what should be TDS Rate
This query is : Resolved
01 August 2007
my Client is having contract of suppling electricity from DG set and principal is deducting TDS @ 10% is this correct as i had not given DG Set on hire. kindly reply with authentic rule and section.
Himanshu
Himanshu
02 August 2007
You have to find out under which sevtion they are deducting TDS.
If it is 194I - They should not deduct TDS, as transaction is not amounting to Hire.
If it is 194I - They should not deduct TDS, as transaction is not amounting to Hire.
05 August 2007
Hello!!!
If TDS is deducted u/s 194C then the rate should be 2%.. provided other conditions laid down in the above stated section in fulfilled...
The above case cannot be considered u/s 194I..
hope this is clear to you...
If TDS is deducted u/s 194C then the rate should be 2%.. provided other conditions laid down in the above stated section in fulfilled...
The above case cannot be considered u/s 194I..
hope this is clear to you...
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