what is the rate of TDS on catering Business
This query is : Resolved
Pankaj Sharma
(Querist)
19 April 2008
what is the rate of TDS deducted to catering bill. is it contractor?
Sheetal Metha
(Expert)
19 April 2008
Yes, you should deduct the TDS U/S 194C @ 2.266% if payment made is Rs. 20000/- or above at one time or Rs.50000/- aggregate during the year.
CA. Kirti S. Ganatra
(Expert)
19 April 2008
2.06%
19 April 2008
rate:TDS 2%
surcharge 0.2%
edu.cess 3%
total 2.266
limit for tds:RS. 20K FOR ONE TIME TRANSACTION
RS.50 K FOR AGGREGATE DURING FIN. YEAR
R.V.RAO
surcharge 0.2%
edu.cess 3%
total 2.266
limit for tds:RS. 20K FOR ONE TIME TRANSACTION
RS.50 K FOR AGGREGATE DURING FIN. YEAR
R.V.RAO
CA. GOPAL SONIKA
(Expert)
20 April 2008
yes TDS on Contract
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