Tds rate of partnership firm under 94c
This query is : Resolved
LALAN KUMAR JHA
(Querist)
19 April 2016
How much tds rate on Partnership firm under sec.94C?
Murtaza I Bhagat
(Expert)
19 April 2016
2% is for 94C if partnership firm is under any contract.
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KAVIRAJA ADDANGADI
(Expert)
19 April 2016
U/s 194C Single Payment or Bill value if it is less than Rs.30000/- no need to deduct TDS, if part overall payment in a year is less than Rs.75000/- (100000/- wef 1st June 2016)any of 2 condition satisfy no need to deduct TDS.
TDS on 194C individuals and HUF @1%
Others @2%
TDS on 194C individuals and HUF @1%
Others @2%
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