Tds rates u/s194c
Querist : Anonymous
we are making payment to labour workers for construction of building these labours are supplied by a Building contractor.
My Question is that should we deduct TDS from these payment ? and TDS Deduction Rate?
Actually we have deducted 2% TDS.
Querist : Anonymous
and for what u r paying the labour and how much the amount is
Querist : Anonymous
This matter is related with construction of new office building.The construction co. act as a supervisor all bills payments Material and Labour are directly paid to respective party by us .
amount is applicable to deduct TDS As per income tax act exceed in aggregate Rs.75000/- but i have just confusion about labour tds rate.
Cheques also given in the name of respective labour not in the name of construction co.
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