Tds rate of partnership firm under 94c

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LALAN KUMAR JHA

LALAN KUMAR JHA (Querist)
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19 April 2016 How much tds rate on Partnership firm under sec.94C?

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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19 April 2016 2% is for 94C if partnership firm is under any contract.

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KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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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%

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