Tds on work contract
This query is : Resolved
rakesh varadkar
(Querist)
08 October 2015
dear sir pls help me out on which amount should i deduct tds on work contractor
CA R SEETHARAMAN
(Expert)
08 October 2015
Deduct 1% in case of individual and 2% for others on what ever amount you make payment and liability created.
08 October 2015
Applicable section 194C
Rate of TDS:
Individual/HUF @ 1%
Others @ 2%
No PAN @ 20%.
TDS to be deducted on crossing the threshold limit, which is:
Single Bill /Payment Rs 30000/-
Annual Total Rs 75000/-
TDS to be deducted on amount excluding service tax, if any.
Rate of TDS:
Individual/HUF @ 1%
Others @ 2%
No PAN @ 20%.
TDS to be deducted on crossing the threshold limit, which is:
Single Bill /Payment Rs 30000/-
Annual Total Rs 75000/-
TDS to be deducted on amount excluding service tax, if any.
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