TDS rate
This query is : Resolved
15 October 2009
What is the rate of TDS U/s 194 C if Deductor is Proprietor
and Deductee is proprietor
and Deductee is company or partnership
Thanks in Advance
and Deductee is proprietor
and Deductee is company or partnership
Thanks in Advance
CA SANJAY MUKHERJEE
(Expert)
15 October 2009
Rate will be 1% for Individual/HUF and 2 % for other type of deductees and it not depends on type of deductors.
However in case of proprietor i.e individual : he has to deduct TDS under Sec 194C if he is liable to TAX AUDIT under sec 44AB in immediately preceding financial year and payments are made to contractors for business purpose.
However in case of proprietor i.e individual : he has to deduct TDS under Sec 194C if he is liable to TAX AUDIT under sec 44AB in immediately preceding financial year and payments are made to contractors for business purpose.
15 October 2009
Agree with Mr. Sanjay
15 October 2009
Refer my file on TDS rates too
CA Suresh Choudhary
(Expert)
16 October 2009
agree with experts
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