:
Individual/HUF @1%
Others @2%
No PAN @20%.

Threshold limit:

Single Bill Rs 30000/-
Annual Ceiling Rs 75000/-

If threshold limit is crossed TDS to be deducted on total amount. Also remember TDS to be deducted on amount excluding service tax.

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