TDS under Sec 194C

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sanjay ojha (Querist)
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20 March 2021 Sir
If a contractor is engaged in Construction work and taken a contract of Government Institute for construction of a Building (Material + Manpower) and raise a bill. at what rate of TDS need to be deducted from bill by Government Institute.
condition; Bill printed in name of contractor ( ABC Contractor)
point of doubt is whether contractor's bill is considered as "Individual" or "Others"

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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20 March 2021 Consider it as others and deduct 2% TDS.

PARAS CHHAJED

PARAS CHHAJED (Expert)
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21 March 2021 The status of payee i.e. deductee as per Income Tax Act is to be considered. If the payee is a concern which is proprietary entity the rate of TDS u/s 194C should be 1% as TDS rate in case o Individual ad HUF is 1%. Printed name on bill hard matters. Check 4th Character of PAN and if it is P or H go ahead with TDS rate of 1% only.

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