tds rates for transport agencies
This query is : Resolved
08 July 2008
many transport co. are paying their tds as the rate of (0.14).so plz give me some information on it .
08 July 2008
As per IT, the rate applicable for contractors and sub contractors (194C) are 2% & 1 % respectively plus surcharge and cess.But the payee can apply for a lower rate of TDS also. For lower rate of deduction of tax or no deduction of tax, the payee has to file an application and get a certificate from the assessing officer and submit it to the payer.
For 194C the payee has to apply in Form 13.
For 194C the payee has to apply in Form 13.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Exiting partner in partnership firm in gst portal
- LIABILITY ADJUSTMENT
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- NRI INSURANCE ADVISOR
- ITR-3 File/Error Found
- Due Date Clarity
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
