TDS Payment % on Proprietor/Firm/Individual

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Santosh (Querist)
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03 June 2020 Hi,

Can anybody help me on this.

As we know the TDS rates from 14-5-2020 is been changed. So I want to know the PAN status Proprietorship/Firm also considered as Individual or other than individual/ HUF and TDS will be 1.5 instead 2%.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 June 2020 Proprietorship firm will be considered as individual and 0.75% TDS applicable.

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Santosh

Santosh (Querist)
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03 June 2020 Thank you Sir.......!

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 June 2020 You are welcome.........

Santosh

Santosh (Querist)
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03 June 2020 Sir,

could you please help me on the below query :

We have a retails business, and we purchased 1000 plants to distribute our customers on world environment day. So the cost whatever we incurred must be accounted under which head..?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 June 2020 Account it under sales promotion expenses.

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Santosh

Santosh (Querist)
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03 June 2020 Ok Thank you........!

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