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...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on Old to new regime - 10-IEA
- MP Minimum Wages Act
- AIS FEEDBACK REJECTED BY SOURCE
- AIS reflecting Aggregate interest on kvp, not accrued .
- REGARDING CAPITAL CONTRIBUTION BY PARTNER
- Expenses related
- Return forms related
- Notice under section 143(2) of the Income-tax Act, 1961
- Wronly generated e-way bill
- RODTEP Annual Return
- Reply on feedback in AIS
- TDS Applicability (In GST) on Scrap
- Penalty on Senior citizens
- GST ON COTTON TSHIRT EXPORT
- TDS applicability on Interest on Capital to Partners.
- RCM on Purchase from Unregistered dealer
- Samples given to outside india for customer
- ITC on Pantry Expense
- Material Invoicing - Query
- Input on insurance service
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
