Tds related
This query is : Resolved
01 June 2015
Dear sir,
we have contract with courier person. is it deducted under tds. if yes, theb we we will deducted tds ? is it deducted on whole amount ?
kindly explain me in detail.
we have contract with courier person. is it deducted under tds. if yes, theb we we will deducted tds ? is it deducted on whole amount ?
kindly explain me in detail.
Amol S Joglekar
(Expert)
01 June 2015
TDS is deductible in such contract on whole amount.
01 June 2015
only if the gross amount exceeds the threshold limit under sec 194C.
01 June 2015
TDS to be deducted u/s 194C if threshold limit is crossed.
Threshold limit:
Single Bill/Payment Rs 30000/-
Annual Total Rs 75000/-
Rate of TDS:
Individual/HUF @1%
Others @ 2%
No PAN @20%.
TDS to be deducted on amount excluding Service Tax.
Threshold limit:
Single Bill/Payment Rs 30000/-
Annual Total Rs 75000/-
Rate of TDS:
Individual/HUF @1%
Others @ 2%
No PAN @20%.
TDS to be deducted on amount excluding Service Tax.
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