banner_ad

Tds rate for contract of 10 lakhs as per 194c

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 May 2014 Hi,

Kindly clarify me on the below issue.

I heard that a circular has come to deduct TDS at a rate of 2% irrespective of the status of the contractor if the contract value exceeds 10 lakhs?

Is that true? Can some one clarify me substantiating it with any circular link?

Thanks in advance!
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
15 May 2014 no...it is not true.....
Profile Image

Sandeep Dharar

Profile Image

Sandeep Dharar (Expert)
15 May 2014 I haven't heard such circular. Can u kindly forward the link or circular.
Profile Image

Sandeep Dharar

Profile Image

Sandeep Dharar (Expert)
15 May 2014 According to me it is as usual as was previous:

1% for Ind/HUF.
2% for Others.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details