Tds rate on payment to work contractor
This query is : Resolved
20 November 2014
Dear All,
If a company making payment to its work contractor on account of idle sitting of his labour & machinery, what rate of tds should be deducted on such payment made on account of idle charges?
If a company making payment to its work contractor on account of idle sitting of his labour & machinery, what rate of tds should be deducted on such payment made on account of idle charges?
20 November 2014
According to me, as per section 194C because idle charges are indirectly part of contract work. Still wait for other expert's reply.
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20 November 2014
194C is applicable. Depending upon the type of assessee, 2% or 1% be deducted.
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