Tds rate for contract of 10 lakhs as per 194c
This query is : Resolved
Querist : Anonymous
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!
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!
Nikhil Kaushik
(Expert)
15 May 2014
no...it is not true.....
Sandeep Dharar
(Expert)
15 May 2014
I haven't heard such circular. Can u kindly forward the link or circular.
Sandeep Dharar
(Expert)
15 May 2014
According to me it is as usual as was previous:
1% for Ind/HUF.
2% for Others.
1% for Ind/HUF.
2% for Others.
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