TDS ON WARPING JOB CHARGE

This query is : Resolved 

24 May 2011 PAID IN CASH RS80000 TDS DEDUCT OR NOT? PLEASE IN HARRY THANKS IN ADVANCE

24 May 2011 TDS to be deducted u/s 194C.
Rate of TDS:
Individual/HUF 1%
Others 2%
If PAN not given 20%


As amount paid in cash is more than Rs 20000/- same stands to be disallowed u/s 40A(3) of the Income Tax Act, 1961


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